Sea angel, the wave 3 formation might taken time and no straight to RM 1.78. It can break to 5 more smaller wave. And if my assumption is correct, then it is forming now. I may be wrong . Only GOD will know for sure.

If the price drop below RM 1.38 then my calculation and assumption is wrong then I will cut loss and dispose all the JCY shares and TUTUP KEDAI and GO HOLIDAY IN JUNE. HA HA HA!

From my own research, if this level RM 1.38 can hold, then the is a possibility JCY is developing a new wave according to Elliot wave theory. With the high RM 1.58 be the wave 1 and now is forming wave 2 and I think Rm 1.38 should be the bottom of the wave 2 and if this is true and very soon we will expect to see wave 3 formation which is at least 1.618 time of wave 1 (1.58 - 1.33 = 0.25 ) so the target for wave 3 is around RM 1.38 + 0.40 = RM 1.78. From the above reason I still holding 259 lots.

By observing yesterday's buying actions, I noticed that JCY supporter (Buyers) 133, 333, 860 and 1000 lots all help to support it and make sure the price never drop below RM 1.38. So I do believe that the cowboys story is real. Those may be the ally that Lamken mention before. But may be the timing is not right at the moment due to global choppy market conditions. This is only my opinion.

Yes, JCY to rebound, strong support at RM 1.38 still hold. Good sign.

I also hope that will happen , I will follow jump in and hold as many shares as possible.

I sold 200 lots yesterday and still holding 259 lots, what I meant is today's paper loss only. 259 x 50 = 12950.

Lamken ooi Lamken, we trust you so much, at the end this is the rewards. another RM 12,950.00 paper loss.

At least RM 1.38 still hold and tomorrow will rebound.

Thisnis so call kong Fu fighting ! Ha ha ha

Very soon, all the cowboys will run out of bullets and they have to pay their price.

JCY got a very strong support at RM 1.38 (buyer 12654) dun worry.

Noted,nthanks

Thank you bro rookie my.

Bro bara, I should have trusted my own chart, when Jcy was forming a hanging man on 17 May and next day was confirmed by a bearish candle then I should have run but the mind set Is locked with the Mee goreng festival fail to react accordingly. Worst still driver by emotion and jump in buy some more sigh! If my si-Fu (Steve Nison, the author of Japanese candlestick charting techniques) know it he will vomit blood. I think I am his worst student.

I have paid 36k for this plate of mee goreng, this is the most expensive mee goreng in my life.

Bro Rookiemy, can buy alam for mid term play ??

Bro Horizon, In fact I have made around 110 k from trading JCY and now just loss back around 20+ k is ok for me. I still consider UNTUNG on this counter. Now is not about the money, I about the mental torturing and what for because else still got some many counter to play about. Bro Bara, you are right, I always make a lot of silly mistake and decisions but luckily every time I manage to run before the hole get bigger.

Bro bara, my share investment only about 20% of my investment portfolio I park 80 % of my investment in property market. after disposing 200 lots now I feel much better, It JCY go up I happy (Because I still holding 259 lots) If JCY go down I also happy ( because I can buy back cheaper) Either way. I am happy, Ha Ha Ha ! Very Ah Q spirit.

Bro Barack, say is easy, you try to put 700 +k and hope that it will advance but instead it turn south from RM 1.57 to RM 1.38 in two days time and I bet you, can you still sleep well at night ?

Bro Barack, I personally believe that what Lamken said is correct but the personl who goreng the shares showing another way. I have dump in 700+ k to this counter and now thing that the risk is to high and decided to cut loss. Just now just sold 200 k at RM 1.42. will wait till the price retrace further only reenter.

Bro Namoyaki, In fact look at yesterday's chart it seen like forming a bullish hammer and today's opening price also very beautiful but look at now the price retrace back and even lower that yesterday's closing. Today global market looks good and this is the time to have a very powerful push for the price to break last high at RM 1.65 and try to maintain at that level then people will rush in and buy. If the trader in the market start buying, those cowboys cannt do anything. And not keep on waiting to collect mother at the low price. LIke that the owner better sell down and push the price as low as possible and then take it privatize.

