latest update by that technical chartist I referred above,he says as long as s&p holds above 2400,it will rally to 2800 by spring before another leg down to 2100-2200 then multiyr rally to 3200-4000 before a crash of a 8-10 yrs bear market that you only witness once in a decade.

As I see it,I would take profit on S&P at this level.

Trading derivative based on heresay or people/sifu's recommendation is asking for suicides.If you plan to look into those option,firstly understand how it works and have a trading plan otherwise you can lose faster and a lot more than stocks!

As I see it,it's likely that there will be a bounce at 2362 level for a few days.

For KLSE futures,you can google klse futures invest.com.choose interactive verses streaming.

net gearing is about 1.6 billion which about 1.7 times of paid-up capital but then a/r is slightly over a billion.Could someone defaulting to cause limit down ?

any news?

Please continue with what you had been doing,at least it might possibly gives some thinking caps for some who might save lots of money in this super bearish market.

According to one technical chartist whom I had been following,in his analysis,he said s&p will eventually hit 2100-2200 before a rally of a few yrs that will likely hit new high probably even beyond 3200 between 2022-2024 before a major top in place that will have bear market of at least 8-10 yrs.In my opinion 2100-2200 is not impossible as it was the high before the correction to 1800.As I have no in depth knowledge of elliot wave theory,I cannot gauge the possibility of the massive rally that follows then the super bear that follows according to him possibly more painful than the one in 2008/2009.Before the 2100-2200 level,there is a possible rally from 2450-2480 that will likely stalled at 2600-2630.In stockmarket,it's important to know the direction of the overall market analogy of the forest.If you just focus on stocks(trees),trees will eventually be burnt down if the forest is on fire!Technical analysis will allow you to gauge possible upside/downside so that you can manage your risk.In stockmarket,you can possibly lost all or even more than the gains you have accumulated thru the yrs no matter how much it was if you don't manage your risk!You can analyse the fundamental aspects of the counter till cows come home like hengyuan and petronm shareholders,ultimately when the price of the counters came down will leave many shareholders in puzzlement!If you examine the stock price of all the counters in Bursa,it is telling you the market is super bearish and it's not a normal correction that you have seen for the past few yrs.Again it's all up to you whether you want to open your mind to the possibilities.

Things you don't know nor understand ,doesn't mean it's rubbish.One should open his eyes and ears before valuable knowledge can be acquired.On the contrary,I do find his technical skills rather good.I used to trade more than 20 yrs ago for many yrs without using charts but I still look at the newspaper daily for vol and price/vol.I don't believe in charts either then till I open my mind to it.During the bear markets after 2000,I started to learn charts and I have never looked back.It's a tool for you to gauge the market upside/downside hence manage your risk.I still have lots to learn and still haven't acquire the knowledge of elliot wave. Am I talking rubbish?It's entirely your right to think so but it's your lost in my opinion to continue shutting your mind.

This counter too has extremely high net gearing!Better be careful!

Armada's net gearing is extremely high.High chance of restructuring or potential PN4 counter in my opinion.Big name can also fail,why pump huge amount of money into it when it can buy something that can give better returns?

As I have said before,I was an ICU trader more than 20 yrs ago,I learnt no matter how much you have made ,you can lose it all or much more if you don't manage your risk in trading.I have been thru hell before and I really hate to see people suffering what I had been thru hence please do ponder on what I have just said,please manage your risk!

One of my friend despite bought only small quantity on dips counters recommended by Uncle Koon lost heavily.Being a philanthropist,you will do more good deeds by not recommending any counters in your writeups cause those savy traders would know how to benefit by riding the wave you attracted those traders' buying but only innocent and gullible traders/investors who do not know how will get badly burnt.Of course if you don't recommend, others would but it's their karma and not yours. I wonder the number of wounded traders/investors who bought the shares you recommended is big enough to negate all those donations you gave.The above is solely my opinion only perhaps something for you to ponder about if you are a Buddhist.

Indeed I am sadden by what you had gone thru and the latest twist in politics gave me doubts the hope and confidence we will definitely be heading for the better.It's disheartening that I am not sure anymore.

Who are you to judge?Every one makes mistakes in their judgement hence there is a need to do risk management in trading!

For goodness sake,pls don't flood the forum with personal attacks.Forum is there for people who are interested in the subject to discuss and voice their opinion.It's up to adult individual to read with a pinch of salt and decide for themselves!If the individual decides to follow whoever in his/her view is good enough to heed,it's his/her choice.

The problem with this counter is that it has high borrowings ard 860 million.You will notice that most of KLSE 's counters that have high borrowings drop badly.With the amount of cash it has less than 1 million a/r of 13.5 million,just imagine how much you have to pay interest for about $578 million! It probably has to call right issue and some kind of restructuring ,just my opinion.

Despite being oversold,I would say sellers are still very strong and it does looks very weak.

The price and volume action warns one to be careful of this stock.

