Posted by nubhan > 2012-05-22 10:46 | Report Abuse

jcy 60 minute chart look scary

Posted by rookiemy > 2012-05-22 10:46 | Report Abuse

wait see the big volume on 16 & 17 can be absorbed or not on T4.

Posted by nubhan > 2012-05-22 10:52 | Report Abuse

going in red soon..

Posted by pureland > 2012-05-22 11:09 | Report Abuse

Worth to take note
"....Bursa Securities had vide its letter dated 13 March 2012 approved and had accepted 24.97% of the Company's issued and paid-up ordinary shares of RM0.25 each held in the hands of 8,865 public shareholders as at 29 February 2012 as being in compliance with the Public Shareholdings Spread Requirement pursuant to Paragraph 8.02(1) of the Main LR"

Posted by NKN1 > 2012-05-22 11:26 | Report Abuse

only 8,865 other shareholders only aiyaaah so little, so easy to privatise one. just do it

Posted by tradersam 56 > 2012-05-22 11:32 | Report Abuse

Looks like the red indians bows n arrows are no match for the cowboys guns :(

Posted by meljohn > 2012-05-22 11:34 | Report Abuse

Game play with cowboy only price hit above 160

Posted by pureland > 2012-05-22 11:47 | Report Abuse

tat could be the main course after appetizers are served...

Posted by Jjtrader > 2012-05-22 12:00 | Report Abuse

Today Maybank issue a sell call on JCY said downside target will be RM 1.30 and RM 1.07 respectively. The analyst have changed his Elliot wave count again ( This is the 3rd time he changed the wave count, so unconstant with his analysis)

Posted by Jjtrader > 2012-05-22 12:04 | Report Abuse

It seems the battle starts again

Posted by Horizon > 2012-05-22 12:18 | Report Abuse

I really don't know what the owner is doing. If he is waiting to accumulate more mothers from the banks then we are going to wait a long long time because it will never end. It is so obvious that the banks are short selling naked.

If he is waiting for the banks to short sell until over exposed, then the owner is being very petty with his strategy. How expensive and how much will this cost a bank? The banks will probably be bruised but nowhere near being admitted to an ICU loh. At worst, the team who came up with the warrant lose their year end bonus or maybe, the manager in-charge gets fired. Like that also happy?

Cheong lah Mr. Owner. I tell you, this counter can go limit up 2 sessions in a row and Bursa cannot do anything about it. Stellar profit announcement, good reviews printed everywhere, global markets on a rebound, apa lagi mau? Wait until Malaysia wins World Cup is it?

Fri and Mon didn't move, can blame global market. Today? Owner should have struck today with the global market rebound. Good news effect got expiry date one. The bad news, bro, is that last week's announcements have already expired.

Posted by baramundi80 > 2012-05-22 12:24 | Report Abuse

getting impatient huh? hehehe

Posted by Horizon > 2012-05-22 12:36 | Report Abuse

Bro bara, now am impatient. Very soon fed-up.

Just to share, my insider, re-confirmed that the owner will definitely want to push. But don't know when.

Kalau you tanya I lah, I'll say that this owner is inexperienced in such things and he is not getting very good advice. Jangan ingat diorang ni owner PLC pandai sangat atau ada duit bayar for best advice. I've met many PLC owners, jumpa dan borak dengan diorang, sigh... <kepala goyang> <kepala goyang>

Posted by usry > 2012-05-22 12:37 | Report Abuse

feel sympaty to u all but I told u all already ..The two (2) appetizer that Mr lamken mentioned was factored in the share price few days ago..Currently nothing to drive JCY to move up..only speculation..
Your friend that expert in TA was wrote that the JCY look scary (reffer to our Bro Nubhan posting above) and Ay Bank also revise JCY price from current level to RM1.30 and trigger a 'sell' call.. This means what..?

Posted by rookiemy > 2012-05-22 12:51 | Report Abuse

JCY is going through a short period of consolidation as seem by the reduced volatility and volume. This is normal as it has gone thru recent big downs and ups. it is now trading between the 20day ema (~1.47) and 50day ema (~1.38). Tomorrow would be even more interesting. just wait and see.

Posted by Jjtrader > 2012-05-22 12:52 | Report Abuse

I also feel very tiring in this battle, will consider exit JCY and buy in Padini. Look at Padini drops so much and it can also rebound so fast, this stupid JCY just playing ding dong ding dong. If want to push, push it fast and fierce, just like Csl push from RM 0.99 to RM 1.8+. Like that only goreng mah. Sigh ! Wasting my time here.

Posted by usry > 2012-05-22 13:02 | Report Abuse

That y i sold 3/4 of my holder last week. don't want to take high risk from this controversy stock.Just keep few for long term. and i think this stock price unable to go up and pass RM1.60 until all CW that issuence by Bankers expired.. when it try to up,than the banks will press down.. 1 Owner fight with 3 major bankers,how can he win..?

