When to buy Tanjong PLC stock again? That’s the question I will ask myself after sold Tanjong. Hmm… I just sold Tanjong at RM16.66 on 6th November 2009. That was a good price for me. Why? Tanjong cannot hold on high price based on pass historical record. It will drop after hitting highest point. As expected, it dropped back to RM16.12 after hitting RM16.72.
Back to the question, when to buy Tanjong PLC stock again? Any price below RM15.50 will be attractive to go in again. Let’s wait for it to come… 
Every investor always asks this question, ‘keep or sell’. For me, I have no confirmed answer to it too. I set a target price when I buy stock. And I will sell it when the stock hit my target price. However, you might earn less when you sell too early like my Mudajaya case. Or set too high target price like my INTC case. And end up earn nothing.
Tanjong PLC past 2 months performance
I have 2 target prices for Tanjong ~ RM16.02 and RM16.74. The first target price should be easily hit with sudden high volume. But men are greedy. So do I. Should I wait for RM16.74? Or sell it at RM16.02? I don’t want to end up like Mudajaya and INTC cases.
Are you buying stock at FBM KLCI currently? Or you are selling them now? Well… There is no exact right or wrong answer for it. It all depend on own perspective.
Quote from OSK Research…
There is still room before the market reaches the 50-day MAV line. Hence, there is still a possibility of the market retracing all the way to the moving average line from the recent peak. Anyhow, our view towards the near-term market will remain firmly bullish as long as the 50-day MAV line is not violated.
Quote from Maybank Investment Bank…
Tactically, all investors should dispose of their stocks and reduce their positions as the autumn period of great downside volatility will continue. The American and global markets will be under heavy selling pressure and may crash in large daily percentage drops. So, local investors may want to ask the question “Why buy now”? – as we expect significantly lower prices in the next month or two. For funds that maintain the select band of counters that prop the FBM KLCI up, any and every rebound would be an opportunity for smart investors to sell at better & higher levels. SELL! SELL! SELL! Don’t BUY anymore.
So what is your opinion? For me, I just bought some value stocks. Just want follow the famous investor, Warren Buffett who buy stock at the value price, or even better undervalue price.
I owned MUDAJYA 5085 last 2 weeks. I sold it at RM2.00 which I thought was good price. However, I was wrong…
A sharp increase in stock price
MUDAJYA 5085 performed better than expected. The stock price increased 50% in 5 days (just after I sold it. 
) Well, is MUDAJYA going too far already? Nope, based on OSK Research. It revised MUDAJYA target price to RM4.06 on 6 August 2009. If this is real, MUDAJYA still have lot of up side to go.
What do you think? Buy it or hold on because the sudden 50% price increase is too much already…
Yup. Mudajaya Group Berhad is a bright new star for me. Don’t know why that it caught my eyes and make me to invest on this Construction & Engineering stock. Anyway, I own some of it now ~ a very little. OSK Research made a buy call with target price of RM2.13 (up from RM1.90) and S&P Equity Research made a strong buy call (since February 2008) with RM2.20 from RM1.80. These research firms revised the upside target price so many times. Will MUDAJYA 5085 stock price still go up? Yes, definitely! But how much, that’s the question…
MUDAJYA 5085 stock price from June 2009
Guess what? Mudajaya Group Berhad just got another new project. See below announcement taken from Bursa Malaysia…
The Board of Directors of Mudajaya is pleased to announce that Mudajaya Corporation Berhad, a wholly-owned subsidiary of the Company has on 28 July 2009 been awarded a contract for the construction of a hospital in Pahang for a total contract value of RM75,388,000.00 (“the Project”) by Mudajaya-Takdzim Joint Venture, which was awarded the said project by Takdzim PMC Sdn. Bhd. on 27 July 2009.
Back to the question, how much can MUDAJYA 5085 go up? The price is RM1.79 as at 29 July 2009. 
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