If everybody is willing to share their good buy here, then no one need to pay money to buy trading tips Then this petronm forum is worth more than nestle. Isn't it beautiful
They sold for no reason? Or they can't wait the padi grows taller Or they see they the padi dying There must be a reason you do with your hard earned money. We are confused
Halite,could it be the reason if 10.6 breaks then it will go much lower?From the chart perspective strong possibility that if 10.6 breaks $10 won't hold for long.It could then rebound to ard $10.6 then go much lower.As I have said earlier, it has moved very far away from the moving average.I am not bad mouthing this counter,just be aware of the risk and manage it.Good luck
Annetan Halite,could it be the reason if 10.6 breaks then it will go much lower?From the chart perspective strong possibility that if 10.6 breaks $10 won't hold for long.It could then rebound to ard $10.6 then go much lower.As I have said earlier, it has moved very far away from the moving average.I am not bad mouthing this counter,just be aware of the risk and manage it.Good luck 01/03/2018 13:32
you sound like a trader more like a investor to me. If talk about in the sense of investing, if based on your scenario, if me, after used up my cash, I would use whatever financing way to buy more petronm in such price, I see this as rare opportunity to grab it... if u tell me this company is doing bad in terms of its fundamental thus its share price drop I can understand... but now the fact is, this company achieve good result, eps rm1.50 with CONSISTENT result each quarter, ZERO DEBT, NET CASH and STRONG CASHFLOW company, acceptable dividend payout... shouldn't it be to add more if reached such scenario u said?
sometimes I don't understand some ppl thinking... perhaps this is why some ppl earning big and some ppl don't....
Sometimes in life,it's not what it seems.If everyone has the same opinion,there won't be any sellers at this price,would there?That's the beauty of what we call market.I make my judgement based mostly on charts the possibility of upside and downside.Actually no one knows for sure.
You will see no charts go up without correction nor goes down without upward movement.If the price moves very far from the moving average,you will find for whatever reason it will correct back near or to the moving average.Anyway that's just my observation.I am sure you have your investment/trading methodlogy to win.
Annetan, Thank you very much for your kindness to share with us your chart reading skill. Do not worry to say anything bad about petronm here. Good or bad there is always something to learn. I believe you participation can certainly help most of us trade better and get bigger return later.
My view. Do not rely solely on chart patterns to trade. To interpreted the chart well you still need to know the company well first. If you ignore the fundamental of the company and rely solely on chart to trade, you are actually more or less testing your luck, slightly better compare with 4 ekor. Chart do make some people rich but make even more people go bankrupt. Beware. Good luck.
First principle of value investing NEVER LOSE MONEY
First principle of win big DO NOT FEAR TO BUY A GOOD STOCK CHEAP
First principle of a good buy THERE IS ONLY REASONABLE PRICE, THETE IS NO LOW PRICE OR HIGH PRICE
First principle of right trading THERE IS ALWAYS A REASON FOR YOUR BUY AND SELL
First principle of happy trading ALWAYS HAVE MONEY TO BUY MORE
These principle are proven right for me but may be right for you. The main difference is you do not have the strong heart and discipline that warrant success
As long as Petronm doesn't answer the elephant in the room (RM14 bil expansion) its price will not fly. Anyway, i reenter to buy a little @ 10.46 after disposing it all few weeks ago, maybe i trust in Halite's faith, hahaha.
In fact, i should keep quiet because I already keyed in 10.50 just now to buy more from you if you have any?
By the way, do you have any petronm share to sell? Tell honestly because the God is watching you. If you have any, then go ahead to sell I believe many investors here dare to buy more, cheaper the better. Go ahead, if you have any If you don't have any, and do not want to invest in petronm what the hell talking so much thing here you yourself have very little knowledge
Why choose to live like a copy cat? Why can't you talk something new?
I did not read your whole message You said you reenter at 10.46? You are so childish The whole world is laughing what an idiotic talk Do you know what you are doing? You said petronm is sure hopeless because of the expansion plan but why you are the first one to reenter, can't wait any longer to buy cheaper. I believe if your father read you posting just now, he will give you a hardest slap on the face.
I never said the rm14 bil is not good for petronm, just that i dont like rights issue. I know why you are so angry with me because you cant time petronm as good as me? Haha
good . now you are agree Petronm is cash generating machine not cash burning machine. if not how can you make money. but do not lose yourself because of a small victory . be humble and be more critical in your thinking not whatever the sifu said is right , even worse, if before you are sure and certain it is right , you already can't wait to share as if it is 100% right . papa tells you this is not correct. understand?
ocpd I never said the rm14 bil is not good for petronm, just that i dont like rights issue. I know why you are so angry with me because you cant time petronm as good as me? Haha 02/03/2018 12:52
sorry i missed this message from you. how do you know there is right issue ?
you see.... you always behave like this one . thing not yet known you said it is 100% happen this is not correct lah......
now you said the 14B expansion is good. do not forget what you said today you name will be sapu into longkang if tomorrow you come out to shout it is no good .
ocpd : I never said the rm14 bil is not good for petronm, just that i dont like rights issue. I know why you are so angry with me because you cant time petronm as good as me? Haha 02/03/2018 12:52
Thats the problem, still uncertain how they gonna address the rm14 bil funding. As long as there is uncertainty its share price wont fly. However if they announce rights issue then you will be screwed. So i rather wait until it is clear, so either i get to buy at massive discounts with rights issue or slightly more expensive if no rights issue!
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....
Halite
8,633 posts
Posted by Halite > 2018-03-01 12:13 | Report Abuse
If everybody is willing to share their good buy here, then no one need to pay money to buy trading tips
Then this petronm forum is worth more than nestle. Isn't it beautiful