Posted by yus7888 > 2012-08-23 16:17 | Report Abuse

LOL, With attractive dividend yield, bought 80K at RM 1.08

Posted by rookiemy > 2012-08-23 16:18 | Report Abuse

dknycom: yesterday was definitely a no buy.

Posted by rookiemy > 2012-08-23 16:18 | Report Abuse

KC: that is all that matters. ^_^

Posted by raviy2k13 > 2012-08-23 16:18 | Report Abuse

don't cry but try to average down...buy at $1.08-$1.13

Posted by rookiemy > 2012-08-23 16:19 | Report Abuse

raviy2k13: my advice is dun pump in extra cash to average down.

Posted by yus7888 > 2012-08-23 16:20 | Report Abuse

FA doesnt mean the share wont drop but have to grab more while the market in panic

Posted by dknycom > 2012-08-23 16:22 | Report Abuse

tomorrow may break rm 1.00 if continue to drop like this.
what is happening?

Posted by rookiemy > 2012-08-23 16:25 | Report Abuse

DUnkin: imagine it this way: if you sell all your jcy todays @ opening 1.34 then buy back @ say 1.14, you are effectively lowering your cost. i.e. pocket 20cents for each JCY share u are holding. hope this simple explanation helps.

Posted by dknycom > 2012-08-23 16:28 | Report Abuse

no moods today. jcy. such a letdown counter.

Posted by Namoyaki Takarajima > 2012-08-23 16:30 | Report Abuse

ledzepp, 1.14? QUICK IN-QUICK OUT!

Posted by waily > 2012-08-23 16:31 | Report Abuse

Next support level Rm1.04

Posted by KC Loh > 2012-08-23 16:32 | Report Abuse

have a look at one of the page i managed to copy, what was the price the "sharks" were waiting for you all!

https://www.dropbox.com/s/u4kffksh3rbv5bx/JCY%20buy%20back.png

Posted by KC Loh > 2012-08-23 16:32 | Report Abuse

their buyback volume is definitely bigger than selling, common sense! :)

Posted by Ngai Chee Weng > 2012-08-23 16:37 | Report Abuse

so buy rate how many %?

Posted by Fat Cat Tim Buddy > 2012-08-23 16:39 | Report Abuse

wow such a crazy day.. all those smartass analyst , fundamental & technical analysis all can throw to dustbin already.

my 2 cent advise, don't average down , at least not now, some more tomorrow is friday, save your capital, don't get panic selling or buying, and again.. save your capital, dont all go in, liquidity is most important :)

wish you all make it, those who losing money, dont despair, you can make it another day, just take this a a stock tuition fees..

Posted by Lynch > 2012-08-23 16:40 | Report Abuse

walao~~What happen to this stock??? waterfall-ing...

Posted by DUnkin Lau > 2012-08-23 16:41 | Report Abuse

expensive tuition fees indeed

Posted by DUnkin Lau > 2012-08-23 16:42 | Report Abuse

Thanks Rookiemy for ur explanation.

Posted by Namoyaki Takarajima > 2012-08-23 16:44 | Report Abuse

KC, Cant open this tread/addrs.
https://www.dropbox.com/s/u4kffksh3rbv5bx/JCY%20buy%20back.png

Posted by Namoyaki Takarajima > 2012-08-23 16:46 | Report Abuse

KC, ok now. Software upgraded. Can you pls print screen where JCY are at 1.07-1.08/1.09 just now. Thanks in advance.

Posted by KC Loh > 2012-08-23 16:46 | Report Abuse

mine came out alright?

https://www.dropbox.com/s/u4kffksh3rbv5bx/JCY%20buy%20back.png

Posted by Genius Y > 2012-08-23 16:47 | Report Abuse

http://www.theedgemalaysia.com/business-news/219067-jcy-shares-hit-again-after-3q-results-falls-19.html

Posted by tonylim > 2012-08-23 16:48 | Report Abuse

Guys, sorry to chip in. I dont own any JCY. Think carefully if averaging down.
yus7888, I like your last 2 postings.

