KNM : The monthly chart of KNM to show the fallen 'O&G' darling. The sharp exponential surge from 2003 till 2007 was incredible. I was still not around then.


KNM : It was at RM1.80(I have to multiple with 4 when I called someone to sell his stakes ... he bought at 1.80 x 4 = RM7.2). I m not sure if he sold his stocks. Unless you are close to me personally, I will not make a buy-sell call ... it is too risky and I do not know your risk appetite(tolerence). Anyway, from RM7.20 ... going to 72 cents now is a BIG huge loss ... and the lesson could be too painful for many to remain in market. That is how cruel market could be.



KNM : This is a daily chart showing KNM reaching the new low ... when I wrote in the i3-forum, KNM was trading at 0.83 levels. Then, as someone mentioned that it will shoot to RM2.50, I was questioning the rationale. Yeah ... I was more concern that MORE newbies might just jumped into her, HOPING that the speculation is true ... and they could get rich-quick?

It is not to splash cold water or adding salt to the wounds who are holding to this ex-darling. It is to 'safe' many newbies from the agony of hoping to get-rich-quick ... once these INCORRECT mentality developed, bad habits cultivated ... it will be very difficult to 'change'.

This is NOT a call to sell your KNM for big losses. I am sorry again to those get sucked into KNM ... we all should learn and take it as a lesson. Just promise yourself NOT to do such mistakes. ONLY YOU know why you bought her. Previously, I bought her as I was a newbie ... and I heard many saying it is a good stock!! Of coz ... I do have kind people telling me to be careful, check on some facts.

Today ... I am wiser ... more experienced and understand many things in FA and TA. Today, I could tell you at least 5 reasons why KNM is NOT a buy. Perhaps, technically I could find some reversal signals ... but then again, why gamble on risky counters?

Be safe ... if you not sure what counter to buy ... I will suggest blue-chips. If you dont know what blue-chips mean, dont worry ... learn. It will take another few years for us to know about markets. You really need YEARS ...

You decide. It is your money.

TEH