Most of the export counters went down because ppl worry ringgit value will go up after China pump in so much money. This is only temporary because Malaysia still has so many 'unsolvable' problems.
I have no idea the report will be good or bad, but it is a very common trading strategy, they will sell it off at marked up price before the report out. Its a way to protect themselves from the uncertainties. Buy or sell, its up to your risk appetite and strategy. If report is not up to market expectation, fall is a must, this counter has already overvalued, that's why people sold off today.
the price can go lower and lower, there is no bottom line. A stock can sky rocket to the sky, but it can also drop without gravity to the ground too ! So, do your math ...
Long term looks promising (main board), short term may get see-saw (report, overall sentiment, macro-economic factors). It is expected already in this stock. So I'm thinking (unwisely) to add some more.
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....
Mohd Fahmi Bin Jaes
29,190 posts
Posted by Mohd Fahmi Bin Jaes > 2015-11-24 19:08 | Report Abuse
Still no report today. Have time to top up and buy