good morning

Spammer!

KSL was in impressive form yesterday.

Is it in accumulation mode?

Good Luck and enjoy guys !

Larry Low: I recall Mark Mobious fund buying this stock a couple years ago. I think that was in 2010 and buying range was about 1.20 or so. I remember cos I followed the buying. I have sold long ago.

Anyway, KSL should be viewed as another of the current hot Iskandar plays with KSL having several projects and land bank in Iskandar.

Best of luck in your trade.

Yeah man. I think Scomi should see some action today.

SCOMI daily

SCOMI daily chart

Breakout from the downtrendline.

So where do one enter?

Hot Stock Scomi rises 6.1% on Petronas Carigali contract
Business & Markets 2013
Written by Charlotte Chong of the edgedaily.com
Friday, 08 March 2013 10:15


A + / A - / Reset
KUALA LUMPUR (March 8): SCOMI GROUP BHD [] emerged as the most actively traded stock at mid-morning on Friday after the company secured a contract worth RM2.1 billion from Petronas Carigali.

At 9:46 am, Scomi was traded at 35 sen, up 6.1% after rising to as high as 36.5 sen with some 15.4 million shares done.

Scomi told Bursa Malaysia yesterday that the contract award is expected to contribute positively towards the earnings and net assets per share of the company for the five financial years ending March 31, 2013 to 2018.

The contract is to supply drilling fluids, barite materials, equipment and services for a five-year period beginning March 1, 2013.

The group hopes to increase its existing order book of over RM2 billion in the oilfield service segment by participating in tenders worth in excess of US$1 billion internationally.

Petronas Carigali had picked Scomi to get the lion’s share of the five-year contract under the RM8 billion to RM10 billion Pan Malaysia mega tender.

In 2006, Scomi received a much smaller five-year drilling fluids contract worth US$500 million (RM1.55 billion) from Petronas.

Scomi's revenue stood at RM1.59 billion and a net profit of RM18 million for its 2012 financial year ended Dec 31. The group had reported a net loss of RM232.33 million in the 2011 financial year.

I am just watching for now...

Got IJM behind, apa apa pun boleh

the setup does not have my 'low risk high probability criteria'

so just watching for now for me too

You sweep how hundred lots ....

When IJM drop till 4.6-4.7, hand itchy wanna buy and keep for short term.

But but i tarak beli
Too scare of falling into trap, but IJM is really good in planning ahead. KEuro is one of the best example

thanks god...

I long FKLI today... looks like commit suicide mission....

nice nice ajib koh ! continue shoot high FKLI pls...

waiting @ the top there to short

anyway... where is everyone?

busy shorting FCPO ah ?

dear all
i am new in stock investment. i am really amazed with you all in predicting and selecting the stocks. what even amazed me is the conclusion and intepretation you all made from the chart. as a beginner, mind to tell me where should i start and where should i read to gain the fundamental knowledge when coming to stock selection and maybe timing to buy, hold or sell? please forgive me for such stupid questions. thanks again.

FCPO 5 mins

FCPO 5 mins

Notice the divergence between the price and stoch. now broke the channel already.is it going to go down? I don't know

My strategy is to see whether the price can go up back above 2450, and maintain in the channel. if not, I'll consider shorting

If can climb back up, I'll consider long at 2453, with CL at 2444, and TP at 2470, which gives me a RRR of 2:1, an acceptable number for me

No tv at office, what did ajib gave this time?

This post has been edited by ciahcra: Mar 11 2013, 01:36 PM

Hi, there are no such thing as stupid questions when one is in the pursuit of knowledge.

Personally, when it comes to stock selection, I'll use fundamental analysis for my stock picking. Fundamental analysis including reading annual reports and their financial statements (balance sheet, income statement, cash flow etc...), learning how to interpret the info from annual reports. For example, you should learn how to interpret financial ratios (Current ratio, ROE/ROA, Debt ratio, P/E, Dividend yield etc....). Different ratios have different use. Current ratio for example to measure the liquidity of the company, ROE/ROA use to measure profitability, while Debt ratio is used to measure....well debt.

P/E and Dividend yields for example are known as investment valuation ratios. Investors normally use the ratios in this category for their stock picking. For those who want to dig further about the company, then they may use other ratios mentioned above, which can be obtained from the company's annual report


You can dig around the forum, or google to learn about these ratios.

As for timing, that's where the TA came in. Charts gives you a visual of the price action. Without charts, it's very hard to see what are the reactions of investors to that particular stock. TA gives you an idea where you can consider buying, selling, or just don't do anything and stay out from the counter. My two favourite websites to learn the very basics of TA are:

Babypips

Chart school


Another important things to learn, especially if you're considering trading as opposed to buy and hold, is risk and money management. For me these are the most important thing in my trading business, because I have a very limited capital, hence I need to manage it wisely to minimize losses.

One important thing to remember: There is no holy grail in investing/trading. Market movement is random, and it will do whatever it wants, and it doesn't give a damn what people thinking the market should be.

If you're student, I suggest you join investment challenge organize by your uni, or by stockbroker to gain more exposure in stock market, learn the mechanics etc. One of the famous one is OSK Investment Challenge (I was one of the winner back then ).

Good luck.

p/s: I focus more on FCPO now, because I'm too lazy to go through over 1000 stocks to select which one to go in .

I already have few in my list, but to wait for opportunity to buy, it might take months/years before the opportunity comes knocking on my door. So for recurring income, I choose FCPO, because I can only focus on the timing, and risk/money management. I still review the stocks in my list once in awhile though

This post has been edited by ciahcra: Mar 11 2013, 02:07 PM

full respect to ciahcra bro !

anyway.. today i just short FCPO by luck only...

* tape reading only... no chart at all...

I long FKLI too...

what news jib gor giving? no tv also leh me

This post has been edited by kueyteowlou: Mar 11 2013, 02:11 PM

Lol what do you mean 'by luck'? you just feel like shorting, and you short?

looks like your 'short' got lots of profits already!



This post has been edited by ciahcra: Mar 11 2013, 03:06 PM