Posted by Genius Y > 2012-08-23 16:50 | Report Abuse

Read the prospect of JCY in The Edge daily today,

http://www.theedgemalaysia.com/business-news/219067-jcy-shares-hit-again-after-3q-results-falls-19.html

One word gloomy, OSK seeing quicker erosion in next Quarter.

Posted by KC Loh > 2012-08-23 16:51 | Report Abuse

https://www.dropbox.com/s/mnmbogweju6gj4h/jcy%20buy%20back%202.png

1.08 range

Posted by Genius Y > 2012-08-23 16:52 | Report Abuse

JCY falls to 5-month low on HDD outlook woes
By Joseph Chin

KUALA LUMPUR: Shares of JCY International Bhd fell to a five-month low of RM1.12 in late afternoon trade on Thursday on concerns about the weakening outlook for the hard-disk drive manufacturing industry as PC sales slumped.

At 3.10pm, it was down 22 sen to RM1.12 as trading volume surged to 39.64 million shares.

The FBM KLCI fell 1.3 points to 1,650.95. Turnover was 775.52 million shares valued at RM707.05mil. There were 255 gainers, 397 losers and 315 counters unchanged.

On Aug 16, CIMB Equities Research lowered its target price for JCY from RM2.22 to RM1.41 and advised investors to lock in profits as earnings have peaked in the near term and the share price is unlikely to outperform.

It had also said that JCY's nine-month net profit for the period ended June 30, 2012 at 59% of FY12 forecast and 82% of consensus, 9MFY9/12 net profit was 10% ahead of consensus but 43% below its.

"Factoring in lower sales and gross margins, we slash our forecasts and cut the stock from Trading Buy to Neutral as near-term earnings deceleration will cap upside. Our target price is still based on 6 times CY13 P/E, in line with its peers," it said.

CIMB Research said although JCY still expected to see significant on-year profit growth in 4QFY9/13, "we believe that it will see further sequential contraction as both WD and Seagate have guided flat on-quarter volume growth in the September quarter.

"We also understand from our industry contacts that current build plans for WD and Seagate point to low single-digit qoq growth in the traditionally busiest December quarter," it said.

Meanwhile, wire reports said Hewlett-Packard swung to a US$8.9bil quarterly loss as personal computer sales shrank again and it swallowed a huge write-down linked to its US$13.9bil purchase of Electronic Data Systems.

Dell Inc reported an 18% drop in profit during its fiscal second quarter as revenue fell 7.5% on a steep decline in sales of desktop and notebook computers, wire reports said.

Posted by Genius Y > 2012-08-23 16:55 | Report Abuse

1. weakening outlook for the hard-disk drive manufacturing industry as PC sales slumped.

2.CIMB Equities Research advised investors to lock in profits as earnings have peaked in the near term and the share price is unlikely to outperform.

Posted by ledzepp > 2012-08-23 16:56 | Report Abuse

Can't trust those analysts. One day they sing praises, next day downgrade.

Posted by Ngai Chee Weng > 2012-08-23 16:57 | Report Abuse

wow, genius Y. i guess that explain the recent huge drop.

Posted by Namoyaki Takarajima > 2012-08-23 16:57 | Report Abuse

For Traders, Cut Loss is better than Average Down, because Traders need the limit (bank limit/allocation) to be back in action the next day; cover back the loss today by tomorrow. You live, You learn.

Posted by nyyew > 2012-08-23 17:01 | Report Abuse

Yes.. I'am agree.... Rather than wasting your credit... Instead you can earn something frm other counters...

Posted by Fat Cat Tim Buddy > 2012-08-23 17:01 | Report Abuse

lamken, where is the 2 appetizer? mother share very precious? then why people sell it like a spoiled banana?

