Update....



.... and the gap is closing real fast ......

Update on BDB.

Notes..

1. Bad paper trade.....so far.
2. Forced myself to enter just cos of the dividend.... this is never a good reason to trade.

Cups?

Update...



On the side notes...

as per last quarterly, Parkson is still LOSING money at operating levels (ie it's operating with operating losses. 45 mil !!)

Oh.. Parkson China?



Revenue? down slightly
Profits? Don't have. It's losing more money!


* Again this proves that sometimes what you see doesn't mean it is good.
Seeing Parkson open more stores in KL, doesn't mean it's doing good.
Seeing Parkson in China, doesn't mean it is making profit.

This?



Or that?

My 3 sen.

Currently based on the immediate chart, Poh Huat current downtrend indicates that the stock is consolidating its recent gains.
Consolidations are healthy in general... but ....
Sometimes, such consolidations could turn into a Chinese water torture hell if we are not too careful...
ie before one realise it ... the consolidation could turn into a massive correction....

trading stocks is mainly about managing your risks.
risk management is very important.

Now if you notice the two long black candles towards the mid/end March...
those two candles coincides with last time one saw any significant trading in the stock...
In such a case, I would be forced to consider the possibility that some stronger hand in the stock had let go of their position in the stock...
and as it is... the decreasing volumes simply indicates that the possibility the lack of serious buyers for the stock at current price levels....

* note .... the word 'possibility'....

As it is, I rather play safe...
buy higher a few bids....
and let the stock break out of this current consolidation first.....

thru past experiences...
I find that it's more rewarding to be more patience in such cases...
don't rush to buy...
let the stock start a new uptrend first.....



Then, I would also look at Poh Huat on a longer time frame (ie adjustted for bonus+dividends)



My interpretation.

The stock run till now is fairly impressive and if I compare it vs the usd/myr on the same time frame, I feel the stock is highly reflective of what the USD/MYR is doing..



As it is.... based on the longer charts....
I do not see much incentive to go into such a stock....
for I would be focusing on the risk of weakening USD.....
plus... I would be concern of Trump's policies? (Did you see the latest news on the 20% levy on Canadian lumber?)

If you look solely on the first chart...

since Dec 2016....

what would be your impression?

doesn't this look like a bull run?

how many points up since then?

.... then the second one.....

If solely for dividend strategy, the dividend history is important. Preferably, the dividend should be increasing.

BDB track record wasn't bad, yes?

Blue chips aren't that safe.
Check out YTL history.


Collecting before quarterly reports? You run the risk of a disappointing set of results. On the other hand if the result is a blowout.....you be laughing all the way to the bank.

Yup and as I said, this is where one's fundMental analysis is mighty useful. Get it right and you are set.....

Posted last time for you....



ref #post1980

after yesterday....

Huh??????

Who on earth is this Fong si ling fella?



My early posting on Krono was here: post #1879

My exact words...



Are they people simply buying the stock just because of this fella?

Reverse laaaa.....

Why do you think SIGN is worth a trade?

So?

hehe...heroworshipping/followsifu is never a lasting strategy hor....be your own leader/hunter is always much better.



Got tipsy?

Elephant kind...



Err....
Selling too early?...
It's rather common....

hahaha...... mentioned few times before leh. See the date of this: post #796

Chart patterns are universal.

Many years before them, there was this weekly article written by Dynaquest boss Neoh Soon Kean.
His weekly column would appear on the Sunday Mail.
He got such a huge following that whatever stock he column features, the stock would go up on Monday.

Then you have the reporter following the footsteps in the Chinese columns... yup... Mr.Fong

Write...stock goes up...



Then of course you have several bloggers like Dali and then KYY.

LOL! Life is good.

Anyway......... is it hard picking a stock like Krono?

From the history, we know this stock fared badly since listing. Soon after listing as posted here post #1879, Krono started having quarterly losses. 2 consecutive quarterly losses.

As stated in the posting, turnaround was seen. Since then a turnaround was positively seen.
3 quarterly set of profits.
One could have easily estimated that the current fiscal year profits should easily double the previous year profits.
And if one read the earning notes, one would have realise that Krono's profits came mainly from Singapore, which is a wonderful hedge against the weekening ringgit.

Of course the risk is obvious. It's still newly listed , so the reliability of the numbers and shareholding issue (the only main shareholder is the Indian owner).

Price then was around 27 sen at the time of the posting. Yes, it had already appreciated a fair bit already considering the stock could have easily be bought around 15 sen. But sometimes, this is what I call insurance. Buying on the first positive quarterly result runs the risk of a flash in the pan scenario.

Anyway.. there we were..... and what happened by end Feb was Krono confirming that its profits had more than doubled.

Stock then shot up!

see below...




Ok that was all cerita lama....

Old tok is cheap tok!

So before this breakout...
if one was paying attention....



That look like a simple flag pattern waiting for the good ole breakout....

In the meantime... the company was featured in the edge...

http://www.theedgemarkets.com/article/indi...80%94-kronologi
http://www.theedgemarkets.com/article/kron...sence-india-sea

This is what happens next...



So who is this Fong fella again?




ps: if you ask me... I rather be my own hunter.... anytime.

Oh... and needless to say.... with such run ups.... consolidation is needed.

so..............