buy at support, sell at resistance is quite common, isn't it? Been tinkering around with different strategies but like you said, anything is not a sure thing, then now it's like betting against the luck. Outsiders have limited resources to know the bigger pictures.     

Hahaha ! Thanks for sharing     

A very typical Malaysian pump and dump stock by sharks in the markets.

Like Pump and Dump stocks?

Posted other day...

Yeah, so easy to do this in malaysia and a few mils capital can do this already.  Unless you can sit in front of computer whole day and tape read, retail investor has very slim chance to make it.

Good luck and play with money that you can lose all only.

very true.

however not all stocks as badly manipulated as this.

there are still quite a number of tradeable/investable stocks.

Market players just need to do their own homework and know what are the stocks to avoid. 

I have been reading your post from time to time.  Unless u want to invest for long term, otherwise, it is time for u to swim out to the bigger ocean like hk or US already.

I have been reading your post from time to time.  Unless u want to invest for long term, otherwise, it is time for u to swim out to the bigger ocean like hk or US already.

Thanks for the advice!

buy at support, sell at resistance is quite common, isn't it?

Yes, that's the common teaching....

But what did that example says to you?

Did buying at support work?

What can you conclude from this?

Been tinkering around with different strategies but like you said, anything is not a sure thing,

Like I said before, there's no HOLY GRAIL in the market.

Which is why you need the FAKE TRADING.

You need to trade years and years and years.

Learn and practice before you go to war.

Don't be silly and go to war and learn when you fight.
You will sure end up mati-ing in no time.

Find out what strategies works best for you.
Find out what strategies you are good with.
Know how to cut your losses small.

DO your own homework!


Outsiders have limited resources to know the bigger pictures. 

Outsiders is still ok one laaaa......
You don't have to play the 'popular' or 'current' game in town...
just concentrate on stuff you are good at....
stay away from rumors and .................... tips.

the example give opening to kfc trading 

really learnt a lot from you sifu bone especially for chart analysis 

Haven't got the chance to really touch the bigger ocean yet, but like boon said, there are still some good companies around. Plus, as Malaysian, trading local stocks let me know how the products or services they are providing in a more familiar context, in my book, it's quite an advantage. No? 
*p/s: don't shoot me. 

1. This is why I had kept on saying repeating that profits is always more important than dividends - NEVER chase a stock just for its dividends.


2. Mentioned few times before, reading the financials is more important than observations.

Posted other day...

Also posted last year.

here are two warrants.
One dies in 2015, another dies in 2017.

Exercise price is an expensive 35 sen.

There are many VALID reasons why to avoid china man stocks.

If you discount out the man with oil and the wok, using financials data and logical reasoning, it's pretty clear to avoid china man stocks.
Only if you are interested, we can always chit chat these stuff again.

i was checking on some stocks quite randomly and i came to this. why? cause the price has somewhere quite intact with it's fair value price. the revenue is actually recovering.... or maybe i missed out some important news

so if it's ever to goreng, maybe can earn some big abalone meal, if not, maybe it will stay a range between 15-20

haha thanks alot for this insight, a really good and easy to understand statement.

able to see that support level is not always a buy signal.... at least for such shares.

but 1 thing i read from livermore is that he always follows trends. his method works when the market is either on a bullish or bearish run. if the market were to stay stagnant with price fluctuate and deflate, this method will not work. another word, using his method for trading which buys after breaking the resistance level or sell after breaking the support level, sometimes or most of times will not work.. during some run

however, 1 stock which i noticed so far. YTL corp. if livermore theory is true. it will shoot up after breaking 1.70

Highlight Bursa-listed Chinese firms scrutinised on falling profitability, non-compliance, The Edge Malaysia reports
Business & Markets 2014
Written by Chong Jin Hun of theedgemalaysia.com 
Saturday, 10 May 2014 09:53
A + A - Reset

KUALA LUMPUR (May 10): Business dynamics of the 12 Bursa Malaysia-listed Chinese firms are scrutinised on reports of falling profitability, and non-compliance with listing regulations here, The Edge Malaysia reported in its latest May 12 -18 issue.

According to the business and investment weekly, operating dynamics of these companies, which include names like HB Global Ltd, China Stationery Ltd, China Ouhua Winery Holdings Ltd and K-Star Sports Ltd, mirror those of China’s small and medium enterprises (SME), which are showing signs of distress as China’s economic growth slows.

