“Traders make money using right system, Investors make money buying right business”
Plan your own capital and strategy, both can make money. I will sell once meet my TP >1.50 by next qtr. I will patiently wait like i did in VS, currently in Superln and now here.
The worst has gone for IQ Group. China business back to normal like it was in Penang and starting profitable. Will back to good old days over ccming few qtrs.
I have a question. I thought after 2 days of limit up, Bursa will freeze the price for 2 subsequent days? But how come only freeze one day yesterday and then today back to trade?
"today if vol will maintain >2~3m and close green, hold tight"
I guess this doesnt count today? we have that volume but the whole market went deep red. Anyway it hold quite steady at this price despite the bad bad market condition. I'll hold with you till next quarter as well.
Today Top 30 bursa giant 90% drop and 27 out of 29 indices red. It should explains whats happening. But thats a good correction after a V shape recovery.
This turnaround stock has potential to go higher but dont expect it will back to 1.26 in a week or two.
Traders need to understand that the prev years losses was due to shift factory from Penang to China and somehow the first shift to Dongguan fail and has to move out to another place Wuning. Now it has solved its manufacturing problem and posted profit. Business should doing better from this qtr onwards.
Today massive profit taking happened early morning and some should had buying back below 1.0, afternoon seems better and support now at .96.
“Traders make money use right system, Investors make money buy right business”
IQ Group futures now well perceive after a turnaround profit quarter. This should be strong reason to buy and hold.
Careful.. Inside already sapu lots shares... Obvious.. If no limit up block they already goreng very high... Plan distract. How explain price immediate drop non stop while fundamental remain same
Definitely not for short term. Short term boys most likely exited already, the way I see it now LT boys are slowly collecting at low price. Minimum holding period 3 months. Anyway this week was really bad so cant use it to judge.
Sep, Oct & Nov - 2.5 mths to wait for next result. Along the way, we might see it hit 1.0 again (because its a profitable counter now). Slowly it will rise.
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....
SuperPanda
11,431 posts
Posted by SuperPanda > 2020-09-03 12:02 | Report Abuse
Quote To Remember
“Traders make money using right system, Investors make money buying right business”
Plan your own capital and strategy, both can make money. I will sell once meet my TP >1.50 by next qtr. I will patiently wait like i did in VS, currently in Superln and now here.
The worst has gone for IQ Group. China business back to normal like it was in Penang and starting profitable. Will back to good old days over ccming few qtrs.