I see 3 plausible outcomes:

a. Insiders making the stock go lower, so the new investor can enter at a cheaper price at market rate or at fixed price.

b. Insiders themselves together with swing traders trade when the price is lower (e.g if you bought at 25.5c and sell at close to suspended price of 36c = 41.1% return in few mins/hours)

c. The traders who bought during the announcement of the proposed private placement will get slaughtered.

Yahiko-san, that's the ideal strategy: buy low and sell high, provided the share price does u-turn and go up higher.

If reverse and go down lower, is also possible ma.

-delete-

This post has been edited by TC-Titan: Nov 3 2015, 04:09 PM

triple tap >_<

This post has been edited by TC-Titan: Nov 3 2015, 04:08 PM

Yes boss, I'm doing ok with what I think is suitable for me.

However, I recently tried a breakout strategy u mentioned last time. Bought VS. Let's see how things pend out.

Thanks for the reminder.

PS: SKPetro slowly naik. So all those technical crap I mentioned earlier on can buang d. Lesson learnt = learn to trade.

Haha I forgot to check the chart to confirm on the resistance level for breakout. So I tot today's price movement was indicator of things to come.

On 2nd thought, the volume is still quite little n still have fair bit of room to go before breaching 2.25 or to breach 2.09.

So yes boss, nothing changed.

*smacks own head with imaginary paper trading journal

But isn't that a sign that they r becoming desperate as perhaps retail sales isn't doing that well?

Entering to online sales now would be tough for them too, as they need to spend quite a fair bit of capex n structure their biz to cater for that. Dun forget they will be competing with lazada, zalora and tonnes of other online boutiques which are selling at cut throat prices. Gona be tough to compete n recover from those expenses.

Ni 2 sen saya sahaja.

Thanks Boon for the Masterclass lesson.
Good 7% profit d assuming this morning's high of 2.26.
Going to continue to observe to see how the price breaks out from 2.25 convincingly. Volume still seems low to me.

I almost wanted to key in a real trade today at 2.17. See see the price fly up d before can react on time lol. Nvm, learn more first. Alwiz have opportunities wan.

Hmmmm

EP: 2.11
Since just two days consecutive white candle, I believe still have room to hit 2.31 to 2.45.

First TP : 2.31
Second TP: 2.36
Ultimate TP: 2.45

Will take partial profit at 2.31 if i see the momentum slowing down.

Closed at 2.26 with nice volume.

A lot of buy trades at 2.23 to 2.25. Things should be interesting in the next 2 days.

Awwwwwww but I'm only human. 10 cents move up in 1 day must be "excited" a bit la even though its just a paper trade.

But I agree la. Cannot be satisfied with this meager profit. We want MOOOARRRR~~~!!!

Need more control of my emotions.

I think shud have some major action for homeboy today.

This post has been edited by TC-Titan: Nov 6 2015, 07:30 AM

No didn't run. I think still too early to run. Still consolidating.

The announcement on the gas field development project may appear as a good thing, but that's another 1 bill plus debt in SKPet accounts. Expected first stream of income only on 4th qtr of FY17, so around end of 2016 assuming everything goes to plan.

Apart from the above oil price now still seems quite volatile. Yoyo between 45 to 55 every time.

So in this type of environment, I think must do quick trade get the 5 to 20% profit then cabut. Higher return % means u gotta enter at the lower band and pray the price breaks up n continue that trend.

Let me know if I'm looking at it wrongly.

Thanks Boon for your opinion.

I agree a lot of people only keen to know how much $$$ u made n the return %. The rest can keep to own self. But I like to know how n why they did the trade. U can learn from other people's strategies provided they were honest to u.

Difficult trade or not, I think one shud have considered the price fluctuating and doing a whipsaw to flush out jittery people. Since I have set up my target price earlier, I'm gonna stick with it unless there r very clear signals showing otherwise. So I won't simply take profit or cut loss unnecessarily.

We still have 1 month to go before aunty yellen does something, so anything still can happen to Skpet share price.

There's a FA guru that says Padini is worth close to 2.50.
But I believe this is in the long run. Give this stock to your future kiddos la while u buy few buckets of beer from the dividends when they increase the payout over time.

LOLz ah pinky just say its Pmetal. Dun shy shy k
R u sure the peers are all highly geared....
The prospects are different. One being interested by everyone, the rest not much interest or even news about them.
So gotta see what's your "poison" lo.

U need to see which part of the supply chain those companies are... hence the reason for the margin difference.
Pmetal focuses more on upstream. for extrusions quite minimal.

Next, to see which which gives u the highest and fastest probability for capital appreciation and decent dividend yield. As I said, only Pmetal is in the limelight. But does that mean the others are bad?

There is a difference in mgmt style. Pmetal is VERY aggressive and upper mgmt don't mind losing sleep being geared 100% above (better pray no more api ... ). LB and gang are prudent, conservative and are still growing their business at a moderate pace.

U need to be mindful of:
a. USD rate for imports and exports
b. LME price + premium to their cost
c. Growth for construction in MY and overseas
d. Impact of China's supplies versus the world
e. Impact of bigger companies like ALCOA, GLENCORE versus other aluminium companies
f. Competitive advantage (ps: im sure u can figure Pmetal's key advantage versus the rest).

But as Unker Boon, like to say.... keep it simple~ so lai tembak darts on the stock now and learn to trade hahaha~!

PSS: I don't have Pmetal shares but have been monitoring and planning to buy like 4everrrrr~

Unker Bone highlighted this stock earlier d (last month i think).

But I personally know one guy who slowly bought and accumulated till become top 30 shareholder.
He seems very convinced can huat and doesn't mind holding for multi-baggers...

PS: I didn't buy PUC. So do your own DD before trading ya.

Unker Teh has given quite good explanation d. I was expecting Unker Pinky to tambah batu api somemore hahaha

For clothing/fashion line, their margins are usually very good.
So whatever discount/clearance/firesale etc, they will still earn some margin for sure.
So I rather a business sell off most of their stocks with minimal margins instead making impairments and writing them off at a loss.

If you quantify the 3 groups of inventory losses, stocks written down to NRV, stocks W/O: overall i think the figure is still small and manageable.
U should compare this figures versus those recognised in their COS and current inventory balance in BS, so the % impact is still negligible and acceptable for their line of business. All retailers and most businesses incur similar expenses but lower.

Padini has been in the biz for quite a while, so I'm sure they know what they are doing despite facing massive competition all around. As Unker Pinky says it well enuf: their earnings are resilient. And this would eventually result in consistent and higher dividends in the end.