Posted by Namoyaki Takarajima > 2012-05-22 13:06 | Report Abuse

Bro...please, janganlah broken-heart please don't give up. I have lots of friends who gave-up to share market. History is good for us to learn about our move in here, cuba bro tengok balik JCY Chart, TA and tengok TREND JCY. Bro baca slowly tak apa. Bro tengok dulu.

Posted by azta12 > 2012-05-22 13:06 | Report Abuse

Guys take a break,most ofthe traders is already out when result is out. World market sentiment is still weak. today Asia markets up at an average of 1% is merely a technical rebound. more selling is coming,will revisit again when it touch 1.35.

Posted by Jjtrader > 2012-05-22 13:06 | Report Abuse

Bro Horizon, I agree with what you said. Just 2 time limit up then people will sure will jump in and follow. why need to waste time to play this type of game. Look at penny stock Harvest , what is the earning power and net value, it also can go up so high and people also no care and follow buy in. This is the Way to play mah.

Posted by Namoyaki Takarajima > 2012-05-22 13:23 | Report Abuse

Bro horizon & jjtrader and other Bros, study history of this JCY counter sikit. Correct me if im wrong, just trying to help each-other. You see (chart) chart pattern or buy-sell trend, 3 steady candle stick UP they throw. Last week on Monday 14.5.2012, they start again, then Tuseday 15.5 they lower down the price with (in mind) they had prepared for 3-4day to throw. The candle stick goes together with Stochastic & RSI. See the Stoc. on 14 vs 15.5 (From Bear to Bull) and see also the previous 3 steady candle stick UP on JAN,FEB,MAR,APR for instance. With this understanding, you maybe wanna come back to attack this counter later, and when you come back, this is what we may call you as Market Revenge!!!

Posted by NKN1 > 2012-05-22 13:28 | Report Abuse

nah why bother...by the time the current CWs expire, they will issue another batch as they know owner not one to fight.

better off investing our money somewhere else. plenty of other interesting share to choose from. preparing my bullets for FGVH and IHH

Posted by Jjtrader > 2012-05-22 13:35 | Report Abuse

Bro Namoyaki, In fact look at yesterday's chart it seen like forming a bullish hammer and today's opening price also very beautiful but look at now the price retrace back and even lower that yesterday's closing. Today global market looks good and this is the time to have a very powerful push for the price to break last high at RM 1.65 and try to maintain at that level then people will rush in and buy. If the trader in the market start buying, those cowboys cannt do anything. And not keep on waiting to collect mother at the low price. LIke that the owner better sell down and push the price as low as possible and then take it privatize.

Posted by usry > 2012-05-22 13:45 | Report Abuse

Bro Jjtrader: that i mention ysterday.Why they not press the price to the prefer price they want in one day..no need to throw 1 cent,2 cents per day.. very tired to follow..

Posted by Namoyaki Takarajima > 2012-05-22 13:51 | Report Abuse

agreed wth usry. calculated risk applied. Bro JJtrader, this type of counter (to me) once i see green indicator in our portfolio, it means throw regardless how much profit it is. Noted on yr statement, when the trader start buy, the cowboys can't do anything. No they can, when the traders buy, they (the cowboys) also buy. UNLESS all the traders UNITED and to but at instant, and sell (throw back to them) at instant. Will the traders unite, and how?

Posted by nubhan > 2012-05-22 14:31 | Report Abuse

just my opinion. this counter will keep consolidating for weeks at least, to gain a momentum again. Failure to break last high on 3rd may (1.65) where it tried once on 17th May (1.58) means a correction is due. It will retest 1.36 at least. Bounce from there or breach it till 1.26.

I might be wrong, just an opinion from the chart.

Posted by baramundi80 > 2012-05-22 14:32 | Report Abuse

jjtrader...what happened to your confident on lamken and don't care fight til the end spirit which u loudly declared last few days...now thinking of exiting? hehehehe....

Posted by tradersam 56 > 2012-05-22 14:33 | Report Abuse

Agree with Usri. One owner fight with 3 CW issuer bankers....memang tough battle lah, not until CW expires! Will take sometime before it can rebound!...but when????

Posted by rookiemy > 2012-05-22 14:35 | Report Abuse

owner fight with 3 bankers? how come i dun see any!

Posted by rookiemy > 2012-05-22 14:36 | Report Abuse

so far all I see is hype and fear in you guys. No confident in JCY fundamental?

Posted by nubhan > 2012-05-22 14:40 | Report Abuse

of course jcy has good fundamental. just want to enter n exit at the right price bro. :)

Posted by Namoyaki Takarajima > 2012-05-22 14:40 | Report Abuse

nubhan, your break analysis and statistic is reliable.

