I have been planning my strategies for the near future. Doing some paper trading.. testing..

Generally, I am avoiding beaten down stocks. Doesn't make much sense searching for value in big dark holes...

Look the strategy has got to fit you. You attack the market with your best game plan, one that's best suited as per your ability.

You cannot just follow others.

Let's look at your strategy. You got to ask what could go wrong and why this strategy will bring you the moolah.

Without a stock name is hard to discuss more as in most cases each stock is different.

You need to ask your remisser bro.

These are the rules of the game. You need to know it inside out before you engage...

Yours was a technical question which is best answered by your broker..

Sorry I do not believe in shorting.

I for one, could never get any satisfaction searching and playing bottoms. Never ever good at it.

Two simple examples on bottom searching...

Dialog



* early morning screnshot *

how would you want to play the bottom... especially when you take into consideration the bigger picture below

** Dialog having a bounce now as I make this posting ....



Yinson



... and again taking into consideration the bigger picture .....





it's simple...
you don't need to know all sort of trading to make money...
you don't need to be a day trader if you cannot be one...
it's not a crime...

a trader do not have to trade all the time...
when there is no trade, do not feel obligated to make one...

Dielog...

Up 22 atm...

Hmm... at 2.97..it still trades at pe of 36+..
Plus most recent quarter earning, profits slump 28.8%..
If that was a one off slump..then.. perhaps..
But if it is not a one off then... the downside risk potential is massive...

LOL. Do read my posts again... Anyway no I did not buy as I couldn't grasp a handle on my exit point.

But... it was on my notepad... But 2.81.

Review work..

Yinson..

The stock is still hanging on..



The TTM eps is about 21+ which means at current price of 4.17, its trading on an earnings multiples of 18+.

Not extremely excessive but here's where the trouble lies.
If one just looks at the trailing numbers without taking into consideration of the quarterly earnings trend, then once could be in for a nasty surprise if the poor earnings trend continue...

And Yinson current quarterly earnings trend is ugly.



So the question is WHAT if Yinson quarterly earnings continues so lousy then how?
Won't the current price be then a bit excessive?



Is it worth taking the risk applying the bottom fishing strategy and making a bet on this stock, right now at these current prices?

*Surprising fact is that Yinson did not tank after the release of its poor earnings in December!*

This post has been edited by Boon3: Jan 3 2019, 09:36 AM

Hmm.... now this IS a big winner....

It underwent a rights issue and then it surged all the way up!

How reliable is 'good dividends' ?

Let's use Astro as an example.

As most would know, Astro did pay a generous set of regular dividends but could one consider this as a 'reliable' safety net' in our trading/investment?

Let's run a test on dividends since 2018. Yes, assuming 2018 was the start of the trade (big, silly assumption of course!).

Here's the chart of Astro.



Not very good eh? Astro on 2nd Jan 2018, closed at 2.45. Those that held Astro since 2018 is left holding massive losses.

Now here's the dividend payout. Let's sibuk and see how much the dividends helped. (The bells on the chart indicates the dividend payouts)



So total dividends received since Jan 2018, would be 11 sen.

Astro closed at 1.33 yesterday.

How?

Despite the generous dividend payout, one holding on to Astro is deep buried in losses.

Would this be yet another example on why dividends is not a 100% safe. You can collect all the goodie dividends but the slide in the share price would negate all the rewards and in Astro case, the losses is massive!!

Just sharing as usual.
Don't get me wrong, dividends are good but it must be backed by strong earnings. As you can see also in Astro's example, as earnings slump, Astro has reduced its dividends too.

WhatsApp groups doesn't make you any better trader or investor.

If you insist. Hope you find whatever you are seeking.

GL

Oh!

Yeah, he wants tips and he wants it fastest!

hahahahaha..... cunningly devlish evil...


looking at penny stocks that are relatively clean, no debts.... and doesn't have declining profits...

Long veggie list.


Were you seriously expecting me to answer?


If you had one and only one shot, which one then?

Well, if you are trading based on momentum, why not? Worth a bet, yes?



However, I do not like this stock...
Haha... rather conflicting, ya....

Of course!!!

Whatever the sellers threw out, the absorption clearly was visible. Hence the bounce was just waiting to happen.....