If u want to stick to OTB's cut loss method, u have to wait until it breaks below 200 SMA or wait for the next Q result...if the next Q result is no good then high chance to break below Rm1.50 or even lower..
move on, v ikan bilis no fight with syndicates. even blue chip like SHELL also can fall like watermelons. spread out your investments, no need to worry too much
If u follow OTB's method on up trending stock u will win big till heaven...if u follow OTB's cut loss method on down trending stock u will lose till yr mom also cannot recognise yr face...
OTB's stop loss rules : Any rule is triggered, you can cut loss. 1. The price drops below 20 weeks EMA in WEEKLY chart 2. The price drops below 200 days SMA 3. There is no growth in last 2 quarter results
If you feel uncomfortable with rule 2, you can use rule 1.
I am not short term investor, I use rule 2.
U will see yr hefty paper gain turns into hefty paper loss n then u have to cut loss.....
Me small fly also can see the risk and weakness of this...Senior Sifu like him cannot see meh?? Always take some profit...maybe OTB only teach Koon Koon on profit taking....
I see 3 good things about geshen may look to collect at 1.90
1. Company management had changed, the acquisition of polyplas is good for them 2. Company is cleaning up mess and did kitchen sinking thats why the results was only rm1.8m by right they will make rm2.5m 3. Capex increase - meaning they are bullish on outlook, will harvest in longer run 4. More disclosures in their financial reports compared to last year, you can get alot of information from its quarter report
Make sure the margins and panic sellers are out then can start collecting meanntime wait for the saga to settle down first
A capex of rm20m could easily generate extra rm5m in the future, and no more kitchen sinking, better margins i think geshen can make 20m this year and 25m next year, pe still below 10x at current price
yes long term confirmed downtrend because i read it on the comment section. Its a confirmed news since everyone here is a million dollar company CEO and they can predict the future
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....
goreng_kaki
1,909 posts
Posted by goreng_kaki > 2016-02-26 12:06 | Report Abuse
Better sell this laosai stock, it worth 1.57 and below......