Yes, some group always seems to know before others. Insider trading of sorts I guess.
Maybe also to be entitled to the divident. Have to observe whether there is more upside to come.

Well if say ....
Alu vs steel...
I would say....
Steel for the aggressive....
And alum for the consservative...
Both should have upsides chances....

I think melewar got chance. Price wise currently cheaper than mycron and cscsteel. Spread between hrc and crc increasing. Perhaps cheaper raw materials ie hrc if megasteel is really closing down. Assuming that their engineering biznez don't koyak nx quarter lah.

This post has been edited by cooldownguy86: Sep 30 2016, 07:03 PM

Hahaha..... that would be a bold choice.

See, as it is, Melewar is like pretty piss poor as a company and well, if a turnaround does happen (coupled with Melewar current shitty numbers) the turnaround would look really impressive.

However... having said that.... look at how the stock HAVE ALREADY reacted (jumping from 30+ sen to >60+ sen in this month!) or as some would say 'the speculators have already whacked the shit out of the stock already'....

bold aggressive choice...

no risk no gain....
no gain no money....
no money no honey....

Melewar comes from 20c... Years back

Agree compares to cscsteel probably melewar and mycron is riskier. But the industry current outlook n sentiment is good.

Superman how? Last q beaten down by one off tax. Good price to bet on recovery for nx q

This post has been edited by cooldownguy86: Sep 30 2016, 09:06 PM

Right now, if interested, best wait for the digestion to be completed...

Superman? LOL !
For that sector, its only TG ... for me

Abg boon knows his stuff. Haha. I still bet on superman coz I think it's cheap. Good or not is another story. Haha

Yes i saw tipsy. *checking out superman and TG*

Damn! Batu api!

You should really read lynetnonyma's posting posted on the previous page.

If everyone makes remarks like this and not contribute anything to the discussion...
we might as well tutup forum thread and all play with our own marbles.

It's pretty more fun.

Share you the chart I seeing....



Look at how the stock had performed in Sep alone.

The stock erupted.

A massive gain from its lows 30s.....

It's hard for any stock to move any higher without any meaningful digestion and basing on the chart so far...
I am not really seeing it .....

Plus... I am never comfortable trading such a setup.

Heck, I am not even sure where my exit zone is (of course I could use percentages as a guide but.. ) ....

I know no risk no gain....
but silly risk = silly pain too!!!





and if forced too...
perhaps waiting for some positive trading to return to the stock.....



This post has been edited by Boon3: Oct 3 2016, 11:26 AM

Others beside steel....

Does this consider wave 3?

Aiseh don't scold me leh. Is a "kopitiam" leh, i just talk cock sing song once in a while leh.

Spam...

posted on the other thread not so long ago...

#posting #935

---------------------------------------------------------------------------------------------------

Notes to ownself once again.

These are a traders notes la...

Did I compare CIMB vs Maybank?

Where's the chart(s) ?

This is Maybank



This is CIMB viewed on the SAME time frame.



the zoom view



And CIMB too has a CLEAR TRENDING CHANNEL.

Unlike Maybank, CIMB has a channel which is trending higher.

Does this make CIMB a better banking stock then Maybank?

I do not know. (ayam is trader la... what you expect?)

However... what is interesting or what I am seeing is this interesting set of data....



CIMB's recent 3 quarterlies is showing that CIMB is making more and more money.

whereas this is Maybank....



and clearly Maybank is making less and less money rather rapidly.

Which is a sharp contrast from CIMB.

Is this why CIMB chart is showing an uptrend channel, while Maybank is showing a rather sharp downtrend channel?



Which one better?
Do I want to be in the banking sector in an environment where the central bank had just lowered the interest rates?
Where is the updated set of banking ratios in the sector?
Which bank has the better performance ratios?

Don't know...don't know...don't know...


Trading always about possibilities or some say probabilities...
and trends....

Even earnings has a trend...

so I have to ask myself....
what if the earnings trend continue?
what if Maybank next quarterlies show another drastic decline in quarterly profits?
what if Maybank next quarterlies show a decline in profit of more than 30%?
not possible?

if and if this earnings trend continues to decline, wouldn't the chance of Maybank stock continue to drift downwards?


ah ....
of course if next quarterlies profit increases...
then of course the stock price could breakout of the downtrend and rebounds.
sure it's possible....

but to bet now....
won't me eating lobster or ikan bilis depends on it?

do I favour such a bet?

hmmmm...


oh.... the dividend yield.
LOL!

trailing dividends is 50 sen la.

can count or not.

LOL!

the classical dividend yield or the earnings.
which will have more impact on the stock price?

well... clearly... for now.... the earnings is winning.
so trade the stock for the yield ah?

LOL!


oh another interesting fact...

Trailing dividends = 50 sen
fy 2015 dividend = 54 sen
fy 2014 dividend = 57 sen
fy 2013 dividend = 53.50 sen
fy 2012 dividend = 65 sen
fy 2011 dividend = 68 sen

based on the last 5+ years (some might insist on more years but I am lazy la) .... Maybank's dividends is declining....
point to note hor...


wait... let me paste these simple points posted earlier...







let's see what happens.....
at this point...
I do not have any trading positions....
but as a trader...
one is always fluid.....






my own notes laaaaa....

--------------------------------------------------------------------

both Maybank and CIMB had not fared well since the posting.

and the very obvious question?

why the banking sector?

* pricing. Maybank had not traded at such prices since 2014... hence it's always natural that some would form a belief that such 'low' price would equals to 'value'....

This one....

Failed to live its ipo promises...



See how fast it lost money after listing?

But it is also noted how the stock had steadily turned around since those piss poor results..
the last 3 quarter earnings had rather been positive...

can such a turnaround be sustainable?




cooldownguy86 can bet on such a stock?

lynetnonyma feel free to give me 5 sen ....

OnG !!!



the long downtrend....
the long chinese water torture.....



yup..if you want to think long term...never rush to buy a falling stock.
screw the valuations...
sentiments rules...
what is cheaper today will be even cheaper tomorrow


Lately the chart....



macam tak nak mati...
macam stabilize sikit....



the last 2 quarterlies has showed that earnings no longer mati--ing....
it's stabil...
making 100+ mil per quarter...
but valuation ....

So what's ur fair value. Lol

Probably not a good time to buy yet cos I think the profit will not improve further in this current situation or maybe need to wait to see further improvement