Just imaging the thing you like is selling at discount or become cheaper, you will feel happy. Same concept in TA, will continue to buy more and waiting the share price reflected its value in long term.
Lim, I am started bearish in the market but I won't sell TA share because nobody can predict the market. If I sell it but TA continue to go up, what do u think of my feeling? I have cancelled the buy order at RM0.95 just now, I will not buy in any TA share if the price still RM0.90 above to mitigate the risk. I am only holding TA share and use the share to pledged in my share margin account, and I will start to use the margin to buy TA if the price drop below RM0.90. Why I want to wait below RM0.90? It is because I do not have so much cash to buy more as well and force to use margin to buy. I do not want to take so much risk as I need to pay interest. If the market crash but do not have a cash to buy more, you will miss out a lot of opportunity cost, that why I opened the margin account to standby.
Lim, margin account is very dangerous if market are very volatile. When the bank make margin call and we are unable to top-up the margin, they may force sell our shares and somemore, we have to pay the balance we owe to them. A lot of directors lose their listed companies when they were unable to top-up the margin and their shares were forced sold. So, think twice before open margin account. The choice are yours.
林俊松 and all What do you guys think of the following guidelines on using margin account?
(1) try to keep debt/asset < 0.5, preferably 0.4. Margin call usually is when debt/asset > 0.6 (2) make sure not to use more than 90% of margin amount (3) buy only shares that would distribute dividends, it helps with interest charges (4) survey the market, some brokers would offer BLR - 1.8% to BLR - 2.0%, don't use margin account that charges more than 6%; always request waiver for rollover fee, its 1% of used margin quarterly (5) top up when you have spare cash to reduce the risk
According previous performance, I believe will drop another 5% , might be around 0.88 -0.90... Hoping Tony don't press down the price >< Waiting another counter in Sep
Probably Tony will press down the price and acquire TA share in the open market...Tony already hold about 30.7++%(if I not mistaken) of TAE...If Tony got intention to privatize TAE, he need another 2.3% :)
Looking at the chart and based on Sephiroth previous comments, support level is 955/960, if below that I think me and you should cut loss. Any senior members care to comment? Coz I noob main tembak
Current support level is 950/955, next support level is 915/920 after 885/890...don't so worry Rob...unless you playing contra... If base on last 2 years back data, even Tony purchased stock in higher share price, but after the share price also dropped around 15-20% respected the highest stock price which Tony purchased. It might rebound in Sep. But most of the time, market is unpredictable...what we having only for reference. As Dragonfruit comment, only Tony and Alicia know when TA stock goreng...
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....
sephiroth
14,145 posts
Posted by sephiroth > 2014-08-08 11:53 | Report Abuse
if drop to 93, i makan feast liau