Hi. From reading many previous posts, there seems to be lots of experienced stock market players here. Hope a newbie to this thread is welcome...

I was hoping I could get such answer here, but you ask me the question instead! I have seen some members here share some tips and info on stocks and some of those gives some good results But I haven't been able to identify any such stock myself.

No system to share. Mostly read here and there, check on tips and info, point and shoot hoping for some pocket money.

For short-term traders, I guess the key is to identify which stock is going to breakout and move upwards. That is not easy to do. Sometimes its analysis, sometimes its luck. Sometimes its from tips or info from others. Problem is that this method could also cause you losses if you get caught in a pump and dump game.

For short-term trade, for very small profit (pocket money), I look for counter which price has come down a little (for whatever reason), then buy it with the hope that the price will go back up again to the level before it dropped a little. Then sell it to gain that little profit. This is just small price movement up and down, not large drops or large increases. Maybe the stock is doing some minor correction.

I guess it depends on whether you are a trader or investor. If you are an investor, basing on fundamentals of the company etc is the way to go. If you are a short term trader, by the time you check on all the fundamentals, the price may have gone up and down and you missed the opportunity!

I am currently interested in small short term profits to supplement income. If for long term investing, there are so many bluechips to choose from.

Thanks for the link.

Does this mean that most of you in this thread here are mostly long term investors? I ask because from reading many previous posts on this thread, I have seen members talking about penny stocks such as LUSTER , DVM etc. Some of these seem to be the pump and dump game (or shark attack or goreng or whatever you want to call it). I thought many here were also short term traders.

I think it is important to note that a trend is only an indication of what *might* happen next and not what *will* happen next. Although they say the trend is your friend, it only serves as a guideline, not an absolute. There are too many factors locally and around the world that could affect the stock market at any given time. You could have our index showing a 5 point increase every day for 2 weeks which means an upward trend, but it does not mean it will continue that way as anything can happen anywhere around the world that could affect the market to suddenly go down. Trends are only best guesses based on everything staying the same as when the trend was projected. Otherwise, it would be predicting the future instead. Its like flipping a coin or choosing black or red at the tables, which is about your best guess and probability and your luck as you really don't know what will happen next.

Thanks for the intro to some of the players here. That's a good mix of people and methods.

LUSTER had some activity again around noon today, and looks like maybe more activity now.

I don't quite get how this works. Doesn't the selling drive the price down causing others to think that the stock is not worth buying? Or its so that it can be bought back by the same players at a lower price again?

I get that the sharks do that to make profits. But if you own part of the company, why does the owner also sell driving the price down? Does that not reflect poorly on the company because its share prices are going down/.

Ok, I guess when I read your earlier reply that he won't let Luster die since he owns 9.77%, I thought you meant about the well-being of the company. But I guess you meant he won't let the company shares go too much down instead.

MAEMODE going PN17.

5w4tch mentioned it this morning. Saw it then but because of PN17 coming, left it. Missed out too...

And high was 0.21. Don't look anymore. Too much pain seeing how much could have gain....

Where is this KLSE quote price page to see your queue position? In the online stock trading platform or at the KLSE website?

Seems like the strange price movement was not a system error.

http://biz.thestar.com.my/news/story.asp?f...51&sec=business

6718 CRESNDO seems to have dropped quite a bit too.

I see a lot of buy/sell activity but the price keeps within a small range. But the price has been going downwards steadily for a couple of weeks now since it was at 4.50.