I think if u hold longer, I think got chance that it should go higher... remember to factor in profit taking days also.

From quickie pov, I dunno leh.

remember hor... this is opinion as of today.
sometimes, stock weakness can suddenly appear one...
for example... Inari...

And if the weakness does appear... (since nothing is ever guaranteed in stock market 1 )
must know what to do...

Me selling mine?
You sure I got meh?

I have refrain quite a long time disclosing what I have and what I don't have already.
You know la... this is a public forum... and even if win, don't have to boast around like a d***.

Hope you understand la...

This is Inari chart...



Some observations... I hope the comments are unbiased.

1. The upper trend line is still very much intact.

2. Weakness. This is clearly on a lot of people mind's.
The stock is really lacking the oomph but it's understandable since the stock really lari up (ever since you bought ) in early Oct or some people (ahem) would rather use early Sep.

3. Why is it lacking ooomph? Compare the volume in the Oct run versus current volume.
The volume is cleary on the decline.

4. Declining volume - interpretation could differ if one's perspective is different. In Inari's case, one could say the selling has dried up, ie not much people are willing to sell despite the stock is at record highs.
But selling and buying goes hand in hand.
For every seller, there's a buyer. So from a buying perspective, one could also argue that there is lack of people buying.
Are they nervous of the prices at the highs?
They scared of buying buying high and selling higher?
Or are they waiting? Like waiting for earnings etc etc etc or are they nervous of the insiders dumping?

5. Except for the July/Aug correction, the stock has merely consolidated at higher prices. There's a lack of a serious correction since Oct.


Now for the insider selling again.
Mainly it's the warrants that they are disposing.

The constant selling just makes everyone nervous. How could this stock be worth 2 bucks when the insiders are selling the warrants like kueh kapek?
Hard to blame anyone if they are scared like hell to see all the constant selling. It's a horror show.

On the other hand, even before the Sep/Oct run, these insiders are also selling. Some conversions of warrants into mother shares.
Exactly!
Warrants are hot hot in the money so why are the insiders selling?
They don't know how count sum meh?
Also with the conversion of warrants into mother shares, yardsticks like PER and DYield needs to be recounted and adjusted to the dilutions impact.

The other argument (is it even valid?) is that perhaps the insiders view it differently.
Share has really gone up like hell since a year ago.
At one point, if not mistaken, the share traded as low as 315 sen.
Now at 134, profit is damn sibeh song.
And then there was the 1 for 4 rights issue recently. And for every rights issue subscribed, came 2 free warrants.
Sometimes, people counting is funny.
For them, the warrants is like free. ( )
They see the warrant starting price at zero...
And then they see it fly and fly and fly....
Every single sen the warrant move is one sen of profit for them....
Which is why, I can understand, why they dump the warrants.

But I feel the selling is situpid.
Warrant is in the money.
Company is doing great..
And is supposed to do even greater...
So why sell those warrants?

Do they insider know that maybe the earnings isn't as great as what the market thinks?

Adding it up all these ingredients up, I think you get uncertainty.
This makes the market nervous about the stock.
Which probably explains the lack of buying interest.
Which probably explains why the stock doesn't seem to have the interest to go up north of 140.

Things for you to ponder.... hehe...

LOL!

Hehe... certain words seems to pop out..

Wahahaha!!!

Your own words and now you ask me for meaning pulak.



On the other thread I write on Fitters.
1st half earnings currently up 60+% compared to previous year.
Group very diversified.
Fire services+Renewable energy+property..

Company went on record to say... 20% growth possible.

LOL!

Can buy or not?

That one is actually Bone's tip.
Huhu... not mine.

It's like palm oil last time. When cpo jot, everyone want to be a planter.

Breaking 67 is important hor.

Well done.

Watch the chart and not those rumours.

For example.. that party buying big lots... if that is true... then the breakout of 67 sen is important...
That alone, without the news, signals intent to take the stock higher.

How high?
Unchartered aresa, new highs, is always most fun.
You don't have o worry like those stuff like resistance levels etc etc...

Set up 'min profit' you want...
and then sit and relaz as long as the stock goes up...
on profit taking consolidation days...
you need to observe...
watch how and where the stock holds...
as long as you like what you see... you stay.
stock moves higher... adjust the min profit higher..
And when you finally don't like what you see...
then time to take out your exit option.

Turn off the computer...
Go toilet...
Go for coffee ...
Go print something ...
Go to front desk...

etc etc etc

People got chase only got chance to go up ....

Chase high also can what.

If take breakout at 67, now sell got profit or not?

Market hot after low PE penny stocks.

I am not ling ling 7.
Me no kill one..just share view only.

Not yet.... xxxx meh?

I think if u hold longer, I think got chance that it should go higher... remember to factor in profit taking days also.

From quickie pov, I dunno leh.

so high close wan!

Ho ho ho !!!!! Some 1 in lala land liao!

See how first? Wahahaha !!!!!

... let me *kacau* him to sell.

Close at 1.38.
Highest closing.... once again.

Let me put big big picture...



See the green arrows? They indicate the 'strong' up days.

Now look at the red arrows.
They indicate the traded volume on the 'strong' up days.

As the stock goes higher, each up movement is driven by less and less volume.

* Less people selling or less people buying? LOL *

Is this a strong rally?
Or is the rally weakening?
Or as they say, do you think the rally is fading away?

Meanwhile.... insider selling continues ...


Still tak nak .... ???

huhu! I know it should be futile exercise but I will still try.

Keep losses small and let your winnings run.
That is big rule in trading la.
All the winning little little bit and run fast fast, that's betting and hoping to win loose change.
Can win all the time meh?
And what if lose?
Can the losses be smaller than all the loose change won?
Logically and mathematically speaking, all it takes is one or two big losses to wipe out all the small winnings.

Ok, maybe you scared the stocks that erupted fast fast could mati just as quickly.
Understandable.
But not all stocks are like that one.

Use TA example again. ( LOL! rub salt on Ah Tan. )



That's a blanked out chart.

But if you look at the chart closely.
You can see the stock walk car on 4 Nov.
Strong breakout.

Now just imagine if you sell on that breakout at say 77 sen. ( *whistle* )



TA closed yesterday at 835 sen.

That's a lot of profit left on the table.
Agree?

Yes, they always say trade with a plan... I agree.
However, hopefully, that plan is not for a loose change profit.



By the way, this is not looking at hindsight and then only tell you after it had happened.
TA was mentioned on 6 Nov ( https://forum.lowyat.net/topic/3008690/+1340# -- post 1347 )

Wahaha!

See Insas?
Remember how it broke out? (flip back few pages. )
It's now 95 sen.