Disclaimer : This blog is purely written based on my opinions and not a buy-sell call. It is for edu-tainment purposes. Please consult the know-how. Trade at own risk.
Morning to second day of the year 2023 ... still got mood to blog. See how long I could sustain the momentum ...haha ...
momentum = mass x velocity .
MASS : heavier now at 76kg ... need to reduce to ideal 70kg this year target.
VELOCITY : picking up my slow-turtle pace, with 1-2 blogpost per day, hopefully.
Ok ... back to my thoughts on CRASHED stocks. CYPARK yesterday and HONGSENG today.
Bursa Malaysia's biggest movers in 2022 | The Edge Markets
Cypark : earnings down ... and stock price also down. Recently , private placement (PP) done at 38cents. Why raising cash? Not so sure but their debt level kinda high, not good to buy to hold. Pending breakout 50cents but unlikely after the not good QR . So, not all crash is a buy ...need to check WHY are they crashing ... and what are the risk ahead before we decide to be the investors in the company. The renewable energy theme is over anyway ...
I still remember when I took Samaiden (newly listed RE stock) and also Solarvest ... and Cypark too as these were in play ...back then. When was that? let me check ...
Yes, back in NOV 2020 ...when Samaiden was listed. This chart is adjusted bonus-issue ... as I didnt follow Samaiden since the TURN up there, I m not aware that it went thru bonus-issue , ya. Anyway, the chart Samaiden also very interesting now with potential of breakout too!!
Samaiden : pending breakout. Interesting.
Slvest : bottoming out too ... nah, won't be interested in RE (renewable energy) as it is not in play.
HongSeng : crashed ... pushed up crazily during the euphoric-feel in gloves as they going into gloves (reminded me of MahSing too haha) ... as most gloves stocks crashed, so ..HongSeng no longer attractive. hmm ... weird kinda retailers and punters.
