Ooo SKPet?
I think early days.....still.
It's merely noises you are seeing as the stock IS still in the consolidation phase.....
Just watch and see how things unfold....
And mark down your thoughts of today.

TC-Titan

This is the sideway consolidation phase I am looking at....



and you compare it vs the other day's chart below....
nothing much has changed...



This post has been edited by Boon3: Nov 3 2015, 07:06 PM

Did you see?

It broke out of the range....

So basically always two option....
chase the fella...
or wait for the fella to pullback/consolidate after the breakout...


Anyway, your paper trade turned out great...
when you decided to buy the stock at the lower end of the band....

I wouldn't have done that.
2.17 is right smack in the range...
too risky.... (yeah... hard to explain... it's saying 2.21 is better than 2.17. )
I would rather buy at the low end of the range...
or after it breaks out of the range....

practice...practice....practice.....

fake trading is good for you.





psst.... I still do a couple of fake trading here and there all the time.

Btw....

now is the time to practice your sell.

your fake entry was at 2.11? yes?
or is it 2.12?

now what will you do with that trade?

how are you going to take profit?

Mark it down see what happens!

Learn never to get excited.

Human can't think wisely when they are overly excited, more so when they are intoxicated.





same with trading....

practice fake trading long and frequent enough...
and you will find one thing very clear....
on winning days....
you tend to make mistakes trading another stock....
cos your mind is already on cloud 9.....
so happy...
thinking of all the beer and whisky....
and what not....
that you end up making an unnecessary risky trade.....

well....
tell me I am wrong about this....
in a few years time....

Harloo... you no simply guess what stock I trade la....

That posting posted 2 Oct....
Nobody else commented....

Sometimes, better to keep quiet.

How's the SKPet trade?
Did you jump out and mark a profit quickly yesterday morning?

2.17 now.

it should probably trade as low as the low lower range set recently....



** ahh... this highlighted the risk in range breakout trading, doesn't it? **

** any major surprises? **

You probably be shocked with my answer...

See there is basically two type of trades...

1. Easy trades...
2. Difficult trades....

The goal in stock market life, is to make money.
That's what's important...
No one will give a hoot to look into the exact details in your trade...
that is.. no one will look into your trading history... and say...
walauehhh.....dude... that trade in ABDS was difficult yo...
many lost money...
but you made money.....

no one cares....

what's most important is the bottom line...
ie... ah biang ah... you sibeh geng la...
you made so much money one....




for easy trade....
SKPet should have gone up...
held the gain...
and probably see it retest perhaps the 250 region....

that should have been the expectation...

but for SKPet it was not....
all it took to shake the trade...
was for Yellen to yell out.....
the possibility of the Dec hike....
and this send the USD higher...
and the oil prices lower....
which then goncang the hell out of SKPet momentum.....

if one to be the Texas Fried chicken trader...
one could have easily exited at least 224 yesterday....
but if one did not...
one would stuck....
wondering....

but for me...
it's just normal....
it's just a difficult trade......

This post has been edited by Boon3: Nov 6 2015, 10:22 AM

That's good thinking....

on the other hand...
in regards to price fluctuations....
shouldn't one have incorporate this factor (for so, esp for ong traders)?
the oil price isn't going to recover straight up atm...
and neither it is going to plunge atm...
hence the trader should have had expected price fluctuations BEFORE they even traded the stock...
and that the oil stocks are probably going to be news sensitive....

and I am sure you are aware of the difference between a fluid trader and a rigid trader...
the fluid trader is always open to changes in the market and is quick to react and adapt...
whereas the rigid trader sticks to their principals tightly....
each got its own plus and minuses....

again it depends on .... you.

yea... yea... yea.... know who you are first....


Key IMO is keeping things simple.
Trade simple stocks...

You don't have to be a hero trading big name stocks or trading them stocks which are in vogue.

This post has been edited by Boon3: Nov 6 2015, 11:17 AM

It should now be considered a Chinese stock.

Bloody hell!

Don't simply drag me into the water!

Actually, I wonder why you want to even bother talking about a average stock like Padini.

Does it even pass the very basic fundamental screens?

for example.

How is the current profits?

This year it made 80 million.
Last year it made 90 million.

Decreased 10 million.

How is the profit trend?

FY12 profit: 95 mil
FY13 profit: 80 mil
FY14 profit: 90 mil
FY15 profit: 80 mil

How is the dividends trend?

This year 10 sen.
Last year 11.5 sen.

Declining dividends.

Right of the bat, it is declining already.

The two very basic issue....
and Padini is already failing .......

how?

Was there a concrete reason to trade up such a stock?

** note this was pointed out nicely by gark previously **

but then....
lol....
this stock....
is Tan Teng Boo star stock....
LOL!
So there will be some blind supporters for the stock just cause Teng Boo's ICap owns some shares in it....


Oh... and yes ..... the CURRENT chart is nice.

Super nice if you bought in Jul 2015.
But if you ask one who bought in April 2014, they will probably kick your ass for suggesting this is a good stock.


** which makes me realose that I did wrote some shit on this stock before back in 2013... LOL!

posting #1602

*****************************************

The main chart.



Padini was once a hot favourite. Backed by a strong growth story, you could see the extreme strong movement in the chart till end Aug 2012.
The earnings reported by Padini end Aug was terrible. Earnings declined like hell.
Was this a signal that perhaps the end of the growth story?
Would stores like Uniqlo eat into their future earnings.

With such a bad earnings, Padini corrected strongly.

Currently..



As you can see that the end Aug/Sep correction had ended and the stock was trying to find its feet again (mixed feeling about this as the earnings are rather week compared the previous year).
It had a superb run in May until taper June send the stock crumbling down once again.
Despite the heavy June correction, TA would be happy to point out that the stock appears to have found a higher low of 1.84 and that higher bottoms can be seen since end Dec.
Could 1.84 be considered as a new found bottom?
If that is the case would you want to put a wager on this stock?


This post has been edited by Boon3: Nov 10 2015, 09:56 AM

So sad.....

Without looking?

A company would do sales....

Err...maybe 3 reasons?

cos excess stock inventory...
cos stock inventory might go out dated....
cos obsolete with newer model coming out.....


For company like Padini, inventory out dated = out of style...
So best they clear stock by having mega sales

That said....
In accounting....
There are several ways to do with inventory...
They can write off...
Etc etc....
I wouldnt know cos I aint no accountant.

I dunno cos the stock was not in my tracker.

Huh?
This is forum leh...
You grab chips to read a forum message?

You ok ka?

You had some special brew so early in the morning ka?



Eh?
Different people sure got different preference la.
What you talking about?

Well done!

Looks like you have been putting in a lot of focus and hard work on stocks.

It acquired a huge stake in a Chinese company

http://www.thestar.com.my/Business/Busines...urge/?style=biz