John1234

John1234 | Joined since 2014-08-26

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2014-12-11 21:44 | Report Abuse

To gauge how bad our market is, one good barometer is to look at the postings on the thread "Regain capital, Chocolate Ship passengers", where all the punters used to congregate. Not a single posting in ONE month now.

Our market is short of buyers(punters & investors) now, so it is only natural that BJ Corp will drift lower..

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2014-12-08 23:46 | Report Abuse

When market is no good, there are more sellers than buyers. The operator will usually push it down to test supports...and collect. Nobody can tell exactly how low it can go... got to wait for it to stabilise first.

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2014-12-06 11:37 | Report Abuse

Nancy, pls avoid giving sweeping statements. Based on his vast knowledge of Malaysian shares, he could well be a Malaysian too. Do not let your ill feelings towards him misguide you.

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2014-12-06 11:02 | Report Abuse

Calvin, do you know that by giving a super high(and sometimes unrealistic)price target, you are inadvertently telling people to buy, even though you always argue that you never asked people to buy when PM Corp went up above 15 sen.

Ask yourself. Why are there so many forumers against you? I think it is because of your unrealistic price targets. Your super high price target reminds me of those sharks trying to lure retailers to buy so as to push up their stocks.

Pls avoid giving unrealistic price targets. It is for your own good.

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2014-12-06 10:26 | Report Abuse

Last quarter's result was just released. http://www.bursamalaysia.com/market/listed-companies/company-announcements/1817533. This month is a quiet month as most traders/investors go for their year-end holidays. Got to see how it fares in January...

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2014-12-06 10:14 | Report Abuse

This PM Corp thread has become a nobody's child. Look at the postings nowadays, hardly any. No wonder its share price is re-testing dangerous ground now.

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2014-12-03 08:42 | Report Abuse

On retrospect, credit must be given to a few forumers here that had given very candid views about the company. I salute them for their great insights. We need more of such inputs to balance out views.

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2014-12-02 19:05 | Report Abuse

In a market where market sentiments are so bad and buying is lacking, the operator could easily press it down to 'test' buying supports and collect as well.

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2014-12-02 12:04 | Report Abuse

After this market sell-down, market needs time to heal the wound(stale bull). Any rebound can be short-lived.

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2014-12-02 11:59 | Report Abuse

After this market sell-down, market needs time to heal the wound(stale bull). Any rebound can be short-lived.

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2014-12-02 11:30 | Report Abuse

As far as I can recall, PM Corp has not done well on its own merits, except for last year, when there was an asset disposal. Even so, assets disposal cannot do wonders, price still drops back to current level.

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2014-12-02 10:31 | Report Abuse

I think the operator has trapped more people in this counter this morning. Up to 30.5 sen and now back to 28.5 sen.

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2014-12-02 10:05 | Report Abuse

PM Corp owns some stakes in MUI. But when MUI went up on asset disposal news, this PM Corp came down instead to current level. What a real contrast!

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2014-11-28 15:59 | Report Abuse

Onboard a merry-go-around ride and now back to the starting point again...KLSE market is REALLY weak generally...

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2014-11-28 15:52 | Report Abuse

Seems like the operator is slowly pushing down this counter...

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2014-11-19 21:34 | Report Abuse

Today, Seal is up 5 sen with increased volume. Hope it can go up some more.

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2014-11-15 19:22 | Report Abuse

Seal has again broken its 200 days moving average. Based on chart, it could retest its Oct low of 74 sen on thin volumes. Any rebound, if not accompanied by an abnormal increase in volume, could be short-lived.

Just strictly based on chart-reading.

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2014-11-15 10:02 | Report Abuse

Much will depend on the 3rd quarter's result - whether there is any good news?

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2014-11-15 09:41 | Report Abuse

Oil was up 2% overnight in US trading. There could be a mild rebound in Bursa's O & G and ACE counters(including EA Holdings) this coming Monday. Let's wait and see if this happens...

Disclaimer - Not advisable for contra playing during this period. Buy and sell at own risks.

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2014-11-14 17:23 | Report Abuse

It closed at 14.5 sen. Got to depend on the general mood of the market next week...

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2014-11-14 15:00 | Report Abuse

Yes, overall market is no good, dampened by falling oil prices. Do not play contra for this counter during this period....

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2014-11-13 23:16 | Report Abuse

Calvin, thanks for the reply. I share similar concerns for PM Corp too.

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2014-11-13 22:38 | Report Abuse

Calvin, you have not been active in the PM Corp thread since your chief promoter quit her postings? Focus on this counter now?

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2014-11-13 21:21 | Report Abuse

This counter has 3 warrants in issue. There is always an incentive for the big players to push up the mother share, when the warrants(at least WB and WC) are in play.

