So much losses from trader?
$KUCINGKO (0315.MY)$ hey guys, i didnt manage to get any positions in this stock. But how come i saw a lot of people lossing money when this stock fly high more than 100% on first day? Did you guys buy in when market open?
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JimmyPoh : I think so. Else impossible to lose at current price
钱钱来啦 : yes, many bought in open price of 0.82, and it dropped to 0.69 within a few minutes
Lucasy OP JimmyPoh : Really bro, that’s a huge risk to take. Greed is not good.
105358545 钱钱来啦 : open 0.805
104769182 : Only those who managed to get at the IPO price considered profiting over 100% since the IPO price is at RM 0.30, but those who entered later .....
Lucasy OP 钱钱来啦 : The hype should stop. Hope Malaysia traders learn to check company financial details before they blindly invest in ipo. Not every ipo will fly like that frozen food company (forgot the name: fresh something).
RandomTrader_ : People missed out on IPO thus buy when market open hoping it would fly higher over next couple days. Just didn’t expect it would go tumbling down so fast. Anyways seems like a rubbish stock, not even worth to be called as penny stock, will pass on this one at all costs.
Forever Learning : those selling is the lucky one that able to get the IPO price at only 30 sen. so surely they earn a lot. but for others who bought from them from the market lose money
Lucasy OP 104769182 : Ahh I see, tbh I knew it’s going to drop badly once market open. People usually take profit right away. It depends if you’re a trader or investor. If you really believe this company, this small drop shouldn’t discourage you. It simply means you get a chance to dip in a much lower price. If you’re trader, then you’ll panic for sure
Lucasy OP RandomTrader_ : Just like what I feel, I missed the IPO then I move on and find other opportunity
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