Jaks Resources - What You Should Know About DK66
Recently, some i3 members casted doubts on my sincerity and questioned my intention of promoting Jaks Resources, again.
Therefore, I have decided to write an article to clarify my purpose and intention here as the article will remain on the headlines of Jaks forum so that newcomers can be alerted and warned.
I m making my positions clear and precise.
Who is DK66 ?
Just an ordinary ex-auditor with accounting knowledge and ability to perform financial evaluations. Not an insider and no connection with major shareholders and directors.
My position ?
I own shares in Jaks, and it constitutes 90% of my investment portfolio.
I started buying Jaks more than 2 years ago from as high as RM1.40 to as low as RM0.43.
My average cost is about RM0.70.
My average cost for warrants is about RM0.23.
How big is my position ?
With current daily market volume, I can dispose all my holdings easily and the price will hardly move at all.
Why I bought Jaks ?
Solely because of its investment in Vietnam Hai Duong Power Plant. I did not consider its domestic operations.
Because I believe Jaks will make me very rich and my family will live very comfortably.
Why I share my research and promote Jaks ?
Because I own shares in Jaks.
Because Jaks is widely misunderstood. Many Sifus had doubted the potential of Hai Duong power plant. Therefore, I believe Jaks' valuation will be better by making known of its future potential,
Because I believe in doing good deeds, and I feel joy when readers appreciate my sharing.
What is my advice?
1. Read all you can on Jaks Hai Duong Power Plant, and
2. Read all my articles and carefully consider the information presented, and
3. Consult your remisier, and
4. Buy with spare money you can afford to lose, and
5. Plan a cut loss strategy.
What is my target price ?
My first target price is RM2.50. I will only reveal my next target price after the first target price is hit.
I made a strong call to buy when the price was below RM0.80 and I strongly discourage buying above my first target price.
Historically, Jaks share prices were very volatile. I would strongly advise a cut loss strategy especially if you are buying at higher prices.
Will I buy more ?
No, I have enough and I want to keep my average cost low.
Will I advise readers here to sell ?
Yes, but sell at your own risk.
Could I be wrong ?
Yes, I could be wrong, totally wrong. All my projections and evaluations could be entirely wrong even though no one in i3investor yet able to credibly point out my errors to the date of this writing.
Therefore, you owe yourself the responsibility to carefully consider all your investment risks.
Remember, trust no one but yourself, all information obtained from i3 can only be used as references at best.
I wish you all the best in investing !
Happy Winter Solstice , 冬至快乐 to everyone !
DK66
P/S: I hope this will stop more from second guessing my purpose and intention in Jaks forum.
https://klse.i3investor.com/blogs/Jaks%20resources/2019-12-22-story-h1481884872-Jaks_Resources_What_You_Should_Know_About_DK66.jsp
