Days of crazy valuation are over for tech stock. If you still fail to accept this reality, you will lose big money in bear traps. Today is one of those bear traps.
Earnings 9 cents per share. Valuation being normalised to pe20. Tp price half than current price to 1.80.
After 1.80 it will be halved again to 0.90 for pe10 like it used to be for decades before the pandemic. It will suffer the same fate as the once bubbly glove stocks.
Looks like those waiting to collect at RM3 have to wait for a massive downturn of the sector Greatec is in. It can be a long wait, maybe 11/2 to 2 years from now?
rr88 sounds like an old stubborn guy that still tries to find old camera that uses films and thinks that digital camera/phone is overrated.
Do you also think that iPhone will eventually cost RM2K because it provides the same function as Nokia 3310 and hence it is overpriced? My gad some people, cannot brain their thought process.
It nearly hit RM4 today. Sometimes life is tough. Come Tuesday , many will have to decide: either to pick some and risk losing money when there is profit-taking OR continue to sit out and wait for it to come back to RM3 which may mean high chance of non-participation for the rest of the year.
For those who are long term players and have confidence in the management of Greatec, you are now sitting comfortably and watching the investment grow.
Nobody can predict share prices accurately, no matter how many TA jargons they use while commenting on their predictions. When you read those comments, ignore/stay away!
What doesn't kill you makes you stronger. Technology stocks have not retested low so i have bought into Greatec , D&O and Inari. It's a trading positions
obviously, the fund managers (including foreign) are looking at related stocks like greatech before they pick up and by that time, even 4.50 looks cheap
@Investmalaysiaa then don't buy any Malaysian stocks unless they're directly purchased by Bershire Hathaway. Such crazy comparison, irony that your username is invest malaysia. Warren Buffet was against investing in tech stocks because he don't understand it well enough, and as time goes, it seems he may have obtained more knowledge about the tech sector and selected a few good stocks for investing purposes. Look into the industry and see how Malaysian companies are competing in that space and then choose for yourself.
Bursa Techs Index is currently bearish due to development in Wall Streets. When it comes to bear markets, investors can take comfort from history, which suggests that where there’s a beginning, there’s always an end.
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....
YourQuirkyWays29
917 posts
Posted by YourQuirkyWays29 > 2022-05-31 17:31 | Report Abuse
Overall good day for Bursa with more counters about to close green instead of red, optimistic but got to remain very cautious.