Hi Johnnys and lching: if my major buy order at 6.30 was matched at any day for the last few weeks, I would be kaya now. Unfortunately only some small buy orders at 6.4+ were matched. Nevertheless I am happy to see uptrend on share price before qtr result, sending great signal that the upcoming result would be a great one. Happy paper profit, pals.
Do not feel sorry for the current rebound. in fact I believe most of the people just add a bit only at 6.40-6.70 as the sentiment was very poor at that time. Me too, I added a bit only at 6.4+. Some people make big money from MPI is because they bought and hold it long time ago, not from the current rebound. Cheers!
Ya, MPI had help me earn mid 5 digit earning so far...very grateful..but I think this company can still offer much. By the way, anyone looking at HHGroup?
Thank you so much bsngpg. This guy make so much money buying shares at cheap price ! I went into HHgroup at 0.495. I agree with his view that revenue increased significantly but the profit margin is lower. Risk is that it depend largely on its biomass product and export to China mainly. If there is no hiccup to this, basically its new plant in gua musang will generate additional 30% capacity and will record higher revenue. Also it plan to be listed in main board by end of this year, 1 year++ after it was listed in ACE market in 2014. Finger cross, 0.70 TP
Back to RM7. This can become a resistance or support. Very critical. If rebound and close strong, it could be support, if drop below again, the graph will exhibit triple tops !
Today, I added 1k shares only lah at 6.49. If it drops further tomorrow, I will buy another 1-2K. I am considering to add Inari too. What is your opinions?
6.4 is support level. If break, might go down further, else, bound range between 6.4-7. MPI had triple tops at 7 ++ and double bottom at 6.4. LEts see if it falls below 6.4
I have an opinion that the current sell down in Bursa is due to weakening RM which indeed is the profit booster to MPI. The more RM weakens, the broad mkt will be more panic but at the same time the more profit MPI will be. MPI is a company operating in up cycle semi-con industry, quite certain earning more profit, selling at reasonable PE at ~15(semi-con), paying 3+% div yield. Thus I put in my chips.
I do not understand why devaluation of RMB will affect semi-con industry. Biz is transacted in USD. Chinese is still very rich after 2% of currency devaluation. Demand on smart phone and tablet are still very robust with cheaper selling price nowadays.
average down is always a risky thing. I lost most when I buy downtrending stock and average down. That hit me the most. Nonetheless, RMB dropping means they will buy less. Export to china will drop. That is why Oil drop because for China to buy oil will be more expensive. Commodities will drop too if China is the big consumer. Thus, those companies exporting to china will be hit. Nonetheless, I see RM vs RMB chart and RM is weakening more compare to RMB. Its now about 1 RM = 1.6 RMB. I think the risk is low
Tech stock get badly hit because of the run up since this year. But I think fundamentally it should still be good unless China really beef up the competition.
bsngpg, i didnt buy property stock at all although valuation very attractive. i didnt buy finance stock cause growth limited. but i add 1 more lot MPi with my last round of bullet. as u said, cant find a reason not buying com earning USD. latest q result arround the cirner should lift the price.
I like all kind of high div counters such as matrix, huayang, tambun and maybank for regular passive income. Last week I run out of fund to buy more mpi below 6. Maybe this week I will borrow fund to buy if it still trades below 6.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
i3i2i1
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Posted by i3i2i1 > 2015-07-29 13:50 | Report Abuse
mpi and gtronic have coverage.. MPI 3 days shoot up...lets see whos better but weak sentiment brush off?