connie: actually in a sense, GPharos and SEAL is in rather the same boat.

Both posted tremendous turnaround in profits.

Only issue is sustainability as both companies track records is rather questionable.

Haha! To be honest, I know very little about waves.

Mexican ones, I do know a fair bit. LOL!

Connie: re gpharos.

If the management could maintain the profits achieved for Q1, then the stock is unbelievably undervalued.

A four bagger is not that impossible.... (hehe... and you are only talking about wave number 1. )

However, it's still a big IF and more so, we are talking about logging, a business which can be a bit unpredictable.

Ah... as they will say... no risk no gain.

LOL! This sounds so petty.

connie: what is this red flags thingy in this website?

A bit confused.

nch218: "Any one can comment on Gpharos? Next qtr result will be good as well?? "

I understand your concern.
You are afraid that the recent GPharos quarter result is a flash in a pan.

This is the link to that Q1 result:

http://announcements.bursamalaysia.com/edms/edmswebh.nsf/all/FC616250364842DA48257CF7005D84D5/$File/GP%201st%20Qtr%202014.pdf

If you read thru, you find no extraordinary profits and the cash flow showed some healthy cash increase.

Company said:

The Group has shown a favourable result in the quarter under review in terms of revenue and profitability whereby the revenue increased by 140% and profit before taxation stood at RM26.80 million as compared to a loss before taxation of RM0.29 million reported in previous year's corresponding quarter. The significant improvement was contributed by harvesting, sawmilling and kilndrying segment.

The main contributing factor:

The segment's operating revenue increased by 222% to RM38.84 million in the current quarter as compared to RM12.05 million reported in the previous year's corresponding quarter. The increase in revenue was contributed by the logs sales proceeds amounting to RM27.29 million from the concession of the Group's timber management subsidiary, Kumpulan Pengurusan Kayu-Kayan Trengganu Sdn. Bhd. ("KPKKT") during the current quarter under review. The six (6) compartments
in the concession were part of a land area in KPKKT's concession that was awarded to the Group's shareholder, Lembaga Tabung Amanah Warisan Negeri Terengganu ("LTAWNT") by the Terengganu State Land Office for mining purposes. In return, KPKKT was given the right to extract
and sell the logs therein.

GPharos is making a big profit turnaround from this logging concession.

Question now is are you positive about its logging prospects?

Also, given the fact that GPharos does not have a good profits track record at all, do you think the management will be able to sustain and maintain this profitability?

LOL!

I would say being patient is most important in stock trading.

You got to wait to buy.
You gor to wait to sell.

On the other hand...
some smart ass would declare being too patient as being indecisive!!!

hehe

connie: tonight's moon will be interesting. LOL!

http://www.vox.com/2014/6/12/5801196/tomorrow-is-friday-the-13th-and-a-full-moon-that-wont-happen-again

counters backed with stronger fundamentals, would most likely have a longer sustainable run.

those flimsy ones?
we need to glue our eyes to the damn screen...
can't afford to blink eyes too often....
cos we scared the operators might pull a fast one over us.... :P

connie: I always believe knowing some fundamentals on our own helps our trading.

In the case of GP...
there's a significant turnaround in the company business...
business is simply better...
profits is better.
Hence, one could argue that perhaps the current strong uptrend is justifiable.

I see you are in KTB.
GL.

Sorry but that stock does not excite me at all.

(Sometimes I am blunt for I do not know how to flower my comments and I just rather prefer to say things straight to the point)

:)

Ptaras looks interesting too.

connie: Not football and sadly nothing much worth watching for me.

I am not a daytrader or T+ trader, more of a longer term trader.

Right now, nothing much realy, really excites me, except for seal.

Gadang does look nice and it appears to found some second wind for the next leg up.

GPharos and LienHoe looks interesting too.

Morning connie. Any interesting stocks to watch? :)

Nemo indigestion? LOL!

Happy holidays connie.

