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danielcmugen	Aug 10 2017, 09:12 AM Return to original view \| IPv6 \| Post #1
Look at all my stars!! Senior Member 5,537 posts Joined: Apr 2011	QUOTE(twhong_91 @ Aug 10 2017, 08:37 AM) take profit at 1.07 waiting to enter when it drops again. expecting a good quarter this month. lets see 1.07 is a breakout from previous high/resistance, isnt that a good sign?
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danielcmugen	Aug 10 2017, 10:43 AM Return to original view \| IPv6 \| Post #2
Look at all my stars!! Senior Member 5,537 posts Joined: Apr 2011	QUOTE(twhong_91 @ Aug 10 2017, 10:27 AM) Indeed. Higher high or highest, previously is 1.05 After what happened to frontkn. Lol. I just thought taking profit is important as well. As least i gain but not seeing the paper gains ma. Waiting to collect back now. Haha Im not so pro to play in and out lo boon kor. Just earn few kfc buckets ma. Oops. U were right. It dropped to 1.02 now. I got trapped at frontkn too. That was a real shock.
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danielcmugen	Aug 10 2017, 04:11 PM Return to original view \| IPv6 \| Post #3
Look at all my stars!! Senior Member 5,537 posts Joined: Apr 2011	QUOTE(twhong_91 @ Aug 10 2017, 03:03 PM) Just my gut feelings as i saw the movements always drop a few days after it rises. Im human too. Haha... but i just this time around should be well supported at RM1? U got trapped in frontkn? Guess ur price is higher? Your capital high ma boon. I m just a ikan bilis trader, haha. But not bad la. At least a 1x%. Quite a big drop. RM0.995 now. Yeah frontkn i bought at 0.375, sold as soon as i knew about the crash. Made some losses but not too much. But man, I had high hopes for that stock. Steadily going up and supported by good news, analyst TP etc...
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danielcmugen	Aug 10 2017, 11:00 PM Return to original view \| IPv6 \| Post #4
Look at all my stars!! Senior Member 5,537 posts Joined: Apr 2011	So CCK rebounded from 0.995, long tail at the bottom. Supposed to be a good sign. But market seems weak these days, break out or long tail also don't seem to last. I plan to wait. This post has been edited by danielcmugen: Aug 10 2017, 11:02 PM
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danielcmugen	Aug 16 2017, 11:44 PM Return to original view \| IPv6 \| Post #5
Look at all my stars!! Senior Member 5,537 posts Joined: Apr 2011	The more I hesitate, the higher it is going. Dow jones looking good at the moment too. If tmr above RM1.10 still can go in ah? Or is this just the start of an uptrend? Looking at CCK's profit and revenue for the past 10 years, looks to be a solid company. Slow and steady growth with consistent returns. twhong_91 Any plans on reentering?
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danielcmugen	Aug 17 2017, 09:30 AM Return to original view \| IPv6 \| Post #6
Look at all my stars!! Senior Member 5,537 posts Joined: Apr 2011	I tried to queue at 1.09, didnt manage to get. Now 1.13! So hard to chase this chicken This post has been edited by danielcmugen: Aug 17 2017, 09:31 AM
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danielcmugen	Aug 27 2017, 12:19 PM Return to original view \| IPv6 \| Post #7
Look at all my stars!! Senior Member 5,537 posts Joined: Apr 2011	Something brewing at TA enterprise? Just announced a net profit jump with one of their highest revenue ever recorded. But why this counter tak laku? Currently at p/e 3 only. I've been hearing people saying how undervalued this company is since years ago, but the price never quite went above RM1. They have made consistent profits over the years except for 2015,2016 (due to securities investment losses and foreign exchange), so still looking quite solid to me. *stats graph from their annual report
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danielcmugen	Aug 29 2017, 07:38 PM Return to original view \| IPv6 \| Post #8
Look at all my stars!! Senior Member 5,537 posts Joined: Apr 2011	QUOTE(hehe86 @ Aug 29 2017, 03:01 PM) Hey guys, wanna get some opinion in one of my loss trade. [attachmentid=9085328] Stock was Mitra. Entered at black arrow because it broke consolidation with considerable volume on blue circle (it then retraced, didn't move lower, and move back up and that's where my entry was). Red line was my cut loss price. Yellow highlighted area then was a 5 cents divvy ex. So i also chose to move my stop loss 5 cents lower. Then Mitra announced it's not so good quarter report yesterday after market, and today it gapped down way past my SL price. Would like to get some insight on where could i improve on this trade. And for cases where a stock gap down way past my SL (normally due to qtr report announcement/news), usually the best course of action i could take is cut as fast as possible ya? Tough call. Gonna be a pain to cut at such a loss so I'd wait. Unless the future outlook of this company is really bad.
