Pharmaniaga breakout

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

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

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

AA as in AirAsia?

Ok. All the best.

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.

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.

*cough*

Got tipsy or not?

LOL!

Again? Chart still looks ok but as I said before I don't like the name.
Also, I saw this Or-See-Beh-See Bank (see bank name also terrible) keep dumping the shares.

Sorry I did not know that.
So this Or-See-Beh-See is like taikor ah? Buy-in and then now dispose?

Not complaining la.

Little bit thing scare, what lah.
Wear skirt ah?

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.

Pharmaniaga up again.

My spirits high.. what also no see.

Anything good?