yhtan: LOL! I just realise who you are talking about.

LOL!

He so sayang you until burnt leh.
You no see he scold me BIG BIG meh?

This post has been edited by Boon3: Oct 11 2012, 03:31 PM

LOL!

I was there when I heard his smelly mouth.

Aiyoyo!

Laugh until wa ka ka sound.




Those who say they are not gambling usually is the biggest and most compulsive gambler.

With the high volume after so many days of continues sharp selling, today 'might' be climax selling and if it can close above 40 sen (41 sen is best) then things could be interesting.
Keep watch.



This post has been edited by Boon3: Oct 11 2012, 04:13 PM

I cannot.

I was only replying yhtan on extreme high volume and support.
If you had read my earlier posts on Amedia, this is something I would not do.

What is that Chow Yun Fat show?
What tiger? What dragon?

Berita kini..

Fall in palm oil prices may spur India to default contracts
Business & Markets 2012
Written by Chong Jin Hun of theedgemalaysia.com
Thursday, 11 October 2012 16:12
A + / A - / Reset

KUALA LUMPUR (Oct 11): The decline in crude palm oil (CPO) prices have prompted concerns that buyers from India, a major importer, may renegotiate or walk away from contracts entered earlier, analysts said.

Credit Suisse analyst Tan Ting Min said it is a norm among buyers to default on earlier agreements when CPO prices decline substantially.

"India appears to be the only country among the big buyers, to have continued to import palm oil. However, there are now worries that India will start to default on its earlier contracts, as Indian importers do not want to bear the higher cost.

"The significant jump in defaults is a normal occurrence in the palm oil market when palm oil prices fall sharply," Tan wrote in a note today (Thursday).

News reports have indicated that palm oil importers in India may renegotiate earlier contracts for palm oil transactions following a decline in the prices of the commodity.

Falling prices of palm oil have prompted buyers from the South Asian nation to default on earlier agreements to import the commodity from major producers Indonesia and Malaysia. The defaults may increase palm oil inventory and add downward pressure on prices, according to the report.

The latest updates by the Malaysian Palm Oil Board (MPOB) show that the country's CPO production rose 20.43% to two million tonnes in September from the preceding month, while total palm oil inventory which includes CPO and processed palm oil increased 17.43% to 2.48 million tonnes.

Meanwhile, total palm oil exports climbed 4.49% to 1.51 million tonnes during the month, according to the MPOB.

Looking ahead, Tan expects palm oil production to peak in this month (October) on seasonal reasons.

But declining exports is a concern as it will result in palm oil inventory increasing, possibly, to another record high at three million tonnes during the month. This does not augur well for palm oil prices, she said.

"The market appears to have calmed down, especially, after the Malaysian and Indonesian governments announced that they would collaborate together to stabilise palm oil prices by managing supply.

"Although we are sceptical that anything meaningful would come out of the discussion in the short term, palm oil futures recovered to close at RM2,457 (as of Oct 10, 2012), 9% higher than the recent low of RM2,250 (as of Oct 1, 2012), Tan said.

Today got chance.
I 'think' we might see climax selling today....

I don't want the 38 sen.
If I play it has to go to 40 sen.

hehe.. for now, 38 sen is risky. 40 sen isn't.

I tell you.. wait for 40 sen.
at 38.5 or 38 sen, there still could be some surprises.

Waiting for the breakout is like waiting for confirmation leh.
Pay a little bit more never mind one.


If cannot get, then cannot get.

Like I said before, no retail investors/traders/speculators can cause a fall this magnitude.
This is the work of a mighty high hand.
We are at their mercy.
And this is why I think value is secondary at this moment of time bro, and therefor the bonus and free warrants is not that important 'for now'.

Yes you are correct.
And I should know because I posted the same news for yhtan few days ago.

Ok. Habis cerita for me.
No buying.

In a sense, value is always very important.
But the problem is the mighty high hand controlling Amedia.
With such high hand, I dunno how to define the 'value'.
That's me and I could be wrong.

Ok gtg.

