I am a loyal fan of this counter since early of the year. Long before this. So no worry la. Just that this thread was boring previously. Now at least there is joker duit in the house. Hahaha.
Duit, it is my great honour to have you this most knowledgeable store keeper in the house.
0.19 is a safe and reasonable play since it is the strong resistance. Once broken, I dont know what will happen already. I have no hole so I am not sure la whether it will break above 0.19. I havent prayed to Kuan Yin Ma yet.
Nicholasnwh90, sorry I missed your post on the 5/5. Yes I picked this up through TA, I think its just a matter of time before it shoots up. It also has very strong support and can ride out the storms relatively well, So compared to other penny stocks, its pretty safe.
Looks like final smash down to create panic sell for operator to collect. Otherwise they will never get the quantity that they need. Anyway just guessing.
yes sifu Duit, u already highlighted Gocean last month, tats how i knew this counter lol,,,,,,,any prediction of the price movement tomorrow, now that the results seem quite positive?
The Group recorded higher revenue of RM19.39 million for the current quarter as compared to RM5.2 million in the preceding period corresponding quarter. The increase in the Group revenue was due to higher production of palm kernel crushing activities. The Group recorded a profit before tax of RM0.35 million for the current quarter as compared to loss before tax of RM1.45 million in the preceding period corresponding quarter. The improvements were due to higher revenue, improved margins and lower operating expenses due to the cost reduction program implemented in beginning year 2014.
The prospect of the Group for the next financial year remains challenging. As the Group continues to concentrate on enhancing its palm kernel crushing activities so as to improve its revenue, it is also facing low supply of raw materials which has caused the raw materials prices to remain high. Notwithstanding the current raw materials shortage situation, the Group has taken initiative steps to explore to introduce new products and to trade in other palm oil products.
just feel rather weird with the sudden price movement in the late afternoon session For the past few days when market crushed, it's price actually hold up quite well,,,,I'm guessing tomorrow will have extreme price movement, either up or down
but i wan to point out... that if u follow the queue and transactions... u dont feel weird when there are bids-to-buy are cancelled at the same time when somebody throw out to sell it down. it happened many many rounds... the queue and volume to buy jz disappeared at the same time as it is selling down. check it out...
anyway bout this kind of ACE counter, if u like surprises, u can hold for few quarters. nothing is certain, but if it manage to make it through better than now, reward is exceptional good. can simpan sikit, no harm.. especially with current weird transaction pattern... judge by urself and calculate ur own risk..
the company can survive for now with turned black results and with the preceding from the new director. no issue with debt..
It happened to GOCEAN today and yesterday as I was observing the counter. The mega large buy queues disappeared now. I am just wondering what's in the mind of the operator. I just want to make sure it is not a distribution process. One thing to note: today's buy rate is at a high of 86.
how can it be distribution dear... buy rate is high on these few days. why buy rate high? and the transaction pattern is so obvious... it's collection... few times queue-to-buy is as huge as 40k lots, then suddenly these large queue-to-buy disappeared and at the same time there are selling down about 4k lots and with that minimum selling lots it push the price 1 step down, then they put some volume to sell there, then after there are panic seller queue to sell, they keep buying. rounds and rounds..
Thanks for sharing your view anonymous! I understand that it is unlikely to be a distribution but i was just trying to figure out whether that probability exists. Thanks much and have a nice day!
if frankie tan ,the new owner want to inject his private company, then is diffrence ball game. But he did mention dun have intention to do so. Hopefully he can change his mind,,,,,,
i observed the queue pattern too anonymousinvestor,,,,,,,plan to simpan for a while, may be got surprises, who knows? TA or FA nothing beat syndicates,,,,,,just small investment on my side,,,,drop to zero also can tahan,,,,but better not la lol
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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....
nicholasnwh90
1,114 posts
Posted by nicholasnwh90 > 2015-05-08 16:56 | Report Abuse
I am a loyal fan of this counter since early of the year. Long before this. So no worry la. Just that this thread was boring previously. Now at least there is joker duit in the house. Hahaha.