average price 0.55 now...

Armedia drop like armageddon style. Kaboom. Faster pick up the pieces.

wah. Enter yesterday?? So brave lor u.

10000 unit only...like sky gor said if drop to 1 sen just lose 5.5k only....but i feel sakit if drop till 1 sen ...

Game is not yet over until it drops to 1sen

Hahaha.Totally agree.Anything can happen at anytime in stock.
I will average down until 0.3 if I manage to get some today

average down until 0.3 sens ? sure bo bro?

lol...

why not fish @ bottom since u r so confident on it.... wait for the consolidation or breakout better?

Bro, you sound very familiar, like heard somewhere before...

aiya... looks familliar leh..... because..... MAS? AnnJoo?

Now enter sikit sikit first mah.Later suddenly rise at least I am on the boat.

sikit sikit boleh...

don't dump semua lo bro... too much not good oh...

u know what.. Malaysia everything anything can happen 1....

wish you good luck !

Haven match now.Sikit sikit also don have

Sorry for the late reply, only able to post at night lately

As for AMEDIA, for now yea it is clear downtrend. So what kind of indication/reversal do you watch out for? Like price moves above MA, volume, pass resistance or etc?

I did a quick look at YTL Corp, yea the double bottom could happen at ~1.76 with maybe cut loss below 1.7 and 1st TP at 1.9. So some traders may enter with that kind of trading plan. Would like to get your opinion on your 'show hand' on this example.

SYF (closing price), from 0.82 - 0.622, is a clear indication of downtrending, then it rebound back to 0.72, so for that scenario, would you say it is an example of breakout from downtrend?

Is ok whether or not you put money on it or not, just would like to get some sharing/opinion/education on trading.

Thanks again for your lengthy input!

time to short the market

I think perhaps you are a bit too captured with my usage of the phrase 'show hand'.
It's a really loose phrase and sometimes I am not too articulate with my choice of words.
'Show hand' is nothing more than the market or the stock showing us its intention, ie which way it most likely to go.

Amedia? As had mentioned in great lengths earlier, the downtrend is clear and because it gained legendary status from how high it climbed, when it falls, it naturally seduces buyers.
For these wanna-be buyers, I feel there are two options.
One is to buy early and guess where the turnaround price is.
They can use value, they can assume where the support level is, they can use fib numbers, they can read lilins etc etc.

The second option is wait for the stock to tell us or 'show hand' that the downtrend has most likely ended.
There are many ways, depending on different users.
As you said, some uses MA, volume etc etc.
Some even do the simplest and they draw the downtrend line and when the stock makes a move up against the downtrend line, they consider this is a chance that perhaps the stock downtrend has ended.
So what's your poision?

There are no conclusive evidence on which is better.
Some, might even, after all their experiences, feel that pinching bottoms, although sounding sexy, has more risks.
Stocks do not simply fall down and when they do, many times, it's better not know the reason and avoid the stock.
Why waste precious time and money, watching a stock fall and then wait for the stock to turnaround?
Wouldn't it be more productive in playing stocks that are on the move?
Again, this is also subjective, because there will be those who thinks stocks on the move could easily fall back down.
Now the interesting thing is, I wonder, if one takes time and effort and spend more time doing some own homework.
Using the style of trading they use, they should compare, is bottom pinching better or is breaking free better?
Do some real research on real stocks.
When Bursa started its hiccup last month, some decided to look for beaten down stocks.
Mark down one of the beaten down stocks.
Take YTL.
Compare it's results since early Sep.
Alternative? Compare now versus a stock that had shown strength during this period.
Compare it versus Scomi.
See the contrast in results?

SYF? Yes, it had shown for now there is a 'possibility' that downtrend has 'stopped'. SYF trade yesterday wasn't too impressive. It closed the day at 70.5. I guess you can see the alternative option is to wait for the pivot point.

The whole point is, there are going to be many instances where one doesn't know if the stock movement direction is their favour.
In these, instances, it's better to wait for the market to show to them where it wants to go.
WAIT is one very important word in the stock market.
We wait to buy and we wait to sell.
Everything is about waiting.

Hope it could go back to over 75sen

Bought one day too early

This post has been edited by SKY 1809: Oct 11 2012, 09:16 AM

Pharmaniaga up again.

Boon, your green stuff..

ahhh how come u all so free today??