Refer to what was written on #1129. http://forum.lowyat.net/index.php?showtopi...20&p=55210995&#

If you add in today's play and also yesterday, this stock have closed at the low end of trading 5 out of last 7 trading days.
Such movements from the high hand holders of the stock would cause huge damage to confidence.
How to trade when the stock keeps closing at the lows so often?
That would be the worry, I think.

Whether 38 sen would hold or not, I would not dare speculate.

This post has been edited by Boon3: Oct 11 2012, 07:52 PM

That was a flimsy reply.

Do you agree with me that one big high hand is controlling and 'playing' the stock?
I could be wrong but I strongly believe so.
There was no way the stock could have gone up in such controlled manner a couple months ago.
And this fall, is no ordinary fall.
Hence, in my opinion, the value issue is being negated by this high hand factor.
The high hand has turned Amedia into a means for them to make money.
They do not care about the company behind the stock.
Amedia is just a stock for them and what matters to them is their cost and their selling price.

From this perspective, how does one define value?
You could treat Amedia as a company earning so much money and going to have a BI and free warrants.
But again, to them, they don't care.
It's just a stock and as long as they can dump the stock for a profit, would anything else matter?

This is why I say 'value' won't matter for now.
Right now, the time belongs to the high hand controlling the stock.
Everyone who 'plays' the stock now is at their mercy.

You are welcome.

I strongly suggest one to develop their own trading niche or even investing niche.
Play the market the best way you know how.
As you can see from what I wrote, there are just so many ways.

The one issue I am always fascinated with is 'being early' ie guessing where the support is, guessing where the breakout point is, versus 'reacting' ie buying only upon confirmation of a possible uptrend.

For example again,
Dua kali bottoms.
Where would one buy?
Beaing early buyers would buy at bottom where they thing the W is.
Like the YTL example, they might buy at 1.75 or is it 1.74.

Others might wait.
They might buy only at the top of the W, after the W is formed.

How to answer?

I would think if WB buy stocks in US, somehow his" valued " stock prices could be driven down by HFT too. Like during last year S & P downgrading of US sovereignty
I am not qualified to talk about this Uncle. He is Legend. I am not.

It is good to consider from TA point of view , no harm about it. Waiting for the Breakout is good too. I am open minded.
There's a misunderstanding bro.
I was trying to read the trade this afternoon.
Think of Amedia going up instead of going down.
Invert all the downs to up. Ok?
Based on this new 'chart', today's volume alone would suggest that this could it, the climax, more so, if the stock closed off the top.
The final eruption.
In most cases (not all), it's often that a trader could use this as an opportunity to sell because the up movement might have peaked.
Agree?
Invert back.
Based on the high volume, I GUESSED that we could see a climax in selling.
That was my guess and my guess is wrong.
Anyway to make my case stronger, with us seeing some sort of support at 38 sen, I had wanted to see Amedia close higher of the its day lows.
Remember Amedia had been closing right at the day lows 4 out of last 6 previous trading days.
Closing off low would have showed intent that the 'high hand' wants support for the stock or wants to support the stock.
Closing higher and breaking out of 40 sen would be a good indicator of intent.
That's what I meant by breakout.
The close of 38 sen was not a good sign for me. Not my liking.

I was going to reply more in detail on the rest of the stuff you wrote but then I realise one important thing.
I dunno what else to write. Stuck here for 20 minutes. Hehe.
Then I realised that maybe I shouldn't go all out to convince you otherwise already.
This is because you clearly have your own system that works and you are comfortable with what you are doing and you have already bought into the stock and I am here, just talking male chicken. LOL!
I have said more than enough and anymore is hard sell on something that I have zero interest and most likely I won't have in the future.
Hope I don't sound lansi or arrogant on this la but I am accepting different opinions and hope you do also.

There's one thing I will do.
I keep this stock on my stock watch and treat it as a must buy for myself.
When the time comes, I will post.
I think this could interesting.
Let's see where how different my buy point will be from yours.
Ok?
Just for fun and not for any ego issue.

This post has been edited by Boon3: Oct 11 2012, 09:46 PM