Covid-19 make economy slow down company fundamental will metamorphism and company with high debt will face collapse or bankruptcy soon.Expect local and foreign funds money would not flow in big cap and mid cap stock because everybody scare buy high losses money . In this few month expect Funds manager money would flow out in bigcap and midcap stocks and will short selling midcap stocks for make money so now no prospects cannot buy and hold. market stock RM10 drop to RM5, RM5.00 drop to RM 2.00 , followed RM2.00 drop RM1.00, followed RM1.00 drop to 50 cent, followed 50 cent drop to 20cent ,followed 20 cent drop to 10cent ,followed 10 cent drop to bottom. High debt company cannot hold ,high prices stock cannot hold , market never sleep money never sleep just buy bottom low prices with cash rich company . This is a opportunity markets smarts money no longer will flows in cheaper stocks market will goreng lows price stock at bottom.
Whoever bought earlier do price average and hold.. Whoever cut loss look for opportunity to buy back and hold . Don't buy tdy or tmr. Dow future dropped .
Brothers, since the temporary movement restriction until 31 March 2020 for private and government sector except for those essentials. At least we need to wait until April if there is any announcement.
My opinion, lock down is good:
1) We don't have enough facemask supplies daily, only around 170k per day which in one day will trigger into bigger spread if no any actions taken.
2) Can reset the whole malaysia cases. So later only focus on clearing those existing. The end we only need to control the imigresen in and out and waiting for vaccine only
I foresee this is good news soon to all Malaysian.
Take good care for yourselves, Money you can earn and loss, Life only have one, once you loss it then no more you can earn back.
Cut loss je.. the longer u hold the more opportunities forgone.. High possibility will go below 0.10. there are so many good counters out there with once in a lifetime discount price.
Everyone, please stay safe ya. For those still holding or waiting a better timing to go into Eden, we just be more patience to wait until re-open of restriction move order on 1 April 2020.
Importantly we keep ourselves healthy to wait for upcoming news.
Still holding tightly unless any further update (touchwood, say if cancellation of ECRL or current PM runtuh). At this juncture no more top up or sell down. See what happen afterwards.
Looking at the COVID19 patient numbers graph. Fortunately Malaysia government took a fast action to cut off the spread chain with best efforts (of cos still have some stubborn fools).
Anyway, since it will stabilized soon in the disease side, Government next action plan is to boost local economy.
For Eden, i still think that we have better position since ECRL:
1) Firstly, is majority funded by China Company (more technically is by China Government Insurance Agency, and it will mostly wont affected by Malaysia Budget and Funding)
2) Second, it will create quite a lot of job opportunities (local and foreign)
3) Third, the economies of scale (it will help a lot of local landowners, contractors, developers, suppliers and related service providers)
It is about the time already, today is 25 March 2020.
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....
TtreeInvestor
2,770 posts
Posted by TtreeInvestor > 2020-03-16 08:39 | Report Abuse
Today market cannot be too good.