Decided to take profit, 2X% good enough for now.
Continue to hold Superln, scicom, comfort & pwroot
Where to deploy the capital next?
This post has been edited by gark: Aug 29 2017, 01:36 PM
BWC
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 Aug 29 2017, 01:34 PM
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Senior Member
12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia.... 
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Sold OKA, QR results shows lower margin & poorer results.
Decided to take profit, 2X% good enough for now. Continue to hold Superln, scicom, comfort & pwroot Where to deploy the capital next? This post has been edited by gark: Aug 29 2017, 01:36 PM |
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Aug 29 2017, 03:01 PM
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Senior Member
1,497 posts Joined: Dec 2005
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Hey guys, wanna get some opinion in one of my loss trade.
Stock was Mitra. Entered at black arrow because it broke consolidation with considerable volume on blue circle (it then retraced, didn't move lower, and move back up and that's where my entry was). Red line was my cut loss price. Yellow highlighted area then was a 5 cents divvy ex. So i also chose to move my stop loss 5 cents lower. Then Mitra announced it's not so good quarter report yesterday after market, and today it gapped down way past my SL price. Would like to get some insight on where could i improve on this trade. And for cases where a stock gap down way past my SL (normally due to qtr report announcement/news), usually the best course of action i could take is cut as fast as possible ya? This post has been edited by hehe86: Aug 29 2017, 03:02 PM |
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Aug 29 2017, 05:15 PM
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All Stars
15,942 posts Joined: Jun 2008
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Posted earlier this month....
QUOTE(Boon3 @ Jun 1 2017, 08:58 AM) Karex .... Update:The chart looking damn FUGLY !!! Yikes!!!  First thing noticed there's 2 RECENT sell downs... 1st one in Feb 2017. It reported it's earnings on 24/2. See how the sell down after that. From 2.34 to a low of 1.98. (Amazing thing is the stock rallied to 2.2++ after that! What a kind world! Shitty results but yet this one can still up. )Then came to the current sell down (Karex was 2.33) which started on 26/5. Four days before the report came out on the 30th. Current cumulative profits indicates a decline of ONLY 67% in yearly profits...... The amazing thing was the end of profit growth DID NOT just happened overnight.  We are NOW looking at the 5TH CONSECUTIVE quarter where earnings DECLINED! Was there not a chance to exit this stock earlier? Or rather SHOULDN'T ONE NOT CONSIDERED THEIR EXIT STRATEGY EARLIER?    Things gotten even more FUGLY!!!!!  ===================================== 29/8/2017 ============================ Karex reported net profit only 2.9 million Ahem.... things will probably get more FUGLY !!!! |
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Aug 29 2017, 05:30 PM
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(gark @ Aug 29 2017, 01:34 PM) Sold OKA, QR results shows lower margin & poorer results. need directions?Decided to take profit, 2X% good enough for now. Continue to hold Superln, scicom, comfort & pwroot Where to deploy the capital next? » Click to show Spoiler - click again to hide... « |
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Aug 29 2017, 06:01 PM
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Senior Member
12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....
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QUOTE(Boon3 @ Aug 29 2017, 05:30 PM) need directions? Haha pwroot also just report poor numbers.. have to hold for dividends looks like it. » Click to show Spoiler - click again to hide... «  |
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Aug 29 2017, 06:14 PM
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(gark @ Aug 29 2017, 06:01 PM) Haha pwroot also just report poor numbers.. have to hold for dividends looks like it. Lol... why you so fast buy... |
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Aug 29 2017, 06:39 PM
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1,444 posts Joined: Aug 2014
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Orna also going down.. guess people taking profit..
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Aug 29 2017, 07:38 PM
Show posts by this member only | IPv6 | Post
#1148
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Senior Member
5,538 posts Joined: Apr 2011  
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QUOTE(hehe86 @ Aug 29 2017, 03:01 PM) Hey guys, wanna get some opinion in one of my loss trade. Tough call. Gonna be a pain to cut at such a loss so I'd wait. Unless the future outlook of this company is really bad.
