TNLogis : Today hitting RM5.80 and I sold my portion today(again ... traded her from RM4.40 and some of members still holding?!!) 

Last Sat, we were asked to mention one uptrend stock to be used(showing MA). I answered : TNLogis ... and explained a little to the trainer that TA doesn't really apply in my trading for TN(Tiong Nam). It is the strong uptrend shown and the news of split that is pushing it up. Pure TA-kaki could benefit form reading about the news-announcements and such, to capture these counters, rather than punting into the most actively traded counters?

Anyway, I told him that ... if not mistaken, EGM was on Sat ... and expecting it to shoot higher this week when many coming in to buy. TNLogis was our main stock discussed last month in tratles-meeting(besides Pensonic at 70cents ... today ex-bonus, at 57cents). I have sold Pensonic before ex too. Well, I was questioning him if technical-charts could tell us about why TN will(almost in certainty ... 80% confident) ... shoot up?

Now, take a look at Sumatec ... if one really bought at 33cents, managed to sell at 50cents, that is one good trade. Today ... that lousy Sumatec dropping 13% ... to 41cents now. that is huge OUCH ... if we punted into her ... and now, u cannot afford to average down. This is simply playing on greed-fear ... control of our emotions ... simply difficult to trade. But, some of them will mention they managed to profit 30% in days?? Be real ... tell truth to those newbies-novices, can we? 

It is all about our risk appetite ... and noting that majority 80% losers out there, will you choose :

A : A restaurant with many people queuing up to have a dinner, hoping it is nice

or

B : A nearby restaurant where we do not need to queue? 

And if I know the restaurant in B is good? No brainer, right?

With majority are losers, it is only logical to be a contrarian  ... do the opposite and what others do not do.

If my remisier asking me to punt into Sumatec, I will leave the remisier. I have nothing against technical-charting, in fact I use charts in daily basis ... but, we need to check on the fundamentals of the companies we are buying. FA + TA ... more into FA first ... then, TA and a lot of LA = Logic Analysis.

Never follow the herd ... never chase up the stocks. Place these rules clearly if you are newbies-novices. 

TEH