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TSBoon3
post Aug 11 2020, 09:03 PM

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QUOTE(Smurfs @ Aug 11 2020, 08:30 PM)
Greetings ! Hope you getting through covid + "retail frenzy" stock market unscathed.  biggrin.gif

It seems :

» Click to show Spoiler - click again to hide... «

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Playing with spiders now.... Lol.... Sad case.

I remember the 3rd...

That was really the wildest I have ever seen in my life...

Limit ups were happening left right and center. laugh.gif

Super crazy!


TSBoon3
post Aug 11 2020, 09:04 PM

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QUOTE(anakMY @ Aug 11 2020, 08:59 PM)
I dont think the oil prices will hike up so soon. but oil counters already start moving. Dont they think its a little bit too obvious? the goreng intention is so obvious.
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Look for reason first is much better...

If you watch the stocks movements.. you can easily be blindsided.
TSBoon3
post Aug 11 2020, 09:07 PM

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QUOTE(ChAOoz @ Aug 11 2020, 09:03 PM)
For retailers, its all about a good story and logical story. Charts, Figures & Fact is secondary.

Assuming glove counters don't put bursa into a death spiral but just trade sideways.

The next spinning story ? Economies coming back. Vaccine gonna cure everything.

AirAsia, GenM.

Aircraft flying again, economies opening up = Oil price going up = OIL Counters $__$

I guess that's about it.
*
laugh.gif

True but then.....sexy stories have always been sold to the market. And the market always buy them.... such habits will never die.

tongue.gif

TSBoon3
post Aug 11 2020, 09:16 PM

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QUOTE(anakMY @ Aug 11 2020, 09:09 PM)
problem is so many ppl believe on such some nonsense story? jz like some gambling company going to joint venture to develop vaccine? dam hilarious man.
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Eh? That is the stock market lo.

More than 100 years ago.. if you were to refer to that Stock Operator book... there was one chapter on the issue of stock tips.

Read that book.. and compare it with today. 100 years later. anything changed? Nope.

Punters just want tips. They just want to know what stock to buy and how high it will go. That's all. They do now want to know if perhaps the owner if that stock is a shaddy bugger. No. They don't care. Stock code? 2344. TP? 40. OK Hantam me 50,000 shares.

End story.

Or... Old fart buy call on OldCow wo. TP upside 30% wo. Wait for what? Durian fall la...


Yup. That's how it goes..... it has always been the same.
TSBoon3
post Aug 12 2020, 09:03 AM

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QUOTE(yhtan @ Aug 11 2020, 04:39 PM)
Most likely going side way with that kind of volume, the stock will answer for the direction soon
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Did not see your posting laugh.gif

Some 1 mentioned to me that despite the current lower volume is OK because one should have taken into consideration that the current price is substantially more 'expensive' compared to say 2 months ago...

rolleyes.gif


as it is ... uptrend is still there ...... icon_rolleyes.gif
TSBoon3
post Aug 12 2020, 09:37 AM

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QUOTE(ChAOoz @ Aug 12 2020, 09:32 AM)
Hope glove counter did a sideway move instead of a death spiral.

If it did a kyy style exit spiral, the fun days of bursa gonna be over as many new players will be discouraged
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Showtime!
TSBoon3
post Aug 12 2020, 09:38 AM

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QUOTE(Boon3 @ Aug 11 2020, 11:12 AM)
TopGun ... current ...

user posted image

'If' you have it...

1. where and how would you plant your exit?
2. what are the sell indicators to look for?
Here are some things that I see...

1. UPTREND of course is intact lor
2. That candle on the 4th ..
3. number of hitam candles is getting more ....
4. the low current volume ...
cool2.gif

nothing too conclusive imo  ......
*
Oh oh ..... getting really intense .....

user posted image


Lower than 25 on higher volume .... not good hor ..

sweat.gif sweat.gif
TSBoon3
post Aug 12 2020, 09:38 AM

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QUOTE(yhtan @ Aug 12 2020, 09:37 AM)
have to see today closing, it close at current price could be the end of uptrend
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That posting wasn't TOO GOOD la...

After posting... I saw the quotes ...... sweat.gif sweat.gif
TSBoon3
post Aug 12 2020, 09:44 AM

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QUOTE(waghyu @ Aug 12 2020, 09:40 AM)
Traders or gamblers corner?
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Traders gambles based on certain criteria ....

Investors too ..... basically when they invest, they are betting the company remains good/profit growth/dividends remain strong.
A falling dividend or a drastic change in business economics where profits changes puts their investment bet at risk.

.... and what's your point? wink.gif
TSBoon3
post Aug 12 2020, 09:45 AM

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SuperMan .....



sweat.gif sweat.gif sweat.gif

user posted image
TSBoon3
post Aug 12 2020, 09:52 AM

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QUOTE(waghyu @ Aug 12 2020, 09:49 AM)
The point, many so convinced with self performance when make profit when counters climb and on their side. But dont grab profit or stop buying stock at high price, unable to anticipate market. Hold on to melting price in the end melted.
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Eh? Don't assume too much on the folks that posts here.

