'market show hand'? LOL! Sorry but sometimes I do write nonsense.
What I meant by this is the market showing us what it wants to do.
For a stock like Amedia.
It's not just falling down, it's plunging STRAIGHT down.
That's the one and only main trend for Amedia now.
For buyers wanting to buy Amedia, my suggestion is to wait for the 'market to show hand', ie wait for the market confirmation that the selling, not only has stopped, but has shown clear indication that a reversal 'should' happen.
It should, on the charts, show that it is breaking out of its downtrend.
Others might want differ in opinion.
They might want to try to bet at the very bottom, so they anticipate and guess where the bottom is, and they buy.
Sometimes it works but not always.

An example is on YTL Corp. I made the following comments for BboyDora.
Post #148. http://forum.lowyat.net/index.php?showtopi...40&p=54798940&#



BboyDora bought in early. He assumed a double bottom might happen at 1.74 and that he might benefit from the trade.
The alternative is to wait for the market to 'show hand', wait for the market to confirm the double bottom would happen, then only react.
I am sure that you would be aware of the countless discussion on this issue on the net, ie being early versus waiting for confirmation.

SYF? I am guessing that is the pivot point. By breaking out of that level, the chances will be good that SYF might retest and even break its previous high.


This post has been edited by Boon3: Oct 10 2012, 08:44 AM

PETALING JAYA: Is a turnaround just around the corner for ailing national flag carrier Malaysia Airlines (MAS)?

Yes, according to a report by Maybank Investment Bank Research which reckons that MAS will break even in the third quarter of this financial year.

MAS’ year-end is in December and so it will post its quarter three results towards the end of November.

“We think that MAS will break even in the third quarter of 2012 on a 9% quarter-on-quarter drop in unit fuel costs, cost savings from capacity cuts, plus higher load factors and yields as the third quarter is traditionally a peak period. This will lift sentiment on the stock as the market takes comfort in the successful implementation of its business turnaround efforts,” it said.

It maintained a “Buy” call on the company, with an unchanged target price of RM1.20 based on 2013 adjusted EV/EBITDA (enterprise value/ earnings before interest, taxes, depreciation, amortisation, and restructuring or rent costs) of 6.4 times in line with regional peers.

MAS’ shares rose 6% yesterday to close at RM1.06, possibly partly driven by MIB Research’s positive view on the carrier.

Its view, however, remains a contrarian one.

Of the 15 analysts covering the stock, only Maybank and OSK Research have a buy on it. Two others have a hold call on it, while the rest have a sell or underperform call on the stock.

Note that MAS had been in the news over the last few months for the wrong reasons. It was embroiled in a controversial deal that saw a share swap with rivals AirAsia being crafted out September last year, in a bid to lift MAS to become a shining star in the region again.

However, things did not go as planned because of several factors and it was sometime in November last year when analysts began downgrading the stock.

Things did not help when the full service airline reported a shocking RM2.5bil net loss for 2011 in March.

It was the biggest in the airline’s corporate history, and at that point, 17 broking houses had a “sell” call on the stock.

Eventually, the share swap between MAS and AirAsia shareholders was unwound.

Losses thus far for the year stands at RM521.04mil over a revenue of RM6.41bil as of the second quarter ended June 30.

“In the third quarter, we estimate MAS will enjoy cost savings of RM102mil from lower fuel costs, and a RM66mil revenue boost from higher load factor and yields,” it said.

It said MAS exhibited better profits in the second quarter, with a core net loss of RM160mil from losses of RM357mil in the first quarter, and this was due to a 10% to 12% capacity cut on loss-making routes, the disposal of old aircraft and efficiency gains.

OSK, the other house with a buy call on MAS, said in its report dated Aug 15 that for the first half, MAS has successfully trimmed costs across all levels, notably on its sales commissions and from maintenance and handling as man-hour costs improve.

“Management reminded that there is still room for cost cuts as aircraft utilisation improves further with the bigger capacity aircraft coming,” it said.

Maybank’s report also said Malindo Air is not a threat, provided MAS completely abandons any plan to reinitiate Firefly’s jet operations, as the budget market is saturated.

Pharmaniaga breakout

This post has been edited by Boon3: Oct 10 2012, 09:26 AM

Good advice

May get some around 50sen.

Going against old chcicken

This post has been edited by SKY 1809: Oct 10 2012, 09:55 AM

Since I am not putting my money where my mouth is, I better ...

Bro Boon, what price did you enter Redtone?

Could be another AA

JCY from peak 1.6 drop till 0.75, about 50%+ drop
Amedia from peak 1.1 drop til 0.51, almost the same range as JCY

Just my own opinion

** deleted **



This post has been edited by Boon3: Oct 10 2012, 10:17 AM

AA as in AirAsia?

Odeli bought some at 50.5 sen at PE of 6X.

Thanks

---

Added on October 10, 2012, 10:09 amYa AAsia.

I buy because of attractive PE at 6X.

After ex bonus , then back to 25sen lor, kinda cheap

Some more got free warrants...........

This post has been edited by SKY 1809: Oct 10 2012, 10:12 AM

Ok. All the best.

Amedia get UMA...~~

Anyone have any TA opinion on MMODE? Possible to hike up after long period of being stagnant?

Chef Very Long!

Aha! I saw already.

MMode is in a tight trading range for a while on extreme smallish volume.
I can't seem to add anymore comments to this.

That is a good sign right? Sorry, I'm a newbie in TA.

Not really.
When there is a lack of volume, from a stock market perspective, my opinion is that it just means there's lack of buying and selling interest.
What will happen when buying interest comes in? Will it be buying interests or selling interests?

Think of an object that is moving really slow.
Any strong force will cause the object move in a certain direction.
Problem is we have no idea which direction the strong force will cause the object move to.

Fundamentally wise, earnings is decent and at current prices, perhaps there is valid reason to buy.

Do post if u know the reply

Chef, the MAS stock u meant was d CG one?