Posted by zuolun > 2014-06-10 15:04 | Report Abuse

Leesk, Based on TA, the current strong selling pressure on Parkson is known as "climatic sell-off". It is normally followed by a dead cat bounce at the Fibonacci retracement level when a stock is extremely oversold.

Posted by AdCool > 2014-06-10 15:11 | Report Abuse

The announcement through Bursa is sometime delayed. The governance isn't that strong actually and that give the big fish some leeway to cash out.

Posted by Goldenpointer > 2014-06-10 15:14 | Report Abuse

thanks, zuolun

Posted by zuolun > 2014-06-10 15:43 | Report Abuse

Goldenpointer, This type of strong selling pressure always happens in longterm downtrend stocks. Parkson's strong downtrend is a prime target for short-selling. Whenever the share price hits a record low, it will trigger more short-selling. So it is not advisable to catch a falling knife especially at the beginning of the selling. However, these short-sellers need to buy back in order to make a profit. The dead cat bounce will only happen when they do massive short-covering with high volume which will temporary push up the share price.

Posted by zuolun > 2014-06-10 15:54 | Report Abuse

Rise Of The Online Titans http://english.caixin.com/2012-08-16/100424975.html

Posted by hng33 > 2014-06-10 16:22 | Report Abuse

Bought Parkson at 2.35

Posted by Fatty8823 > 2014-06-10 21:06 | Report Abuse

it will further downward. the candlestick doesn't showing any re-bounce sign. lol. hng33, 2.2-2.0 possible happen

Posted by zuolun > 2014-06-11 00:20 | Report Abuse

hng33, Don't waste your bullets to average down whenever the share price hits a lower low. Wait patiently for the price to come to you. Parkson is a strong downtrend stock only good for short, not long. Even if there is a dead cat bounce, it is not sustainable.

Posted by beso > 2014-06-11 00:27 | Report Abuse

downtrend, dont catch the falling knife

Posted by zuolun > 2014-06-11 00:31 | Report Abuse

Fatt8823, Should the share price hit RM 2.27,and breakdown convincingly with high volume, the next TP is at RM 2.07.

Posted by zuolun > 2014-06-11 00:33 | Report Abuse

http://i1127.photobucket.com/albums/l630/zuolun/Parkson565710Jun2014_zps6cacf0f1.png

Posted by hng33 > 2014-06-11 09:11 | Report Abuse

Fatty8823 and zuolun

Thanks, but don't worry, I have my strategy :D)

Posted by zuolun > 2014-06-11 10:03 | Report Abuse

Always Be Respectful http://microcapclub.com/2014/06/always-be-respectful/

Posted by johnny cash > 2014-06-11 13:34 |

Post removed.Why?

Posted by johnny cash > 2014-06-11 13:36 |

Post removed.Why?

Posted by kct153 > 2014-06-11 14:26 | Report Abuse

is time to monitor on this...

Posted by benson911 > 2014-06-11 15:06 | Report Abuse

serious falling knife...............

Posted by TonsilBasher > 2014-06-11 17:56 | Report Abuse

In my opinion this stock is oversold

Posted by Alex Lim > 2014-06-11 19:11 | Report Abuse

burnt....

Posted by Win188 > 2014-06-11 19:32 | Report Abuse

hopefully rebound....

Posted by chang0509 > 2014-06-11 20:11 | Report Abuse

When people pessimistic, u shud optimistic base on fact and ur judgement on the company. Will parkson goes bankrupt in the worse case scenario? Will parkson bounce back when china economy is good? Judge Urself.

Posted by angelinaloke > 2014-06-11 20:28 | Report Abuse

I believed quite a lot of people holding above RM4-7, how can these people's be optimistic ?

Posted by jolie2 > 2014-06-11 20:40 | Report Abuse

Jan 2012 - Dec 2012 : Drop from 5.90 to 4.90 === rm 1 drop
Jan 2013 - Dec 2013 : Drop from 4.90 to 2.90 === rm 2 drop
Jan 2014 - Jun 2014 : Drop from 2.90 to 2.34 == rm 0.56 drop

Near to 3 years full of bad luck. Where go anymore optimistic left ? Optimistic also become negative.

Posted by calvintaneng > 2014-06-11 20:50 | Report Abuse

Parkson was called Amalgamated Containers at RM1.20. For those who bought at RM1.20 still make double at RM2.34 with dividends.

It was the name change from A. Con to Parkson that caused Parkson to Sky Rocket to a High of RM9.90.

For those who don't know history and bought A. Con at RM9.90 has definitely entered inside a container.

So better learn history.


With all the hype about China - Parkson is facing cut throat competition. Even Walmart gave up


Another counter called Transmile also depend on China Theme Play To Skyrocket to RM15.00

Special freight license to China. Imagine the profits. And Robert Kuok also an investor.

In the end Transmile disappeared like MH370 plus Robert Kuok & POS monies also

Posted by InvestorSpecialist > 2014-06-11 22:32 | Report Abuse

There is No good share nor bad share in the market, its all depend on the Right Timing...
I think the right timing has arrived to us very soon at 2.200
I am ready to go... God bless me !

Posted by Win188 > 2014-06-12 08:11 | Report Abuse

Any infor about who is keep on selling PHB?
Thanks.

Posted by agentsmith > 2014-06-12 09:55 | Report Abuse

I think traders keep on selling..
No announcement in Bursa regarding major shareholder selldown..
Just my theory, perhaps the management purposely suppress the price so that they can buy back at cheaper price.. for whatever reason, raising cash, privatisation, taking major position..

Posted by 754232 > 2014-06-12 09:56 | Report Abuse

It"s really a bad time for Parkson holding. The price may plug to Rm1.50 at this month end..Everybody said just keep selling...

