Wednesday, November 30, 2016

Going into penny-world

DRBHcom : reported losses ... again.

Evergreen : Strong USD vs MYR no longer helping to support the price?

Gadang : after ex ... now back to penny-world. The reason for split/bonus issue is to make it 'looks' cheap ... as that would attract retailers who like to buy cheaper stocks and to increase liquidity.

Mycron : Diving 15% at the moment ... after selldown of Melewar ... Masteel. Steel is melting.

TekSeng : No more solar-power to shine? Dropping further to hit 65cents low this morning.

There are few more trading around RM1 ... waiting to dive into penny-world (again). I do wonder if FGV would be a penny-stock  ... one day. AnnJoo and gang will be penny again ... while many O&G becoming penny already ...

Here is Dayang ... the penny.

Do you think Naim will be penny soon? Trading at RM1.30- 1.40 level.

I do remember I have welcomed Parkson into penny-world when it broken the critical RM1 level.

Many more ... most won't recover but moving lower. Eatech and Mudajaya continue to dive ... way below RM1.

Take care of the down side.


CUT LOSS ... yet?

CUT LOSS is the most important and essential part of trading. It is all about planning and executing our plans.

So ... stop-losses being placed BEFORE we take a trade ... and once it HIT below our stop-loss level, we have to CUT LOSS ... admit mistakes ... move on to find next good trade.

This is being mentioned and said many of times ... in my e-meeting to my members for the whole year long ... and also I have conducted few CUT LOSS session with those attend.

Imagine that you bought MMSV (for whatever reasons) last week ... now you will be down by more than 10% ... it gapped down yesterday morning ... and closed at support 54cents. HOW do you going to deal with your trade? CUT LOSS?? ... or wait to buy more (average down). As there is no right-wrong, but we still need to deal with it.

It was a mistake to buy last week but we could not tell about the gap-down, right? So ... how do we deal with it? How?

If we are going to ask around in chatrooms or forums, that shows we could not make decisions by ourselves and didnt plan the 'unfortunate' situations. PLAN and EXECUTE is easier said than done. Most of them ... just talk about it.

TekSeng : Below 70cents now

DRBHcom : Below RM1 now

Many more tumbling down ... you can see how they dump stocks ... and trap many retailers up there. Without discipline, 2016 onwards would be painful year ... expect more of that in 2017. Yes, I have used 2014 onwards as training ground ... cut-loss short ... and short-term trading is very difficult.

See you in 2017 ... where as I said, majority of them will be STUCK up there with their HWGB and such ... SUMATEC, IFCA ... or even darling Armada ... when market crashing down, many of these may not be seen anymore.

Good luck ... really, we need that.


More selldown

AAX : closed with another black candle ... clearning off those retailers who are into penny-stocks.

Masteel ... well ... Melewar dumped, Mycron coming down. I shall wait further selldown in steel to have a good write up about how these being pushed up.

TekSeng : Dived to 72cents level now ... see it would dive to next level of 62cents.

Tuesday, November 29, 2016

Stock Alert : Coastal

Coastal break support RM1.40 ... a long black candle. Alert.


Monday, November 28, 2016

Long-black candles

Armada : At 51cents, new low again ... how low can it goes? Note the huge volume of selling ... and it is CUT LOSS for whoever selling Armada. If not mistaken, right-issues was at RM1.27 level. How do they explain to investors? Do you know that Armada used to be INDEX LINKED? Someone told me it is AK's counter ... so, it is kinda 'safe' to buy-hold.

DRBHcom : Dived another 8% today to form a long-black ... closed at RM1.01 ... shall check at 92cents tmr?

Eatech : Long time didnt check on her ... today, another long-black candle ...

FGV : Gapped down ... and closed with long-black ... and will check her at RM1.30 for tmr.

Gadang : Gapped down this morning ... closed with a black candle. See lower ...

KNM : At new low ... another selldown with long black-candle. Shall we check at 30cents now?

TekSeng : close at 78.5cents ... the selling continues. We do not see bottom yet, so no reasons to buy into her ... and can I ask, WHY must buy TekSeng? Cheap? A case of cheap becoming cheaper ... as after all, it came up from a mere 20cents!! Crazy la ... 20cents to RM1.40 ... how can it be cheap? Now ... let us check at 60cents next as strong support around there.

Uzma : Long time no check her too as she is in O&G ... was traded at RM4 at peak ... now going back to RM1.30 level.

Note : I do know many stuck up there ... listening to many out there, simply bought and stuck with huge paper-loss ... it is a very human not to cut-loss as we hope these stocks will rebound ... recover ... but it went lower ... and we wonder what to do. Can't help much ... except continue to have book-sharing and e-meeting to share what traders should do. UNFORTUNATELY ... most will not bother to learn ... and continue to be 'lost' and ... yes, no eye see mentality seeping in ... and ego and arrogance would stop them to admit mistakes.

