Have managed to purchase Genting at rm6.35 today. Looking at the current market sentiment (slump by 33points), is definitely not a good move to go in but as a longterm investor, this could be the opportunity to catch some of the quality stock. For sure no one can get the lowest price, if you think this is the right move and your instinct tell you so, by all mean, go ahead and execute it without regret. Here i am, additional Genting in my portfolio. Whoever holding cash now is king. Till then, happy trading.
7 comments:
You lucky fella. I also log in at 6.35 late this afternoon but didnot get it done.
However, I got myself PBBank at 9.95. May be it's again a falling knife we catch. But if the world makrte do not hit an avalache, i think it's a bargain buy. I am also holding onto it long term.
elmo1988
haha, elmo1988, very true, it might be a falling dagger that we are catching. Like what you said if the world mkt not hit an avalanche, this catch could be a different story altogether. Anyway, no one knows the future, one could only estimate and make assumption. It is this kind of fall that provide opportunity else it just hard to keep buying up. We have to act otherwise sometime, when ppl throw we catch, when ppl catch we throw. If market turns good tomorrow, might want to take a quick gain again, then again wait for next opportunity. One need to be very patient in dealing with stock.
Notice that your taste is more or less like mine, good one dude. Try to take a look at IOICORP, might be a good one to catch at below 7.00. Anyway trust no one, try to judge yourself. May the best price be yours.
I once played oil palm stocks. I have unloaded lots of my platation stocks last year with some gain. Got some beef steaks but lost the herd of cattles!! Got into Asiatic at around 6.00 sometimes in the middle of last year and unload them at 7.10-7.25 end of the year... but it keeps moving up! SAme with SOP.
Now I think the price of palm oil is getting too high. If I am going to believe our minsisters prediction that it will go over 4,500. I may be seeing cows flkying over the moon. Once the winter is over and the cotton, sunflower and other vegie seeds starts to come out... we might be caught off hand holding onto the plantation stocks at skyhigh price.
I think we will not be able to expect bad winters year in year out in china and USA. I am crossing my fingers for now.. on plantation stocks. I may be wrong.
I should be buying in more this afternoon. The index was down 33+ points! I've only used up 20% of my cash reserve this correction. I am waiting to get into BJTOTO at 4.75. Very tempted to buy back late this afternoon at 4.90 for what I unloaded at at 5.15 last December. You know, there is this greed factor in me.. what if it dropped more tomorrow!! If it goes down tomorrow, I am definitely in the market. I am not going to let Vincent Tan get away with this chip. He has bgt tons of this at above 5.00RM and I think the time is ripe for him to do the frying again! Just keep my eyes sharp. If it flies off tomorrow I am going to bang my head against the wall!
Also waiting to buy back my Resorts I disposed off at 4.00RM.
Wish both of us lucks...
elmo1988, market again prove us wrong, miss our chances again to buy in more. I wanted to buy back resort that i sold at 3.86, looks like got to wait for a while. About BJtoto i also noticed that VT bought a lot of his own share, some thing fishy going on ??
I'm disposing my Genting for a contra gain today.
BJTOTO declares 8sen dividend lower than previous year of 12.5sen.
elmo1988, Bjtoto started to inch higher. Have you gotten any BJtoto for yourself ?
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