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If this month is like any other month, then you probably right. But this month is different. This month is earning month. Many shareholder waiting for QR result which we expecting its going to be explosive.
The question is why should we liquidate our positions now?
If you want cheap, SerbaDK is on wholesale now.
people invest for future but currently they juz take theirs money 1st as keep cash better for now as recession is worse as mentioned in US .. rate becoming very high + etc and will effect a bit to company financial only just a bit i donno as im not really good in fundamental ..i believe all tech stock dont deserve this kind of drop..but people play safe..if youre true investor just holding your stock...oil become very expensive nowdays..many goods become expensive nowdays...
US is not in recession yet. Analysts call this situation as barring recession. And this situation is limited to US only. We are in different situation here in Malaysia.
1 Gasoline in Malaysia only USD 0.65 per gallon whereas in US its USD 4.00++ per gallon.
2 US currency exchange is getting stronger USD 1 = MYR 4.39 now. This will benefit manufacturers who export and use US currency as their trading currency.
3 We export more of our product to China and China recorded growth in their recent GDP.
4 China committed to meet their yearly GDP target this year. China has agreed to boost their stimulus package to do this.
5 Bursa has added DNeX in MSCI listing (Morgan-Stanley Global Standard Index) which allow global investor access on JPMorgan evaluation on DNeX for strategic investment in emerging markets.
i believe what u has said nazr... you're very particular...dnex is still undervalue but sentiment make the price go down..like i said many2 times before below rm1 is still a good price to enter...