2017 annual report shows that Coldeye held 1 mil shares of this shitty company. The volume today is 4 mil shares. Hard to tell whether Coldeye sold his shares. Likely some or many institutional investors dumped their shares after losing faith in Mgmt.
I myself bought Sino Hua-An starting @ 15c averaged down again & again & again until I had 515,000. At the worst point(2c) and with fear of bankruptcy pervading, my paper loss was $24.4k but I just shrugged my shoulders & said 'Write off write off lor'...Same with Hengyuan.
Fast fwd to today, I recouped all my capital in Sino Hua-An, earned $32k and now my 78,000 remaining shares are all free :) Also I sold my last shares in Hengyuan @ 10.82 lately.
This is correct mentality when investing in stock. maximum u can lose is only 100%. The aim is to hit 1 10bagger then can already.
Posted by dompeilee > Nov 30, 2017 04:14 PM | Report Abuse
I myself bought Sino Hua-An starting @ 15c averaged down again & again & again until I had 515,000. At the worst point(2c) and with fear of bankruptcy pervading, my paper loss was $24.4k but I just shrugged my shoulders & said 'Write off write off lor'...Same with Hengyuan.
Fast fwd to today, I recouped all my capital in Sino Hua-An, earned $32k and now my 78,000 remaining shares are all free :) Also I sold my last shares in Hengyuan @ 10.82 lately.
Ppl are complaining about the integrity of the management, but my question is did the management guarantee in anyway that the company is going to do well in this quarter (ended Sept 30)? Because in the last quarter report the management said nothing about it (that the company will do well next quarter). I did not attend the AGM myself and I hope those who did please enlighten me. As far as I am concerned, in the previous article by Morgan Lim ( https://klse.i3investor.com/blogs/FoodForThoughtMorganLim/135617.jsp ), the management is being frank about the company's situation. So I do not think there is an issue with the integrity of the management.
Shin Kao Jack, the 'famous' RHB analyst, recommended this stock strongly in late March when it was 3.20-3.30. Looked like an absolute genius until late Aug when it already touched 4.88.
sorry lah sure no 1.00 or 50cts for u to buy.the most is 1.80 on mon.unless next quarter post hefty losses then can drop below 1.50,otherwise it will trade between 1.80-2.10 for the next 3 months
That's the psychological effects that's is very normal, always think the stock market is a zero sum games...!!! Nothing goes up to heaven...it will come down somehow, anyhow, n how come it is like this...??? Well to take care of your downside, always take back some of your Capital, during profit run. Cannot be too greedy...!!! The best is to have a zero Capital portfolios. With such a scenario, like IQ Group, if you have sold half, u just sell now n win less only. Happy weekend...!!!
Newton, "I can compute the movement of the stars n gravitational forces, but I Can't compute the madness of human beings." So don't try to outsmart all the people here who had invested in IQ Group...!!! I don't know when the downtrending will stop n at what market value...??? It is a falling knife, don't catch it...!!! At present sentiment, Look 100% Bearish...!!!
hehe... i just bought some at 1.94, and ready another 50% money to buy it only IQGroup go below 1.70 worst scenario lost 30%, good scenario 100-200%, worth to have some try
It's all about investors perception of the stock they have invested in. For instance, Lafarge has been losing money for the past 3 qtrs amounting to -15.9 sen EPS, yet the share price is still at 6.86. Likewise, gtronic with only about 12 Sen profit on EPS to show for the past 4 qtrs yet it closed at 6.39 today. So, it is difficult to speculate how much IQ will drop and when it will rise again. It boils down to investors and Analysts' perception. Are they gung-ho on the stock? If yes, then even making losses or peanut profit will not cause the share price to fall. In short, buy if you think it gives you good value with good visibility ahead on it's business and sell if you feel the stock has no more future potential, cheers.
I've been monitoring this stock for quite some time. Friend bought in at 3.01, told me its damn cheap but I had a hunch that the management is less strong than I preferred. So I didn't buy in.
In the end, for me, I summarize in this manner: - The company's business have good prospect. - But management seem weak. - Company finance seems to be okay. - Just experienced a huge drop to lower limit.
Verdict: I only have confidence to buy if its lower at regions of RM1.8, otherwise, I wouldn't risk so much time playing with this company's 'Possibilities' and 'Potentials'. These 2 things are what the company can offer to persuade me to buy for now. RM1.8, buy.
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....
Yu_and_Mee
3,455 posts
Posted by Yu_and_Mee > 2017-11-30 15:59 | Report Abuse
"but then again the problem is the management is not being honest"
This is the key. If management so confident, why could the business turn negative?