Update....



   

UWC is a hard stock to trade!

Volume too low. Gains not sexy enough and possibility of big gap on downtrend is there.

For now spending my time find palm oil "tech" for trades 

Also new iphone launching, seemed good for its supply chain.

ok. boon3 is master here. ohmai

that's the thing about stock market.... what some are good at, u might find it hard....

Here is another 1 , Same same yet different 

Ah Boon... your blacklisted company.. got catalyst for the stock to move up..

Ah Boon... your blacklisted company..

You see UWC weak holders in action. The swings are crazy.

   

this is your definition of weak holders?

Look at the morning chart again...

won't some smart traders take profit given how fast it shot up after its consolidation?

anyway, no stock run up forever and ever. It's normal to have selling days like this after a short and fast run up.

To me profit taking is normal, but the way this stock move, it seemed more like a penny stock rather than one with an established investor base.

But pro and cons i guess. Easy up, easy down.

... and by the way, did you do a shareholder analysis?

1. What is the free float?

2. Share base of UWC?

3. Rough percentage of shares traded daily (on average)
UWC investor base is weak? 

Founder / Owner is having more than 70%+ in total. There are a few associates inside as well.

The free float is low, last round when trying to clear my position, the sell gap is up to 0.2X, and that was during when the price was 3.X range, or maybe that was a period of panic. idk.

Overall the one active inside there are nibbling at the stock. If you got enough capital / shares, you could really do some damage there.

I trade this one since IPO, and i still feel they are weak, i could really see big capital getting wipe off if i'm not careful on entry.

Nope. Don't agree. Entry points are so important. I have said it b4, buying right solves most problems. Stock entry is so ever important and needless to say if you buy any stock wrongly, chances of losing increases significantly.

Like I said... I don't see what you are seeing or feeling. Maybe it's me. So never mind lah.

Well or maybe just bad experience for me. The few rounds i'm selling it, i can always see people bidding it down very fast. Seemed to me those that are trading it are pretty panicky.

But i'm not fair la, as i din't complain when it goes up very fast as well 

Here is the chart that I pulled out this morning.
Okay say we miss the first run up from March. Comfort was around 60 sen plus.

Come early June...  the stock hit 4.20....

Forget about all the fundamental and justifications that the glove stocks should run very high ... yup the justifications for the bull run.... most important thing is thet we need to realise that nothing can run up forever. Stocks needs to CONSOLIDATE. Take a breather. It's a must. A golden rule.

So the stock did consolidate ( that consolidation wasn't too hard to spot. It was posted here (not on Comfort)  ... and when the consolidation ends, the stock will continue its uptrend. This is indicated by the red arrow.

And so the stock shot up. Fast and furious yet again. When stock runs up fast in terms of percentage and in a short time frame, we need to lookout for what they call climax top. And once more, all the signs were there. Exactly to the teachings which can be found in the net. (search for the key phrases I am using)... Learning to spot this is certainly more important than trying to decipher Ah Yu footprints....

Look at the 2nd blue arrow. That sell signal was there....  Comfort could had been easily sold for a handsome profit at ~ 6.50. Easily. All it needed was one to stay focus and not listen to noises.

And fall it did.....

When the stock is falling... and IF one had already taken profit.... one should just let it fall. This is what I would have done. I am NOT good at catching such rebound and the sharp bounce back on 911 would not see me participate.... that's a dead cat bounce and although it can be extremely profitable (provided one is good enough to buy and sell at the precise points) I tend to shy away from such trading.

Hey... I tell myself this... if I am not good enough, I am not good enough. No need try to be a hero trying to win a game one is not good at. There's no loss and certainly no shame if one refuse to partake in a given stock rally. (something I always remind myself off)

So during the consolidation period... which is what we are seeing now.... what's good signals to look out for?

Higher lows.... that's what I look out for... and of course the build up in volume..... and breakouts/or breakdowns (aha.... the risk is the stock could breakout the other way down... ) .....

which is slightly tricky at this moment...
yes, we are seeing the higher lows... but the volume.... it's not that encouraging at this moment.....

this is how I would look at Comfort now.

See? Nothing about Ah Yu,,,

Really got to say I certainly do not agree with your opinion. UWC now down ... err .... close to 3%?

First down day after 3 strong up days, which saw UWC moved up from 5.63 on 30 Sep.....

This is normal profit taking dude....
anyway... that's my opinion... and if you insist UWC investor base is weak... so be it. Your right of opinion. 

... and by the way, did you do a shareholder analysis?

1. What is the free float?

2. Share base of UWC?

3. Rough percentage of shares traded daily (on average)
UWC investor base is weak? 

Founder / Owner is having more than 70%+ in total. There are a few associates inside as well.

The free float is low, last round when trying to clear my position, the sell gap is up to 0.2X, and that was during when the price was 3.X range, or maybe that was a period of panic. idk.

Overall the one active inside there are nibbling at the stock. If you got enough capital / shares, you could really do some damage there.

I trade this one since IPO, and i still feel they are weak, i could really see big capital getting wipe off if i'm not careful on entry.