$CityDev (C09.SG)$ Today is more of profit taking and contra...
Today is more of profit taking and contra selling. After that, it will rebound as the 2nd rate cut in Nov/Dec is another 0.5%. I believe it will continue its uptrend after the flushing out. This stock is undervalued compared to its RNAV. Hold long term will reap profits. I don’t advise people to gamble or do day trade on any stock. The stock is already cheap and I don’t see any need for holders to sell and cut loss by listening. to other people comment. WB is a long term holder in stock. He can stomach short term loss. Over the long term, he will be the winner, as the longer he holds the stock, the risk is getting lower and lower. Don’t have to bother the short term noise.
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Qing2ming : Follow up![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Deep Sea OP : There is also short selling on this stock today by some players. That’s why it drops 16 cents.
Deep Sea OP : This is a blue chip stock. No need to worry. Just hold long and ignore the noise. When the time comes, it will rise.
taylormartin : Hold til $10
Deep Sea OP taylormartin : $7 is possible..I don’t dream of 10.
Faye LXF : Hold!
taylormartin Deep Sea OP : Ya. $10 is many years ago. I think $7 is a more realistic target by next year.