KNM selling pressure has reduced as compared to last week.
Technical charts indicate a further rebound.

if i not mistaken, ecm libra put a buy call on knm with a tp of 1.05..hmm dunno whether to trust

thx mate, i've got an attractive rate at 11.95 per trade without annual fees my own bank HSBC. gonna get that account in 3 days and i'm off making money off the FTSE!!

got quite a fair bit to learn there. market behaviour all diff to asian markets

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Added on September 17, 2009, 12:33 ambravo!

it's a really strong call. i recall my own FV of KNM to be around 95 sens based on EPS & peer PER but now revised to a quick selloff at around 85 sens because i don't want to wait any longer..

tbh i don't trust ECM/Maybank IB's calls no offence


This post has been edited by teehk_tee: Sep 17 2009, 12:33 AM

Hope next time to learn technical charts, although Uncle Sam always shoot technical analysis until they are worth close to nothing.

you've only heard the good side of it.
my luck with technicals is about 50-50.

the charts were slightly bullish for a very short term buy when i first entered KNM at 86.5 sens, was thinking.. maybe can shoot up to 93/94 sens in about 5 days. it did shoot up but fail to break 91 sens, then unexpectedly Smallcap dumped KNM en masse.

best to mix them with market sentiment, a lil bit of news/rumours and most importantly fundamentals.

until now i still got no balls to goreng loss-making chips based purely on technicals. so you gotta teach me thereeeeeeeee

This post has been edited by teehk_tee: Sep 17 2009, 12:38 AM

wouldn't it be doubly-hard to monitor stocks from afar?
To adapt to different behaviours of market, wouldn't it be exposure to wider risks?

In fact, I experience it. Sometimes I bought some shares, when TA is asking to sell, but eventually it goes up and when that happen, TA suddenly indicate buy call or strong rebound or whatever we can call it. But then again, people might call this luck

I plan to learn both TA and FA so that I can do some comparison

This post has been edited by jasontoh: Sep 17 2009, 12:40 AM

haha, i've watched many boats leave without me this way

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Added on September 17, 2009, 12:45 amyou're right but right now i'm based in the UK for studies so i'm no longer going short term on KLCI, got 1 mid term stock and i'm planning to look for at least 3 more stocks in early-mid Oct to hold till January at least.

will be short term in the UK since i'm here but i'd have to monitor and learn and do research before i go into the markets like what i did before KLCI. boy.. the market behaviour here sure is different. wilder somemore

This post has been edited by teehk_tee: Sep 17 2009, 12:45 AM

Surprisingly sometimes we still think our chart reading is soooo good, that we end up earning a lot less. I also missed a lot of boats and at the same time earn less, because some technical analysis saying sell while I should be confident in that stocks

Anyway, still good for reference

This post has been edited by jasontoh: Sep 17 2009, 12:46 AM

Jason - Mate.....
Please DO NOT trust TA charts...it is all smoke and mirrors......IMHO

It was extensive use of technical charts that convinced me (at the time) to buy MUHIBAH six weeks ago....

What an absolute DOG!

Should have stuck to my own judgement and ignored the TA analysts.....

HAHAHAHA. that's real hilarious.
luckily it wasn't me that recommended Muhibah else i'd be in deep shiat now

yeah agreedddd
we need to change TA into EPA(Entry Point Analysis) that'll make things less risky!

no wonder stomping into FTSE, you are actually there!
Since you are there, should be trading there....ahh.... your trading gonna be a lot more exciting than here.

You can trust KNM to make you money - eventually....
I sold all my KNM on June 10th at 1.03....
Highest it got was 1.07 and - at that time - a lot of "analysts/sifus" were forecasting 1.3xxx

The Chad deal frightened a lot of people off....

Also - I don't buy this story about the Oz project......

I believe FA is more reliable than TA.
FA is based on facts, TA is based on readings that twists & turns the facts but provide you a teeny-wee bit guideline.

hahaha i've absolutely no idea what to expect here. will get my fresh blast of british reality really soon

i still won't forget my homeground KLCI definitely. make some money come back then goreng goreng sikit.

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Added on September 17, 2009, 1:00 amwowwwww if it's coming from david. gotta be true.

This post has been edited by teehk_tee: Sep 17 2009, 01:00 AM

The problem is that so many Chinese guys are in love with charts....part of the culture and Feng Shui culture that a chart with a graph or a curve is much more convincing psychologically than FA analysis which requires a much broader perspective.

No offence...just my 2 cents.......

should i agree?

After a few months in that hell-hole you are in now - inevitably - you will!!!!

You are there to be "EDUCATED".......

This post has been edited by David_Brent: Sep 17 2009, 01:05 AM

education need tuition fees right?

Uncle Jones look after us:
9,790.57 +107.16 (1.11%)

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Added on September 17, 2009, 2:07 amVery true - and it's not getting cheaper....
No deflation in the education business.....

Maybe I should buy HELP......

This post has been edited by David_Brent: Sep 17 2009, 02:13 AM