For the USD500 billion debates, please refer to this:

http://www.forbes.com/sites/ericsavitz/2012/04/12/seagate-ceo-luczo-on-drives-zettabytes-flash-and-his-tattoo/5/

It's fifth page of the total 9 web pages of the Seagate CEO Luczo interview by Forbes. Check out the section following the question "Q: And demand will keep ratcheting up from there.", the USD500 billion was mentioned there.

This is not original from the director in the BFM interview, but he quoted something said by Luczo, the CEO of Seagate.

Do read all the interview, if you may. It's helpful to earn more knowledge in the HDD industry.

Forget it, sharemarket is irrational, don't want to screw my mind for why something happens in sharemarket. Maybe, something happen next week will explain what is happening today.

Now ends the price matching, at 1.47.

If not much shares are traded within the last 10 mins, that will prove my hypothesis, this is a battle.

Third, why 1.50? can TA expert share what the 1.50 means in graph?

Second, if the defender knows someone is so eager to sell or, the reverse, if the seller knows someone is so eager to push up the price, why won't both sides wait until the other side to get to their destination, then they can collect at lower price or higher price.

I don't see this is happening, I just see sells and buys, blinks and blinks. That's is not reasonable.

First, I rule out the possibility of "volume creation" trick, as if left hand sells to right hand trick will need quite big number of queue on the left and right, to avoid somebody cut queue.

So, if this is not left and right exchanges, it must be assault and defend.

14 million at conservative estimation, this is a battle.

rookiemy: check from online trading software, using "tracker" function

I don't have much interest on this counter, but when we trade, we do feel that we need to learn how the sharks operate, then the next time we face the same situation again, this lesson might benefit us.

I am thinking, of more than 20 millions of shares traded right now, assuming no one is playing both as buyer and seller, then who are the buyers and sellers.

The defender defended at +/- 1.50, seller dump the shares.

I did a sum, the shares traded from 1.47 to 1.51 as of 4:12pm were more than 14 million.

Who the hell you think can absorb that many shares?

I assume The cowboys and panic sellers + profit takers = the sellers.

Then who is/are the big guy defending and buying all the shares?

But, "Who" might not be important, "Why" is important. Share your mind.

I can not think

TA wise, technical rebound is due to come.

FA wise, if you believe the Q1 RM162m profit is going to repeat in rest of year 2012, the current share price is traded at 28% discount to fair value of RM1.90 (at conservative 6x PE), you have potential earning of 39%.

New CW for JCY (JCY-CH)

Issuer : CIMB
Issue Size : Up to 50,000,000 JCY CW
Exercise Ratio : 2 : 1
Exercise Price : RM1.30
Issue Price : RM0.150
Issue Date : 4 April 2012
Tentative Listing Date : 5 April 2012
Expiry Date : 29 March 2013

New CW for JCY (JCY-CG)

Issuer : CIMB
Issue Size : Up to 50,000,000 JCY CW
Exercise Ratio : 1.5 : 1
Exercise Price : RM1.40
Issue Price : RM0.150
Issue Date : 4 April 2012
Tentative Listing Date : 5 April 2012
Expiry Date : 29 November 2012

New Warrant for JCY (JCY-CF)

Issuer : AmBank
Issue Size : Up to 100,000,000 JCY CW
Exercise Ratio : 2:1
Exercise Price : RM1.22
Issue Price : RM0.150
Issue Date : 3 April 2012
Listing Date : 4 April 2012
Expiry Date : 28 February 2013

For those still hold JCY shares, there are two possibilities for the rebound:-
1) Q2 result. As covered by press, the Management of JCY is optimistic on delivering good result in Q2, so I assume it will not be worse than Q1. Current share price is doing only P/E of around 3.5.
2) Privatisation. In which this has been a rumour for JCY for quite a long time (I am not saying it is happening but it might happen). Privatisation is common when a share price is not performing and reflecting its real value (e.g. Maxis in the past) and privatisation for JCY is EASY because the major shareholder controls more than 74% of the total shares. Let's assume a privatisation price of RM1.50, it is 37.6% premium given recent share price. But if JCY FY2012 result can deliver RM600 million, it gives to roughly RM0.30 per share, which means effectively the privatisation cost for the major shareholder is ONLY RM1.20 per share, sound like a good deal right? Good deal to the major shareholder and to minority, perhaps.

Some people are still expecting the approval of share buy-back at AGM will correct the share price, for clarification purpose, JCY can not do share buy-back at this moment because its public shareholding spread has dropped to below the 25% requirement.

Share Buy-Back concept correction:

Most companies do share buy-back because it thinks that the share price performance is NOT up to the expectation of the companies and thus they want to reduce the free-flow shares in the market.

Share buy-back will normally bring boost to the share price, because:-
1) Market confidence. As the company itself also thinks fit to buy its own shares, that is an indication that the share price must be fair or undervalued and justifiable for a buy.
2) Reduced free-flow public shares. So that lesser shares in movement and supply of the shares in market will be limited. Assuming demand of the shares remains the same, with lesser supply, the price will go up.
3) Solvency. Company must ensure there is sufficient cash reserve to pay debts before it can buy-back shares. A Company capable of buying back shares is at least free from risk of default in short term.
4) Increased EPS. Computation of EPS will not take the shares bought-back by the company into consideration. So with more shares (treasury shares) held by the company itself, it means more profit will be enjoyed by each other share in the market. Also, the company will not receive dividend for the shares held by itself as treasury shares.
5) Bonus shares. Shares bought-back by company and held by the company can later be paid as bonus shares (free shares given to shareholders).

For upstairs:

Year Estimated EPS (MYR) (09/2012) 0.2050 = JCY is estimated to earn 0.2050 per share in FY2012 (ended September 2012, so coded 09/2012), or equivalent to RM420 million in the year

Estimated P/E (09/2012) 5.7561 = Estimated P/E at current price divided by Estimated FY2012 EPS (meaning Share Price / 0.2050, so it uses RM1.18 as the share price)

The post did not indicate any Target Price, but does supply you a comparison of relative P/E for FBMKLCI of 10.0774, meaning JCY P/E is well below the industry average, suggestive it may have rooms to move up.