Strong east wind blowing at Iris!
Calling SkyGor!

Wah! Wah! Wahhh!



Chef Long is here!

Any tips?

Kena scolding jor from chef long!

Still have to celebrate?

Scroll back past few pages. There are a few comments posted already.

LOL!
Still use ruler meh?
No need la.
Open the live quotes, click on the charting software, then you find your free magic ruler.

You trade under which brokerage house?

Give me 20 mins.
I open that software and print for you.

yhtan:

CIMB interface.

Er.. it's ugly.



This one is ECM's interface.



If you look at ECM's interface, the magic ruler is there.

This post has been edited by Boon3: Oct 2 2012, 04:45 PM

Have an extra brokerage has its advantages.

All also got free chart except CIMB one is ugly.

Me small timer. No pay 1k commission.

But wait just a minute... free things no good what.

Yeah, OSK188 charting also nice.

Chef Long : I like the ECM interface (Jupiter's interface is exactly the same too) and since I don't use indicators, tradesignum charts also good enough for me.

numbertwo : Nice of you to share. I stopped using theirs because I had trouble before. The lines weren't reliable for me. (I am just sharing my experience and I am not suggesting anything) Quite often I get issues with my queue orders.

Quinn: Tried Bursa Station before. Very canggih but the free ones from ECM/Jupiter is more than enough for me. Nothing beats free yes? I know, I am being a bloody cheepskate.

Edwin: How about putting the name of the stock? Have to click the chat to see the name.

Redtone was one my rader last week.
I am guessing that Redtone earnings should continue to be good.
It's earnings should be out next month.

Ahem.
What do you want to discuss about Kulim?
Be more straight.

FCPO? Me not terror trader, so I don't know how to trade it.

News: http://www.palmoilhq.com/PalmOilNews/asian...market-for-now/

Crude Palm Oil Hits Three-Year Low; ‘Bear Market for Now’

Crude palm oil futures on Malaysia’s derivatives exchange fell for a fifth-consecutive session Tuesday, hitting the lowest level in three years, reflecting tepid demand and rising supplies.

The benchmark December contract at Bursa Malaysia Derivatives ended 8.5% lower at 2,255 ringgit a metric ton after tumbling as much as 8.7% to MYR2,250/ton, the lowest since November 2009.

Rising supplies of the commodity weighed on prices, trade participants said.

"We're talking about September production rising 20%-30% on month, surging inventories. It is very much a bear market for now, so people are just selling," a senior trading executive at a Kuala Lumpur-based foreign brokerage said.

He tipped palm oil to extend declines toward MYR2,200/ton.

Trading executives said end-September palm oil stockpiles might have risen to 2.25 million-2.3 million tons due to a seasonal surge in production.

September shipments of palm oil from Malaysia, the world's biggest producer after Indonesia, were little-changed from August. Cargo surveyors Intertek Agri Services and SGS (Malaysia) Bhd. pegged outbound sales at 1.43 million-1.44 million tons.

Meanwhile, palm oil importers in India are seeking to renegotiate contracts after prices plunged to their lowest levels in almost three years, two trading executives said Tuesday.

In the cash market, refined palm olein for October was offered at $775/ton, while cash CPO was offered at MYR2,200/ton.

Open interest on the BMD was 172,057 lots, versus 165,613 lots Monday. One lot is equivalent to 25 tons.

A total of 49,867 lots of CPO were traded versus 38,550 lots Monday.


Ending BMD Crude Palm Oil (CPO) futures prices in MYR/ton:

Month Close Previous Change High Low
Oct'12 2,083 2,300 -217 2,250 2,140
Nov'12 2,175 2,392 -217 2,345 2,175
Dec'12 2,255 2,464 -209 2,430 2,250
Jan'13 2,360 2,528 -168 2,495 2,36



This post has been edited by Boon3: Oct 2 2012, 09:07 PM

No problem. Thanks for sharing your trading option.

IF the company continue to post profit, more than 2.5 million, Redtone should easily be worth more than your target.

Late for what?
What kind of opinion are you seeking?
Are you in? or do you want to be in?

Looks like Kinsteel is making baby steps in its attempt to breakout of its current major downtrend.

I saw some short term possibility last week and JCY manage some reprieve from its downtrend on Monday.
However, as mentioned before, there are many things I see and talk male chicken about but yet I make no commitment.
Yes, what I talked about is not backed by actual trade.
You have to believe me, I am very picky on my trades.
I won't trade unless the stock is in my comfort zone.
JCY certainly isn't in my comfort zone.
A year ago, JCY started its out of the world rebound.
From rebound, the stock just would not stop and it climb and climb.
It became urban legend amongst punters and traders.
As you know two months ago, it 'suddenly' gave away.
Some of those traders/punters would be caught dead cold and are now what you called forced investors.
As it fell to 1.20+, those who weren't caught, thought is was cheap enough to punt/trade.
That failed and those became forced investors too.
I believe many tried again when it was 1.00+.
They just didn't believe that JCY could be a penny stock again.
They thought JCY was cheap.
They tried and they punted/traded.
That failed too and another batch of forced investors again.
Stock now is below 0.80.
If not a nimble or swift trader, such a stock is risky to trade.
This downtrend is huge.
Any good meaningful technical rebound will take a long time to form because I believe there are a lot of forced investors/stale bulls stuck in this stock.
Some of them will SELL at any strength in any rebound.
This is my view on JCY and I am not good enough to trade it profitably.

Now, how does this compare to FCPO?
I dunno.
Like I said the other day, I won't be surprised if FCPO trades below 2k but you better take a truckload of garam because I, repeat, I don't trade FCPO and I will not put any money to back what I am saying here.
Basically I trade within my comfort zone and I won't change this strategy at all.

Plantation stocks?
I am not going to touch them.
Also, remember, we are only starting to see the big falls.
Why rush?
Never rush if you want to be a bottom lover.
Remember stocks are a game of waiting.
You wait to buy and you wait to sell.
Meantime, just talk male chicken if have nothing else better to do.

yhtan:

With FCPO plunging, I doubt if TSH can hold 2.20.

TSH



TWSPLNT



Also, with these cpo prices, earnings will be badly hit, at least, for the next 2 quarters.
Now is not a good time to bargain hunt.
Let the stock prices fall first.
Then observe...