Monday, July 02, 2018
Stock Watch : Malton
Malton : pumped from 56cents ... rallied 200% up ... check : WHY it was PUMPED up? WHY?
Then ... it retraced ... DUMPED. Ask : WHY it is being DUMPED?
Ask these questions first before you decide to buy into Malton at current price (around 50cents now, lower than 56 cents).
Next : Do you know MANY retailers stuck up there? Check this fact first. Retailers will buy in during the PUMP-period and many reluctant to sell ... even the uptrend is no longer there and LYING to themselves that Malton is under-valued or good fundamentals.
I went to i3-Malton forum ... some mentioning INVEST. I beg to differ.
First of all ... this is 2018. We do not INVEST in poor-sector in the tail-end of bull markets. If stuck, to me (disclaimer : wo men bu yi yang) it is cut-loss.
So ... those mentioned INVEST ... I do wonder ..do they mean : stuck ...then, buy more to average down and to WAIT for recovery of market sentiment ... and the surge in property sector?
I have shown properties-index : Chart do not lie ... it says : The whole sector overall is bearish.
Today's homework : Should I invest in Malton at current valuations? Yes or No? Why?
Note : I do not like property sector for YEARS now and will continue to be bearish in the sector. AVOID.