Good News for Silkhld?

http://www.theedgemalaysia.com/business-ne...for-rm398m.html

JFYI I do not use stochastic and RSI.
As seen by you in this stock, it has its limitations.

Before today's trading, it was NOT a stock to be in.
Stock is clearly trending lower (which is reflected by the news)...
and IF continues to trend lower, then there is a possibility it could hit the support, which is about 14 sen....
... and there is no guarantee that the stock will even hold at that 'support'....

... it's in exactly what I call no man/woman land.

No new catalyst and stock looking weak.

Not a smart bet to make at this juncture.

Today the stock closed with a gravestone doji.

.... well depends on tomorrow's trading, things might just improve.....

This post has been edited by Boon3: May 27 2014, 10:11 PM

oh... in that case, i should analyse a stock base on what? is the gravestone shape indicate anything now? how about MACD and boilinger band?

You need to find yourself first.

Know what's your best trade.

Know the limitations of indicators.

If indicators can be used to make money all the time, then why don't people win all the time?
Why do we still see people losing money despite trading with indicators?
Are they using the wrong indicators or they using the indicators wrongly?
or is the simple fact is that indicators all have its own limitations?

makes sense. but then what should i do now? study the chart and gather experience? i am clueless now

I think boon looks at fundamentals first to decide when to buy and at charts to decide when to buy. Charts are mostly used to see if the stock is on an uptrend. Don't buy stocks when they are on a downtrend. Wait for the downtrend to break first.

At least this is my interpretation of his strategy.

i see...

3 sen....

This is something the company needed to do.

It wants to turn itself into an O&G company but still runs a highway (which isn't very profitable)...
As it is, earnings is very SMALLISH... stock rather pricey.
It needs this disposal.
It makes sense.
After selling, it will have the fund to improve its O&G division...

so in a way... it's a good news for the stock.

interpreting me no use one.............................

It's going to sound cruel.
Well, if you are clueless now then you should read more before you play the market.
Read tons of books....
Do paper trading.... lots of it.... that's the best way to gather experience.

Only when you are ready, then only you should play the market.



Hope this does not sound so discouraging.....

anyone can make money from the stock market.
but they need to learn before they play the market.

i did read some books, but just some. and those books is more on fundamental more than technical, suggest to hold stock more than one or two years.

may be you are right, i should start paper trading instead

anyway, thanks a lot for you information

hi guys, just back from random backpack taiwan trip with friends after i finally resigned from my company... looks like i miss lots of things and tips here

Would it help a trader if you understand why someone else (like an investor) would want (and also NOT WANT) to buy a stock?

If your answer is yes, then knowing fundamentals is a big help!

Waaaa.... taiwan backpacking?

Sounds fun.

highway is just investment for them... asset investment ....

unlock value.... booooom.. fly lo....

Company started as a highway operator la....

recently it's only divesting into O&G.

with this disposal, it wants to be a full fledged O&G player....


I don't quite agree this is 'unlocking value'....
not quite the same....

silk q price is crazy. i'm not joining them for sure

it was good, but quite dissapointed by their food. overated

this is from SILK's profit report.



like I said, the highway is not 'very profitable'.....

not very valuable.....

if it's not valuable... it's not unlocking of value...

no value to unlock.

,,,, and you really do not want to see it's balance sheet too.






.... stock boom or not....

I dunno lor.....

This post has been edited by Boon3: May 28 2014, 09:01 AM

hevea looks stable now