Aiya...+1% is better than Negative 1%. It is ranging waiting to explode. Like all meme stocks, any one good news will go crazy up. Don't mess with SM, it is not a blue chip counter. Just stick around when the cycle of crazy returns. Bursabet has eyes on SM and all gloves. It is Not over yet.
During the 1998 financial crisis, the CI indexes dropped from 1300 in 1997 to 250 pts in 1998.Foreign funds pulled out big times due to depreciating ringgit from 2.50 to 4.50. Many entered the market and bought good profitable stocks at 800 pts , 600 , 400 , 300 and finally at 250 pts. Even you entered at 400 pts which was considered low enough, the busybody will still jeered at you when the index went further down.to 300 and then lower because of paper losses. Then in late 1999, the CI.bounced back to 900 plus pts. Those who entered at 700 to 800 started to make money not to mention those who entered at 400 pts. In early 2000 , the CI went up to more than.1000 pts. The rest was history.
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....
GlovesOff
2,499 posts
Posted by GlovesOff > 2021-07-06 12:16 |
Post removed.Why?