Teddy, 1 lot is 100unit is only 18k, i'm not that rich bro, only able to go for 200 to 300lots at this moment so need to save it for Supermax tomorrow.
Thanks for the advice Invest1818, I'm at a big loss bro. I bought 800lot without hesitation. Now either I will have to wait for few more days or close my eyes and sell my other portfolio to cover my losses. no more free lunch i guess.
Teddy, i'm really sorry to hear that. As long as you haven't sell it u still cant deem it as a lost. So cheer up and keep it for a longer run. It's PE ratio is around 5 to 6 so is low. It's a potential good future counter and having appreciating lands around KL area. Just wait for it for a little bit longer and see how it goes if your cash flow allows. I'm speculating it today so I have to take the lost. This is how the game goes. Good luck bro.
had little titi been worried about retailers and contra players she wouldn't have chosen a time like this to float woud she? the market is sluggish and property counters are being hammered. it is because she has strong backers and long-term anchors that she went on with it.
teddy, didn't buy so cannot comment too much juz to be fair, can only suggest u DO NOT sell profitable counter for losing one. u can consider divide your holding into 4 parts and decide in the following T3+1, end of each day maybe, be real decisive.
Posted by iafx > Nov 27, 2013 03:55 PM | Report Abuse teddy, didn't buy so cannot comment too much juz to be fair, can only suggest u DO NOT sell profitable counter for losing one. u can consider divide your holding into 4 parts and decide in the following T3+1, end of each day maybe, be real decisive. there's always a next time, no worry.
I said its overprice on 11/11/2013 when the prospectus was launched. When UEMS, L&G, Mahsing, Glomac etc are trading below their NTA why should Titi be worth 1.50 when it does not have track record like UEMS,L&G, Glomac n Mahsing?
this is only first day, and in fact the price is only around 1.66 which only 0.15 above the ipo 1.50, not so bad...tomorrow should go back up up and up to at least 1.75. The valuation tp is 1.86.
What is over price? The price always decided my Mr. Yeoh,over or not over have to bet on him already.If teddy really need advice, better ask for the YTL fans that play with his IPO before,just them will know what is the pattern that frequently play by Mr.Yeoh.If Vincent one everybody already know,YTL IPO never try before.
u all can see...why people still keep buying at 1.66 and 1.67 much more....why? they not stupid...why already know price 1.92 drop until lowest 1.64....they still buy? think logically~
yes...we need to believe in it as the price is only up by 0.15 (11%) not so bad....don't panic selling. tomorrow will up back to at least 1.75, i believe.
Thanks for the advice guys. I've always been a long term investor. I only been playing contra for the past few issuances like Caring & BJAUTO. and I thought my luck would be the same for this counter. I certainly was wrong. I've got 15 mins left before the trading ends and I don't intend to hold this stock for longer (800lots) is a lot of money. So its either I will till tomorrow or sell before the session ends.
As i said closed at 1.67 is only up by 0.17 (only 11%) in the first day, it is quite reasonable, but it just that some were panic selling, if not the price should be even higher today. tomorrow my tp is 1.75 (reasonable target around 10% upside) given the tp is 1.86 according to some analyst.
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....
FrankyHot
33 posts
Posted by FrankyHot > 2013-11-27 15:19 | Report Abuse
I cut lost too, bought at 1.90 sold 1.74.