haio keeps its up momentum
it is again my portfolio allocation time. today it is RM4.8 having increased from my last buy in price of RM4.15. just yesterday my friend has bought in at RM4.6
i've actually tried to buy in , but stuck with the super lousy CIMB clicktrader trading platform. i vow that until they improve their service, today will be the last time i will use clicktrader to buy stock. the system is super slow, unresponsive, and makes trading so cumbersome, inefficient, and next to impossible. Mind that i'm using a T1 line, of which the speed bottleneck is not on my side. the platform also hangs on firefox. I deem all this as unacceptable, and a shame on a big bank like CIMB.
actually, haio profit is good, but the momentum of its stock price increase seems something too bullish. anyhow, it is my portfolio plan to include it so i think i won't about its short term price increase. as such i will buy in.
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i was hesitated to buy in on 7/7/2009 which was at price RM4.6.
1. i monitored this stock for a while started from RM3.2 that i do not believe that is the sweet price for me to get in. My target was at RM2.8, but in fact it never hit below RM3.
2. Some concern i have was the bullish momentum even slightly drop in EPS and revenue QoQ. It does not seem to be real for me.
But eventually, i bought that in at RM4.6 on 7/7/2009 after few week of rally. If you really think about it, it is a very good biz to get in. A good biz that could provide quite significant profit in this kind of environment.
Something to think longer term, what happen if the market really boom...? Bottom line, i feel happy to have this biz in my portfolio as for now :)
I bought it during last year before i have training at Germany. It is about RM3. at that time, i cant find a reason not to buy it because it dividend yields 32/300, 10%++. so, less than 3 months i can get 10%DY without considering the price drops. Price keeps on dropping till RM2.90. It hits 52 week low. I calculated the DY, it is even higher than previous. So I bought in. It ends up with average cost RM3.00. Now, it is about 69% return inclusive of dividend and appreciation.
lots of my friends have always think of waiting a stock to get lower than certain price to go in. nothing wrong with that. but based on my experience, most of the time that won't happens you ended up no chance of buying it, or u will still eventually buy it at higher price.
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