technically, I do not disagree with K.H method. However, may I propose an alternative. I like to advise my readers and subscribers to 1. If happy take profit 2. If not happy, hold 3. If unsure, take half, hold half. However, with all the methods, please set trailing stop. That way you can always protect your position. Also, as a value investor who recommended Magni as my value pick in 2016, I have always worried that Magni barely moved. Finally, patience paid off. This is the outcome of value investing. You take care of the downside and the upside will take care of itself. Good luck all..
I believe profit will be up trend since their new Production line will be ready by 2nd half of this year, adding another 20℅ capacity. They also have expansion plan in 2018.
Strong TA and FA stocks.......funny to see klse.8k say that magni reported fake profits, who else will pay 30m+ dividend when they want to scam investors' money
Been holding 1 year plus... take 2 days to break new high... superb show... and PE now only at 8 plus... still got room to go. Congratulation everyone!!!!!!
Just sharing, I am not short term player, FYI, I held on to magni for more than 6 months and entered when it was RM4.10 after reading tradeview article. I also collected dividend twice apart from today capital gain. I realise profit now because I want to hold some cash as worry about the global market jittery.
I rather earn then lose. I can be wrong and lose the upside but at least I have locked in a good 17% return on this excluding Dividend. So better to be safe than sorry. So at least now I have cash to look elsewhere or new counters. What if Magni retrace tomorrow?
Congrats to all the shareholders. I watch this counter only not long ago but dare not buy after reading its 5 years chart. Wao! What a run these 2 days after a 10 months consolidation!
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....
cy91
397 posts
Posted by cy91 > 2017-01-17 11:55 | Report Abuse
new high again!! when to sell counter like this?