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I am a long-term investor and I don’t buy and sell so often. Record shows that long-term investors make the most money. The reasons are that they have good foresight and patience which are the keys to successful investing. They can afford to wait patiently to buy or sell and they are not afraid to buy some more shares whenever the prices drop during correction.
From my long experience, I can feel the under-ground movement because I have seen similar scenario before. I looked closely at the last 30 minutes transaction before the price fixing at 4.40 PM, the price shot up from Rm 1.00 to Rm 1.45 with huge volume. That means the rich Fund Managers wanted to buy more and more because they believe they will have to buy at a higher price on Monday.
I advise those who have followed me to buy not to sell so quickly because I will continue to buy on Monday. You must remember it has a long way to go back to Rm 18 per share.