Wow, your tips are very reliable. You seem to have very good sources from the people close to the sharks for those counters that you recommended? Really spot on. Even TA expert also cannot tell exactly.
Today is friday. Basically. Retail Investors are not sure the direction of the pmcorp. Furthermore. Next week only 3 trading days big and contra players were not taking position today. As we can see when the market opened for q. Only small amount tried to place buy order at 24.5 sen and only 15000 units q to buy at 25.5 sen. It showed that retail investors were uncertain. Over 200,000 units q to sell at 26 sen as such the chance for the price to surpas 27 sen was limited. So i decided to place buy q at 24.5 and later at 25 sen and sell q at 25.5. All sales and purchases orders are completed with some profit. I was in the market today to test the ability of pmcorp to sustain at this level and not to make a quick profit. Based on the testing done, pmcorp is on strong footing to move upward. Those who bought at 21 and 22 might already sold their stock and balance have decided to hold for higher profit. This is not call to buy as i have called to buy at price of 21 sen. As such chance to move higher is very very good. Looking forward 30 sen to break. Thanks
Do not worry. I will see how it goes in the next few days.
Either to reduce some exposure if no good. Or in the worst case scenario, I can do $ cost averaging. I am more concerned about your TAFI. Very low trading volume.
Gold spikes up @ US$1244.80 an ounce on dismal Dec US jobs report. A lot of short-sellers(on bearish predictions) were made to cover their short positions.
Interesting to see how stereotyped thinking can be wrong sometimes.
look as if the stock is weakening again , one day up another day down due to all the bad publicity surrounding this counter, hope it will not going down to 20 cts again...
Morning. Mike. Thanks for your tip. Any good tip pls share with us. Ifollow. What is chance for pmcorp to go up next week. Still have 700 lots @26 cents.
My dealer ask me to monitor this counter. When I bought last time, she comment this counter unpopular. Now that I sold long time already, she ask me to buy. =.="
You disappeared in this thread for quite a long time. I saw your postings in other threads.
How did you fare? Your dealer started to ask you to look at this counter. Seems like this year could be a year where laggards may take the centrestage.
See whether 25.5 sen can be broken first before we can comment on its potential. Of course, shark may push up to test the response first.
Nothing is absolute. A lot still depend on the market sentiments and theme at play.
Ha! Ha! This is not a buy call and I do not have the privilege to be a shark!
It is always a good practice to invest a certain percentage of our portfolio in blue chip stocks and/or mid-cap growth stocks.
And we do not have to rely so much on sharks/followers to push up our counters. All we need is for local funds, like EPF or/and fund managers, to do the job for us.
So, it is always good to diversify, in case sharks may play us out.
Ha! Ha! Be diversified and have a balanced portfolio.
For what it's worth one thing is for sure, this counter is getting more attention... ifollow, I also waiting for the 0.27 barrier to be broken. Tomorrow may be.... haha. Nothing is impossible when,sharks are involved...
It is not difficult for a shark to push up a counter. All it needs is just to push up or trade the counter a few bids up early in the day with good volume and a lot of punters will jump in and do the job for him. Eg, when it crosses 27 sen with good volume, a lot of technical traders will come in too!
Easy right? So, the shark just needs to choose the right timing to do it. Usually, this is done with some good news to be announced or yet to be announced. Sometimes, it can just be rotational play.
Ha! Ha! Stock market is not a layman's game. Trade at your own risks!
Yup ayeefk 100% agreed. We are at their mercy especially if we are in for short term. That is the exact reason why I named myself 'humbled' to remind myself to respect Mr Market haha...
hepitrade, last time I bought at 22.5 cents then sold on 33.5 cents ady. ayeefk, I'm having vacation on December, not that active. I'm thinking whether to buy back PM Corp. Hmm...
Over the years, I have learnt to be more skilful and sophisticated. I follow the shark's approach to collect low and sell high, even though I do not have a sizable group of followers/punters.
That is why I carry a disclaimer clause that I do not have the privilege as a shark, in case some of you mistake me as a shark.
pushing up in closing market so as to attract more victims to fall prey to them....really sharks play ? must be very careful as this thread are filled with great white sharks...2 cts
zu1967. good morning.still holding 600k? hope can come out next week;but I doubt.ask the expert here for their guidance. few day ago said my last call for jan'14 GHL SYSTEM. can make RM100/1000share. rooney2u/tewnama bought some;now sitting on paper gain. be cautious trading in penny stock; next month after CNY better invest your money in good fundamental quality defensive stock. penny stock run to high already and will correct and plenty people "burn" into black charcoal time and again.the decision is your to make and hope you get it right this time around. good luck and happy trading. am half way packing and taking night flight from paris to singapore tonight. see you again on 14/1/14
Your TAFI has very low trading volume. Furniture stock has no market appeal. The last time the shark tried to push it up, also not successful. If the shark is not playing, then you can be really trapped! Better be more careful with your TAFI.
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....
mikekong55
4,805 posts
Posted by mikekong55 > 2014-01-10 19:21 | Report Abuse
ayeefk.so this is a buy call?