1.70 can be a big hurdle to cross. There was double top formed during Dec 2003 & around April 2007.

But after May 2007 once the resistance (1.70) being broken, it went straight up to as high as 2.60 before forming a downwards trend until today.

One of the way to adopt some strategy is using profit locking mechanism. You set a profit lock at certain price let say 1.55 ot whatever you would like to have (for those already profit at this level). So as long as it doesn't fall below it, you hold, once it break, you sell. In between you see how it progress, so if it goes to higher let say 1.70, then bring up your profit lock level, (let say 1.60).

Then in this way, you won't be scare profit running away while still can enjoy the show. But it is not a foolproof strategy, it can go wrong. I tend to use this kind of strategy from time to time, otherwise, make a lot of paper profit but once share fell afterwards, paper profit evaporate, and earn nothing finally. This is more applicable to 'goreng' stock as movement of price can be volatile in between.

So, it is just for some illustration, don't mean it is a correct way to do.
Judge you own.

Yalo, abalone term come back already.

A month ago, people only talk about having KFC, now become Ah Yat Abalone, what a contrast.

guys,

what do u think about sapcres? will it goes up to 1.70 for tomorrow? .. i might be in again at 1.61 or 1.62 .. and let it go at 1.67 or so .. is it a good practice?

and kencana, do u still is it worth it to in at 1.98 tomorrow? .. give your opinion please ..

dont tembak me like "if everybody here knows, sure all of us become millionaire" .. .. i just ask your honest opinion on those 2 .. .. tq ..

Another red opening in Dow    Hope it will be not so bad during closing 

despite Dow closing red...regionally all r green now...it this an indicative that ppl r no more tat worried bout the subprime issues...n tat...they feel...it has not much (or minor) effects anymore???

link pls..

guys,

jaks still can go a tomorrow? .. i bought at 0.845 but today closed at 0.790 only .. 5000 units .. ..

me la .. according to current price, i lost almost rm400 .. now just wait another day tomorrow ... see what will happen ..

early in the morning, i earn rm400++ from KPS.. now it becomes neutral d .. .. so sad la ..