Bro Omione, dun need to be too worry about the hanging man candle formation because in Malaysia bolehland this hanging man always turn up to be a hammer instead. Hopefully this time is correct also. Cheer & Happy trading !

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Added on April 20, 2012, 11:54 pmHi bro Omione, after I check through the weekly chart there is no hanging man formation. The three white candle is likely to be three white soldiers which is a bullish continuation patterns so next week should be a good week for JCY and this time it will Break the RM 1.40 - 1.41 strong resistance (predict it will happen on Wednesday/Thursday) after that it should forward to challenge the year high of RM 1.50 which also is Wave 3 v . I also dun discount the possibility of an extended Elliot Wave 5 run towards RM 1.76 over the medium term if the uptrend is healthy. (this is only my opinion). happy trading

This post has been edited by Killtrader: Apr 20 2012, 11:54 PM

Hi all, I am a newbie here. Any suggestion on the general election coming on around June? Whether it will affect the share price of JCY dramtically even if it second quarter performance is achieving the expected level?

Mates.. Good job man. It is the results of teamwork. We manage to make it. It has already broken RM1.45. Let's make a big big gain b4 the GE... >>>RM1.80.... Then, tutup kedai. LOL

Welcome John,
According to rumours, PM might have some annoucement this Friday, the day the b4 Bersih. The GE has no impact on JCY at all, given tht JCY is not under any GLCs funds. JCY is expected to post big big gain this time on YoY basis and smaller gain on QoQ..

Tks for your explanation ^^
but can u tell me what is YoY and QoQ? Appreciat your explaination and forgive my "newbeeness", Tks

Another record high, RM1.57>>>>touching RM1.80 soon. Thanks for everyone's efforts

YoY means year-on-year while q-o-q means quarter on quarter

tks for your explaination

good job.

So what happen to OSk conspiracy to push the price down?

JCY is temporary resting, According to market rumours there are 2 good news going to be announced together with good quarterly results, these news should be able to drive the share price to hit the target of RM 1.76 first then follow by RM 1.92 and lastly RM 2.00 (Wave 5 target). The medium term chart for JCY look bullish and all this should be materialized before June. After that I will unload all my holding to gain the profit and then go on vacation ( Buy in April, Sell in May and June go holiday).

Bro, your news sounds good. i will follow and hopefully i will go for a short holiday too. cheers pal.

guys.. any idea what news jcy has?
plz share so tht we can all go hols tgt =)
hahah

One of the good new may be a huge long term agreement given by Seagate. If this is true the future earning for JCY should be good and sustainable.

Selling pressure is ON!!!

bro, any 'emergency exit' signal now?

hmm...you have to continue monitoring OSK stock picks. The overall portfolio performance since february cannot even be covered by JCY and Asuprem combined.
I won't know if you are receiving email daily update with OSK188, here is an alternative to check back the record and see for yourself http://journeytowealth88.blogspot.com/2012...ime-dotcom.html

The latest picks after JCY are Timecom & Redtone(24th April), Ecofirst & 3A(25th April), Aglobal & Keladi(27th April). In case you need to be aware of that these stock picks may not necessary come from OSK alone, you may have recommendation from other people such as friends, remisiers, traders, etc. JCY as being the top world HDD producers for world largest firm Seagate, WD, etc currently due to the thailand flood aftermath, should be standing firm fundamentally no doubt about it. I bought JCY at 1.45 on the same day OSK recommended it(23th April) though I was surprised later discovered it. We do all respect, don't take the recommendations from any of the research houses easily because we don't share the same interest with them, thus conflict of interest exists.

what will the TP for JCY?

i bought at 1.3x, JCY look promising in the long run. thinking of keeping it longer.

Target price RM 2.00 before end of June 2012 or sooner. Rumours said the Singapore boss want to goreng it up to RM 4.00 and then only propose to Seagate to take over.

I'd been guessing on the long term TP. imagine this: since the new income is attributed to the spiked demand from Seagate and WD, shouldn't the firm value worth more than its Issue Price 2.00?
The HDD production is expected to return to preflood level in the second half of 2012, but JCY is aggressively traded each time. shouldn't we wait for the quarterly report due in about two weeks time and then decide to hold or not?

Brother Killtrader, seem like u have gd source of info. Can you tell us wat would be the estimated profit for JCY in tis Q2? Thanks

Most buyers who bought at higher price last time have exited oredi. Tht's y most of the time u can c more sellers than buyers.. But share price remains high.. Otherwise, how could they sell?