Fool Trader KLSE Research
Stock Overview - NICORP - 9 Mac 2012
NICORP ( 4464 : 0.63 ) : Buy below 0.60
Description
Property and logging
Resistance : 0.75
Support : 0.56 0.60
RSI of 68
RSI is overbought
STOCHASTIC
It is turning down
TREND INDICATOR
Comment
Following the recent consolidation breakout, it is heading for 0.75. A pullback to 0.60 is likely, due to the overbought Stochastic
Trading Strategy
Buy below 0.60. Stop loss is at 0.56
Source:Jupiter Securities Research 9 March 2012
Description
Property and logging
Resistance : 0.75
Support : 0.56 0.60
RSI of 68
RSI is overbought
STOCHASTIC
It is turning down
TREND INDICATOR
Comment
Following the recent consolidation breakout, it is heading for 0.75. A pullback to 0.60 is likely, due to the overbought Stochastic
Trading Strategy
Buy below 0.60. Stop loss is at 0.56
Source:Jupiter Securities Research 9 March 2012
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Discussions
2 people like this. Showing 50 of 186 comments
Already expected it when everybody was so hot buying at 73cents...but no one wanted to listen to me.
2012-03-15 17:18
Yes, brother spinninglotus , alot of kakis thought that it's easy picking & going for a kill in the hope that it follows the Harvest trend to $2.50 but now it's a hard lesson learned.
2012-03-15 17:30
No brother spinninglotus , I don't buy this counter as I give some advice here sometime back to caution them.
2012-03-15 17:31
Yes,I pity them...talked so much about it but they just laughed at me wor...haha...
2012-03-15 17:37
like d sayings goes.. when d shoe shine boy advocates to buy a stock than its time to run a quit d company ..
2012-03-15 17:47
I just post this in another topic...
Confucius say: A man with his hands in pockets feels foolish, but a man with holes in pockets feels nuts.
2012-03-15 17:55
Those fella who lost a lot of money and unable to pick up shates with cash will face force selling.We should get many cheap shares in other counters next few days.
2012-03-15 18:01
Brother spinninglotus , your remember Envair? Deepak Carpetman says buying to give Envair good support & says he is staying for good investment. So says 2 Chinaman from Taiwan, also same reason...why happen then...all disappear into this air after making their millions out of the "greedy kakis'...now this idiot Deepak Carpetman[or call him smart if you like] returns & say he wants to stay again...another scam?...you trust him again or you become his carpet rug?
2012-03-15 18:19
Yes,brother Chong,you are right.If he has oil and gas assests,why would he be so stupid to inject it into Envair?
2012-03-15 18:38
bro chong & bro spinninglotus i agree with both...here we're trying to warn them yet they refuse to listen...in return some more say bad things when we are proven right...these newbies have no respect of the market...let them burn...hehehe
2012-03-15 20:59
Kamarudin,Wan Zulkifli,Aspire,NGC are already formally involved in the purchade of Shell's LPG assets. As for NIcorp,it has accepted the letter of invitation to participate,but no mention about its role in the sale and purchase.
2012-03-15 22:27
Im trying to educate my brothers here about share trading...On 9March 2012,an article in a Chinese newspaper said China Yunnan Mining company is buying HWGB mining business.Again HWGB clarified that it was not true!
2012-03-16 08:19
That's why its called a 'rumor'. Sometimes its true, sometimes not. So follow the chart.
2012-03-16 08:43
If traders are still interested in NIcorp,as you see today support lies at 60cents.If NIcorp are involved in the bid for Shell LPG assets with Asprlire Wan Zulkifli,then it could still go back up to 73cents...60cents support line is crucial--dividing line between bull and bear.
2012-03-16 14:11
penny stocks is a big con game if u want to play u must learn to run faster than usian bolt.
2012-03-16 17:11
many of the traders out there had already anticipated it will broke the 60 sen lvl today, support level at 58 sen lvl, is still not convincing enough.
2012-03-16 17:53
The Chinese Newspaper that spread the rumours in NIcorp and HWGB is Nan Yang Siang Pao! So be careful all brothers.
2012-03-16 18:38
We must know the fundamentals of the company before speculating shares and predicting share price. So do not put our hard earned money into the share counters just because you see its share price flying it does not mean anything more than attracting us to give our money to those manipulating the shares.
2012-03-16 18:41
Nicorp no. of shares = 700,000,000
Sagajuta asset = RM343,000,000
Sagajuta 2011 profit = RM11,000,000 only
Net asset/share = 343/700 = RM0.49 only
EPS = 11/700 = 1.57 cents only)
.49 + .0157= .5057
2012-03-19 20:07
After all the negative feedback from friendly members here asking you all to stay absolutely clear from Nicorp, still there are so many kakis who persist on with the grandiose hope & dream to see it shoot sky high. Come on, as I said so many times before, FACE REALITY MY FRIENDS. Have it ever lingers in your mind that you all are being make sacrificial lambs for certain people to fatten their bank accounts? When will you all learn.....perhaps after your bank account had been totally cleansed?...hee, hee, hee
2012-03-20 03:15
Brother perfect60, I had recommended a few counters before & they are all making money for quite a number of members here...counters like Coastal & son, Tenaga & son, BIMB, KHSB, EPMB & soon to make money too ECM. Please put your money in some worthwhile counters preferable undervalue & money or profit making companies & see your money grows instead in some lousy money losing & very low NTA or worthless penny counters....for these useless penny counters, the ones making money are the syndicate members & their proxies & the directors off course.....so stay off as the last one out always kena bakar or hangus. Remember you are all pawns in this penny goreng counters.
