noinoi pls tell me what is 23rd Dec date significant to Penergy since you know so much abt Penergy to judge whether your news reliable like your postings.
Just face the fact.. those who recently bought before today's big drop.. thought the correction was OVER! So mostly thought it was SAVED to buy in! All looking at TA chart! TA is bulllllshit. The change of hands are from the ones who collected recently! Those who bought at low.. doesnt care of the FALL! If you wanna ride on penergy.. dont look at chart! Just invest because u believe in the fundamentals. OR else, dont buy penergy! Very clear-cut!
No stock will ever reaches the highest peak no matter how strong the underlying fundermentals . What goes up will come down is nothing unusual , so what the big panicked and shouting when it retraced ? Set a cutwin point to unload in stages to secure your profits and a sure way of protecting your resources even if it dropped drastically. Many people's failed mainly bcos either they continue to buy and chase to the highest peak level and secondly , don't set your cutwin point too high and never regrets it goes higher once you already sold . No one can predict how low it can retraced and how high it can reaches . Greeds is the culprit's that proven to hard to resist its temptations !
Take it easy and l wrote this with no intention to offend anyone as l learn from the past to correct my mistakes that setting a cutwin point that u are comfortable and safe, not necessarily selling at the highest level with more risks . Cheers !
I will be collecting some when it just goes below 1.35 by 2morrow . It takes some risks to stay invested . Remember....no free meals !!!
AT 1.35, Penergy EY is 21% and ROIC is 28%. net cash 36 cents/share, ROE 16.8% Q3 FCF 107M. From FA point of view, Penergy has a very strong balance sheet, they manage to pare down debt > 100M this FY 2019. Anyway stock market is always give you surprise.
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....
Sarawakian8
42 posts
Posted by Sarawakian8 > 2019-12-09 12:18 | Report Abuse
2 RM if no hope so is PH chance in Sarawak state election.