If you bought 1 lot @ 0.27 and held until now, you are better than the guy who bought 5000 lot @ 0.56 and sold at 0.58. Yes, in trading world, percentage wins > absolute amount wins.
The key point is the guy who manages to buy at lowest point and sell at highest point is the pro-est. Just like how PAPERPLANE sifu you managed to buy KESM at RM4.50 and kept till RM20 with 340% gain in 1 and a half year is absolutely fantastic !
Koon sifu taught me how to pick a winning stock. Paperplane sifu taught me the virtue of patience. Duit sifu showed me nothing is impossible with his ever mind blowing stock trades. Icon sifu gave me the strength to fight the bear with his recurrently defiance to succumb to the bear !
Now my biggest dream is to successfully long a stock like Pmetal from 0.70 to 6.00, Annjoo from 0.70 to 4.00 and Topglov from 1.60 to 3.30 as well as 3.00 to 6.00 !
Anyway. Good luck trading. If you feel right, no harm to add always..... My method is always avg up, not avg. Down. But always be prepared to set stop loss. Especially such mkt. Very scary the volatility
I would rather market stays volatile so that gem can remain beaten down and undervalued. If market up up up, every nice stock already jacked up. It is because this recession fear everyone gets the chance to buy Carimin at insane low price of 35 cents up to 45 cents.
Since Carimin depends on Petronas Carigali to cari makan a lot, serious investors should look at the quarter report of Petroliam Nasional Berhad at here https://www.petronas.com/media/downloads?category=financial%20results , so that to grasp more about how active Petronas is gonna expand their activities thus work orders distributed to Carimin etc.
The third quarter 2018 prospect stated "The Board expects that the Group's performance to show an improvement compared to the previous financial year. Even as the Group contends with more volatile prices, continuous efforts will be pursued to deliver operational excellence."
That's why Carimin stated "Despite of the volatility and drop in oil price, there has been an increase in project activities andwork orders." Because Petronas doesn't give shit to oil price anymore? haha
Personally I quite like this from Carimin Annual Report : "FY2018 was Carimin’s most challenging year admist the industry downturn. Today, the Group remains in a healthy position financially with a stable contracts in hand. Moving forward, the Board and Management are confident about the Group’s performance and strongly believe we will be back to being profitable."
From my observation, usually after Carimin recognized huge contract revenue for a quarter, the following quarter will have fewer revenue because most of its projects were nearing completion stage. That means high probability next quarter revenue will be lower than RM80m. The difficult part is we have no idea how much and when they will start recognizes contract revenues. So I expect revenue for every quarter will be highly volatile.
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....
pang72
51,591 posts
Posted by pang72 > 2019-01-05 13:28 | Report Abuse
Apollo is my new sifu..earn everyday....