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Supermax is a lame duck


Koon Yew Yin 2 Sept 2020

Yesterday I posted my article namely “Supermax: when to buy and when to sell” in which I said many investors would rush to buy Supermax before the X date 4 Sept for the entitlement of 1 bonus share for every 1 share held by investor. 

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I also said An old adage “It is not what stock you bought; it is when you sell that really matters”. Investors must remember that everyone wants to sell at the peak price but be contented if you sell a few sen cheaper.  

The Supermax price chart below shows that the price started dropping right from the opening bell yesterday. It looks like many investors are quite contented to sell a few sens cheaper. 

I did what I preached. I was quite contented to sell a few sens cheaper yesterday. I sold all my Supermax to buy Comfort and Top Glove. 

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