Actually Systech is a good stock with good prospects like IFCAMC. Although currently it is still far behind, I have a feeling Systech will slowly move up. The reason why Systech is down is due to the following reasons:- 1. Cny profit taking. 2. QR report is out. Sell on news. 3. Long holidays. 4. Many investors are on holiday. Volume is low. 5. Contra players selling. Herd mentality.
After CNY Systech will resume its uptrend based on the following reasons :- 1. Oversold position 2. QR report is good meaning future will be better with contribution from Sysarmy. 3. Dividends declaration. Expect another 5% or more. 4. GST play. IT stocks theme. 5. Small share issued. No warrants. Easy to move up. Very liquid. 6. Profit making company. Double digit growth. Guarantee up in a matter of time. 7. Long term play for player who wanted to hold and reap better rewards.
@richkid thanks for the good vibes.. i agree with you. I choose Systech bcoz their fundamental is strong & I came from an IT industry background thus I know the potential of this stock.
Same like IFCAMSC but I miss the boat due to improper advise from others. BUT anyhow in stock market as we now there is no all time UP or all time down, you win some, you lose some..
but most importantly is to be able to resist & stay persevere when things dont seem to go your way & to celebrate and move forward when its moving up..
I am a newbie here where I started to trade just 2 months ago. I can see that our stock market relies quite heavily on US stock market. So this will be an indication if you need to sell off faster to cut loss and preserve your capital if the trend is bearish/downward and to let the profit to run for a while if the trend is bullish/upward.
Anyhow most importanly is your expectation/budget of how much you wanted to profit from it. Daily RM100, RM200, RM500, RM1,000 profit is all up to us.
Cut loss at 2% (of capital), 3%, 4%, 5% is also all up to us.
Just my 2 cents worth and I am no expert here but just a newbie to trade and learn from all.
@Raydiant Correct...Cut your losses short and let your profit runs is true. Depending on your capital and risk appetite and Short or Long term play. You also need to be at the right place at the right time. Timing is important.
Remember when you are at the time when IFCAMSC was 40 sen and you buy 200 lots, you are a happy man now, right? But when IFCAMSC was at 90 sen and it fell to 65 sen, did you sell? It is all about the up and down that frighten investors out of the equation. Some will sell at a loss and did not go back and now IFCAMSC is already $1.20 and they regret.
I believe Systech will be moving to 50 sen but now it fell from 39.5 sen to 32 sen..should I panic and sell ? It is all about decision making. You can sell and buy back later or you can ignore it and hold until it is up to 50 sen.
Just don't blame anyone as each individual have their own trading plan and we share info. There should not be knife stabbing or blame game when things are not right. Up and downs are normal.
@richkid: Bro, I think for those who want to play contra then just take profit but for those already picked up and look for more money then should wait at least reach 0.40 ++, right?
@esl_22 You need to cut loss fast if you are a contra player just like what Raydiant pointed out. To preserve your capital. Contra players are like guerrilla fighters. They got limited resources. They normally hit and run. But if you are a long term investor and you know your long range is 1 year or 2 years, why you want to worry about the few sen drop? And if you sell now ( if you buy at 38 sen ) you lose a lot since you didn't sell earlier. Now it is only paper loss. Just wait for another quarter. I am sure when dividend is declared, 40 sen is kacang puteh...
@esl_22 Systech is slowly moving now....hahaha So don't worry. It will rebound as we normally see it. I guess it cannot fall down forever right? Once it break the 33.5 sen resistant, it will move upwards.
