Oh yeah, that absolutely bullocks green light signal.

I dunno leh....

Anyway, good luck to you and Daniel on this trade

Well done!

... but too early on the selling part...

LOL. It's ok lah. Just teasing only. It's just that we have different trading philosophies...

For me, if using booking profits method, for this stock and in this scenario, I would have booked it around 24 sen. Half there and let the rest ride depending on how the wind blows.

24? That's assuming my in price was 16. And 16+8 would be 24.

Well, 24 would have been my initial dump half (or some might use dump 30% - but it really doesn't matter, most importantly it has to suit the risk appetite) if I would apply the booking profits way.

Else I would use the see how the wind blow method (in this case, I probably not use it since Armada fundamentals is week, plus I am not in favor/fan of the major shareholder) ie hold and see how the stock reacts during the t+3. Yes, I probably would risk a huge chunk of profits and my cut profit is set initially at 20 sen but it probably be adjusted higher depending on say maybe the hourly time charts...

Yeah.. just sharing some thoughts only.

Oops.. and yeah. 0.3+ is probably possible....

*that's my initial thinking too but such opinions should never be cast in stone... *

I do not follow Cold Eye at all. So i am not sure what's been said.

Generally, I am not in favor of this sector, mainly due to US shale oil factor. In regards to Sapuranrg, this stock is really a huge avoid for me (as per my own trading philosophy, dislike the greed of the boss, why should he be paid so much freeking money?) and with the recent rights issue, the stock size (ie number of shares) has ballooned insanely big.

Yeah, prediction is risky but at some of point, we need to have our own personal back of the envelope price target for the stock we are going to trade. For me, it's against my principal to trade a stock which has a 20% upside, no matter how much certain that it will hit that 20%...

And your last question.. I do not let the stock chart nor its patterns seduce me into a trade. There needs exist certain catalysts and also the risk issue is very important. Yeah, my trading philosophy is much different and I am very selective with my trades. For example, clearly Armada was worth a bet when it broke out with strong volume the other day. It was there for the taking but I did not trade it.

Anyway, for what it's worth, here's one that got some promotion in the media recently...




** The before Oct 2018 chart doesn't hold much for me. This stock used to be CWorks. There is new players in and new business. So previous high all doesn't mean much for me **

** for all it's worth.. here's the bigger chart... **




Opinions...

the current story (searchable via google, does tell some fancy dizzy numbers ) plus report from CIMB (ahem. macam macam hor) and then got some private placement planned and then there is some profit guarantee.... all helped (in my opinion la) pushed the stock to breakout from its trading range...

which is interesting... since one is looking at a relatively clean company now, some little bit of cash with almost no debts ....

well, how would you view this?

No problem. Image was loaded on flikr.

Yup. Risk is certainly there as in all other stocks. Anyway as mentioned before the left side of the stock chart wouldn't hold much for me as I would consider this as a new stock. (so previous high, not accurate) The stock has its sexy story with it being in the fintech sector. So what would be interesting is its next quarterly report. As Tom famously said 'Show Me The Money!'..

This post has been edited by Boon3: Jan 22 2019, 05:46 PM

Tq. For exchanging views. It was interesting and fun.

Yup, market kinda weak, so perhaps it's much wiser to adopt the wait and see approach.

Anyway, there's always another stock......

15.9 Billion shares.
This now big the shares is after the rights issue. An insanely monstrous share. Perhaps good for day trader scalpers.

Oh just for your info my dislike for Sapura or SapuraKen goes way, way back when it was crashing and fell to rm 3.20. Yup 3.20. And because I am very selective and my trading frequency is extremely low, I just have so many stocks that I will not trade no matter what. Armada is one also...

Yeah... my weakness ....

This post has been edited by Boon3: Jan 23 2019, 06:29 PM

When the size of the stock undergoes such drastic changes, I tend not to trust the left side of the chart. But that's just me.

Yes, many people do not bother with how many stocks are circulating but why should we follow?

A small size stock can be moved much easier than a large size stock. That's just reality. Have you ever heard about the stock called Repco and how it was fried to above 120 many many years ago? Well one advantage it had was that it had 16 million shares only. Years later Bursa made it a must for the min to be 40 million shares.

Well I would be interested to see how anyone can goreng a 15.9 billion shares stock up 2-3x in a short period of time.

This post has been edited by Boon3: Jan 23 2019, 07:17 PM

perhaps this might be useful if.....

I do have a good example. There is this company called Globaltech. Smallish ultra penny stock. Now through various stock splits etc, the company shares base grew larger and larger. Now I am guessing that the boss reckons the smaller their share, the market punters would want to punt their stock. But they have one NOT SO SMALL problem. Their share base ballooned to 5 Billion shares!! How to really goreng the stock?

Now recently, they must have gotten wiser. They did a reversal and did a 20 into 1 share consolidation. So from 5.3 billion share base, the stock is now 269 million shares!

Well, yes of course perhaps it's possible if an agreement could be made to pool their resources.....

* ps personally i don't like such revenge/recoup losses thinking... hehe... (could give u example if u want.. )


Side issue...

Rights issue hor is not as straightforward. Many years ago, iCap, the sendiri angkat Warren Buffeee, lost more than 12 million in Axiata. Yes, that much. They held a substantial stake in Axiata but was left dumbfounded when Axiata announced a rights issue. Unable to pool in fresh money to subscribe to the rights issue, iCapital then sold down its stake in Axiata and lost millions. Had iCapital not made this decision and subscribe to the rights, iCapital would be really CHAMPION.

So I tell myself this. I must never ever over trade and be prepared to have sufficient fund in case something like this happen.

And more recent case, JAKS, where one lost millions cause no money to subscribe to the rights. Can't help thinking that this perhaps was an excellent move to have the rights issue to force out that one ....... just my dirty thoughts la....

Yeah I rather not influence anyone on their buy/sell decisions. A wrong influence could cause losses for others. Anyway I posted that time frame chart as a tool to assist my trading decisions...

anyway... this was yesterday closing time frame chart vs the daily chart.....

Daily...



Yesterday Hourly



versus 23th closing hourly ...



would it have helped?





This post has been edited by Boon3: Jan 25 2019, 09:10 AM

where the volume shrinks and what the stock does at that time is also worth noting....