The weekly said with falling profits and slower collection of billings, there has been news that the SMEs were having difficulty repaying high interest -bearing loans obtained from the shadow-banking system in China.

“Those that are listed on Bursa Malaysia and “appear” cash-rich, having raised monies from domestic IPOs, are not insulated with many showing thinning margins and rising receivables.

“But what’s more worrying, for local investors that is, are recent events at some Bursa-listed Chinese firms that could mask the real extent of the problem,” the weekly reported.

According to The Edge Malaysia, three of the 12 Bursa-listed Chinese firms could not submit their annual audited accounts after reporting a fire that destroyed factory premises, and that auditors were unable to substantiate their bank balances or inventories.

The weekly reported that Malaysian regulators had not started investigations on the matter, although investors in Singapore were said to be on high alert. This followed probes into Chinese firms listed on the Singapore Exchange on alleged cases of stress-induced fraud.

In Malaysia, The Edge Malaysia said there has been no evidence suggesting the same might happen on the local bourse.  But recent events at some of the Chinese firms listed here were said to be wiping out whatever little confidence investors had in them.

The weekly had sought a former investment banker’s view on the matter.

“These companies are struggling to cope with China’s slowdown. They have high operational gearing, where fixed costs are much larger than variable costs, making them very vulnerable,” the weekly quoted him as saying.

He pointed out that the Chinese firms that have sought listing on Bursa were mostly third-tier entities or SMEs operating in the lower industry value chain. The firms are seen as earning low margins and lacking branding power.

According to The Edge Malaysia, the fact that these companies’ assets and cash are parked in China has made it difficult for Malaysian investors and auditors to get a closer look at these firms’ financials.

The weekly reported that while their balance sheets looked good on paper with huge cash reserves and virtually no borrowings, it was a challenge for local investors to keep close tabs on them as most of their assets and cash were abroad.

“This is further complicated by the fact that many of the Malaysian auditors have to rely on the audit reports of China-based auditors that conduct the actual physical inspection of the inventories and cash balances.

“Not surprisingly, investors are growing wary of the operating conditions of these firms amid a tougher economic climate in China,” the weekly said.

The weekly quoted an investor as saying that such concerns were not unfounded.

The investor, who questioned the use of these companies’ huge cash balances, had asked why returns on their cash were so low despite the high interest rates in China, the weekly reported.

According to The Edge Malaysia, these companies’ accounts indicate substantial cash balances, but extremely low inventory relative to turnover. This shows that the bulk of the cash is not actively invested in inventory, but sitting idle and earning very low returns.

The 12 Chinese firms listed on Bursa collectively have over RM2.8 billion cash in their books, the weekly reported.

Malaysian regulators will be closely watched with regards to the business dynamics of these companies.

According to The Edge Malaysia, local regulators cannot impose tougher measures on Chinese firms listed here because that would be seen as unfair.

Based on past experiences in Singapore and the US, there was little regulators could do because the companies’ operations, assets and management were based in China.

“Only time will tell if the Chinese firms listed on Bursa have what it takes to ride out China’s economic rebalancing and convince investors of the accuracy of their book keeping,” the weekly said.

However, the new developments in some companies not being able to file their accounts on time or having them qualified is more worrying to me.

Yes, the problematic ones are the China counters listed on Bursa, namely China Stationery, China Ouhua and HB Global ... as some of them have been garnering huge volumes of late, do not be surprised to see plenty of people jumping off these China counters. It will burn other China counters listed locally as well by association.

ANY GOOD SHARE TO BUY I REALLY WANT TO HUAT MORE AND MORE. NOW I'M VERY VERY SIAO LIOW COS SOMEBODY GIVE RM500k AS A GIFT IF I CAN MAKE PROFIT FROM THIS MONEY FOR TWO WEEKS PERIOD

I give you 510k as gift if you can make 520k

I give you 510k as gift if you can make 520k

ANY GOOD SHARE TO BUY I REALLY WANT TO HUAT MORE AND MORE. NOW I'M VERY VERY SIAO LIOW COS SOMEBODY GIVE RM500k AS A GIFT IF I CAN MAKE PROFIT FROM THIS MONEY FOR TWO WEEKS PERIOD