My Trading Adventure
JCY : An interestingly manipulated stock
CP TEH
Publish date: Tue, 07 Feb 2012, 08:34 AM
CP TEH
0 2,918
All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.
Pump and Dump Schemes
"Pump and dump" schemes, also known as "hype and dump manipulation," involve the touting of a company's stock (typically microcap companies) through false and misleading statements to the marketplace. After pumping the stock, fraudsters make huge profits by selling their cheap stock into the market.
Pump and dump schemes often occur on the Internet where it is common to see messages posted that urge readers to buy a stock quickly or to sell before the price goes down, or a telemarketer will call using the same sort of pitch. Often the promoters will claim to have "inside" information about an impending development or to use an "infallible" combination of economic and stock market data to pick stocks. In reality, they may be company insiders or paid promoters who stand to gain by selling their shares after the stock price is "pumped" up by the buying frenzy they create. Once these fraudsters "dump" their shares and stop hyping the stock, the price typically falls, and investors lose their money.
http://www.sec.gov/answers/pumpdump.htm
JCY : http://klse.i3investor.com/servlets/stk/5161.jsp
The discussion on JCY attracted 130 posts in i3-forum. I do not read or follow, but I notice one link given by a person, alerting the 'scam' in manipulating JCY stock. YUP ... it is MANIPULATED. Not only JCY is over-valued, technically it is very difficult to buy at currently level. You could easily guess that the HERDS of KLSE's kaki are following JCY, buying into the news(such as Thai flood) and such.
NO one will want to speak about businesses, logic ... or technical analysis simply fails. How far could JCY go ... depending on how much the syndicates or manipulators want to gain from the ignorance. I did briefly talked about JCY during my SAT' s meeting on how analysts do not have their own standings and change their views 180-degrees without any convictions.
It is a serious case for SC to check, indeed. But, since when markets are not manipulated? We could only follow the so-called smart-money(I never want to call the that ... they are not smart, they prey on ignorant retailers and greed investors) ... we should follow the music till it ends ... when will that be? No one wish to be the last fool ... but somehow, many more rushing in and we shall wait to see how far it could go? RM2? RM2.50? We shall see ...
It is your own call ... do not ask around if JCY is a buy? Because no one could tell you how far JCY could go, and when it drops ... will you be able to run ... be the first to get out? For me, I wont buy into a counter where valuation is stretched, where many herds rushing, when the wagon is moving very fast, when market is topping, when broker-houses and news giving you full optimism. I just dont work that way ... I am still a logical contrarian who stick with my first rule " DO NOT LOSE MONEY".
A trade without higher level of certainty, without logic will not be my cuppa ...
Happy Trading JCY, anyway.
p/s : The last time I bought was RM1.30 and I have to cut-loss at RM1.25 level. That was loooong time ago.
TEH
"Pump and dump" schemes, also known as "hype and dump manipulation," involve the touting of a company's stock (typically microcap companies) through false and misleading statements to the marketplace. After pumping the stock, fraudsters make huge profits by selling their cheap stock into the market.
Pump and dump schemes often occur on the Internet where it is common to see messages posted that urge readers to buy a stock quickly or to sell before the price goes down, or a telemarketer will call using the same sort of pitch. Often the promoters will claim to have "inside" information about an impending development or to use an "infallible" combination of economic and stock market data to pick stocks. In reality, they may be company insiders or paid promoters who stand to gain by selling their shares after the stock price is "pumped" up by the buying frenzy they create. Once these fraudsters "dump" their shares and stop hyping the stock, the price typically falls, and investors lose their money.
http://www.sec.gov/answers/pumpdump.htm
JCY : http://klse.i3investor.com/servlets/stk/5161.jsp
The discussion on JCY attracted 130 posts in i3-forum. I do not read or follow, but I notice one link given by a person, alerting the 'scam' in manipulating JCY stock. YUP ... it is MANIPULATED. Not only JCY is over-valued, technically it is very difficult to buy at currently level. You could easily guess that the HERDS of KLSE's kaki are following JCY, buying into the news(such as Thai flood) and such.
NO one will want to speak about businesses, logic ... or technical analysis simply fails. How far could JCY go ... depending on how much the syndicates or manipulators want to gain from the ignorance. I did briefly talked about JCY during my SAT' s meeting on how analysts do not have their own standings and change their views 180-degrees without any convictions.
It is a serious case for SC to check, indeed. But, since when markets are not manipulated? We could only follow the so-called smart-money(I never want to call the that ... they are not smart, they prey on ignorant retailers and greed investors) ... we should follow the music till it ends ... when will that be? No one wish to be the last fool ... but somehow, many more rushing in and we shall wait to see how far it could go? RM2? RM2.50? We shall see ...
It is your own call ... do not ask around if JCY is a buy? Because no one could tell you how far JCY could go, and when it drops ... will you be able to run ... be the first to get out? For me, I wont buy into a counter where valuation is stretched, where many herds rushing, when the wagon is moving very fast, when market is topping, when broker-houses and news giving you full optimism. I just dont work that way ... I am still a logical contrarian who stick with my first rule " DO NOT LOSE MONEY".
