Ooo..

I do say a lot of wind and you know la, wind sometimes blow here, sometimes blow there.

ABCDEF option?

A. Easy Money
B. Extra Mad
C. Emerging Market
D. Easily Manipulated
E. A, B and D
F. All of the above

Blardy hell, this is lagi susah than SPM!

Chef Long: Call sifu must know do.

ciahcra: When stocks go down without much reasoning, you are left wondering ...

1. you could play the 'value' game ..
2. you could ask the chart...

If the option is 2, the obvious question all will ask is when and where can buy for a rebound play?
And yeah, for now one could look if a bounce at the ma?

Me?

Well, it's just an observation that I see an alarming trend of ppl buying just for the sake of the 'stock is down' syndrome.
If this is this a bull market, why are the stocks reversing strongly against the market?

In this thread alone, there was JCY, then Amedia and now Takaful.
The result of JCY and Amedia is there to be seen.
It did not pay the trader to rush and buy the stock early.
I, for one, advocated, to wait, be patient. Wait for the market or the stock to develop or build its bases first.

Yes, I will add in Takaful into this list for now.
The selldown is dramatic from where it was trading just last month.
And for now, I say the simple logical way.
Don't rush.
Don't guess where the market will turn.
Be patient.
If the stock is currently taking a rest, as you said, it should consolidate and build its base for its next phase of its bull run.
Right now, Takaful is just falling.
It hasn't consolidate and it certainly hasn't build any bases yet.
Why rush?

Wait.
One important four letter word for me.

Chef:

Did you become the stock chaser this morning?

Yes, this one is also is in one of my stock watchlist.
I would have done exactly the same as you, ie nothing.
However, I have bumped this stock up to a higher watchlist.
It would interesting to see how it performs next week.

Whatever happen to that 'I don't chase ... skirts' ... statement?

Stay discipline my friend.
Stick to your game plan and fight no unnecessary battles in the market.

It's not that one cannot play the falling stocks.
You can actually.
But lot's of time, I see many doing it haphazardly.
The minute they see the stock fall, they want to buy already and they try to guess where the point where the stock will rebound.
This is risky.

For Takaful, yes, there was an increase in daily volume but it's not a strong conclusive indicator that the stock might turn the corner (today).
Yes, on hand, there are more ppl buying but then it can also be argued that there are more ppl selling.

And like I said, I would rather see the stock form a base first.

There's another good example recently.

UEM Land.
Stock was falling down recently.
One could have guessed where the stock might turn, it was mentioned briefly on this thread but since there wasn't any serious intent to discuss it furthermore, I decided that wind talk was more appropriate.
Anyway, if you look at the chart, you could clearly see that one didn't have to rush to buy this falling stock.
If one knows how to wait, there was opening to trade the stock and the waiting trader could have profited easily money without fighting a reckless battle.

Chef so happy today.

Well said.



I hope silent readers understand the importance of what's said.

I had it marked down as 1.80 as the price to buy in the other day.

Wah.. ask until so detail meh?