Posted by agentsmith > 2014-06-12 09:58 | Report Abuse

At $1.5 it will be a super duper megasale bargain..
NTA 2.6++, PE will be circa 12, 13..

Posted by angelinaloke > 2014-06-12 10:19 | Report Abuse

less then 3wks loss 90cent from recent high( 3.20). really shit stocks.
imagine to gain back 90cent from a share is not easy and not possible in 3wks time :( . can not smile d..

Posted by AdCool > 2014-06-12 10:23 | Report Abuse

Just dont catch the falling knife. HOLD.

Posted by agentsmith > 2014-06-12 10:57 | Report Abuse

So whats ur target to enter Adcool??
$2 seems good enough..

Posted by speakup > 2014-06-12 10:58 | Report Abuse

so will parkson give another share dividend from share buyback?

Posted by jolie2 > 2014-06-12 11:02 | Report Abuse

goal , goal , goal, ....................... ole, ole, ole
down, down, down, ................... ole, ole ,ole
Happy world cup,
Brazil 1 , Parkson 0
Let support the killers , and cheer it down so that it provide more opportunities for poor retailers like us to buy.

Posted by AdCool > 2014-06-12 11:23 | Report Abuse

agentsmith, I wont enter until Parkson released its next quarterly results in August 2014.

Posted by agentsmith > 2014-06-12 12:09 | Report Abuse

The thing is, if waitbuntil next quarter result and the result is promising, we wont get the lowest price.
But again, the current selldown might be spurred from insider knowledge ahead of the financial rsult.. stock market always works ahead of time..
The next financial result might have factored in...

Posted by zuolun > 2014-06-12 12:10 | Report Abuse

Parkson's continuous strong downtrend will prevail.

To make consistent profit from Parkson, instead of buy high sell higher, do the opposite; short-sell and buy-back at lower.

1. Trade in the direction of the major trend; if it's falling you should be short, not long.

2. End trades that show a loss, never average down a stock and become an involuntary investor by holding onto a stock whose price has fallen.

3. Go long when a stock hits a new high, sell short when it hits a new low.

4. A stock is never too high to buy and never too low to short.

Posted by zuolun > 2014-06-12 12:30 | Report Abuse

The practice of buy low sell high (contrarian investing) applies only when the share price hits rock-bottom. The current downside price movement on Parkson is not showing any signs of bottoming out; it is still spiralling down.

Posted by Goldenpointer > 2014-06-12 12:32 | Report Abuse

still waiting for the signal to buy my 1st lot

Posted by beso > 2014-06-12 12:48 | Report Abuse

never riding on a downtrend stock，it only make you loss more
exp espirit hk exchange downtrend from hk60+ to as low as 8+

Posted by zuolun > 2014-06-12 14:17 | Report Abuse

beso, Esprit (0330.HK) is now traded @ HK$11.26, showing a +ve sign of bottoming out. The stock had peaked at HK$120+ and then collapsed to rock-bottom at HK$8+ (- > 90%) retesting the low of year 2002 (refer to below Esprit chart year 2002 to Jun 2014).. On a measured move, if Parkson were to go down the same as Esprit, the rock-bottom price would be > 50% of current price at RM 2.31.

http://i1127.photobucket.com/albums/l630/zuolun/Esprit0330HK2002toJun2014_zpsc70f9078.png

Posted by zuolun > 2014-06-12 14:24 | Report Abuse

Note: DOWN > 50% of current price at RM 2.31 is approx. RM 1.00 to RM 1.15.

Posted by AdCool > 2014-06-12 14:50 | Report Abuse

There would be no best time or worst time to enter the shares market. You may think it's bottom out but it may even go down further. Same applies to the opposite trend whereby you think it may go up further but it comes down instead or it has already reached its peak but it still break its record high.

Hence, you got to be discipline and stick to your strategy and plan. Some may prefer to average it, some may wait and see, some may cut loss and look for other counters to invest, some as shared by zuolon, short sell.

But if you are selling your own shares, you don't really make actual profits in short sell. It s more to maintaining your position in the counter but am getting back part of your initial investment. You would still lose out in term of brokerage fees and stamp duty.

Posted by AdCool > 2014-06-12 14:54 | Report Abuse

agentsmith, even if the results is positive by next quarter, the shares price has already been oversold for the past and by paying a little bit extra for it, it won't be too taxing. It s impossible to time for the lowest price. You follow your strategy and be discipline and adjust when it s required. Cash movement in investment is important too.

Posted by benson911 > 2014-06-12 14:55 | Report Abuse

Why not look at Padini, i think better than Parkson..............

Posted by speakup > 2014-06-12 15:10 | Report Abuse

Padini not syariah compliant.

Posted by hng33 > 2014-06-12 16:04 | Report Abuse

Bought more parkson at 2.31-2.32

Posted by zuolun > 2014-06-12 16:22 | Report Abuse

AdCool, Precise timing to buy and sell stocks is the main purpose of using TA as an effective tool to gauge the probability of a stock's direction (long-term as well as short-term), From a TA perspective, Parkson is definitely not a buy and hold stock at RM 2.31 for long-term investment, at this point of time; at best it is merely a short-term trading buy.

Posted by Victor Tai Yong Sheng > 2014-06-12 16:30 | Report Abuse

I still believe in CHINA AH PEK PARKSON company. Bought @ RM 2.37 & plan to hold it for another a year. Let see what happen then?

Posted by AdCool > 2014-06-12 16:41 | Report Abuse

zuolun, TA may not make sense in some counters as human is way too emotional to make any rational / logical decisions based on Technical Analysis. When there s emotion involvement, the whole thing just wont make sense anymore. Share markets are full of emotions. :)