My Trading Adventure

AMedia : How low is low?

CP TEH
Publish date: Thu, 11 Oct 2012, 06:29 PM
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.
Following Message





AMedia : The volumes are huge today, showing more retailers selling. The RISK of ACE-counters ... check-out DVM and someone asked me about Gocean? I do not look into such stocks until current AMedia diving. Yes, I want to catch the technical rebound but have to sell quickly for losses. Will buy back again ... what a knife!! ouch.

This is will be used for my technical-rebound example tonight when I have my batch-2 meeting but it did not satisfied 2-3 of my conditions!!

Just watch the game .... how low it will be pressed down further, with bonus-issue and free warrant news in play. Private placement was at 0.37 levels? Need to check on that ... but as a trader, we check more on indicators ... tho, mind you ... indicators FAIL badly in such cases.

Good luck

TEH

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Discussions
2 people like this. Showing 5 of 5 comments

AL833D

Hi Teh, good question Amedia how low is low? i no good in TA (MacD? MA? RSI? Stochastic? Bollinger Band? or Fibo Retra?), but i know the buying signal not 'show' yet! if PP was at 0.37, can market absorb this few day 'droping vs volume'? i agree what alex say ..... avoid...?

2012-10-11 19:20

Kim Yap Lau

inverted hammer formed

2012-10-11 19:57

CP TEH

Hi AL833D

Yes, should avoid as more retailers obviously have to sell for losses now. Those bought at 50cents to RM1 levels most likely selling too.

I do not believe in indicators much, and certainly could not be used for cases like AMedia. It is matter of how much 'they' want to press it down further, and what will be the decisions on bonus-warrant news.

I did not follow the developments for this so-called good FA counter as it is in ACE, speculated to move to main board. That piece of news being used to push it higher as many do not want to 'miss the boat'.

It attracts many counter-trend traders like me. But, it is not time to buy yet, certainly.

Waiting for signals.

Do watch but avoid.

TEH

2012-10-11 20:02

amywo

Everyone is looking at this counter expecting good,unfortunely falling down day by day!

2012-10-11 21:28

necro

dah ada doji sok GREEN laa tu...
afraid xIN hati suicide go laa...
1% u win 99% possibly lose..

2012-10-11 22:04

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