JCY, i believe tis name had made its fame among all investors, no matter young and old. instituitional players are also so keen with it since ipo, especially hong leong mutual fund, cimb and also some oversea funds.

i am considered the very unlucky one, cause i bought in last friday at the price of 0.915, and since then it had lead all the way to free flow. yes, i still keep it, since the entry price is considered low compared to its ipo price hich is only about 10 months ago.

the reason i went in is, i expect the revenue should be around 500 million, which on par with previous quarter. i never expect the nett profit will be - 22 million lost. i expect, big players will come in to give JCY a temporally fry up to above RM 1 before going down again. Yes, i admit my greed and inmature decision had lead me to this lost.

combining 4 quarters, this JCY is still making profit. BUT, ALL MAJOR INVESTMENTS HOUSES had give a red light, a very bearish red light to retail players as a IMMEDIATE TRADING SELLS. i was indeed very panic when the price drop to 0.840. but, i still hold, in the hope that once the panic selling is ease, the price will be stabled down. but, i was wrong again, as it has breached its high support of 0.790 yesterday at 2 december 2010, which the next support is 0.760.

Now, lest face this dillema of heavy sell off. let the past be the history. below are the points which i would like to point out.

1. how many technology stocks in klse with revenue of 500 millon plus at rm 0.900 to rm 1.00 ?
2. they have plants in thai, philipine, singapore, and of course 2 in malaysia.
3. will the demand of hdd obsolete due to the flash drive from apple ?
4. they have new customers from samsung and hitachi.

some said that, since everyone is so fearful of this JCY, it is also a chance for you to make a decent profit from it. but, it is a high risk gamble. make your own decision of to sell, or to buy, or to hold.

good luck.

Mind me to say, it is a complete rubbish statements. this is malaysia, since when any company of malaysia will spend millions of ringgit in taking good care of their staffs ?

secondly, u said huge loss due to compensate ? let me tell u, if this company is hiring the foreign legally, they will definitely be covered by insurance with max compensation of rm 10k.

turn around ? the company director even dissapear in this critical time for jcy. the proposed share buy back ? another empty talk ?

this industry, as other said, is a cycle business. the worst thing is, jcy can only produce hard disk, which currently, there are tonnes of competitions from vietnam and india.

JCY, FORGET IT. FROM THE Q RESULT TILL THE WHOLE MANAGEMENT TEAM, IS A BUNCH OF JOKERS.

MOST IMPORTANTLY, AVOID ANY SHARES BY YONG YONG CHAI, THE COMPANY DIRECTOR.