RM 4 per share? ya thats possible.. if jcy decide to reverse stock split 4:1

Posted by KC Loh > 2012-08-23 17:02 | Report Abuse

sorry ledzepp, didn't end 1.15 as i expected, only briefly touching it once! :(

Posted by Namoyaki Takarajima > 2012-08-23 17:05 | Report Abuse

KC, VOL:67.2Mil is still there right? If you/traders are at T-0 today, why worry, tomorrow is only T-1, then we have a super-nice weekend to restructure.

Posted by Melvin Gan > 2012-08-23 17:05 | Report Abuse

issh should wait it drop lower to collect!

Posted by jacklok > 2012-08-23 17:08 | Report Abuse

Very negative outlook from the report. Need to analyse carefully before going in.

Posted by KC Loh > 2012-08-23 17:09 | Report Abuse

That's exactly the point Namo. Big boys have scoop of the story already, and were pressing it down. look at the size of their buying lot waiting for the price to reach there! really crazy these penny stock sometimes!

That's why RC hang around these 3rd-tier counters! :)

Posted by lennon > 2012-08-23 17:14 | Report Abuse

kcloh from where u get all the prices u post in drop box just now

Posted by Namoyaki Takarajima > 2012-08-23 17:15 | Report Abuse

Dang! 1.08/1.09 Syndicate Strategy (Posted by KC, ref: webb addrs above).
They BUY at 1.08/1.09/1.10, they put up a block at 1.07/1.08.
P.s: This is why some of the traders have 4 to 5 accounts with 7 to 8 screen!

Posted by dknycom > 2012-08-23 17:19 | Report Abuse

I can estimate tomorrow JCY will drop again sharply.
Lower than RM 1.00 is possible as current condition.

Posted by Genius Y > 2012-08-23 17:29 | Report Abuse

1.00 is predictable, is just matter of time. maybe 1 day, 3 months, 6 months when next quarter results released.

Posted by daRRenL > 2012-08-23 17:32 | Report Abuse

im betting the seller won't let it slip below 1.
just a wild guess =P

Posted by Namoyaki Takarajima > 2012-08-23 17:36 | Report Abuse

GG, dk, going for RM1.0 meaning a Price Correction already. RM1.0 was hit on 28th December last year. P.s: This counter was manipulated by the The Syndicate.

Posted by Lynch > 2012-08-23 17:52 | Report Abuse

this counter can short sell ker??

Posted by Lynch > 2012-08-23 17:54 | Report Abuse

very abnormal...sometimes I checked some stock info especially those KLCI stocks, stated "Short selling allowed", allowable for whom exactly??? As I know malaysia banned short sell...

Posted by Namoyaki Takarajima > 2012-08-23 17:59 | Report Abuse

Lynch, Hah! The Crooks! That will make the markets alive. HKSE benn practise tht since long ago. But they (HKSE) are the real open market. KLSE is different.

Posted by Lynch > 2012-08-23 18:09 | Report Abuse

I see... Thanks for the info, very helpful. =) I'm a freshie in Stock market, still in learning. But, can we invest in HongKong stock market? then how to open account to trade/invest in HKSE? Any local/foreign bank dealer to recommend?

Posted by Namoyaki Takarajima > 2012-08-23 18:25 | Report Abuse

Lynch, of course we can. A Local CDS aacount with certain bank allowed you to trade overseas as well. If you prefer to be/join in the group, You can get in touch with CP TEH, he is actively in HKSE now.

Posted by Lynch > 2012-08-23 18:43 | Report Abuse

Okie! found the blog, Thanks alot! =)

Posted by Mat Cendana > 2012-08-23 20:01 | Report Abuse

Kenanga's Alex Liu got it right with his "Tipping Point" post which came out on Friday 17/8/2012, just before the long weekend. Although he didn't directly say "Don't buy", the message was clear:
http://nexttrade.blogspot.com/2012/08/jcy-crossed-tipping-point.html