I feel so sorry writing about these waterfalls ... as I do understand the PAIN of seeing our stocks tanking lower ... and regretted we didnt sell earlier. I have learnt my bitter lessons over the years of being in market ... but I m sure many of those retailers who 'escape' the selldown ... WILL get stuck once the stock-market start to collapse ... and crashed.

How can I help? Nothing much ... except continue to write about these waterfalls ... hoping many will WAKE UP one day ... of coz, I know many won't.

Good luck ... see me in Penang if you wish to discuss.


Stock Alert : Masteel

Masteel down 12% at the moment to be at 72cents ... can buy around here for day-trader. Rebound sell. No rebound sell.

The downtrend shall continue ... and will check again once it is at 50cents level.


Stock Alert : Gadang

Gadang support at 92cents now ... diving further.

Trade at your own risk.


Stock Alert : TunePro

Tunepro gapped down this moring, breaking the strong support at RM1.55 level ... and trading at RM1.52 now.

Next support is around  RM1.46. Be aware that there will be more downside. Do not catch yet.


Sunday, November 27, 2016

Book Sharing : Information Overload

Book Sharing : Five common mistakes investors make

Time : 10pm to 11pm tonight (Sunday)

link :


FGV : A long-black seen ... dropped about 18% in a week. Next checking is RM1.30 level this week. Do not catch a knife.

FGV : From RM4.30 peak ... are we going to see RM1 soon?

HWGB : This is terrible ... nothing to do with Genting but many punters inside. I do remember Sept 2011, it was gorenged around 40cents level and I have argued with SP ... one of my first tratles (of cohort 1) ... as I strongly advised him not to take such trades ... if one does not know how to cut-loss, it is game over ... a slow death now.

MudaJaya : This is not muda ... and not so jaya, either. The stock dropped from RM2.90 level to current 82cents. Actually, I traded MudaJaya around RM4 plus before ... so, need to check its 10-yr chart to see the high ... low is going lower as support broken now.

Here ... zoom in the MudaJaya chart ... showing the black candle.

Perisai : A total loss ... from RM1.70 and now goreng-ed once in a while before it disappear from our KLSE.

SMRT : Back to back and earth .. below 20cents now. The story of it listing in main-board .. pushed it up from 20cents to above 90cents ... and once such stories no longer valid, it is back to reality.

XOX ... do I need to say more?

As many in low ... and going lower, it is only LOGICAL to place a CUT LOSS level for all our trades. Yes? No?

Low going lower (part I)

WHY CUT LOSS is very important?

Asiabrn : New low at 90cents ... from peak RM4.

Armada : Many O&G counters are at low ... which could go lower...

BJCorp : This chart showing how BJCorp drifting lower from 60cent to current new low, below 40cents ... and still drifting lower. Well it came down from Rm1 plus, for your info. Cheap becoming cheaper now ...?

Daya : Dah tak ber-daya ... went into O&G and rallied. I do remember I took her at 20cents till 30cents and stopped there ... it went up to 40cents plus, actually. Trading at historical low 6cents ... cheap?

Genetec : consolidation 10 : 1 ... dont know how this hot-stock being trashed. I didnt follow the stories and speculative news ... but the chart showing new low now.

IFCA : The most popular stock back then ... widely speculated pushed from 10cents to RM1.80 and you could not tell newbies that it is goreng-ed as they will still take the trade, yet do not know how to cut-loss ... closed at 29cents now ... no more selling software to giant-property companies? Blame it on the bad property-markets ... and it is too late to cut-loss?

KNM : each time I write about new-low ... or speculative counters, I need to mention the once very popular babe ... KNM. I remembered I adviced two persons in i3(years back) about her as they where holding to her and checking oil-prices in daily basis. Well, one of them sold her off for losses ... e-mail me and thanked me for the lesson. Another one, with nick 'yongsheng1' ... i dont know. Yes, I was in i3 some 4-5years ... trying to help some readers and comments there. I left after drawn myself to argue with LamKen regarding JCY (he was persuding many to buy into under-valued JCY as it is going to go up to RM4?). Anyway, if one goes to i3-KNM thread ... you will see many still will talk about KNM ... now at 36cents ...perhaps by 20cents level, they will start to believe that KNM has nothing much to do with oil-prices but more about biz and speculation of its stock.

MPHBCap : Broken strong support last week (of RM1.30) ... used to be multi-purpose ... but now after sold off many assets and listed-out Magnum, investors dont know the purposes? The selldown continues ... and cheap would be cheaper now. No CUT LOSS? Then ... have to wait for whole market-crash to buy more of it at the 'bottom'. I dont know the purpose of averaging down, either.

