In a consolidating market, some get moody and upset. To me, it is time to do a strategic review of our portfolio and market conditions. Add or subtract some counters, depending on the merit of each one.
Do not simply groan over paper losses. Take this time to review and reposition ourselves.
DEAR PMCORP PLAYERs (investors, punters and pundan included), Get readi to SAILANG ALL your money to punt and invest in PMCORP on FRIDAY 2nd May 2014 ... today tomolo go MORTGAGE your house, car, underwear, galfren boyfren to raise fund to have big FUN this FRIDAY ... the PMCORP BIG BIG PAYDAY !!
I have repeatedly said this and I say it once again here.
For year 2014 "Return OF capital is more important than return ON capital."
Seek Capital Protection First - then only think of a yield that can beat the ravages of inflation.
This past week we witnessed several counters went LIMIT DOWN and some counters lost 10% to 20% in just a few days.
Dr.Neoh Soon Kean in his Investment Book warned that Speculative Counters Bidded Up To BUBBLE TERRITORIES WITHOUT FUNDAMENTAL CAN COLLAPSE 90% DURING MARKET COLLAPSE!
YES! A 90% COLLAPSE IN FREE FALLS IS THE NORM DURING MARKET COLLAPSE. SOME EVEN FALL INTO DELISTING.
I ONCE THOUGHT IF A SHARE HAD FALLEN 80% to 90% - It's safe to buy. BUT I WAS PROVEN WRONG. I MADE A MISTAKE BUYING FOUNTAIN VIEW AT 40 CTS (AFTER IT HAD FALLEN MORE THAN 90% FROM RM5.00)
So please stay safe and DO NOT SPECULATE TOO MUCH. Buy what you are absolutely sure only. Or else just Keep Cash until there is Clarity.
Found a Gold Mine? Stick with it. Don't wander about because somewhere, some day you might step on a Land Mine
Somebody asked me why the market has become so bad. I told him this reflects the law of the nature. Most penny stocks have gone up a lot in the last few months. So, it is only natural that they are 'pressed down' too when market conditions turn bad, hopefully to pave the way for the next upswing some time down the road(same concept as in last Dec).
The timing of the 'collapse' could not have been better: 1. Sell in May: Traders are used to this idea and this year, esp with World Cup in June. First, it was 'directed' by the syndicates that 'pushed down' the 4 counters. Next, we have stockists that ride on the bad market conditions to 'trade down' the other counters;
2. There could be 'technical' or 'relief' rebounds along the way. Even so, they are usually short-lived.
3. As PM Corp is not deemed to be the subject of the stockists' action, the rebound could be modest and short-lived too, most probably another creative work by the shark, trying to offload uncleared stock.
The whole penny stocks market is in a consolidation. PM Corp has no 'compelling' reason to defy market movements. As I said, if there is no imminent asset sale, it will very likely remain range-bound at depressed levels.
Dsonic CA, a covered warrant that may lapse worthless upon expiry of the warrant, was chased up to 31.5 sen yesterday, up 9.5 sen. But PM Corp, with NTA of 47 sen per share, is just languishing at 22 sen.
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....
ayeefk
574 posts
Posted by ayeefk > 2014-04-29 14:00 | Report Abuse
In a consolidating market, some get moody and upset. To me, it is time to do a strategic review of our portfolio and market conditions. Add or subtract some counters, depending on the merit of each one.
Do not simply groan over paper losses. Take this time to review and reposition ourselves.