Thursday, 30 Apr 2009
5:04PM Employees Provident Fund Board (6,500,000 Shares Acquired)

EPF support still strong.

Yeah, Monday I sold coz i was worried about the flu. I wanted to double check how would the flu affect KNM's business first.

Then after reading up more about the flu, I cannot see any corellation between the flu and KNM's oil & gas business... so I bought back.

cute_boiboi: how much % of your KNM portfolio did you sell?

Haha.. that's great, so you're still in it for the long run! Good on you

CKC is right, the pattern is repeating itself again for KNM today.

It shoots off the block first! Then retracts.

And now, it is the calm before the storm....

Then now comes the phase for a stand-off between the two rocks of Mr. Green and Mr. Red!

This is where Mr. Green prepares for the surprise attack... hehe

Not if Mr. Red gets to it first.. haha.

C'mon Mr.Green, you can do it!

I'm holding... all 100% of my bullets stored in KNM haha

This post has been edited by chilaxis: May 4 2009, 10:29 AM

Here comes the counter-attack..

One thing's for sure though, is that the volume is on track to match last Thursday's..

And another surety (at least to me it is ) is that if CI moves upwards again, confirm the 0.600 rock will be removed with minimum resistance

Here it come bros..

Based on technical analysis, first resistance was 0.590.. we broke that. Then psychological resistance at 0.600.. broke that. Next is 0.620... if that breaks, then the next will be all the way to 0.655 liao

My observation and 2 cent's only ah, pls don't take it as an advice

Haha.. now what if you untung?

Hahaha..

Gosh at this rate, I think we might even break last Thursday's volume within this morning session... look at KNM go

aed_ee: What do you think the intrinsic value of KNM is?

taikin: Right on. However, that strategy only works for good fundamental companies (e.g. most blue chips). For that strategy, be prepared to lose 50% of your capital, but still hang on... Not an easy mentality to adopt! But will pay well in the long run.

I must admit, I'm finding it tough to adopt this strategy 100%..I will sometimes freak out when it goes up too high too fast! Even when it's still below the intrinsic value i believe of the company...

aed_ee: Steady. I think that's what most investment house research reports are saying right now.. the intrinsic value of KNM between 0.65 to 0.85.

So imho the stock price moving upwards just reflects that the investor's confidence level is back, and are believing that KNM is undervalued.

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Added on May 4, 2009, 11:27 amThis I agree too..unfortunately more so for penny stocks like KNM.

This post has been edited by chilaxis: May 4 2009, 11:27 AM

LoL this is a good one.
During the interview, he'd be hiding under a shadow, speaking using a fake voice...

If KNM touches 0.620 today.. i'll have hit my first RM100,000... the roller-coaster ride for the past 4 months leading up to this (at one point down RM25,000)... I am in utter disbelief ...

Good on you KNM and management for keeping a steady ship, and thanks also to the KNM Traders Club's support in providing steady insights (especially CKC) you guys rock~ may u guys continue to rock on!!!

Now... 0.005 more..