Parkson : Another widely mentioned counter (related to Lion-group). I m not sure if TTB still holding to Parkson, which obviously not in favoured by most investors. Not only the China's Parkson not doing well ... the growing of e-commerce killing of their competitiveness ... given up on here after broken RM1. With cash in hands, there has been aggressive share buybacks but that is not helping, much.

Time to go ... which I could post another 20 counters which in my mind ... will continue then


Penang Trip

Morning ... it is a cold rainy Sunday morning ... Liverpool not playing so well but luckily managed to beat lower team, Sunderland 2-0. They are still in chasing pack in top-4 but Coutinho injured. Chelsea is playing very consistent and top the table.

Penang Trip : I will want to inform those in Penang and wish to meet ... it will be my pleasure to meet traders and investors. I will have a short-talk (less than an hour?) on current markets ... volatilities and preparation for market-crash or correction.

Yeah ... sharing of opinions and experiences would be appreciated. So ... do contact me if you wish to attend my short-talk (it is not free, you need to treat me a coffee for that. haha ... just kidding).

The title of the book is clear ... we need to be defensive in un-certain environment now. Do not be too aggressive to chase up stocks as we might get caught in a selldown and we are forced to CUT LOSS. Need to bold the CUT LOSS word as it is missing in many retailers ... and stuck in many stocks.

Let me show an example ... AAX shot up high on 17th Aug recently ... and after a week, it gappped down, From 40cents to 49cents level ... only to see it gapped down from 46cents to 39cents level.

I do notice these days ... many stocks showing gap-down ... exiting of funds, operators and retailers. During crash, expect these as a norm. There is no crash in 2016 ... and since when I said 2016 crash? Someone been quoting that ... but I did not. You may attend my e-meeting or ask any or my members. I m preparing for crash and have stated that 2016 is no crash ... seeing the volatilities just means we are nearing to that 'crashing' point ... nearing in Math is called approaching or limiting to ... it may take years ... for who am I to call a 'crash'?

Just remember not to be caught inside ... holding to many 'losers' or downtrending stocks such as Armada ... and many more.

so ... do not chase up the stocks if we do not know how to cut-loss and let her go for losses. That is important lesson ... because once the STOCK crashed, it will be very difficult to recover.

Will want to write anothe post showing crashes ... of stocks (not the market, yet).


Saturday, November 26, 2016

Some moves

Good morning ... I have a book-sharing session last night, attended by only 10-15 of them. Thanks for coming, anyway.

Let us  talk a little about some big moves so far ...

DOW : Closed at new high last night ... 19152.14, crushing all the 'bear' and 'shorts'. So ... move to US markets for the BULL rally.

USD : Index about 100 level(at 101.48 now) ... up against most currencies, especially our MYR.

MYR : At lowest level vs USD as we are seeing 1USD = MYR4.50, a level which I have asked all to watch and time to reduce your exposures in KLSE. Once it breakout MYR4.50, we could see more outflow of funds from our KLSE ... and yes, our local funds would have to support our pathetic market. MYR also lowest vs SGD.

Gold : Tanked below USD1200 and into new low again ...

Soybean oil : Recovered from USD26 to USD36 level now ...

CPO : Breached  3000 level now. Do check on plantation counters.

These are few data to digest ... so, naturally ... we would move our funds out of KLSE(at least 50% of them) and to move to US-markets(I will trade that we my members next year), change our MYR into SGD or USD.

What is the next theme for 2017? Possibly ... plantation? Gloves? Furniture-stocks?

We shall see ... and I wanted to show some new-low in many stocks ... that is why CUT LOSS is very important in trading/investment, admiting mistakes and DO NOT get stuck inside.


Friday, November 25, 2016

Book-sharing : This time is never different

This time is never different

Fri, Nov 25, 2016 9:45 PM - 11:15 PM PST

Please join my meeting from your computer, tablet or smartphone.


Chapter 8 of this book : 52-week low formula


52-week low : Armada

Armada is at historical low price, not only 52-week low ... around 55cents now. Cheap is going cheaper ... making losses again, so do not catch and if possible, avoid all O&G counters.


Penny stock gorenged

Good morning ... came out early morning to change my workspace ... to be at Starbuck to smell coffee ...

Yes, the front page of today's FD.

Here is one of the stock ... being goreng-ed in SGX.

These days ... I saw many diving deeply once the QR not good or below expectations. Crazy ...

Presbhd .... Opensys ... two stocks I was watching ... and caught inside Opensys  (bought for breakout but failed and cut-loss before the dive). Still watching Presbhd but not taking position yet.

Presbhd weekly chart ... considering around RM1.95 there? Now at RM2.12 level.

Will want to go lepak now ... have nice weekend.