Posted by baramundi80 > 2012-05-22 14:47 | Report Abuse

first and foremost...what makes you think the owner wants to fight with the bankers? IPO price was RM2 in 2010...the owner already sold part of their shares then...they couldn't care less what the current market price is. If they want to take it private they would have done it earlier when the price was 30-40sen...why wait til the price came up so substantially to now RM1.40-RM1.65 to do so. Think about it...furthermore, all good things are already factored in the price..unless there is new catalyst it's quite unlikely it'll go pass RM1.60.

Posted by Jjtrader > 2012-05-22 14:49 | Report Abuse

Bro Barack, I personally believe that what Lamken said is correct but the personl who goreng the shares showing another way. I have dump in 700+ k to this counter and now thing that the risk is to high and decided to cut loss. Just now just sold 200 k at RM 1.42. will wait till the price retrace further only reenter.

Posted by baramundi80 > 2012-05-22 14:58 | Report Abuse

bro jjtrader...the way u play really make u broker very happy lor....hehehe

Posted by baramundi80 > 2012-05-22 15:03 | Report Abuse

all jumping ship now....hehehehe

Posted by usry > 2012-05-22 15:04 | Report Abuse

i also foolow bro Jjtraders.. disposed all my holding at RM1.42
still have a good faith with this counter's fundemental but for this time being i'm afraid that i will burn.

Posted by NKN1 > 2012-05-22 15:07 | Report Abuse

aiyah when price at 30-40 sen it was a fair PE for JCY back then why want to privatise. Now at current price PE is undervalued mah, owner can make tons of money. then again owner may be content makan measly 2-3 sen dividend per share each quarter hahaha we only cannot make money

Posted by rookiemy > 2012-05-22 15:10 | Report Abuse

why sell if u have holding power and confident in this counter? U may have to rethink your strategy.

Posted by Jjtrader > 2012-05-22 15:10 | Report Abuse

Bro Barack, say is easy, you try to put 700 +k and hope that it will advance but instead it turn south from RM 1.57 to RM 1.38 in two days time and I bet you, can you still sleep well at night ?

Posted by baramundi80 > 2012-05-22 15:16 | Report Abuse

Bro jjtrader...if that will make u hard to sleep well then maybe u should re-look at your buying strategy la....trading is about managing risk not just hoping for large profit....700k on one counter is extremely big exposure...unless of course if u'r a multi millionaire...hehehe.

Posted by usry > 2012-05-22 15:17 | Report Abuse

bro rookimy: this not abut confident but for protection of capital. No use if i bought at RM1.20 last few month than keep for 2 month and suddently the price will go down at that level again.. better i sell first and reenter again at good price..

Posted by Fat Cat Tim Buddy > 2012-05-22 15:21 | Report Abuse

someone run away, someone must be trap , right? hahaha karma is a btich.

Posted by baramundi80 > 2012-05-22 15:22 | Report Abuse

20++sen profit in this type of market sentiment...of course it's a right move Usry...well done!

Posted by usry > 2012-05-22 15:25 | Report Abuse

bro baramudi80: thanks but feel sad coz i target this stock will fly to RM1.80 to RM2 by the way the promoted.. by the way thanks god i not burned..
will find a good time to reenter again..may be with the 'hit and run' technique..

Posted by Jjtrader > 2012-05-22 15:27 | Report Abuse

Bro bara, my share investment only about 20% of my investment portfolio I park 80 % of my investment in property market. after disposing 200 lots now I feel much better, It JCY go up I happy (Because I still holding 259 lots) If JCY go down I also happy ( because I can buy back cheaper) Either way. I am happy, Ha Ha Ha ! Very Ah Q spirit.

Posted by usry > 2012-05-22 15:31 | Report Abuse

Bro Jjtrader: Wow..proud of u.. u re very rich.. i only small investor with limited capital. 1 day i wish to become like u..

Posted by Horizon > 2012-05-22 15:38 | Report Abuse

At times like this, I belief that equity play is to go short term.

Fundamaental stocks may be your biggest nightmare because you tend to hold them even when prices are falling - common sense says 'good company, hold, will bounce back'. But the problem is global market is very choppy now. And in Malaysia we have the additional 'risk' of don't know when GE will be called. When the falling starts, everyone is for themselves. Even fund managers says 'scre PE'. Like bro usry said, this is about protection of capital

Fundamental or not, we are at very trying times. But volatility is good for day or short term trade. Real equity players love volatility. When buying to hold for returns, look at fundamentals. When buying for short term, look at liquidity and volatility.

My 2 sen.

Posted by Horizon > 2012-05-22 15:48 | Report Abuse

Bro jjtrader, if it makes you feel any better, you are not the only one who lost significant money in the past 2 weeks. I know exactly how you feel.

But fear not, there is a whole lot of counters out there for us to earn our gold.

Posted by NKN1 > 2012-05-22 15:56 | Report Abuse

i am contemplating trading full time as a source of income....anyone here doin that currently....what is your experience so far....is it risky? in term of monthly cash flow to sustain a living