Posted by babyuser111 > 1 month ago | Report Abuse

great update and info. Best things to is nothing while we wait proper pattern to form. But to me seems like will continue falling for tmr

Posted by DividendGuy67 > 1 month ago | Report Abuse

9.46PM Update. Just finished work, dinner, home chores. Saw the closing Price 66 sen and intraday low 64.5 sen. So, now we have:
1. New Resistance #2 = 69 sen, as today's price did not close above 69 sen.
2. New key low of 64.5 sen to watch out for tomorrow.

Downtrend is still intact. Knife is still falling as of today's close. Do Nothing. Wait until tomorrow's candle is printed. After work, reassess.

There are a few possibilities:
1. Price breaks below 64.5 sen and closed below 64.5 sen = Falling knife still intact. Do nothing.
2. Price breaks below 64.5 sen and closed above 64.5 sen = Indecisive. Do nothing.
3. Price does not break below 64.5 sen, but does not break/close above 69 sen = Consolidating. Do nothing.
4. Price does not break below 64.5 sen, but breaks above 69 sen and closed above 69 sen = Rebound attempt. Do nothing.

Especially if you already have a position much earlier at say 95 sen and is already having a full size like 5% capital, do nothing in all 4 scenarios above.

Wait until a high probability pattern appears, and then, make your next trade.

Be precise.

Posted by ivanlau > 1 month ago | Report Abuse

Good analysis article..........

Posted by dawchok > 1 month ago | Report Abuse

Big thks for the great comments and advise especially to those new players. Looking forward for more good articles from you.

Posted by Rose88 > 1 month ago | Report Abuse

Great updates and comments. Would be happy to follow your blog and the articles.

Posted by DividendGuy67 > 1 month ago | Report Abuse

Thanks. Today, I shared that I "tikam" CEB at 36 sen and 40 sen. I bought a dozen stocks quietly on Monday, Tuesday and Wednesday as I felt VIX was at an extreme a couple of days ago over 60 and felt that markets are going to recover. I queued more at lower prices but was not hit on many stocks. But roughly half are hit and that's good enough for me. Very lucky enough was hit. Now, nothing to do but just sit tight and let markets make new highs again.

36 sen is ridiculous price, given 16 months ago, the stock was IPOed at 90 sen and just 8 months ago, they raised more capital at RM1.07.

The dividend yield was not attractive when it was say RM1 since DPS is only 2.21 sen. But at 36 sen, the dividend yield is extremely attractive.

The stock NAPS is 47 sen. For a newly IPOed stock, trading below NAPS is crazy!

However, I really don't know if this is a superior or above average quality business as I don't follow this stock.

I tried to buy quality businesses but the blue chips prices hardly moved. I eyed CIMB and didn't get it - all the big banks seem to have only dip a little and recovered. Even TENAGA went back up to nearly RM14 after testing RM13. The recovery is a lot faster than I had expected, so, that's kinda nice bonus.

The stock is still downtrending, so, hopefully in the next few months or years, it will go up to retest its downtrend like channel. That's usually like a magnet if the business fundamentals don't deteriorate too much. Hopefully in a bull market, more stocks prices will rise and CEB included over short to mid term.

I bought 11 other stocks quietly too. Some you can guess because I blogged about it. This includes GENTING at 4.20 (hesitated and missed 4.1x) and a few others. The point is the past 3 days are good days if you believe this recovery is shortlived, as I have blogged about how VIX spiked up above 60 and came back down fast which led me to think odds are good that this might be short lived. Nearly all the stocks I bought during this time - I have confidence that in 3, 6, 12, 24, 60 months time, the gains will be nice ... The great thing about stocks with recovery power is that you can utilize your cash to buy them as they get cheaper. This past 3 days was only a small dip. In the future, there will be bigger corrections with better opportunities. Until then, nothing to do and "do nothing".

Cheers and best of luck!