Long term player will not worry few sen drop since it is a strong fundamental company if and only if u compare v tech industry company. I am confident to this company even i buy at 0.37 and it drops lots. I still hold it. I aim for long term capital gain but not short term ikan belis profit taking
Hi guys, I bought in systech 0.23 last year nov and sold in 0.175 after few days cos market drop like shit. ....super regret until now...ur can imagine if i never sell it tat time...i will get good profit. ..but I will take it as good experience since I just start learn n buy share Oct last year....so now will hold it even lose 2 sen......sure will rebound. ..if you believe this company good...to in invest ...for long term
potential stock but uncertain how far it can go ... many experts here who study in details for this stock to help for others (eg: richkid) ... bravo
i only play as opportunist since i not good in investment, hit and run approach with assumptions: - ACE market go up and down for no reason - Shark and ikan bilis are the same group of person. The cash flow and investment patterns are fixed
How? - Since i am a software programmer, i wrote my own program to monitor all stocks in ACE and alert for those with abnormal volumes - Only target only 3%-5% daily earning. One month got 20 transaction days, 20 x 3% = 60% revenue per month (i not rich only have capital of RM10K) - Not target for fairy tales like IFCAMSC, which don't know need to hold how long to get a 50%-100% returns
Why i am here? - This stock show abnormality volumes since last time - Target for variant between 0.325-0.385 to gain the 3%-5% daily earns, as the up and down wave seems will remained for quite sometimes
@ghost2014 With a limited resource of RM10K, you sure must have a brain and good strategy. Yeah ikan bilis must trade ikan bilis style. Skytan is right. If he hold a bit longer he would not have lost his money for nothing. This story teach you that a good stock will rebound and you don't have to worry. As long as the profit is good, dividend is coming, share issued is small, share is liquid ( active counter ) the sharks will come in.
The only share that you must be careful are those company making losses, those with PN17 status, those will bad track record ( director keep selling the share ) and speculative share (those going up due to rumors). Just go to their balance sheet and check their profit and loss record. If it is losing money no matter how high the share can go up, it will go down steeply and trap many.
Just look at Systech balance sheet. With strong profit coming and future business coming from Europe, US and overseas, you are assured that the price will sure to rebound. How can a profit making company go down like a loss making company? illogical isn't it? A lot of people don't understand this. They keep throwing thinking Systech will drop like other speculative counters.
@faezulomar Next target price if it breaks 33..5 sen will be 36.5 sen.
Very good closing price...exactly at the 33.5 sen mark up 2 sen.I saw a bullish candlestick...tapi kena break 36.5 next week to confirm uptrend again....Bursa KLCI sudah naik 11 points.. meaning sharks are slowly coming back...
After CNY expect to retest 39.5 sen....I tunggu saja...diam2 tunggu tak mau "over-promote"...hahaha Systech is always resilient and slow and steady.
Systech has been experiencing correction recently and was testing the MYR0.315 support level on its latest trade. Traders may expect further weakness if this level is breached, whereby further support is anticipated at MYR0.265. The stock may move sideways if thissupport level holds strongly, while the bullish bias may return if it recovers back above the MYR0.36 mark. Source: RHB
This was written on 12/2/2015 when Systech was closed at 31.5 sen. On 13/2/2015 trading day, Systech price did not went down below 31.5 sen but opened at 32.0 sen and moved up to rached at the highest of 34.0 sen before closed at 33.5 sen. This means Systech price would highly possibly not drop to breach the suppot level of 31.5 sen but to return to its immediate resistance at 36.0 sen. Meaning on Monday and with the DJIA index up more than 46 points, there is high possibility Systech price will try to move up to reach its immediate resistant level of 36 sen. It may open up at 34.0 sen and slowly move to 36.0 sen to test its resistance level. From the recent price movement of Systech, it usually up at the higest of 3 sen or down at 2 sen. Hope I am right.
From the stock chart of Systech, v can see Systech price has dropped for last 5 days before turned green yesterday (13/2/2015) to defy prediction of going lower from its support level of 31.5 sen. The drop is quite severe compare to its highest number of 6 days continuos drop in early Sept 2014. So it may be a good indicator Systech will move up to test its last support level at 36.5 sen and move up further to test its strong resistance at 39.5 sen on Monday and beyond....
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....
richkid
8,140 posts
Posted by richkid > 2015-02-13 09:32 | Report Abuse
@siva68 thank you.
Actually Systech is a good stock with good prospects like IFCAMC. Although currently it is still far behind, I have a feeling Systech will slowly move up. The reason why Systech is down is due to the following reasons:-
1. Cny profit taking.
2. QR report is out. Sell on news.
3. Long holidays.
4. Many investors are on holiday. Volume is low.
5. Contra players selling. Herd mentality.
After CNY Systech will resume its uptrend based on the following reasons :-
1. Oversold position
2. QR report is good meaning future will be better with contribution from Sysarmy.
3. Dividends declaration. Expect another 5% or more.
4. GST play. IT stocks theme.
5. Small share issued. No warrants. Easy to move up. Very liquid.
6. Profit making company. Double digit growth. Guarantee up in a matter of time.
7. Long term play for player who wanted to hold and reap better rewards.