There's nothing that really fits into my trading setups.  That's all. Several iffys but nothing really seduces me.

LOL! You cannot follow what I do exactly la.... siao ah??

Before COVID hit hard? Look for companies that's most likely gonna make more money in the future. They need to sell the sexy story....

Chasing trends? Not easy game to play ho. Even I no good at it.

Did you read my initial glove posting and the back test data I did?

See that back test data was crucial. It showed that ...

1. During the SARS pandemic ... the glove stocks really flew.... we are talking multi baggers here. And obviously the best strategy is whack it as much as possible and then sit and do nothing.......

the in and out strategy makes no sense. why go for a few bucks profit when there's big money to be made?

2. The profits soared.

Okay but this time it was slightly tricky. Cos during the SARS period, players like Supermax and TOP were still babies... now they are big. So I did have some doubts on how big of a profit growth is possible....

This was what was needed. Back test the strategy you want. If it made sense and there's a possibility of big money... swing hard at it.... 

That's all....
See how important back testing is?

At times like this, one of the common things you here is go for dividend stocks..... but as proven numerous times before via back testing... this strategy is iffy. It's not a sure win!

Without back testing, you won't know what's good or what's iffy....

I did not say I played TG.

I posted my exit. One really needs to know when to sell. When to admit you farked up and sell your mistake and know when to collect your winnings.... Know your setups.

Long time you no come kacau......



  ? LOL!

Yeah... I think it's best to avoid all them indicators.

my chart usually kosong one mah...

at most .... if need to show .... I add in some blue lines lo ....... lines macam ini ......

Two charts with the 200MA included...

[attachmentid=10528794]
[attachmentid=10528795]

1. Maybank... can the 200MA tell me something that I don't already know? 

2. Superman... do I need the 200MA to tell me the stock is trending very highly? 

Oh.. the 200MA crosses....

See the Superman picture. Price crossed down the 200MA in March 2020...
Oh oh... if one used that as a sell signal... 
My own preference...
better not see the 200MA then see .... 

so will superman crash down this coming week?

"know"...

only time travelers and demigods "know.

but really, all the indicators i see with my simple eyes do point to higher.

cimb gave it 9.80, ammb 10.40.... others expect 12, 14...

so, we will just see what we will see.

i personally find supermx a superb trading counter lately, hope it continues to kangaroo higher.

opps    i rephase, do the charts indicates that superman is crashing down soon?

hahahahaha

anyway, lets hope the glove bubble can maintain for few more months then only burst

oh no... most local IBs gave "low".

public bank on 26 june, just a week ago:

"hold 11.10"... harta went gangbusters to reach 16.00.

maybank 30 june:

spot on for topglove but all the rest were beaten soundly.

only this aussie co. has been gungho, gave topglove rm30.4.
https://klse.i3investor.com/servlets/ptres/55915.jsp

the fans are cheering becos they expect the 2Q profits to be monstrous.
just take an average p/e, u get high TP's.
the sours are saying ponzi, collapsing, vaccines coming, war coming...
that's the fun of it... take yr pick!

Ok.... maybe what I wrote is too susah to understand....
This is what he wrote....

[attachmentid=10529566]

See? After all his calculations, his ESTIMATE EPS is 90sen.

Now this is what Superman is doing at it is....

[attachmentid=10529567]

Based on current twelve months (or trailing 12 months) Superman eps is only 10.37 Sen.

Ok an eps of 10.37 is way, way to low.... maybe an estimate eps of between 20 to 30 sen is more acceptable....
BUT that bugger estimate eps is 90 sen wo...

90 sen.....

can understand how rocket the estimate is.... 
But anyway..... market is hot.... lol..... anything bull also is usually accepted...
all people is interested is...........how much is the Target Price....
no one cares how the target price is derived......

Firstly... try see it as it is.... without any bias...lol..cos I am guessing you now have vested interest.

1. Q-Q comparisons are meaningless of course m

2. Yes, of course one can expect some increase in ASP but there's only so much one can increase price. That's business. Anything more than 30% is beyond my opinion of reasonable.

3. Add in the 30% increase in asp, one is Not gonna get anywhere close to the insane projections made by that kyy. It's rocket. No business net profit can grow on a 15% compounded monthly. It is logically not possible.

Profit will be good for the glove sector no doubt but I reckon you should keep your feet on the ground and not rely such fantasy profit projection..

Do you ever back tested bullish earnings projections? Yeah, I know. Nobody does. No one cares. As long as these earnings estimate projections help to justify the sexy price targets, everybody is happy. All they want to hear is the high price target and they compare it versus the current price. The higher the better. It is what it is.

But if you ever do back test the data.. you will find that most of the earnings estimates are never hit.... Lol... but yet, nobody cares. Lol.

Ps.. dont worry what I say la... sentiments are way too bullish...

greatec mana

those retailers chasing after glove put warrant is going to burn badly

Put warrant = U are betting the stock direction is going to go down

Market turning cowboi huh.....