I hope not repeat the mistake of AT Systematization, once the deal to purchase PGSB cancelled, today panic selling of AT shares from RM 0.28 down to RM 0.22....very dangerous to purchase Salcon at high price and suddenly the Glove deal is off, trigger panic selling like AT Systematization today.... Beware
Mahsing and AT building business more or less from scratch. Salcon dares to be different, pay to buy a stake in existing business using fund from PP. Should be good move. Tomorrow we all shall know.
All the best guys. Similar situation happened to Luster recently, and I got stuck buying a high price because I believed it will rocket more. Eventually, people sold on news and the price dropped drastically.
Many quarters reported loss. Later quarter showed 2 mil profit. Only project at K.T which is unimpressive performance. Now want to go gloves. Like the shoe making company going into medical recently. No logic. Just to push up and dump.
salcon acquire 5x pe then wanna grow 20x, salcon market cap lower than AT, should be same market cap with more gloves, why buy AT? Salcon got ready plant, buy AT for?
tablesalt All the best guys. Similar situation happened to Luster recently, and I got stuck buying a high price because I believed it will rocket more. Eventually, people sold on news and the price dropped drastically. Wish it turns out differently for you guys!
Thanks for the advice. Luster still has potential to go up based on chart and volume, if you don't mind holding longer, don't sell at loss and keep until profit. Unless you invested huge amount then good luck since Luster is just a speculative stock.
Similar with Salcon's announcement, most would take it as sell on news due to this stock's fundamentals. But opportunist like me will buy some first, if fly then stop chasing high and let profit run. If drops, prepare to buy more and hold longer. The amount to be invested here has been set aside for speculative stocks hence no matter which direction it goes, that is fine for me! Need to have a balanced portfolio with right sizing, else too much of good stuffs is not necessary a good thing!
If u think salcon is not good buy then why still in this group and giving comments. Go to the counters that benefit you. Hypocrite fellows. Let us make the money. These monkeys no other work?
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....
greenland
378 posts
Posted by greenland > 2020-11-12 19:11 | Report Abuse
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