Posted by omione > 2012-04-16 11:43 | Report Abuse

Someone keep buying at 320 lots. Is this some kind of a code? Why would normal investors or punters keep buying at 320?

Posted by chongkonghui > 2012-04-16 12:01 | Report Abuse

320 Interesting..... last 320 stops at 11:57am

Posted by Jjtrader > 2012-04-16 12:20 | Report Abuse

Today 320 lots buyer much more aggressive than 300 lots seller. good sign but waiting seller RM 1.38 ~ 17967. RM 1.39 ~ 15611. RM 1.40 ~ 27275 . JCY need a 10000 ton bombs.

Posted by bull007 > 2012-04-16 12:25 | Report Abuse

another syndicate ctr.

Posted by Namoyaki Takarajima > 2012-04-16 12:29 | Report Abuse

bull007, good ALERT! ;) Stay AWAKE peeps!

Posted by omione > 2012-04-16 15:28 | Report Abuse

The candles, the day chart and the hourly and minute charts all point to a sustained rally. If the price can hold to close 1.37 and above today, there's better than even chance that the price may rally above 1.40 tomorrow. But of course, we can expect a pullback sometime way before the Q2 results are out. I am optimistic that the eventual price will be above 1.50 after the Q2 results are announced.

Posted by Jjtrader > 2012-04-16 15:52 | Report Abuse

If today price close around RM 1.35, then it will form a shooting star.

Posted by ragen9 > 2012-04-16 16:31 | Report Abuse

up..up...

Posted by omione > 2012-04-16 16:57 | Report Abuse

The closing price literally slipped back to close 1.37 in the last second. Anyhow, 1.37 is still a good close to hopefully continue the rally tomorrow. All the best to all who still hold the JCY shares.

Posted by usry > 2012-04-16 17:12 | Report Abuse

slowly move up..one day it up 2-3 cents.. still have 3 week for result announcement. This is the sign that the 2nd Quarter result will in a positive mood..(my guess only..)

Posted by diablo88 > 2012-04-16 18:44 | Report Abuse

technical correction coming...just hold on... speculator keep off

Posted by monster 795 > 2012-04-16 18:52 | Report Abuse

Tomm t3..maybe some retracement..i think lah..

Posted by bonescythe > 2012-04-16 19:43 | Report Abuse

To all,

How is my attack coming so far?

Enjoyed them?

Cheers..

Posted by usry > 2012-04-16 20:21 | Report Abuse

Mr Bonecycyhe:good analysis..thanks

Posted by alntm > 2012-04-16 20:34 | Report Abuse

bro bones, whats your plans now, attack, regroup or dare i say it retreat?

Posted by Mohd Shuk > 2012-04-16 20:36 | Report Abuse

This crdt shld go to Lamken. Coz he appear here again when jcy was at 1.10, then it start fly......hot stock everybody know la it will uptrend!!!

Posted by bonescythe > 2012-04-16 20:43 | Report Abuse

Mohd, then u better ask Lamken to bring it up to RM2 then within 1 month.

This time, I wanna sit and watch

Posted by Mohd Shuk > 2012-04-16 20:54 | Report Abuse

bonescythe : That 1 i dun knw how far it can go but what i knw is this is hot stock again with uptrend which easy to predict..I dun knw lamken also.Honestly last time i buy on Ben call at 0.50++ he ask me to hold until MA break then sell. I sold at 1.38....His call can be consider gud call....he is bloger too!!! Anyways u also gud for short term analysis! Cheer bro

Posted by Steven Lee > 2012-04-16 23:08 | Report Abuse

Mohd, mind to spare Ben's blog??

Posted by Jjtrader > 2012-04-17 09:20 | Report Abuse

will it drop back to RM 1.19?

Posted by fakedevil > 2012-04-17 09:22 | Report Abuse

drop back to 1.19?!in your dream lor...

Posted by usry > 2012-04-17 09:41 | Report Abuse

if market sentiment okey, i think JCY will maintain at 1.30 - 1.40 level. Unless there are 'big changes' in JCY fundamental or overall market sentiment turn negative ++..

Posted by stocker > 2012-04-17 10:10 | Report Abuse

Big movements are coming for these few days

Posted by Jjtrader > 2012-04-17 10:55 | Report Abuse

Hi Stocker, What type of big movements ? Mind to explain.

