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It is on upwards momentum since is deep undervalued for long.. even if profit taking for a bullish stock very fast its will rebound.. same goes this morning index drop a while then rebound..
I am not going to sell Genting or GenM.. I am only gonna to short the index.. last Friday I short the index at 1,586 and this morning Index fall then close contracts.. I only trade future no trade shares as the brokerage is far higher to trade stocks.. I only invest in stock
I agree with Kyory, Genting and GenM has rewarded all who waited patiently - almost 6 months of looking at 'paper loss' for me. Good thing is that although can see the paper gain and not enjoy the actual profits, long term the dividend declared will be very high, % wise, for those who bought long ago and loyal to the stocks. since most stocks pay as a percentage of their stock price, the dividend will be relatively 'higher'. Now I enjoy seeing the GREEN figures instead of the RED figures in my portfolio
Good thing about future is not like market where you only can buy and wait the price to go up.. if you saw heavily overbought or down trend stocks live glove you can sell and buyback lower to gain the profit but I do not short sell glove stocks pr any stocks la
I just play index points when got opportunity.. my last trades of future gain is on last month then no opportunity wait till last Friday only I try again.. u cannot trade daily or frequent then become gambling.
on the glove, actually, the price drop for TG makes the Dividend very attractive now. around 2.5% return which I last calculate. If the price continue to drop, can consider to go in.. not to speculate but for the DY
I personally don't think RM4.50 possible.. if you say major profit taking around RM4.70 still have some possibility and if its able to close near or above RM4.90 then for its to drop to RM4.50 without changing down trend even hard..
thanks Kyory... for our brothers and sisters here, if you thinking of buying but worry, then buy for long term dividend and you wont go wrong. if you buy to goreng, then another story la... i bought this stock for its dividend... wont sell even if got big profit.... like some of the rest here i bought 100+ lots of GenM and Genting each... waiting for Uncle Lim Jr to reward me with dividend for being loyal la
Most welcome Sheh and Jeffrey.. remember when we are still holding Genting when it is at RM3.. we also not worry, what makes us worry now since its near RM5 and trend are still good to go up further.
@Kyory, my remisier says that gloves counter are a big risk now what with most fund managers are exiting these stocks and he foresee that come 1 Jan when short selling is allowed, the counter will face another round of falling prices. he warns me to think carefully before going to glove counter again
RM4.28 is relatively safe.. you think now cos it is still hovering at current price.. once its break RM5 and moving to RM6 then you think you buy relative cheap and if by end of 2021 or early 2022 if everything back to normal which share price go up to RM8 or RM9 then you think super cheap
just hold steady these 2 counters. newbies would hit and run on profit taking but if u analyse carefully these 2 counters have been faithfully giving out dividends. upcoming attractions and the gaming sure is a strong attraction for Joe public. even if price drop, will try to buy more and stock up.
Genting cluster detected is the old news where the EMCO on those apartments have enforce nothing special.. but profit taking gonna continue in the morning session due to the political instability and overnight US close lower.. however bargain hunting may occurs if big drop
Ya hope so.. but is healthy after major up with some correction to stage for higher by end of this week or next.. unless got what external bad news or unstable world market then out of our control
This is Old man stock just buy and Hold 1 year sure go back RM8 , if short term or contra player pls go penny stock or glove 。
Chinese New year Genting Hotel sure Full booking and JAM , Next year Q2 PROFIT Pat sure UP