However, Joshi and Richardson shared a view that the weak performance of the new government and companies have weighed on sentiment so far.
Richardson said he is bearish on Malaysia stocks not because there is a downside risk, but "just that there is nothing to be positive about over the next 12 months."
if down will short it again...i have short facilitied....short without ticket and return ticket by buy back ..these 2 days i done this...since the banker stop goreng Ercl counter....may be today can short it again...
When peoples are selling ,we should be buying,so we can get at a bargain price,thats no point when peoples buying and you chase,this stock will not drop much,
Expected, last friday done is 50 millions units on 0.60-0.635, so today is T+3 due, many have to force sell, 2 0r 3 cents drop is nothing for 60 cts stock,
many bought on contra expecting every day the price to go up,those who sell you know they bought on contra,why yhey have to sell now, wait for a few days will rebounce,
this is good so to teach them a lesson if they cant hold the share, thats why they lost money ,all players buy on contra will never win in the stock market,
agreed. only extremely few contra players could make money. the rest are gambler who only buy on share price basis. what they care is just price up and down.
I'm planning to come back in. Econ may touch 50sen in short term if no news by the gov, it is time to move to non construction counters. Will only start collecting if touch 50 again as this coming quarter will still be bad, watch out.
I told you all don't be so confident ECRL might flip prata every time ! You all know our dearest PM one lah! If he peg our Ringgit to USD again, I expect TP 1 cent for Econpile
Don't worry people. Cut loss now if short to mid term, hold if super long term. Wait for 50-53sens. Every other construction stocks got more to drop if compare their current price and January price, so I dont expect econ to recover anytime this year unless MRT3.
Those with no confidence can sell as you wish,as it is your money,for those with confidence will stars accumulating, you can see your self ,what ever they throw was absorb by investors ,about 10 millions plus,try see how much they can throw,
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....
nckcm
2,726 posts
Posted by nckcm > 2019-04-16 20:37 | Report Abuse
However, Joshi and Richardson shared a view that the weak performance of the new government and companies have weighed on sentiment so far.
Richardson said he is bearish on Malaysia stocks not because there is a downside risk, but "just that there is nothing to be positive about over the next 12 months."