Haha... I'm waiting for the magic show at 4:45pm. This can either double down the drop or make FBM KLCI green again...

Edit: Ok today drop is quite a lot. Green magic show (depending on the manipulators) won't make it green

This post has been edited by Medufsaid: Sep 24 2012, 03:56 PM

U think there would be a big fall in CI index before the up coming budget

Actually it's normal.

Take the MAS chat the other day.
We seen two succussful rebounds before at 1.01.
When the stock hit 1.01 the other day, naturally some will 'anticipate' and 'speculate' a triple bottom will be found around that price.
They 'bet' ahead and speculate for a triple bottom play.

Same with the YTL chart I posted on Saturday.
Last month, YTL hit the low of 1.76 and then it rebounded nicely.
Some quickly bought at 1.74 and assumed that a similar rebound would happen.
Their bet is based on anticipation of an event would happen.

Quite a number of traders who trades on charts trades like this.
When they anticipate, they are hoping they will be early and because they are early, they would be the early birdie catching the worm.

The risk is the non happening of the event.

Thanks Sifu

i will slowly sell off all my stocks.. and just focus on FKLI and Call Warrants..

i think these 2 make me more comfortable lol

means I kena caught.. actually I knew MAS takes longer time.. if you look at MAS-CG expiry date..

so you will know what is my timing to harvest this stock.. oh this is just betting..

I rest my case.

ps: Uncle Goog can teach youa lot of stuff too.

yes uncle Google taught me a lot.. but sometimes too much information will caused us confusing..

ohh.. i am a slow catcher.. i can only catch by paying money to people to teach me.. lol

@Boon,

Dayang is buying Perdana, and T Haji is buying more Dayang.

No idea.
I realise it all depends on what the manipulators wanted it to be. We can only second-guess

Plantation stocks could pull down CI

I actually thought the idea was not bad at all.
Only thing I wasn't keen was it was MAS.

I read that article this morning.
A bit complicated.

Reminds me of what i read in the s'pore forum... The rally may be fake but the money is real

with GE around the corner,

I am sure some "manipulator" will dangle "Big Carrot" by pushing CI index to 1650 soon once Goodies Budget revealed.

you know what is farmer? they harvest when the times come...

Maybe later ending up like Kencana/Sapuracrest.

I do not have this stock, so not too keen to follow up with the news too

With CPO prices still lousy NOW, plantation earnings is going to be 'poor' for a couple of quarters.
'poor' for planters is such a relative word because at these lousy CPO prices, planters are still making 'good' money.
Only problem is the 'good' money is FAR off from the 'mad money' they were earning earlier.

A lot of companies had jumped into the palm oil bandwagon.
Timber stocks like Ta Ann and Jaya Tiasa should be reclassified as planters because the money they earn from oil palm is more than timber.

Them contra players were the culprits??


JCY share slides 6% on force-selling, market-maker activity
Business & Markets 2012
Written by Ho Wah Foon of theedgemalaysia.com

KUALA LUMPUR (Sept 24): JCY International Bhd, a favourite stock by day-traders and contra-players, continued to fall in afternoon trade on force-selling and market-maker activity after opening lower in early trade, according to dealers.

"Four (trading) days ago, many people thought the stock was cheap when it was sold down to 94 sen, but it fell further. Today, the contra players are forced to sell the stock or the stockbroking firms will sell them," said a dealer.

Under the T+3 settlement rule, players would have to pay yesterday to take up the stock. If they had not paid up to pick up the shares or had not sold their shares yesterday or this morning, their holdings would be force-sold by stockbroking firms this afternoon. At 3.44 pm, the leading HDD maker was trading at 81 sen, down 5.5 sen or 6.4%, after touching a low of 80.5 sen. The third most active stock saw 18.22 million shares exchanging hands.

Last Thursday, the stock already came under pressure due to profit-taking after it was played up to above RM1.01 previously.

Dealers said there are also signs that the market-making activities by institutions today are also causing the fall of JCY by selling down the share and making profit profit.

When a mother share falls, it will trigger a fall in its call warrants.

"They are making profit by incurring a small loss in JCY mother share, but gaining profit from the bigger percentage fall in the warrants. These institutions must have sold warrants at higher prices days before and picking up the much cheaper warrants now," one dealer working for an institution said.

In fact, JCY saw the dumping of its shares by funds in August on the back of its weaker results, dim outlook for the HDD sector and a downgrade by CIMB.

Despite enjoying a lower target price of RM120-RM145 by leading stockbroking houses, JCY has continued to decline since.

Check this out fellow investor.

Possible of Bullish Pennant but if bearish sentiments still continue high possible it might failed.

Just monitor and have a look..

Break up above - 2.66 with high volume ( 8K Lots)- Target Profit at 3.13 ( 18%)

Break below 2.54 with high volume ( 8K Lots) - Target lose at 2.06 ( 18.9%)

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Added on September 24, 2012, 8:56 pmJohotin reaches the higher at 2.22 and many investor took profit and retracing to the uptrend line again.. Possible to pick up for another bull run..


Let Check on the Johotin Chart which was closed on Sept 24 2012.






Indicators
1 ) Trendline - Broke above Uptrendline ( Bullish)
2) Support/Resistance - Formed higher low and Higher High (Bullish)
3) MACD - Formed bearish crossover (Bearish) . If 4R1G occur potential bullish reversal
4) RSI - Retracing toward 50% ( Bearish)
5) STO - Bearish Crossover and retracing toward 50% ( Bearish)
6) Ichimoku - a) Price above support cloud (Bullish).
b) Conversion line above the base line (Bullish).
c) Price above the baseline ( Bullish)
7) Candlestick Pattern : Formed bullish engulfing above a hammer ( Bullish)





This post has been edited by edwin32us: Sep 24 2012, 08:56 PM