Always remember that this site had all types of people and most may lead you to Holland..so be very careful please brother perfect60. Remember too nobody hands you all or anything on a silver platter. Trust yourself & no one else including me as we are ALL FACELESS PEOPLE IN THE INTERNET.
Cheers brother perfect60, be wise, play safe & smart too. Good luck to you too.
2012-03-20 05:20
Frankly speaking,the from its net asset per share of 49cents,buying at this level 50cents risk is much lower.If brothers believe good management with Dato Chan and good projects in the future,you can buy and wait.Risk--no projects,potential earning-good projects.So which one would you bet?
2012-03-20 08:10
A friend just send me this from presumably a CIMB research report....
Naim Indah Corp (NIC MK; RM0.535) – SELL
FY13P/E: N/A, P/BV: 4.9x
The stock appears to have formed a double top pattern. Prices failed to record a new high last week, which led to further selling.
With both its indicators starting to head lower, the odds of further upside also diminish as well. Continue to look out for the support at RM0.505 where a break below would send prices falling towards the RM0.42 levels next.
Any rebounds should be a chance to sell into strength. As long as the RM0.725 resistance is intact, we think that sellers are in charge.
2012-03-20 08:31
march 14th i shre my thoughts on NICORP.. to look for other counters.. it is still possible for those who wants to cover losses.. buy ZELAN at anything below 50sen hold on tight.. 1-2 months u'll get to see back what u hv lost betting in NICORP.. I APOLOGISE FOR MY UNSOLICITED ADVICE N POSTING..SORRY GUYS..JUST CONCERN..TQ
2012-03-20 11:38
JUST AN OPINION.. UR ENTITLED TO URS.. BULL TRAP PERHAPS.. TAKE IRIS AS AN EXAMPLE SOME 6YERAS BACK IT WENT ROCKET HIGH FOM A MERE 10SEN TO RM1++ ALL SWEET AND ROSY.. TARGET SET HIGHER ONLY TO TRAP INEXPERINCE PUNTERS WHO'S DREAM TO GET RICH QUICK.. REFLECT ON THIS FACTS..
2012-03-20 12:19
I am just wondering whether you got the terms mixed up. A dead cat bounce is used to depict further downside...bearish in other words so it is a bull trap. I never meant to dispute the view you have..I am just confused with the terms used
2012-03-20 12:25
corrections.. dead cat bouce.. a bull trap
BULL TRAP:defination ; a false signal indicating that a declining trend in stock or index has reversed n heading upwards.
BEAR TRAP:defination; a false signal that the rising trend in stock or index has reversed n heading downwards.
thanks thor..
2012-03-20 12:43
Traders can eye 0.50,if can hold strong,enter at 0.50,if breaks 0.50,cutloss and buy at 0.45/0.40.
2012-03-20 13:35
Traders,from my experience,When CIMB asks you to sell,thst is time for a good rebound.But no guarantee after that.Haha so still have to monitor,no role to buy and keep yet.If it rebounds up 60cents,that is likely a resistance.Can still watch and see.
2012-03-20 17:22
Like I said,entered at today's morning level risk is low.That also means good chance for rebound and profit,but does not mean the end of downtrend.Buy early,sell early.Do not buy late,sell late.
2012-03-20 17:24
Oh my God!Now rumour says Datuk Chan is buying another penny stock Focus Energy and same rumours of him injecting oil and gas assets into the company!
2012-03-21 07:29
Like I said brothers,0.565 was the selling price,now it drops just like thst.Now rumours circulates Dato Chan into other penny stocks,so I expect this counter and Harvest will be very quiet for sometime.Good luck Brothers!May be below 50cents can watch.
2012-03-21 15:58
new from the Edge newspaper, that Nicorp is terminated from the LPG deal. They are looking at lawsuits now against Aspire from what i read. read the edge 14th May, p.5.
Looks like a lot of punters will be burnt. from my point of view, this Chan fella is out to make a quick buck!
2012-06-15 01:12
Yes, brother KC Loh , alot of people going to get burnt as I had said very very much earlier that Nicorp is NOT GETTING THE THE LPG DEAL....why?...because an Omani company from the Middle East had already sign the agreement with Shell quite sometime back....still people want to chase this counter after I had said this, OMG.
Cheers.
2012-06-15 01:33
anyone know JUPITER ? Do they sing like "Stevee Wonder" or are they part of RC's associates ???
2012-06-15 04:44
@ Chong, you were kind to warn other bros. Any CEO who bails out by selling his shares at 890k x 0.46-48 tells you the story. Buffettology insist management must be sound and committed to the company, obviously something Chan is not. The punters forgets too easily at their perils.
2012-06-15 11:50
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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....
chong
Brother spinninglotus , it follows Harvest style off course, hee, hee,, hee...lesson need to be learned to know that it's a trap like Harvest. Next drop to where...so some of you say previously "to follow the trend"...follow trend to where then? Who makes real MILLIONS $$$ on this 10 cents company?...no prizes for guessing who.
2012-03-15 17:14