wei the ah jib kor counter... chart so scary wan.. still want to buy meh.. ??

Very informative. THANKS!... coz i was thinking of bottom fish too... now hv to re-strategize.

If want to bottom fish.. ma\ke sure got enough ammo and holding power... 

gark this s&s... sibeh       

holding power... holding power.... 

wei the ah jib kor counter... chart so scary wan.. still want to buy meh.. ??

TA comments are extremely subjective. 

Most of the time, it also depends on what kind of player (trader/investor/speculator/punter) the person is... 

For what it's worth.... (please note I could always be wrong)



That was the first thing I saw when I opened my trading platform (KenMoney).

Not looking good was my initial impression.

Long candle down.
Much, much heavier traded volume.

Two of the most unwanted signals in a stock.

Looking closer, the stock had a nightmare trading recently.
After opening a small gap higher on the 8th Jan, the stock is clearly retreating.

And the sell of yesterday, clearly exacerbated things....

Zooming out to a 12 month time frame, we have this...



We need to zoom out cos from the first chart..
we do not know where the stock had been...
or where the stock could end up next....

So where's next?
Typically, my guess would have been maybe 90 sen or 86 sen.
But given yesterday actions....
where the stock gap-ed down, ended down on heavy volume, all guesses are off.

Why?

It's a sell off.
The very first day.
And the momentum of the sell off could take the stock much lower.

And I am ONE WHO FINDS IT VERY PROFITABLE NOT TO GUESS HOW LOW OR HOW HIGH A STOCK COULD GO,
would not one to be guessing.... 

And zooming the chart further out...



As can seen, Pantech had clearly been a success for long term traders/investors.
And most, would have known, that one of the main reason was the stellar turnaround in earnings.
FY2011 was a disaster for the stock.
But since then, the turnaround was impressive.
Markets love turnaround/growth stories...

So what happened yesterday?
What as the reason for the sell off?

So perhaps it's the poor market sentiments of late....
But we do need to find out what happened...

Yes, we might not know the exact reason..
but more often that not...
we should be able to find a reason to justify ourselves...

As most would have known..
the sell off was due to the much lower than expected earnings..
In fact, one probably would have called it a disaster.

http://www.thestar.com.my/Business/Busines...-earnings-slip/

Earnings was down 22.5%.

Price targets were lowered instantly.

Kenanga lowered its TP from 1.28 to 1.07.

One thing I know is when a growth stock, suffers a huge decline in its earnings, sharp stock price declines usually follows....

And this is what happened.
That would have been my guess.

Would I want to bottom fish?

NO.

This is something like Zhulian.
Although I would be less pessimistic for Pantech.
For Pantech has a clearly much better business model than Zhulian.

But a decline is a decline.
And for a growth stock showing decline in earnings...
I would rather wait.

I would rather pay the price for being cautious and if the bloody ayam wants to run, let it run... LOL!
I would rather wait for the next set of quarterly earnings....

Or if there is a positive set of new development..
Or if there is a positive set of development in the chart...

Last thing I would want to do, is to guess where and when is the time to bottom fish for this stock.

My long 3 sen worth..... 
yeah.. I could always be wrong ....

wei the ah jib kor counter... chart so scary wan.. still want to buy meh.. ??

What you think?

read me like a blank page 

but if consider banks, i kinda like maybank better... taking away all jib kor political liaisons.
(product better, branding better, more branches, more innovative)

gark maybank vs cimb... you choose which one?

gark maybank vs cimb... you choose which one?

Hwang! 

LOL but dont follow ah.. dont know going into buaya mouth or not.. 

Ur 3.90 should matched today since you're a true fighter! 

Ya match already... enough trading .. time for CNY laio. 

Kuaci time.