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i have made a serious decision to sell genting due to the following
1) recovery stocks in US and Europe are peaking and falling already
2) massive new infections of covid globally.
3) Paris in lockdown again. German extending their lockdown.
with this i am off the boat, and all the best to you.
i dont know about gloves ching... but i think tech stocks which are beaten down are a better choice. in malaysia, my remaining stocks are electricity utilities, tech, banks, renewables, construction, healthcare and second tier recovery stocks which are still cheap.
the first tier genting airasia and airport i have sold all.
I boarded at rm2.98 now only people start boarding. fear was when it was cheap. now it's not that cheap anymore, and every guru and sifu is hyping and asking you to buy. Now is when everyone is so hyped about recovery stocks, all rushing in without fear.
and I'm the only fearful =)
That's why only less than 10% can win in the financial markets.
Congratulations to your profit earned. Please treat us a coffee for your wonderful profit. In return, we will treat you coffee as well when Genting reach RM8. All the best to you.
Remmeber when most of us collecting at around rm3, everyday see new post covid la, bankrupt la, tpdown to rm1~2 also got... *slow buys rm3 everyday* pretty quiet back then...
Pop... vaccine out, *frantic buy* XD
yup. so anyways, getting is a good company and I have no doubt it will be a good long term. Just need to diversify into more stocks, invest calmly, and rationally. all the best. signing off until next time
You all are guru , can buy at lowest point, i normal person, I only buy at Sep’20 and ave down, then top up again Jan’21 during MCO announcement. Not buy at lowest point . Plan to hold for few years for dividend .
I cleared all my US and Europe gambling, airlines, hospitality stocks last Friday, eg American Airlines, hilton, Marriotts, MGM, Las Vegas sand, TUI, IAG, TripAdvisor...
Today, Europe market opened and TUI dropped 5%, IAG dropped 8%, lutfhansa 4.5%, .. the list goes on. TUI is the world's largest leisure, travel and tourism company.
I will only buy back if it falls back to 3.8 to 4, as that area gives the best support and enough profit.
eg if buy at rm4, and if it goes to rm5 that's only 25% profit, and if rm6 that's 50% only. and its not easy to get to rm6.. genting has been on downtrend even before covid happens
i have already exited all my global stocks in airlines, casinos, hotels, cruises..etc 2 weeks ago. And now picking up technology, solar, medical, EV, wind, battery, AI, vegan, semiconductors, 3d printing ..stocks which have dropped the most... good companies, high growth, unloved for now but who knows a few months later?
a lot of people do not understand "buy when others are fearful" and using it in the wrong context. for example, buying a stock which has already gone up 50% or 100%, which is hyped by every Masters. another example is buying companies with uncertain future aspects, eg glove companies which we dont even know if it can continue to be profitable in the future.
lol make money quietly enough lo right @kelvin tan? or you're here to teach and bring in meaningful discussion? :)) and about the gloves statement, i got nothing to add. all i can say old habits die hard. a smoker will find it hard to quit, a gambler will find it hard to quit, a glove believer will find it hard to ditch.
transportation i dont dare. their earnings very volatile. reit i only have sunreit. the core strategy of my portfolio is still mainly renewables and tech
lol because long term one all sold so uptrend continuous. haha joking. Has been rejected by the flag twice a retest of 5.5 is seen 50% chance of breaking. if does 6.5 is the next tp