Bro Horizon, I agree with what you said. Just 2 time limit up then people will sure will jump in and follow. why need to waste time to play this type of game. Look at penny stock Harvest , what is the earning power and net value, it also can go up so high and people also no care and follow buy in. This is the Way to play mah.

I also feel very tiring in this battle, will consider exit JCY and buy in Padini. Look at Padini drops so much and it can also rebound so fast, this stupid JCY just playing ding dong ding dong. If want to push, push it fast and fierce, just like Csl push from RM 0.99 to RM 1.8+. Like that only goreng mah. Sigh ! Wasting my time here.

It seems the battle starts again

Today Maybank issue a sell call on JCY said downside target will be RM 1.30 and RM 1.07 respectively. The analyst have changed his Elliot wave count again ( This is the 3rd time he changed the wave count, so unconstant with his analysis)

I also notice that bro diablo88, the buyer actually cumulating JCY shares slowly. The process of buying all the mother shares from the open market actually take time. so we must be patient and hold tight to our mother shares while waiting for the mission to complete.

Bro Nkn1 1 lot = 1000 shares. If 1 lot = 100 shares then no need to worry so much.

JCY will turn green very soon.

Our 133 buyer today seems buying very slowly.

Yes, I fully understand your feeling and I also understand why you must have few hearts to operate at the same time or else withnbe short of oxygen.

Relax bro Horizon, I believe eventually it will go up again. Like me now holding 459 lots will a HUGE unrealized paper loss still got confident with Lamken.

bought another 59 lots at RM 1.44 and immediately it drops to RM 1.38. Luckily I have a very strong heart to withstand the pressure.

To play this counter, we must have a IRON heart that can take extra large pressure or else we will die of heart attack.

Will JCY retrace back to RM 1.33 again ?

This is because a lot of people think that the profitability is not sustainable in Q3 and onwards. That why they sell.

Sorry bro Usry, when the moment you asked me about the support of JCY I was busy buying JCY and no time to answer you. Today bought another 300 lots at RM 1.48 (You may say I m silly or stupid to buy at this moment but I dun care because I believe what Lamken said is truth). I will hold the shares until it become very expensive.

Lamken I also trust you and together we fight the war. Right now I just hold tight and put all my shares in PETI SEJUK. Ha ha. I believe at last we will sure win the war. To lost a battle is nothing the important things is the victory at the end. Besides I have holding power , not scare at all.

History repeat again, Same thing happen during Q1. Sigh !

fight till the end, dun care.

Sometime need to lost a battle to win the war.

Those cowboys sell like no tmr, prepare to cut loss.

It seems today selling pressure is too high, Hard for JCY to advance. Hope it can at least maintain the price at current level.

Lamken can you give the detail for appetizer 1. Keen to know what is it about . Thank you.

Huat ah ! JCY GO Go GO ....

One more option is somebody will appear as JCY's major shareholder which holding around 15% of JCY shares now that means the free float shares in market will be reduce to only 200, 000, 000. when the announcement is made this evening then the public will know for sure the free float numbers of mother shares in the market. and not going to have panic selling anymore. From now on the share price will advance.

I think JCY big share holder already SAPU a lot of JCY- CWs and also holding big % of JCY mother shares ( I mean the free float share which is 500 millions in the market ) after few weeks purchased from open market of course by using third party's name. and now may be JCY will announce an offer to buy back the balance shares in the market with high price to force the warrants to shoot up and use the money made from the warrants to pay back the balance of the shareholders. From this he no need to pay single cents but the cowboys are paying it.

will the cowboys sell down JCY tmr after the announcement of the Q2 result like Q1 ?? any comments ??

The announcement is about the second factory in China officially operating. This second factory is about 3 time the size of 1st factory. Is about 237000 sf. they spend about 45 millions to get the factory done.

Today JCY's strong road block at RM 1.55 (10565) and RM 1.56 (10215). Can it clear the resistance and continue the journey ??