LCL fear of facing more default loans
LCL enterprise became the first hit by the Dubai Financial crisis Malaysian company, declared itself unable to repay Affin Bank and BIMB Bank on schedule of 72 million ringgit of debt, analysts expect more bad news from LCL in the coming months, including the emergence of the other default loan. Since Affin and BIMB also affected by the bad debt, please do not buy these 3 companies' shares in the mean time.
A reminder again, please don't touch LCL because it is cheaper now. Do you think any body bought LCLs' shares on last Friday? Of course there are, otherwise who bought the LCLs' shares from the sellers? There were 414588 lots transacted last Friday, those people will regret now after they acquired the stocks. They will pray for LCL's stock price to rebound tomorrow. Do you think it will rebound any time soon? So I hope all our investors who log in to this Blog can learn something from here. Cut Loss! Cut Loss! Never average down, never buy a stock when its share price getting cheaper and cheaper.
