Its just my own preference, as I dont like reading all those reports and forecasting growth

Yes, definitely,. Your preference and if you are good at it, why not?

Right?

err.. anyway just chit chatting....

yes, you don't need fundamental analysis but if you think about it, perhaps it could give you an added edge compared to those traders who ignores them and with such edge, it allows the trader to be more selective. For me, I trade very rarely, maybe one or two stocks per year, sometimes none. It allows me to be the lcly trader who is super choosy with the trades I make....

For your info, based on my paper trading track record, I suck at being an active trader. So I have to adapt and be a trader who uses fundamentals very extensively when I trade.

True also cause using fundamental could help filter a lot of bad stocks but im just too lazy to look at figures

Anyway, Im just curious thou since ur nick is Boon3, I do follow a guy on fb that have the same name boon but its in chinese thou, something like Ah Boon Investment Diary, is it related?

Can do it the half bucket way...


Like Parkson. So many quarters, all lose so many many million hair..... ( profit trend ma, every quarter lose hundreds million, how can good? )
See here new stall, there new stall... ( open new store, no need money ah? )
but sales people inside the store, usually don't do what when they are working ( = no business )

then you look at Parkson multi year chart....

doesn't it made sense why Parkson die like no tomorrow?

That's certainly not me.

You know why?

^ Lol that caught me off guard

Well, looking at its chart from over the years, its certainly is trending down. I knew about Parkson's business wasnt doing very well as my aunt is one the manager few years back. Anyway, do u think Parkson will end up like Metrojaya ?

LOL. I have no idea how Parkson will end up. Don't really care. All I know is never try to be a hero and try trade such a stock.

Sudah u-turn. Now if can cut loss at 0.185 sen i'd be happy already.

haha, bought around 0.22 but the moment i saw the CIMB analyst change his TP, i cut loss around 210 but okay la, i trade short term and jz trade small small amount since very risky. Their QR also hvnt out yet haha. not dare to hold

The Group posted a loss of RM2,319.1 million for FY 2018 and a loss attributable to the Owners of the Company
of RM2,302.8 million. The losses are mainly due to impairment of Armada Kraken FPSO and certain OSV
vessels, net allowance for impairment losses, and higher finance costs due to the cessation of capitalisation of
borrowing costs following the completion of certain FPSO vessels. Excluding the impairment charge of
RM2,242.9 million and net allowance for impairment losses of RM276.4 million, the Group posted a profit of
RM200.2 million for FY 2018 and a profit attributable to the Owners of the Company of RM216.5 million.

Chart patterns....



comments?

For me, it kinda violated the cup and handle pattern when it broke through the first peak, and looking at the sell volume on the second peak, i would only see see from side line

This post has been edited by GSCboy: Mar 4 2019, 10:39 AM

This was one of the standard breakout of a bull flag, charted this last night was confirm it was going to breakout

It appears to me that it's in the processes of forming the handle. Lower volume then...

Wow. Ichi waves....

You might be right but usually trading this kind of pattern is tough until it breakout, usually i always wait until the breakout first to confirm the pattern. Learned that the hard way last time.

Haha ichi gives good indication of a trend

Yes. Many fail cos they see what they think they will see. And yes, the breakout point is important. As usual, waiting is important.

Oh, you see nothing much on my charts, yes?

Paper traded a long time with all sort of indicators and combo indicators too......learned to develop what I can do and avoid what I am not good at.

I think everyone has their own preferred strategy..haha...

On your chart, yes it does seems like a cup and handle but im still abit skeptical because of how the handle formation is done, nevertheless, its still good to monitor

Talk about cup and handle, ran through my screener and found 7073 , what do you think ?