Posted by bomblikeme > 2012-04-17 11:02 | Report Abuse

Shah: Your correction for JCY is RM1.35-1.4 drop to RM1.19? A 12% drop today, can I understand how you justify how you come out with that figure? TA or FA, QA anything you call it..Please provide comments that are justifiable rather than create any unwanted ripple or sort..there are many newbies who followed this counter..so let them learn in the right way..please! thanks

Posted by tasoke > 2012-04-17 11:35 | Report Abuse

rm1.19 how can be, unless profit in 2nd quater lossing ,is posible ????

Posted by omione > 2012-04-17 11:36 | Report Abuse

Looking at the numbers, I can deduce that institutions are buying and the traders and retail are selling. It is fair to say, from the trading perspective, the market is finding its balance after 3 days of advance. Will the price ditch to 1.19? I can't find any substantial fact to justify that call. JCY had raked in a hefty jump in EPS in Q1. The market is expecting Q2 to be thereabout or better. So I don't see how 1.19 can happen at this moment. A brief pullback? Maybe. My call? The upward trajectory is still intact until the Q2 announcement. Any pullback before that is transient. So anyone who sells to exploit the pullback should jump back on the bandwagon.

Posted by Jjtrader > 2012-04-17 12:50 | Report Abuse

Maybank analyst (Lee Cheng Hooi) issue a buy call on JCY today TP RM 1.53 and RM 1.81. stop loss is at RM 1.19. BUT ........ The question is Lee Cheng Hooi also issued a SELL CALL on 13 March 2012 said that the downside target are RM 0.71 and RM 0.98 when at that date JCY was trading at RM 1.09 . almost the bottom before rally to present high Regular RM 1.41 (Today) and today BUY CALL is issued Please judge Yourself. Cheer and Happy trading :D.

Posted by alntm > 2012-04-17 12:53 | Report Abuse

just my 2 cents...the more talk on price, what should be the tp up or down, doesn't that mean movement will be range-bound? maybe i am wrong..but rather have rocket fuel than water...

Posted by Shah Arin > 2012-04-17 17:53 | Report Abuse

damned its typo.Sorry for my mistake. What i meant is 1.29. Using rising trendline which is respected by the candles since 21 march 2012.

Posted by ryanc > 2012-04-17 20:23 | Report Abuse

Maybank Investment Bank - Lee Cheng Hooi? Don't listen to him. He just speaks without real facts. 2 yrs ago in an Investment fair in KLCC, I asked him if Ramunia (PN17 then) was a good buy at 0.20 since Tabung Haji was a major investor. He said, "Don't go pick up rubbish share like the Indian garbage man". 2 weeks later the share shot up to 0.40. U judge 4 urself.

Posted by bonescythe > 2012-04-17 20:29 | Report Abuse

My army had came back from a successful mission.

For more updates, you can check with me.

Cheers

Posted by John Wong Jun Yuan > 2012-04-17 21:29 | Report Abuse

Mr. Bone, what you mean by successful mission? sorry, my english is poor >.<

Posted by mr_investmentbanker > 2012-04-18 08:24 | Report Abuse

arghh cmon bone.. sambung d rally again la..

Posted by ahyeo > 2012-04-18 08:28 | Report Abuse

today's news - Seagate reports latest quarter results....
CUPERTINO, CA – April 17, 2012 – Seagate Technology plc (NASDAQ: STX) today reported financial results for the quarter ended March 30, 2012. The company reported revenue of $4.4 billion, gross margin of 37%, net income of $1.1 billion and diluted earnings per share of $2.48. On a non-GAAP basis, which excludes the net impact of certain items, Seagate reported net income of $1.2 billion and diluted earnings per share of $2.64.
The company generated approximately $938 million in cash from operations, paid cash dividends of $112 million and used approximately $1.1 billion to repurchase 43.1 million shares of common stock and for the early retirement of debt.

Like I said earlier, as the flood recovery happens, the volume and revenue will only climb higher. Look forward to JCY's results.

Posted by ahyeo > 2012-04-18 08:31 | Report Abuse

for those who have not followed Seagate, Seagate's last quarter results has exceeded their previously 1 year performance in terms of net income... net imcome improvement of 5X!!!! I can only see JCY to mimic the same or better

Posted by ymj1016 > 2012-04-18 09:23 | Report Abuse

Another warrant issued by OSK (JCY-CI)
Issue price - RM 0.15
Ratio - 2:1
Exercise Price - RM 1.25
Expiry date - 17/12/2012 (8 mths from yesterday)

Good news or bad news?

Posted by alntm > 2012-04-18 09:27 | Report Abuse

warrant means osk trying to catch money flowing, good. bro bones: wat happened? sent u an email.

