oh hooi was so damn lucky. He got the lowest price at the end of the day at 1.75! But only one lot, or 100 shares traded. Cost include transaction is about =175+20=195. Oh shit, it is equivalent to 1.95 per share!
As refer to Chart, Padini is now down trending which I mentioned last week.
For TA, we will only buy on those rising stock as Malaysia cant short any counter except for shorted listing as published in Bursa Malaysia.
In order to justify the Fair Price / Intrisic Value, I really dont know how beside PE ratio & DY%. Hopes u may share to us.
Padini is going to ex-date 2c Dividend on 12.12.12(3), which is 2 more week ahead, I will monitor closely. Once technical rebound signal appear, will buy in.
So, be patient to wait for TA signal now and not simply simply buy 1 lot 1 lot for averaging strategy, will only costly to u transaction cost.
As KC Chongnz calculation, I totally agreed that, it will only kill those bottom fisher......
Our TA , also cant target any prices , bcos we r trend reader n follower , not Trend Creater.
For those forumer who can set/forseen/i think /I believe "Target Px" will be xxxxx .., is either he/she is 仙家莲 or 车大炮 , in order to mislead other to buy at support or chase high for them. ( as I was been cheated by others before )
Bcos , Trend Creater r those Market Maker, who would never show face in any public forum.
So, I know what I m looking for, through Chart. No 1 can influence me, even there is so called "Good Insider News".
I agreed with IMF_HAU, never trust any news or target price. I look for chart. it already show bad sign, I rather wait to see first instead of jumping in because of news. Hooi is smart investor and he has a lot of cash. So he can play slowly accumulation. But I am not, so I rather wait for see first
From the Daily transaction done on yesterday ( I saw it n save print screen ).
Or , those using RHB Security , currently can check the minutes chart to view the transaction done.
So . . . . Nothing can lie.
Hopes its help u to identify , who is lying and who is true bottom fishing.
By just simply type a word / sentense , is very meaningless. Those capble to catch the right bottom + big volume , congrate too. But dont misleading us to become "your" ash 炮灰。
I have made money on this stock on a few occasions. But I have a small paper loss now because I last bought at 1.90. I was monitoring Padini's price the whole day yesterday. I was tempted to buy when it fell to 1.75. But when I looked at its chart, I came away with a feeling that it would fall even more. I was right. And the price fell quickly after then. There was only a buy price at 1.69. Needless to say I wanted to buy at 1.69. But there was no sell price at 1.69. I queued for 1.69. Can't remember how many, but there were many orders ahead of mine. I was not able to buy at that price; and the price kept going up from then on. I must say Padini's rebound caught me off guard and I should think many others too because by just looking at the technicals, Padini was not on track for a rebound. It was heading all the way down. In any case, I feel the earlier sell-down was overdone.
PS: I'm new here. Best wishes and happy trading or investing!
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....
kcchongnz
6,684 posts
Posted by kcchongnz > 2012-11-30 17:02 | Report Abuse
oh hooi was so damn lucky. He got the lowest price at the end of the day at 1.75! But only one lot, or 100 shares traded. Cost include transaction is about =175+20=195. Oh shit, it is equivalent to 1.95 per share!