Koon Yew Yin 21 July 2020
Readers should know that I have been recommend to buy Comfort and Supermax when I started buying these 2 stocks a few months ago. Yesterday each of these 2 stocks shot up to established a new record high price.
Yesterday I have posted my article namely “Price Chart can help investors”. After checking the price charts which helped me to make investment decision, I sold Comfort and Supermax to buy Top Glove. The reason is that in the last few months, Supermax has shot up 920%, Comfort shot up 457% and Top Glove shot up only 382%.
There is an old English saying “I put my money where my mouth is” which means I do what I said. Another old English saying “I walk the talk” also means the same thing.
Yesterday I sold 2,521,500 Comfort at Rm4.16 and 1,057,000 Supermax at Rm 18.83 and bought 1,618,200 Top Glove at Rm 25.00. RHB Investment Bank Perak regional manager Mr Sim can confirm this transaction.
Those who have been following my buy recommendation for Comfort and Supermax might feel unhappy because I sold Comfort and Supermax. They should not be unhappy because both of the shares have made new high and they all have made a lot of money. I sold Supermax because it has shot up about 10 times in the last few months. In any case, I do not think its share price will drop because yesterday it has announced that shareholder will be given 1 bonus share for every 2 share you hold. I will buy back at cheaper price after the price correction.