A trade without higher level of certainty, without logic will not be my cuppa ...
Happy Trading JCY, anyway.
p/s : The last time I bought was RM1.30 and I have to cut-loss at RM1.25 level. That was loooong time ago.
TEH
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Discussions
2 people like this. Showing 50 of 94 comments
CPTEH: I have no problem with the way you trade, thats none of my business because we all make bad decisions from time to time. but when you deliberately publish something to incite panic in people without facts and figures, thats as bad bad as defrauding the public. You claim the counter is : "manipulated", "overvalued", "overstretched". Please explain to everyone using facts and supporting evidence how you came to this conclusion. Blog or article, makes no difference, the information is absolutely and utterly misleading and false.
2012-02-08 10:40
moreover, these are some very serious accusations and allegations you have made against their company without facts and supporting evidence. Think about what you are doing for one minute, because Iam sure you would not appreciate it if someone made false and misleading accusations against your personal trading business etc without any facts or evidence.
If you have a problem with the information I have provided in forum re JCY, then by all means blog about it and explain to the public with FACTS and EVIDENCE. please do not make false accusations and allegations because you are not able to refute the the information. You may be able to mislead the minority who are financially illiterate but many will see through what you are trying to do.
2012-02-08 10:52
CPTEH: Even after my comments about this blog, you still have not removed/updated the entry. So you are going to leave it there to mislead more people. be a responsible person and remove it or update it with facts/evidence. Otherwise If this is the kind of teachings that your are instilling into the next generation of traders, people would be very very worried indeed.
2012-02-08 11:01
yes, lamken, now he is dumped by JCY, hahahaha, bang head like hell now JCY 1.50, lol
2012-02-08 11:31
I noticed there was two Selling transactions cost over 3mil early in the open day. There were first two transactions at price 1.47 & 1.46. What does it mean? what is the signal? Can anyone comment?
2012-02-08 12:49
anyway, jcy has been give me daily 1k contra, what a dumped gold for me, lol
2012-02-08 13:19
With respect, it never gave me the impression you are "sifu" nor a "trainee" but just a individual who like to believe is good in the game !!! Simple logic , since mid-Oct 11 it was trading around 0.56 and progressive gaining speed by the week todate , CPTEH, I find it amaze with your so-called "experience" bought it at 1.30 where it has already gone up by more than 2 folds and you not knowing why ????? Let's hope there are more rain in Thailand and JCY will be smiling all the way to the bank !!!!!!!
2012-02-08 14:05
peace brothers, let's do our trading and most importantly profiting from this counter. Heigh ho and away we go for the $$.
Lamken, can still go in? I miss the boat this time.
2012-02-08 14:47
buy @ 1.22, sell @ 1.50. DONE. Please know what you are doing. Greed won't do any good. Those who having "get rich scheme" on mind on stock market wont go far anyway.
Happy trading and have a nice flight guys.
KcLEE
2012-02-08 15:04
Jtpc: yes still very undervalued and still got long way to climb. Read my comments in jcy page.
2012-02-08 15:20
Kclee: explain more pls with facts and evidence. How is this counter a get rich scheme?
2012-02-08 15:22
Manager saya suru saya baca ini. Dia kata jangan beli JCY. Saya masih berani. saya guna wang bonus CNY.
2012-02-14 15:33
lamken, i did not say THIS PARTICULAR counter is get rich scheme, what i mean is ppl who trade with "get rich minded" thinking...
No evidence or fact is needed... its a natural process in the market, ppl get greed, get burned, get blamed.
I can 101% now there are more,if not at least SOME reader ofyours regarding JCY are swearing at you. Its not your fault and I am glad that you actually spend your hard time to give facts here...indeed it is very good, but in a market, there is "NO CERTAINTY"... the way you present your fact is like making ppl MUST trust you... those who start to fight against your idea, you will be "rude", and keep pouring fact and numbers on them... I know number is always the fact but it is not ALL THE TIME in the market...
Be open minded... and I believe things will get better here :) I feel impressive how you spend ur time doing research and helping people here... I myself are looking into jcy closing now...
So, cheers dude. :) happy trading and be safe.
2012-02-14 15:50
when you analyse a stock, do not just only look at its FA and TA,but also the integrity of directors , especially the CEO.
2012-02-14 18:02
cytew: yes that true, CEO or insider know the better know about their company value
2012-02-14 18:35
Hari ini aku miss Q, tak dapat. Harap esok pagi aku dapat tangap JCY, nak cuba Rm1.23.
2012-02-14 23:10
Selamat Pagi. Mari kami semua beli hari ini. Mesti berani, jatuh pun beli.
2012-02-15 08:49
Ini bukan pasal berani ! Yang penting mesti berhati-hati. Kalau tidak cari mati.....
2012-02-15 09:31
Value is what the masses perceive in their mind. Stocks don't carry values. It's all a climb on the wall of fear. The company has value if there something to return to the owners at end of day including acquisitions or mergers.
2012-02-15 09:56
Hi Sam56. Saya baca 3x "Pump and dump" schemes. Tetapi saya masih kurang mengerti. Boleh tolong?
