when you are making a TRADE, you have basically made one DECISION to buy a stock.
You assess the situation and after 'rational' thinking, you took the big step and DECIDED to buy cos you assessed that you are correct with your decision.
You assessment is that the stock will go up.
So you trade/bet the stock will go up.

You buy.
The stock, however, does not go up.
It goes down instead.

What does this mean?

you are not correct, instead you are wrong since the stock then goes down lower.

Your bet is wrong.

If you buy more and average down when the stock goes down lower, what are you basically doing?
You are merely doubling up on your bet which was wrong in the first place.
Buying more of your initial mistake?
Is that wise?

.... then what if the stock goes down lower again?
buy more of your mistake(s) again?


Supports/resistances.
Stocks are traded constantly.
Every trading data has a new set of data.
Data which might or might not alter the stock supports/resistances.
Things like stock breaking new highs or setting new lows, it happens all the time.
The supports and resistances changes all the time.


ok?

i see... what you taught me just like waking me up from my dream. THANKS A LOT !!!!
i hope it wont go very bad later

no problem.
made a typo...

Every trading data DAY has a new set of data.

haha... is ok...
just few post from you and i learned a lot... really thank you...

haha not over yet this stock, the shariah thingy made this share anti gravity

yeah... i kena hit too

the price i think more or less reflected the current financial situation of this company ( maybe overpriced for some ) maybe i will consider it drop further more :droll:

Company's profit went from 33m to 37m to 42m.
This is an impressive growth.
Current ttm profit is only at 39m.

stock moved big from 2013 onwards...
Earnings was impressive, there was bonus issue and also a reported intention to venture to O&G (duh!)..

http://www.theedgemalaysia.com/business-ne...n-dividend.html

Prestariang made it into 2012 shariah list.
Check out Prestariang's stock performance in 2012.

http://www.sc.com.my/wp-content/uploads/en...iant_120525.pdf

As such, I do not agree that it being syariah compliant made it moved up so strongly.



When a growth stock stops growing and starts declining....
it's always much better to SELL if you are a stock holder/investor.


My 3 sen.

If there's growth to be anticipated, hold then, right? question is, what is the best time to sell? sometimes, KFC trader style seems ok mah.



And paiseh ya boon, just came back from jalan-jalan, will share bits of my paper trading and the reasons.

This post has been edited by billy_overheat: Jun 1 2014, 03:41 PM

So you still anticipate growth for Presbhd ah?

Nope. I didn't study the company. So no comment.

Huh?

profit drop too rapidly, need to check their financial statement later.... boon, do you actually work or you are a full time trader?

just got last friday updated data, saw plenty of klci stocks closed negatively with above average volume eh

Er... I am a full time LYNer!

.

This shariah compliance thingy....

I don't think you should draw a conclusion so fast....

Do a simple search on stocks removed from shariah.

You find this link: https://sg.finance.yahoo.com/news/strategy-...-085012397.html


Do a performance check on these stocks since last Nov 2013.

How did they all do since 29/11/13?

AirAsia, MediaC, Setia, Tropicana, MRCB, Amway, Yinson, Annjoo, Kinsteel, Perwaja are all trading at a higher price last Friday compared to 29/11 prices.

There's no confirming data that shows conclusively that all stocks removed from shariah list will mati katak.

Neither is there conclusive data showing stocks added into shariah list will soar.

Fundamentals of each stock will matter in the long run.

As mentioned before, you need to understand some sort of fundamentals ma....

So what has happened in the month of May?

How was the general profits trends announced?




Care to name some of those 'weak' klci stocks?

This post has been edited by Boon3: Jun 2 2014, 08:20 AM

Boon, any opinions on GENM? the first quarter falls but not that drastic. I am anticipating the opening of their new theme park in 2016, is it wise to buy now?

they say sell in may and go away!

anyway, I saw scientx directors selling off their stocks... and buying up alot also on their own in previous weeks... seems like something is up to me, but I won't touch this stock for now already... wait and see approach

Sorry I dunno how to give investmentment advice leh....

... did you bother to check if CI was up or down in May?

going up, but then people want to earn $$ so they don't bother bout that so much?

But i only remember Armada (is it still under klci or no more?) and GENM (still within its trading range though)