This is a subsidiary company of Genting and the darling of the stock market presently. Everyone is now talking about this counter. In the last few trading days, the stock shot up from 48c to 84.5 for a gain of 76%! The speed of the uptrend is incredible and too fast for comfort. People are now mesmerized by” the greater fool concept”. It does not matter how high I buy as I can always find a bigger fool than I to take over.
Once an uptrend starts, it can go up and up. But it can also reverse direction when you least expect it. If you wish to join the fun and ride the wave, don’t forget to use your stop-loss and a trailing stop-loss.
Be not the last to buy and the last to sell.
A fool’s paradise is only good for the time you keep on dreaming. Now is not the time to throw caution to the wind.