2012-02-15 09:58
Pendek kata Pump Dump maknanya harga JCY sengaja dimanipulasi naik mendadak oleh sesuatu pihak lepas ia dijual untuk mengaut untung.Kurang lebih mcm Harvest. Ia bukan atas fundamental company. Sybas skrg dah naik!!
2012-02-15 10:55
Sam, Terima kasih kerana menjawab soalan aku. Yang saya tak mengerti, apa kaitan JCY dengan Pump Dump ? Kenapa orang tulis cerita buruk ? JCY saham baik, untung besar kan. Kenapa si penulis kata JCY Pump Dump ?
2012-02-17 07:51
Setiap penulis ada pendapatan dia sendiri!Mengikut analysis ini harga JCY masa tu tak berpatutan. Dia hanya memberi amaran jgn sebarangan beli tanpa siasat fundamental stock ini.
2012-02-17 09:19
This chart is obvious. Smart money same pattern everytime, I was onced a victim. Don't be like me.
2012-02-17 15:34
I think many ppl know that it is manipulated. They try not to be the victim. Hope can make some money and run. But dunno how many were successful. That is the whole point.
2012-02-17 15:46
Hi .... to clarify, I did not say JCY is a pump-n-dump. Someone posted that pump-dump thing in JCY comments and I just posted and pasted. Technically, I just mentioned it is extremely overbought at 1.40-1.50, so as traders ... we would like to take profits first. Then, we shall buy back at ... say, support level which as a few days ago at 1.25-1.26. In fact, it touched 1.23 ... shot-up to 1.30+ before coming back down today(KLCI up0 7points ... not related to JCY, ok?). Back to 1.25 now, will anyone buy? Now ... fundamentally ... IF anyone claiming buying at 1.40-1.50 is cheap, then ... obviously we should be happy to buy ... say at 1.25 now? If it goes to RM1 level, the valuations becoming MUCH cheaper and logically, we will be happier to BUY more at RM1 or perhaps much much more when it retraces back to ... 80cents? 60cents? 40cents? And as investors ... we will HOLD till it is fully-valued. Be clear, are you using TA or FA? If none, perhaps it is PA + HA? punt and hope? It is not wrong either as that is how subjective trading in market is. Hope I clear a little of my post. Thanks
2012-02-17 16:04
Undukngadau: wait for mega sale next wekk.. if i have a good luck may be i will buy at RM1 or RM0.50...!!! hahahaha
tell u already,the share price was influence by few factor such as market sentiment.. so pandai2 la bawak diri..
2012-02-20 16:17
When u have an imaginary target px or fair value in ur head for eg 2.00 and the px comes down to 1.50, u think to urself, WOW! its now cheaper by 50sen...i shud buy more! Then, when the px goes down even further to 1.00, u comfort urself by saying OMG! if i buy sumore, i can make a 100pct return or DOUBLE UP !
This is what AVERAGING DOWN means and simply put, Averaging ur LOSERS just DOESNT WORK!!
The only Fair Value that is relevant is the CURRENT PX.
-peace-
2012-02-20 16:32
waahhh...current px already 1.20??go down somemore please...grabbing this stock end of this week or early next week :D
2012-02-20 16:39
Saya suka awak la, Mr Tim Buddy. Dia main CSL(5214) & SYF(7082). Saya punya duit kurang. Hanya boleh labur JCY & Scomi. Awak pula? Apa stock?
2012-03-13 10:34
Mr Tim Buddy, awak bikin aku ketawa(happy) lah. Saya ada key beli JCY Rm1.08, belum kena lah....
2012-03-13 16:00
Unduk: i told u already..wait until RM1.00 than we buy..
don't worry,.still have a room for this share to down another 5-10cents..
(but if it down to 90 cents..i will cabut kuat2.. useless to pegang this share already coz it will down until 40cents same as last year price..)
2012-03-13 16:43
Reply to talk2tpc
With respect, it never gave me the impression you are "sifu" nor a "trainee" but just a individual who like to believe is good in the game !!! Simple logic , since mid-Oct 11 it was trading around 0.56 and progressive gaining speed by the week todate , CPTEH, I find it amaze with your so-called "experience" bought it at 1.30 where it has already gone up by more than 2 folds and you not knowing why ????? Let's hope there are more rain in Thailand and JCY will be smiling all the way to the bank !!!!!!!
Hi there ... sorry for overlook your previous comment. I do not read much into comments or such. You MUST be yet another new reader ... the last time I bought JCY at 1.30 WAS when it dived from RM2 plus!! I hv cut-loss at 1.25 and it dived below RM1 ... to 60cents ... sorry for late reply, but please do not have any personal attacks or jumping into your own conclusion. Yes, I am just a novice learning, like many around.
TEH
2012-03-18 02:35
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
cpteh
many here are not my readers? I do not call myself sifu? As traders, we do cut-loss small? If I hold at 1.30 and it went down to 80cents, then 50cents, what should I do? average down? This is not an article ... it is a blog? I rest my case. Good luck everyone
2012-02-08 06:49