sardin81 so everyone is hoping that KNM will be pressed down even further ? you people are terrible... I hope KNM will rebound before all of you can buy anything. 13/03/2020 1:55 PM
the fact it did dropped from 47 cents until now and keeping drop. what you expect? why u said knm warrior terrible.
Can I advise you something. Most of these IDSS sellers are syndicate players. They work in a group to buy and sell. They have queues at both buy and sell at the same time, so called shifting shares from right pocket to left pocket and vice versa. Their aim is like everyone here, to make money. Blaming them is useless. We need to learn to follow the tide. They have deep pockets and small retailers cannot win against them. Their aggressive selling in a bear market create fears resulting in panic selling where herd instinct kick in. They attack strongest when there are margin calls on the shares which is a vicious cycle. The more the IB sell to cover back the margin %, the lower the prices get and hence more selling which lowers the prices even more.
When its falling, you wont know the bottom. Many times during downtrend, there will be small increase ( dead cat bouncing). I had painful experience during 2008 and 2015 crash. So best is to stand aside. THIS IS JUST THE BEGINNING OF A LONG PAINFULL FALL......
neemdom Average down again at 0.115 today,hope don't go down again 13/03/2020 5:14 PM
Wow, Amazing ! As at 5.35 p.m, Dow Jones Futures a big green now at => 21,773.0 (+688.0) (+3.26%) ! Like that next monday onwards will be a bull market coming already lah !
no hard feeling sardine.until now i didnt sell any of my knm shares.been holding i think one year already..i also keep top up & average down my share price.
Sardin81 - sorry I strongly disagree on your views of selling and buy back. As follows please find a hypothetical situation where someone bought 10,000 shares at 0.60 and cut loss at 0.50. Then they buy back 50,000 shares at 0.10. This is much better than doing nothing. Just my 2 cents opinion. Once again sorry you you get offended.
Kanm100 Everyone is attacking sardine. Maybe one day all will gratitude to sardine. Hahaha
bro.dont worry about sardine.even everyone attack sardine , sardine dont feel anything.his face very thick.bullet cannot go through..made in Germany.hahaha
guys, here is some TA observations for reference :
1) A Death Crossover by Mar 9th, 2020 Monday SMA 200 > SMA 90 => price drop from 0.165 (highest) to 0.13 (lowest).
The last golden crossover was SMA 90 > SMA 200 by May 30th, 2019, a beginning of uptrend since then and price surge up all the way from 0.19 to highest 0.475 by Nov 8th, 2019.
This week Monday Mar 9th, 2020, SMA 200 for the first time crossover > SMA 90, this Death Crossover is totally opposite to the golden crossover last year. It is a significant milestone to expedite the current downtrend.
2) SMA 200 start to trend down by today Mar 13th, Black Friday. SMA 200 had been on uptrend since Jul 1st, 2019 and stagnant (flat) since Feb 28th, 2020. Today is the first time SMA 200 trending down => lowest price today = 0.11. It is an important bearish signal that all the SMAs, be it short term or long term, all (SMA 3 to SMA 200) are on downtrend, it is a super bearish signal.
3) All the SMAs (3 days to 200 days) all are steeply downwards with clear segregation of each line & with no overlapping. The direction is clearly toward south and with no sign of reversal or rebound. Within this month the price shall reach < 0.1 unless there is an exceptional & unexpected super good news to be announced.
If we take the last downtrend as reference :
Nov 26th, 2018, lowest price = 0.11 => equivalent to today's lowest Dec 10th, 2018, lowest price = 0.095 => interval about 2 weeks from 0.11 to 0.095 Dec 17th, 2018, lowest price = 0.07 => interval about 1 week from 0.095 to 0.07
Dec 31st, 2018, lowest price = 0.075 => interval about 2 weeks rebound from 0.07 to 0.075 (have 2 weeks window to buy at bottom 0.07/0.08)
Feb 11th, 2019, highest price = 0.115 => interval about 1 month+ rebound to above > 0.1 (total have two months window to buy at < 0.1)
Jun 24th, 2019, highest price = 0.26 => interval about 4 months+ rebound > 126% (0.115 to 0.26)
Nov 4th, 2019, highest price = 0.475 => interval about 4 months+ rebound another > 80% (0.26 to 0.475)
Summary:
Total lead-time needed from 0.11 (lowest) to 0.07 (lowest) = 21 days (3 weeks). Total rebound from 0.07 to 0.475 = 578% Total lead-time needed from 0.07 to 0.475 = around 11 months.
Target 0.07 will reach by first week of April if there is no exceptional & unexpected super good news to be announced.
Charts and TA doesn't work during recessions. The SMA crossovers might be just a simple rebound during a large downtrend. Patience is the game.
I agree with @steve928. Cut lose when it's down 10%-20%. Then buy back at lowee 50%-60%. Another way is to average down. However it doesn't work with current market situation.
If you're already down >40% paperloss. Go away, come back in 3 months time. There is no overnight borsig ethanol miracle.
steve928 Sardin81 - sorry I strongly disagree on your views of selling and buy back. As follows please find a hypothetical situation where someone bought 10,000 shares at 0.60 and cut loss at 0.50. Then they buy back 50,000 shares at 0.10. This is much better than doing nothing. Just my 2 cents opinion. Once again sorry you you get offended.
Walaoeh, unbelievable ! Dow Jones closed at a superb green (spike up nearly a 2,000 points) at => 23,185.62 +1,985.00 (9.36%)
Like that next monday onwards definitely will be a bull market coming already lah ! KLSE at least will spike up 100 points and KNM at least will be opened at 0.17 (+0.05) (+41.7%) and closed at. 0.25 (+0.13) (+108.3%) !
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....
investortrader88
3,233 posts
Posted by investortrader88 > 2020-03-13 13:54 | Report Abuse
during crisis those who have cash is king.who have srong holding power will be the winner !