Many are really good.

Perhaps the main posting on stocks is more suitable for you ya ..... https://forum.lowyat.net/topic/3854236

Hope you can do good there by offering good advice. icon_rolleyes.gif
TSBoon3
post Aug 12 2020, 09:58 AM

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QUOTE(yhtan @ Aug 12 2020, 09:56 AM)
that's why i say it is dangerous now, look at KLCI, if it breach 1560 then it will go down.

Look at Esceram, HLT, Careplus stock now, it is much horrible than the top 4 gloves.
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Yes but on the other hand, stocks like ESCeram and HLT fundamentals not as solid ma...

Careplus? Historically a lousy glove maker... tongue.gif


TSBoon3
post Aug 12 2020, 10:47 AM

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QUOTE(ChAOoz @ Aug 12 2020, 10:44 AM)
Haiz its dragging everything through the mud now.

Even defensive counters also dint up as much as i anticipated.
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Yup... everything gets sucked right in..... but it should be good for you, no?

smile.gif
TSBoon3
post Aug 12 2020, 10:54 AM

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QUOTE(ChAOoz @ Aug 12 2020, 10:50 AM)
Good as in i know there is a base of very strong old holders.

Bad cause i feel retailer not so pumped up anymore.

I expect it to bounce more with new buyers, but lets see how todays end.
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It 'should' be ok kua... my 3 sen guess ....

anyway, I feel that the market is paying for its 4th Aug exuberance where stocks were going limit up right, left and center ..... sweat.gif
TSBoon3
post Aug 12 2020, 11:00 AM

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QUOTE(Coup De Grace @ Aug 12 2020, 10:58 AM)
Ouch

Luckily didn't buy more yesterday. Gloves based on past few months is buy the rumours, sell the news
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Honestly I wasn't expecting this to happen... did saw minor weakness in TopGun but it's nothing too conclusive was my opinion yesterday.

Today, it just snowballed right down... dragging everything ....
TSBoon3
post Aug 12 2020, 11:02 AM

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QUOTE(ChAOoz @ Aug 12 2020, 10:58 AM)
By 4pm+- we will know how much excess in the market as margin trades are called up.

But i think most brokers are pretty prudent this round, din't simply give free credit to play like last time.

If we continue this trend till friday, the death spiral will indeed form for those bursa high flyers.
*
It's possible ... but you should understand I can't be saying too pessimistic/optimistic stuff cause i do not want to simply mislead others to Dutchland .... sweat.gif


TSBoon3
post Aug 12 2020, 11:05 AM

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QUOTE(Coup De Grace @ Aug 12 2020, 11:02 AM)
Now the rumours is Russia vaccine, so people dump gloves and buy pharma stocks
*
laugh.gif

You, yourself should not be listening to such stuff la...

Stay in focus.

The health stocks by itself isn't bad at all. Some are pretty decent and do have their own story to sell.
It doesn't really need such 'story' imo


TSBoon3
post Aug 12 2020, 12:18 PM

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QUOTE(Boon3 @ Aug 11 2020, 09:16 PM)
Eh? That is the stock market lo.

More than 100 years ago.. if you were to refer to that Stock Operator book... there was one chapter on the issue of stock tips.

Read that book.. and compare it with today. 100 years later.  anything changed? Nope.

Punters just want tips. They just want to know what stock to buy and how high it will go. That's all. They do now want to know if perhaps the owner if that stock is a shaddy bugger. No. They don't care. Stock code? 2344. TP? 40. OK Hantam me 50,000 shares.

End story.

Or... Old fart buy call on OldCow wo. TP upside 30% wo. Wait for what? Durian fall la...
Yup. That's how it goes..... it has always been the same.
*
anakMY

Here you go ...

user posted image

user posted image

Sounds familiar or not? smile.gif
TSBoon3
post Aug 12 2020, 12:24 PM

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QUOTE(Coup De Grace @ Aug 12 2020, 12:21 PM)
Things never changed

Any tipsy?  drool.gif
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That book I think got 100 years old ...
One of the best book smile.gif

Can buy la
TSBoon3
post Aug 12 2020, 01:59 PM

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QUOTE(silverwave @ Aug 12 2020, 01:47 PM)
Hi, for analysing the charts like the sifu's here, is there any website i can start with to learn? One that does not confuse a beginner biggrin.gif
*
Hello, you are welcome here but please drop all the sifut sifut nonsense.

All is equal here.

Google is the best,

https://www.investors.com/how-to-invest/sto...-for-beginners/

follow the links...

that's a start ....

every time you get stuck with a phrase you do not understand... google again.

and if you wanna be good in trading... err .... my advise (which you probably wouldn't like) is stop trading now.
Do only paper trade. Paper trade for few years... when you are ready.... you will know it.

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