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2014-11-13 20:51 | Report Abuse

Joey, why Feb 2015? Your gut feeling?

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2014-11-13 20:35 | Report Abuse

Today, it closed at 14.5 sen, amid broad-based selling in ACE counters(including IFCA MSC Bhd). Its next support is at 14 sen, followed by 12 sen(stronger support). Its NTA per share is 14 sen(as at end of 2nd quarter 14). After these few days of selling, there should be a mild technical rebound soon. 3rd quarter's result will be out end of the month.

Disclaimer - buy and sell at own risks.

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2014-11-11 19:45 | Report Abuse

Market is bad today. EA Holdiings also succumbs to selling pressure. Back to 15.5 sen.

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2014-11-10 19:28 | Report Abuse

It finally broke the 16 sen resistance before closing...

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2014-11-09 20:52 | Report Abuse

Even at the lowest point in October(during the recent sell-down), it did not drop below 12 sen...

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2014-11-09 20:35 | Report Abuse

We must be objective. In a bull market, if prices do not go up, how can we expect them to go up when the market falls into a bearish territory?

Of course, I would agree that their downside risks are limited.

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2014-11-09 19:25 | Report Abuse

After the recent run-up, this counter is currently in a consolidation. As to when it will run up again, it is just anybody's guess.

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2014-11-09 19:19 | Report Abuse

Mulpha and BJ Corp both share the same fate. Both are trading near the multi-years lows. Even with the bull market of the past 5 years, they did not perform well. Why?
1. Too many shares floating in the market. Stale bulls?
2. Syndicate or shark's deliberate attempt to hold them low?
3. Any other possible explanations? Or things that we are not aware?

General

2014-11-09 18:54 | Report Abuse

EA Holdings, coming back? Chartwise, it looks good, esp with increased volume and higher closing price last Friday. Might retest overhead resistance at 16 sen this coming week.

Disclaimer - buy and sell at own risks..

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2014-11-09 14:39 | Report Abuse

This counter seems to have lost its upwards momentum at the moment. It could not break RM 1.02 last Friday convicingly and ended up 0.5 sen lower at closing. Beware.

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2014-11-07 19:55 | Report Abuse

Chartwise, it looks good, esp with increased volume and higher closing price today. Might retest overhead resistance at 16 sen next week.

Disclaimer - buy and sell at own risks..

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2014-11-06 13:50 | Report Abuse

The momentum seems to slow down considerably today....

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2014-11-06 13:46 | Report Abuse

There seems to be good support at 13.5 sen. Buy volume replenishes at this price level currently.

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2014-11-04 22:58 | Report Abuse

Cassyee, now, the market focus is on when US is going to hike its interest rate...

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2014-11-04 21:39 | Report Abuse

美国 QE3 has ended. Japanese QE1 has just been launched.

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2014-11-04 21:25 | Report Abuse

Trading volume has dropped today...

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2014-11-04 21:18 | Report Abuse

Like it or not, the goreng master has this to say: Let me collect enough shares first. If you hold on so tightly, there is hardly any incentive for me to bid up the price for you to offload...

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2014-11-02 22:11 | Report Abuse

As shown in the Bursa filing, the bulk of the rights proceeds will be used as working capital. The rights are targeted to be listed by 1st quarter 2015. In between, this counter can be goreng up and down...

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2014-11-02 21:49 | Report Abuse

Monday up? It depends on whether the momentum is still there...

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2014-11-02 21:44 | Report Abuse

Do not be overly happy. The Japanese QE news was out on Friday noon. This could have already been factored into Asian markets. Of course, the goreng masters can still ride on it to goreng up shares...

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2014-11-02 01:10 | Report Abuse

2 possible scenarios for a share buyback:
1. Company thinks that the share price is too low;
2. No better way to invest its internal funds with a higher ROI.

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2014-11-01 20:40 | Report Abuse

According to the bursa filing(as above), the rights issue is priced at 10 sen per right. Correct me if wrong..

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2014-11-01 17:53 | Report Abuse

IFCA is a hot favourite now on GST theme play. Price has gone up many folds. It is probably too late to enter now. Got to wait for price retracements, if still keen to go in.

For more info, pls visit IFCA thread.

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2014-11-01 17:24 | Report Abuse

Yesterday, BJ Corp went up 2 sen, but its warrant went up 3 sen instead. Ever wonder why? The reason is simple. The goreng master is actually targeting at pushing up the warrant more, instead of its mother(smoke screen only). So, the warrant becomes the main driver.

Investors will never want to buy the warrant as the conversion price is RM 1, given that the mother share is only 51 sen..