Cold eye follower is very good to help me make some profit from Armada : 20% gain Mycron : 20% gain Prestar : 20% gain Within two weeks only Many thanks to all the money Now I fully understand why cold eye want to promote so badly everyday :)
my friend also bought armada at RM 1.50 due to margin call. his broker told hm down from the highest RM 3 something. why don't you buy Gtronic at RM 4.00 down from RM 6.50
I just remember my uncle told me just before the last election,parkson is so cheap at 5.20.....he told me every time parkson at this level should bounce back to 6.00.
No worry all this high risk counter I will usually invest 1-2k only I will treat it as coffee money if it rebound, it doesn't rebound I will cut loss instantly so more people can get margin calls later :)
The Gadang price chart shows the pivoting or turning point of its trend reversal was 88.5 sen. It dropped from a high of 132 sen which is equivalent to Rm 3.30 before the corporate exercise of bonus shares and warrant and share split. The price dropped 43.5 sen from 132 to 88.5 sen.
I have started 10 days ago buying Gadang at 88.5 sen and hope to gain 43.5 sen which is 43.5 divided 88.5 = 49% profit. As you know, Gadang started to drop when it announced its 1st quarter reduced profit of 6.5 sen eps on 27th Oct and most investors are expecting a better result for the 2nd quarter which will be announced before the end of January 2017. I expect Gadang price will continue to go up until it announces its 2nd quarter result.
The last closing price on 16th Dec was 98 sen, a gain of 9.5 sens, a gain of 11% in 10 days.
I have to decide when I should start selling to make profit.
MYCRON: Pivoting moment
The Mycron price chart shows the pivoting or turning point from down to up trend was 81sen on 7th or 8th Dec. It started dropping from Rm 1.16 per share. The high and low difference is Rm 1.16 – 81 sen = 35 sen. I started to buy it at 81 sen hoping that it will recover to Rm 1.16 a gain of 35 divided by 81 = 43%.
The last closing price on 16th Dec was 94 sen, a gain of 13 sen.
I have to decide when I should start selling to make profit.
My cut loss concept: is different from the FA & TA experts. As I continue to buy any share, the price will continue to go higher naturally. I will cut loss as soon as the price drops more than 10% of my last buying price. In this way, I am sure of making money.
As I said I will start buying at the pivoting or turning moment. But our most expert chartists would only recommend buy when the share crosses the 80 or 200 day moving average when the price has already gone up much higher. They will not buy even if its financial analysis is excellent because they want to be sure that it is really moving north. But by the time they recommend cut loss, I would have sold to pocket my profit.
Conclusion: What I said above is like blowing my own trumpet, very boastful. Luckily I told James Ong, my assistant what I did. In fact, one smart investor, under the pseudonym Stockmanmy wrote his article where he described what I did in i3investor. If you are interested you can find the article in i3investor as follow:
“ so you also want to become value investor (9) ? Pivotal moments and cut loss Author: stockmanmy | Publish date: Tue, 13 Dec 2016, 04:58 PM “
Many of friends asked me why I did not buy Mycron while I was buying CSC Steel aggressively. Luckily I did not buy Mycron because CSC Steel is a much better stock basing on basic fundamentals. Why should I buy a not so good stock?
Being the largest CRC producer in Malaysia has the several advantages. It can dictate the selling price of its products and all the smaller competitors have to follow because it can easily lower the selling price, being the cheapest producer, to kill the small competitors.
It can also save cost in buying larger quantity of raw material at any one time. Moreover, it can also save cost of transport which is an important consideration.
All I said seems like I am boasting but it is true. Although I am not a religious person, it seems there is an invisible hand constantly directing me what to do.
All I can say is my luck, I am lucky. The Roman philosopher Zennca said quote “luck is when preparation meets opportunity”
it is not the broker fault. it is up to how much u are investing, the more u invest the harder u can make a profit.a bit they give just like any game soon when u invest more and more u know the game.anyway for me I never listen to any broker because I have my own knowledge about stocks and know how dirty bursa is nowdays
Haha, i mean instead of providing the link, just copy paste the whole content as post. summore the link cannot link automatically. it wierd when i see nothing to read when i first clicked into this post. just a suggestion.
It is not about bursa that is dirty It is human psychology that driving this market Everyone want to be the first to enter the gem at lowest price When someone get it ahead of me, instead of following them and buy at a premium price, I will find my way to destroy their gain instead.
If I'm the last one to jump into it, I will definitely get crushed badly, so when you buy a share at low price please make sure to keep your mouth shut so no body know you bot it and no one is jelous about your return. :) It is the same rule like buy when everyone is fearful (or when everyone else get margin calls) Sell when everyone else is greedy (or when everyone else buy using margin loan)
You're playing with less than RM 2k each counter, easy to hit and run. As for some players, each counter at least RM 20-100k. Not easy to play like you.
buy and sleep is sure lose,just like in business as a sleeping partner because msia is a crook country.mostly everyone in the business world in msia cannot think of making money from other countries and channel the funds here,they only know how to cheat their own people
as for gadang it's up to KYY. if he want the stock to be 1.50 or 2.00 he and his gang to corner the stock. if he like it to be 0.70cts he just tell his gang to dump all
OTB has every right to defend himself against a malicious and foul-mouthed shit-stirrer
I think wet-behind-the-ears kk123 has to be banned from i3 for his disparaging remarks.
No body can be right ALL the time in Stocks; OTB is an old timer and should be respected. In fact, everybody should be respected and not be dubbed with degrading and obnoxious names.
Ask with respect, I'm sure OTB or any of our "mentors" here would be more than willing to reciprocate and answer you back cordially.
Takashi, OTB sir are special ma. i3 readers will not happy to see OTB sir comments deleted. Besides, Otb scold only the ill brad . (I3 u r allowed to render special standard to OTB).
Posted by VenFx > Dec 18, 2016 12:13 PM | Report Abuse
Takashi, OTB sir are special ma. i3 readers will not happy to see OTB sir comments deleted. Besides, Otb scold only the ill brad . (I3 u r allowed to render special standard to OTB).
Down from my heart, Charles T & Otb are respectable . Gentleman argument is ok lah ?
As long don't reveal who & whose girlfriend or daughter or I/c lah... That's a bit like use Big Rock to hammer out the alredy Death Crab lor. Cut my crap talk here, wish all of u a happy Sunday.
I side both from beginning, but I choose to out from the topic u debate heavily yesterday with Otb. I trust both of you, can manage well. Still considered as gentleman fight lar.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
stockmanmy
6,977 posts
Posted by stockmanmy > 2016-12-17 15:48 | Report Abuse
ven....it seems KYY has benefited from my articles, why not you?