Stock was Mitra. Entered at black arrow because it broke consolidation with considerable volume on blue circle (it then retraced, didn't move lower, and move back up and that's where my entry was). Red line was my cut loss price. Yellow highlighted area then was a 5 cents divvy ex. So i also chose to move my stop loss 5 cents lower. Then Mitra announced it's not so good quarter report yesterday after market, and today it gapped down way past my SL price. Would like to get some insight on where could i improve on this trade. And for cases where a stock gap down way past my SL (normally due to qtr report announcement/news), usually the best course of action i could take is cut as fast as possible ya? |
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Aug 29 2017, 09:14 PM
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3,373 posts Joined: Nov 2008
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Long time no see eh guys, how are you? Any interesting counters recently judging the whole market is white hyped?
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Aug 30 2017, 07:54 AM
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(johnnyzai89 @ Aug 29 2017, 06:39 PM) Orna also going down.. guess people taking profit.. Lol. You chased high meh?Movement look ok what. Consolidating nicely after the run up. It's inline with the general market weakness... |
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Aug 30 2017, 08:41 AM
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15,942 posts Joined: Jun 2008
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QUOTE(johnnyzai89 @ Aug 29 2017, 06:39 PM) Orna also going down.. guess people taking profit..  |
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Aug 30 2017, 08:47 AM
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(Boon3 @ Aug 21 2017, 07:30 PM) How about from this 'angle' ? Ooo.... here's an update to this fella....   |
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Aug 30 2017, 08:52 AM
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(danielcmugen @ Aug 27 2017, 12:19 PM) [attachmentid=9080902] Good stuff!! Something brewing at TA enterprise? Just announced a net profit jump with one of their highest revenue ever recorded. But why this counter tak laku? Currently at p/e 3 only. I've been hearing people saying how undervalued this company is since years ago, but the price never quite went above RM1. They have made consistent profits over the years except for 2015,2016 (due to securities investment losses and foreign exchange), so still looking quite solid to me. [attachmentid=9080934] [attachmentid=9080935] *stats graph from their annual report  Sorry but I made no comments cos I am not following this stock at all. So I have basically nothing much to comment.  |
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Aug 30 2017, 08:54 AM
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(gark @ Aug 29 2017, 01:34 PM) Sold OKA, QR results shows lower margin & poorer results. I just looked at it... If I have this one... perhaps I would have taken a risk and continue to sit on it.....................  |
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Aug 30 2017, 08:59 AM
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All Stars
15,942 posts Joined: Jun 2008
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Poweroot.... no much power....
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Aug 30 2017, 09:03 AM
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All Stars
15,942 posts Joined: Jun 2008
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AirAsia... the breakout DID not happen... instead it...........
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Aug 30 2017, 09:18 AM
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Senior Member
1,637 posts Joined: Mar 2010 From: Bolehland 
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QUOTE(Boon3 @ Aug 30 2017, 09:03 AM) AirAsia... the breakout DID not happen... instead it........... AA was flying down this early morning and now it is make a u turn to fly high again? 3.300 liao  |
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Aug 30 2017, 09:30 AM
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Senior Member
12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....
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QUOTE(Boon3 @ Aug 30 2017, 08:41 AM)  This post has been edited by gark: Aug 30 2017, 09:30 AM |
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Aug 30 2017, 09:38 AM
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Senior Member
12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....
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QUOTE(Boon3 @ Aug 30 2017, 08:59 AM) Poweroot.... no much power.... Haha after the 3 month continuous selldown.. hopefully they have run out of steam... Last Q is poorer due to higher raw materials and promotional cost.. raw materials peaked at end of 2016 until early 2017. For raw materials.. I was expecting a better Q since the raw materials is lower, but it seems raw material lead time was longer, so it is a big impact on QR. A bad miscalculation, on the bet on raw material prices... We now see sugar & coffee price have since come down substantially... https://tradingeconomics.com/commodity/coffee https://tradingeconomics.com/commodity/sugar Savings grace is higher sales.. This post has been edited by gark: Aug 30 2017, 09:40 AM |
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Aug 30 2017, 09:41 AM
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Senior Member
12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....
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QUOTE(Boon3 @ Aug 30 2017, 08:54 AM) I just looked at it... Haha.. ok lah.. already gained quite a bit from purchase on early of the year.. If I have this one... perhaps I would have taken a risk and continue to sit on it.....................  |
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