Haha! Me holding? You should know that I do not talk about what stocks I hold.

Selling at 32.....
I understand many like to use this self half strategy....
I don't.

For example, 32 doesn't look like a selling point and for me, you are selling just for the sake of selling.
If I have this one.... I would probably just sit on it. 

You will always need other bullish people.

Stocks are basically not kia cars. They no kaki kia.

Some check points.

1. Is valuation out of whack?
2. Any deep fundamental concerns/risks?
3. Stock technical sell indicators? ( I might be relax on this if the uptrend is rather solid )

Etc etc....

Always better to work on your own niche. Just don't sell for the sake of selling as this usually ends up with deep regrets of seeing stock multiplying after you sell. Good stocks don't come easily, so if we catch one and the future prospects remain  rosy, don't be afraid to hold on to it a bit longer. (Remember.. there is no rule that says the next stock you jump into will be as good.)

My 3 Sen la.... who knows your one might be better than mine one.

But overall you roughly know my style.
Trade fewer stocks, fewer frequencies.

Switching tends to lead to careless mistakes. That's my observations. Maybe it's me.
The reason is one tends to find the urge to switch.
It's just pure impulse.
The stock they have sits on nice profit.
The urge to switch causes the trader to sell just in order to facilitate the trade switch..
The stock they switch to, ends 'early'... stock endures few months of uo and down, not going anywhere....
and the stock they switched from, shoots up another 50%.... sometimes even more.

Seen far too often.
It's also one my mistakes during my early paper trading years.....

I know, sometimes, holding on to the stock can be frustrating....
I once, endured a stock that was up close to 50%...
but somehow the stock...that blardee stock .... went into a much deeper correction that I had anticipated.... maybe I err-ed my technical assessment of the stock... and boy oh boy.... before you know it... I carried close to a 5% loss for the stock....

Yeah.... shit happens....
However, luckily for me, my assessment of its future prospect was spot on.... and rest was history.... made close to a 2 bagger.
Luck I guess....
Now this new one....
this 'new gem'.... of yours....

your concern is the sustainability of its profits growth.
Basically it's a turnaround stock.
Profits are finally returning back to its glory years... 3 solid years of turning around... (you highlighted the strong uptrend in the stock)
So perhaps you might consider the risk of sustainability....
Can the earnings continue to grow?

In short... are you maybe a bit too late to play this one game?

Thanks for sharing anyway.....  :thumbsup:

Ah.... 'listening to a blogger'....

You should develop your own strength. Listening to others could mess you up (me included    )

Anyway... it's past already. You took half profit already. What I would suggest is mark this one trade down into your 555 book for future reference. Keep track of your success and those not so successful. See where you can improve yourself. 
hehe.... for stock whose earnings are growing (or turning around) , it's better to know what stage of the growth you are in. Growth do not last forever and usually after a robust growth period, growth tends to slows...... this is my general believe.
ps: anyway, your reasoning process is well thought out. well done and good luck to your new trade. 

Normal la.

twhong_91

See? 395 also got.

The important thing is that 'taking half profit' isn't really a solid strategy.
IF the reason to enter the trade was SOLID enough, selling half is simply throwing away something good.
The better option is just to sit tight.

I know such strategy is rather difficult to implement cos of the many temptations to either...

1. switch to other stock
2, trying to catch every single up and downs of the stock. ie sell at a 'high' and trying to catch it back when it falls to a 'low'.... ie the IN and OUT trader.

How do you resist real life temptations?

Long term bullish for me.

It's ok la. I'm fine with it. Sometimes there's no need to post just for the sake of pasting, yes?

Nah, it looks macam yes but I think it's a no.
You need to connect the lows much better.

Interesting observation on the volume days....
but such stuff is tricky....
cos basically you are attempting to read what the hidden hand is trying to do....
sometimes we could catch it... but many times ... we could left looking like a fool...

For this one, things are looking good...
watch the 1.00 mark...
see if the stock punches thru with strong momentum....
GL

Overall, like I said things are looking good.

The sharp run in May would appear to be fully digested by now. Momentum has been picking up pace and you can clearly see the higher lows since then....
all in which is a good indicator that the stock should move up higher....

The thing about it and the reading of the volume pattern is that these chicken farm owners... they like they got their own kung fu gang... sometimes scary ... which is why I caution about trying too hard to decipher the pattern and the risk involved...

somehow... all these while... I never traded a chicken fella before...

Higher lows when the stock is consolidating is a good indicator.

kung fu gang... lol.... yeah it's confusing.

Chicken/poultry stocks is known to be goreng stocks.....

next quarter poultry stocks especially egg producer will suffer. my wife was boasting how cheap eggs were since last month

No, I am not. I am just analysing from the technical analysis perspective.

CCK today breached rm1 and dropped back to close unchanged at .975

candlestick wise this shows a sign of weakness right?

power tak kuat enough

It's just one of them 'smelly' trades....

If I were holding since 20sen+ ... I would have exited yesterday.

Good exit !!!!!

I would say you trade it pretty well. The sell off started yesterday at exactly 4pm. Selling was just so fast and there was nothing one could have done. After hitting limit down , it rebounded till about 35 or so. Around 34 ... that would be correct.

This is just unfortunate that it collapsed just like that. If i was in the trade, my selling point too would have been around 34.

This collapse dragging down a lot of penny stocks. LOL!

Some really silly panic selling....as usual.

Trader with cash on hand... lol .... that's always risky... very risky.....
See this one article I posted spammed b4.... lol

see post #934
but seriously.... if nothing to buy.... let it be... stay with cash on hand first..... no crime one.... lol

Why wasn't it difficult to have guessed it?
GL la... like I said the first time... things are looking good.