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danielcmugen	Aug 31 2017, 02:32 AM Return to original view \| IPv6 \| Post #9
Look at all my stars!! Senior Member 5,537 posts Joined: Apr 2011	CCK again. These support lines appear to be working well. Price dropped after publishing quite a good quarter report with what appears to be an all-time high revenue. I bought at 1.12, don't think i'd want to cut loss if it breaks the support as it'd be quite a big loss. If it stays, I'll consider to top up instead. Combination of "right above support line" and good quarter report. Eh wait, isn't that a cup and handle formation??? This post has been edited by danielcmugen: Aug 31 2017, 02:38 AM
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danielcmugen	Aug 31 2017, 02:50 PM Return to original view \| IPv6 \| Post #10
Look at all my stars!! Senior Member 5,537 posts Joined: Apr 2011	QUOTE(Boon3 @ Aug 31 2017, 08:41 AM) » Click to show Spoiler - click again to hide... « Some comments. In playing chart patterns, traders runs the risk of the pattern failing/not happening....ie failed chart patterns. Many times, traders trade a failed chart pattern seeing only what they want to see. To protect one self, it's always better to buy correctly, this helps the trader avoid failed patterns. For CCK, a few reasons I would be weary... 1. Base issue. Preferred bases are 'U' and not 'V' shape. The Base represents the period where the stock consolidates and the preference is always to witness the volume drying out during this period. This meant that the weeding out of the weak shareholders is successful. In CCK cases... we saw the periodic high volume spikes during the Base period. This is a CONCERN. 2. Same with the forming of the handle. We want to see volume drying out. This has not been the case of CCK. The handle pullback is also rather sharp. Preference of course is mild pullback. And when during the forming of the right side of the chart, ie at the peak of the run up, I see declining volume. That again is not ideal. With these issues, I would be worried if I run the risk of trading into a failed chart pattern. 3. Buying in - ie where to buy. Biggest mistake I have always witness is that people like to BUY IN early. They think they see a pattern, they rush to buy in way before the pattern is fully developed. Buy early ma... cheaper ma... but when the pattern do not materialize , they get stuck.... One needs to be patient when trading chart pattern. What looks like, might not turn be in weeks to come. Hence, buying in is just as important. One needs to buy correctly as buying correctly helps eliminates a lot of future problems/headaches and heartaches. Here's IBD diagram of Cup and Handle... Note the location of the buying in range. --------------------------- Also... During bullish market conditions... MOST stocks will fly. Good stocks, bad stocks.... all also can.... Even not so perfect/ideal looking chart patterns... when market turns/consolidates/turns bearish.... ah.... this is where and when every thing becomes crucial... the good stocks with great future potentials.. they remain strong... some even go higher... but the poor stocks.... they tend to fail badly..... sorry for being too long wind. Thanks so much. No need to say sorry, I appreciate long replies when it's informative like this .
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danielcmugen	Sep 8 2017, 12:15 AM Return to original view \| IPv6 \| Post #11
Look at all my stars!! Senior Member 5,537 posts Joined: Apr 2011	Rebound? Quadruple bottom. Ini kalilah?? http://www.theedgemarkets.com/article/boni...gin-improvement Edit: Upon further reading, i see that double bottom is a better signal than triple bottom. So 4 bottoms is worse? Then I think i see a descending triangle, but it went opposite and shot up instead. This post has been edited by danielcmugen: Sep 8 2017, 01:39 AM
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danielcmugen	Sep 8 2017, 12:20 AM Return to original view \| IPv6 \| Post #12
Look at all my stars!! Senior Member 5,537 posts Joined: Apr 2011	QUOTE(Boon3 @ Sep 1 2017, 06:08 PM) CCK earnings did show signs of improvement though..... And I have to say that the recent pullback b4 the earnings report was released was terrible. Never felt comfortable trading such stocks... Do trade with much care. The pullback is after the report release btw. Now it's slowly dropping further. Broke whatever support line and 50 moving average. Will just watch it drop then.
