No wonder today we have waterfall day. HK got The Ting Hai effect and here we have The TTB effect.
KUALA LUMPUR (Feb 27): The ringgit is expected to hit 4.20-4.40 against the US dollar by year-end in view of the US Federal Reserve’s (Fed) likely interest rate cut decision in anticipation of an economic recession in the US this year, said Capital Dynamics Asset Management Sdn Bhd managing director Tan Teng Boo.
Tan was speaking at a media briefing on the stock market entitled “Is Investing in Malaysia Still Attractive Now?” here on Tuesday.
As soon as Insas released its quarterly results which was rather good, the share price went into free fall the next two days. Can anyone brilliant enough to provide an explanation?
Most people didn't sell Insas before CNY because they expected a post-CNY rally, and when this didn't happen they still didn't want to sell because they expected a rally after release of its quarterly results. But why was there no rally but instead an immediate free fall?
Mr Sslee, you need to realize that you are not the only person holding no cost portion of Insas shares. There are many, many of them but 9f course none hold as much as you do. Slowly one by one will give up the wait and sell. And there are people who uses margin to build up big position and as price keeps drifting down, a margin call will begin.
Yes, Ah Tong just told his cat tomorrow he will buy Insas. His cat then pass this message to Ah Thong cat and Ah Thong cat told leno tomorrow buy Insas.
@TheContrarian, agree with most of your points ther3...you are really in tune with Insas
Posted by TheContrarian > Feb 28, 2024 6:18 PM | Report Abuse
Most people didn't sell Insas before CNY because they expected a post-CNY rally, and when this didn't happen they still didn't want to sell because they expected a rally after release of its quarterly results. But why was there no rally but instead an immediate free fall?
Posted by TheContrarian > Feb 28, 2024 6:35 PM | Report Abuse
Insas share price never follows Inari.
Posted by TheContrarian > Feb 28, 2024 6:36 PM | Report Abuse
Tomorrow there will probably dead cat bounce of Insas share price.
Even Sir Newton said he could calculate the motion of heavenly bodies but he couldn't calculate the madness of human stock market behavior. So this means that the sifu titles here is for fun only. You understand or not?
Why does Insas spike every 2 to 3 years? Because new water fish are drawn to it. Promoters starting repeating "Insas has so much Inari shares which are not reflected in the financial statements" ...... where else old water fish thinks the wait is paying off - "ini kali lah". For contrarians like me we just do the selling lah, we don't fall in love with Insas, it's just to fill our piggy bank.
I participate in forums which I have shares invested to exchange opinion as we can gain information and knowledge from others, so that we collectively benefit and made the most out of our investment.
Like the famous old sifu Ykk wrote article promoting certain stock, if the article is the first article,then you sell on Ykk second article. If u wait for third article , you are too late to sell sift also need to make money out of water fishes here. Lu tahu boh?
* typo Like the famous old sifu Ykk wrote article promoting certain stock, if the article is the first article,then you sell on Ykk second article. If u wait for third article , you are too late to sell sifu also need to make money out of water fishes here. Lu tahu boh?
No need asking. Just based on the chart, you will know what to do with the stock because all the info is baked into the chart already if you are a chartist.
Posted by TheContrarian > Feb 28, 2024 9:58 PM | Report Abuse
I participate in forums which I have shares invested to exchange opinion as we can gain information and knowledge from others, so that we collectively benefit and made the most out of our investment.
Posted by TheContrarian > 11 minutes ago | Report Abuse I participate in forums which I have shares invested to exchange opinion as we can gain information and knowledge from others, so that we collectively benefit and made the most out of our investment.
It is all in the chart. Like Sir Newton said he couldn't calculate the stock price because it's a reflection of aggregate human transactions ,So for me, no need to calculate because... wasting your time.
Chart patterns change by the hour, sometimes by the minute. Anyway I don't have access to charts and to me it's so confusing ..... got fake breakout , got black doji, white doji, green doji, red doji etc.
Posted by Sslee > Feb 28, 2024 10:11 PM | Report Abuse
If reading chart can make you rich then no one need to work anymore.
Sslee Sir, Only very skillful person an read charts correctly, I'm only 50% correct reading charts, Chartists are not 100 %correct because chartists are not God.
We can't say that if a person can read FA, TA stock books he can be stock millionare , but we still need to read additional stock books,even though we are ent millionaire
But for me, there is no need to find other info, all is in the chart already.
Posted by TheContrarian > Feb 28, 2024 10:19 PM | Report Abuse
Chart patterns change by the hour, sometimes by the minute. Anyway I don't have access to charts and to me it's so confusing ..... got fake breakout , got black doji, white doji, green doji, red doji etc.
Everybody is different in this world ,No one has the same habits or characters. Some like to calculate here and calculate there some like to read chart. Some like rule based trading. Etc etc etc.
by understand some basic may change what you think e.g.: candle stick green = demand > supply candle stick red = demand < supply MA = certain period of demand vs supply MA Up = certain period of demand > supply MA Down = certain period of demand < supply
to be exact: by understand some basic may change what you think e.g.: candle stick green = buy side > sell side candle stick red = buy side < sell side MA = certain period of buy side vs sell side MA Up = certain period of buy side > sell side MA Down = certain period of buy side < sell side
Posted by xiaoeh > Feb 28, 2024 10:29 PM | Report Abuse
by understand some basic may change what you think e.g.: candle stick green = demand > supply candle stick red = demand < supply MA = certain period of demand vs supply MA Up = certain period of demand > supply MA Down = certain period of demand < supply
copy from a book
Wah Lao Eh! Xiaoeh sifu, you have some very basic chart ing That's why l call you sifu,
Posted by xiaoeh > Feb 28, 2024 10:29 PM | Report Abuse
by understand some basic may change what you think e.g.: candle stick green = demand > supply candle stick red = demand < supply MA = certain period of demand vs supply MA Up = certain period of demand > supply MA Down = certain period of demand < supply
copy from a book
Wah Lao Eh! Xiaoeh sifu, you have some very basic chart ing That's why l call you sifu,
ehm ehm.... i'm dumber Income sifu after so many year that's all i got....................
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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....
speakup
27,012 posts
Posted by speakup > 2024-02-28 13:00 | Report Abuse
Speakup offloaded all already >1.20