A better case study in my opinion would be Salcon vs Seal.

A study of 2 S's.

LOL! I know, that sounds so, so ... errr ......

morning connie.

Whenever there is major disturbance in a stock chart, for example long candles with volume, or huge gap up (or down) with volume, I always try to seek explanation with events/news etc.

These movements are usually huge and normally no sane shark will attempt, just to feed on their beloved nemo.
As much, as the sharks want to devour their nemo, the sharks understand that it cannot have its feast all at once.
Sharks needs to be prudent too, you know. LOL!
They need to make sure their beloved nemo do not go extinct due to their own folly of having one massive nemo eat fest.

Metta: Hope you don't mind me sharing some 3 sen opinion.

Trading is like hunting for me.
And the prey (hopefully) is the stock and not us.
There are all kind of preys and each prey have their own characters.
Some preys are nothing but sitting ducks.
Many aren't.
Some are vicious, whereas some are cunning and sly.
And if we are not careful, the hunter will be the HUNTED.
This is why we, the hunter, needs to understand our prey.
The study of what a prey character and its habits is crucial for the hunter.
Knowing the prey's movements and understand what the prey might or might not do next, will help make the hunt successful.

In the case, of the stock.
As a trader, knowing and understanding chart patterns is a form of understanding the character and the habits of the stock.
Yes, for me, knowing chart patterns, is like understanding the movements and understanding what the prey might or might not do next.
However, as much as we, can understand these patterns, just like in hunting, nothing is ever a 100% gimme.
Despite knowing a prey's movements, knee jerk reactions can happen.
The unexpected can and will happen occasionally.

As much as we can know about stock patterns, it's never cast in stone the outcome.
Breakouts will happen as the rising (or even falling) wedge near its end.
Yes, in normality, in the case of the rising wedge, the stock tends to, in most cases, breakout to the DOWNSIDE.
But, breakouts to the upside can happen (but not as common as breakdown to the downside).

Think of more simple cases.
Why do we have triple bottoms?
Answer? The double bottom failed. LOL!

Can cup and handle patterns fail?
Answer? Although not common, yes, it can fail.

Alamak... as usual... too long. LOL!

ps: Here is the chart of GHL.
https://farm3.staticflickr.com/2911/14400434652_abc29313dc_b.jpg

My eyes could be koyak but somehow, it does not look like a rising wedge to me at this moment of time. ;)

Hello Connie.
Thanks for the welcome. :)

Actually, you can put some simple thinking behind Sona.
The two black candles that whacked Sona out of shape happened after Sona made its maiden acquisition announcement.
Well, we don't have to be an expert but that happened next clearly showed what the market thinks of the deal.
Long black candles done with huge volume.
Not a good sign.

IF there is prospect, the stock needs to DIGEST this sell down first.
Hence, being patient is simply the prudent way to go.
My 3 sen view.

By the way, some of the stocks mentioned, ie, Granflo, Penergy, Sern Kou and of course SEAL, could offer more productivity currently.

GL

I wouldn't get too gung ho over Sona.
Chart is beaten down quite bad.
Out of shape.
Yes, although, some might see the dragonfly doji today as hope.

If I have reason and want to enter a trade..
perhaps waiting is a much better option.
Observe how the stock perform the next one or two days is a much better option.

Sometimes it pays to be a bit patient when hunting.....

nch218: I think the recent 'good' news in Salcon could well be priced in.

After selling its water business, Salcon cash has been boosted and is left with 3 core business: construction, property development and the more recent venture into fibre optic.

It does not have good track record in the construction sector (which it tends to lose money) and it's still not known for its property development work.

Prospect is there for the property sector, since Datuk Eddy is now on board and his ties with Eco World.

All in, there is value and there is prospect but the earnings track record isn't there.

klsenewbie: OSK is trading in a very tight range. Better you wait for the stock to show you which direction it wants to move.

Hello everyone.

So happening here. :)