Posted by jayrc23 > 2012-04-18 09:45 | Report Abuse

ryanc...most of this guys out there 'acting' like they know everything under the sun actually are blur sotongs who are basically emotionally driven/failures and they try hard to pass on their mistakes to others...if you are well informed they can't sell their eggs to you. Always do you own research and judgement.

Posted by Jjtrader > 2012-04-18 10:27 | Report Abuse

Is today T + 4? any force selling for JCY ?

Posted by Cantona2662 > 2012-04-18 10:44 | Report Abuse

Ahyeo> Did JCY's prev results mirror that of Seagate? Hope u can share. Thanks

JjTrader> if u think about it, EVERYDAY is a T+4 for SOMEBODY.

Posted by ahyeo > 2012-04-18 10:55 | Report Abuse

JCY share the same fortunes as Seagate where their plants are not affected by the flood like their competitors and both are taking share significantly. In the flood quarter, JCY profit rose 20X

Posted by omione > 2012-04-18 14:09 | Report Abuse

The JCY-CI structured warrant listed today by OSK may have a dampening effect on the JCY price, at least in the short run. I am not certain how the warrant issuer intends to play the game. Logically, to set the exercise price of 1.25 in the midst of a 1.41 peak yesterday means the issuer intends to issue the warrant at a super premium, which is the case. JCY-CI opened at 0.235 and is currently trading at 0.25. To protect itself, the issuer will need to hedge the mother share at below 1.25. As the price falls, so will the warrant. I imagine the issuer will pick up a good measure of the warrant at that point. This should happen pretty quickly. Once the hedge is in place, the issuer will be profitable irrespective of the price. The two big issuers will benefit in the short run when the price falls. This is just my analysis. Be extra vigilant

Posted by usry > 2012-04-18 14:44 | Report Abuse

Omione:still not understand.. need ur clerification in simple words.. appreaciate it.
thanks.

Posted by omione > 2012-04-18 14:50 | Report Abuse

usry, Will be happy to clarify. But first, what is it that you don't understand? You'll have to tell me.

Posted by usry > 2012-04-18 15:10 | Report Abuse

the relation between warrant Vs mother share.. why should Issuer house need to press down the mother share from RM1.41 to RM1.25 to protect their self.. pls elaborate it with simple example...
Thanks for sharing..

Posted by ymj1016 > 2012-04-18 15:11 | Report Abuse

Omione: From the previous warrants issued by other institutions, it seems the price movement of the warrant does not reflect the Mother share's movement. Does that means the they can press the mother shares without affecting the warrant price?

Posted by omione > 2012-04-18 15:55 | Report Abuse

The IPO price of the warrant is 0.15. It will be stupid for the issuer to sell the warrants at this IPO price where the mother share was already trading at 1.41 peak. At launch, the warrant was already in the money. (To get to the very basic: there are two values to a warrant - the time value and the intrinsic value. The exercise price of the warrant is 2 warrants + 1.25. So if the mother share is 1.40, the intrinsic value is 0.075 per warrant. If the mother share is 1.20, which is below the exercise price, warrant still has value so long as there's still time for the investors to bet on a rise in price. Time value is whatever the market decides it to be.)

Yes I do notice at time, the punters disregarded the fundamentals of warrants and treated the warrant investment like a casino. In such instance, the valuation can get out of wack. But in a structured warrant, the issuer is supposed to appoint a market maker to ensure that the value does not get to far off the mother share.

In the Europena style warrant, the only time that the issuers has to pay up is at maturity. During the cause of the warrant, the price can go up double, but so long as the price fall back to exercise price or below on maturity, the issuer will be ok. But the issuer cannot be 100% certain that the price on maturity will be at exercise price or below. So, during the cause of the warrant, when the price of mother share fall to below the exercise price, the issuer can buy up the mother shares. At the same time, the issuer may buy up the warrants as well. When the price goes up, the issuer can sell the warrants back to the speculators at a profit, knowing that it already locks up the value of the mother shares.

Hope this clarifies. If not, please Google to read up more on the basic of derivative.

Posted by Fat Cat Tim Buddy > 2012-04-18 17:01 | Report Abuse

they already hedging when they issue the CE, now they just want to make more money by selling more.

Posted by charlie chia > 2012-04-19 08:58 | Report Abuse

JCY likely to maintain strong earnings in Q2

Read more: JCY likely to maintain strong earnings in Q2 http://www.btimes.com.my/Current_News/BTIMES/articles/siwai/Article/#ixzz1sRYrNfXp