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danielcmugen	Sep 18 2017, 04:23 PM Return to original view \| Post #13
Look at all my stars!! Senior Member 5,537 posts Joined: Apr 2011	QUOTE(djhenry91 @ Sep 18 2017, 12:12 PM) yerr..iris..mao testing people meh What's wrong?
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danielcmugen	Dec 22 2017, 08:36 AM Return to original view \| IPv6 \| Post #14
Look at all my stars!! Senior Member 5,537 posts Joined: Apr 2011	QUOTE(e_X @ Dec 22 2017, 02:21 AM) Penny stock anyone? DNEX FRONTKEN Just sold frontken but then it went up somemore ytd. Oops. DNEX seems hot lately. Im looking into hibiscs and serbadk too. Wow all are O&G related.
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danielcmugen	Jan 4 2018, 06:58 PM Return to original view \| IPv6 \| Post #15
Look at all my stars!! Senior Member 5,537 posts Joined: Apr 2011	QUOTE(e_X @ Jan 4 2018, 06:43 PM) How about this counter Boon3 Gonna sell it tomorrow [attachmentid=9482725] KLCI looking strong, crude oil looking strong (DNEX owns 30% of Ping Petroleum). It's also 1 of the top picks for 2018. Some say it's an election theme stock. Analyst TP 70 sen and above. So why sell? I think I'm holding on to it Unless u see the chart as hitting the resistant line? This post has been edited by danielcmugen: Jan 4 2018, 07:00 PM
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danielcmugen	Jan 5 2018, 01:21 PM Return to original view \| IPv6 \| Post #16
Look at all my stars!! Senior Member 5,537 posts Joined: Apr 2011	QUOTE(Suicidal Guy @ Jan 5 2018, 10:14 AM) Boss.. The strategy here will be to stay in the trade. Get out if the trend is broken. No profit target. Sometimes my strategy is that too. But if gap down very pain to sell.
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danielcmugen	Jan 9 2018, 01:21 PM Return to original view \| IPv6 \| Post #17
Look at all my stars!! Senior Member 5,537 posts Joined: Apr 2011	Morning market down a bit, but recovered slightly. HIBISCUS rm1.06 Public IB target price hit already. Now got new RM1.48 Alliance DBS target price. Who's next to follow hibiscs trail? UMWOG, DNEX, Serbadk, Armada....looking good to hit theirs?
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danielcmugen	Jan 15 2018, 01:39 AM Return to original view \| IPv6 \| Post #18
Look at all my stars!! Senior Member 5,537 posts Joined: Apr 2011	QUOTE(e_X @ Jan 13 2018, 11:34 PM) [attachmentid=9511619] Is the market will going bearish for a while? Such correction looks healthy to me
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danielcmugen	Jan 16 2018, 01:27 PM Return to original view \| IPv6 \| Post #19
Look at all my stars!! Senior Member 5,537 posts Joined: Apr 2011	Downtrend broken. Sunset industry (but in the midst of diversifying). That recent fire may allow them to diversify faster. But i dont think the stronger ringgit will benefit them, since they supply HDD compenents. But i didnt dig deeper.
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danielcmugen	Jan 17 2018, 08:22 AM Return to original view \| IPv6 \| Post #20
Look at all my stars!! Senior Member 5,537 posts Joined: Apr 2011	QUOTE(Boon3 @ Jan 16 2018, 04:04 PM) Daniel: One fire... then another fire? In such cases, how would one 'investor' trust such a company? Yes... we are talking about trading here... but as a trader, I feel one should understand that the strong hand in any stock is the investors... these are the group of folks who holds the stock ... day and night.... well... until... the TRUST is broken. In Notion's case... I feel the trust issue has severely dented the stock. The first fire... well... shit does happen... but the second one... ie... the timing of it... a period where things were looking extremely rosy for Notion Vtec, especially its potential in the auto industry. (yes, auto indusstry. It's in theit homepage ) A lot of folks were burnt... as I believed many chased the stock when it was above 1.00... even 1.20+.... so now here we are.... I am not sure about this stock atm.... risks are aplenty..... also... how safe is this current 'stronger ringgit' rally? well.... I for one... I have my doubts. Ohh dint know they had another fire back in 2013. Their insurance premium must be very high now.
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