The shit and hole was dug too deep from the previous government that though the PH government knows that there will probably a lot of resentment and regrets from the Rakyat who voted for them,they still have to bite the bullets to execute plans that will eventually restore the country to financially sound status!If they could not do it before the next election,there is a chance BN will win and this country will go status quo i.e bankrupt eventually!

If you are lucky and had guts,it's not impossible to get huge return even in 2018.one eg is mrcb-c32.It hit at .045 and went to as high as .175 if not higher.You definitely can buy lots then.Unfortunately,I chicken out too early!

Pls allow me to sidetrack a little bit.We came to know about CLSA feng shui index chart since many years ago.My accessment of it's accuracy ,I would say it's pretty good.It's use by many institution funds for reference.They are professionals who manage many millions of dollars yet still use as a reference.There must be reasons they still use as reference as they are not stupid rightly speaking should not be superstitious.As I was used to expose myself to metaphysic since young,I have reasons to believe there are abstracts we don't know or can't see but using metaphysic can predict the future rather accurately hence I have tendency to use it as a reference to trade.I use chart to gauge the possibility and manage my risk.However there is still possibility that they could calculate wrongly and err in their prediction hence one needs to manage risk and not follow blindly.I don't want to create negative karma for myself nor others.

clsa is for hong kong market.Pls don't follow blindly.Use the chart to gauge the possibility and manage your risk.

I look at hang seng chart this morning,lionkings's target is still possible.

I don't completely believe,I use charts combined with feng shui master prediction to manage my risk.You can analyse till cow comes home like what those investors in Hengyuan or petronm had done,I strongly believe chart and price movement reveals a lots about possibility and therein manage my risk

the above is the link for clsa feng shui index for 2018

https://www.clsa.com/special/fsi/2018/?section=theindex

Firstly I must state I do trade with what feng shui master prediction in mind cause I strongly believe they still have uncanning ability to predict the future rather accurately. eg immediately after Najib announced the polling date,I look at the mth that master predicts.I told my colleague from what he said likely opposition will win.No one believe it will happen as they they said the amt of cash UMNO is giving out assures victory.They start to see the possibility only towards the last wk before polling date from the crowd of the ceramahs but still not certain.There is a feng shui done by CLSA every yr and seems rather good too.You search CLSA feng shui index 2018 and will see it states that it starts to climb from July till end of the yr/Though lionkings 's target is still possible from the chart perspective,I had already. loaded hsi-c3i ard .35 cts I went in as I see the price is already hitting the lower end of the bollinger band and seem to have divergence

KS55,ya continue to have Najib as our prime minister and the BN as our government,you don't need many yrs before our children/grandchildren will be forced to work abroad to earn a living.Do you want to continue living a luxurious house infested heavily with termites that was built on excessive borrowings ? You will never know when it's going to collapse!Looks nice superficially only but it's already rotten to the core! We got no choice but to bite the bullets in order to get the house in order!

If you think opcom can keep limit up just because PH won the election,you must rethink again.The new change in government is to weed corruption which was widely spread during the previous regime.Any contracts warded unfairly would be heavily scrutinized and brought to the attention to the rakyats by BN.In one of the speech,TUN even said that if any of MACC ,judiciary displays biased judgement even towards the current government(us),he will be removed.That statement itself kind of boost my confidence that the new change in government is really heading for the better!Although it will definitely be better for years to come according to the feng shui expert 50 yrs,the first few yrs probably would be tuff depending on how fast we could attract foreign investment and return of funds,those malaysians who had transferred money out from the country many yrs ago due to no confidence in this country.Don't forget GST removed and reinstates fuel subsidy,where to get the money? GST constitutes almost 20 % of country revenue and though they replace with sales tax,it's still substantially lower than GST.Don't say this feng shui boh liao cause the way he said about our stockmarket for month May implies opposition will win! In fact many could not see how BN could lose then till they see possibility of winning only after witnessing the crowd at the ceramahs!

Since when have MCA and Gerakan stand and speak out for what are right or good for the rakyat?They are only "yes man" people!I am indeed astonished to hear stockraider whom I thought has good analytical skills openly urges to support BN.Since when has opposition rules the country for you to conclude that BN is the lesser evil?Money is indeed evil and really can sway people whom I thought were so principled and noble like Raja Petra could even changed tune to go for those that he used to frequently criticised.When one party rules too long and has obsolute power,there is always the risk of huge corruption,fearless of anything to what GREEDS leads them to do i.e self before country! There is no limit to what GREED desires!

buying back mmccorrp

i don't like the movement.sold

looking at the movement of c8,high chance mother share will go up.

I don't believe there is free lunch in this world

Only Mr Market can humble oneself.At the end of the day,only Mr market can label who are dumb or ugly.

I just checked the record.A friend bought Shell then on 25/03/2014 at 6.2728. I also checked crude oil was then $103.7

Perhaps you got it all wrong.It's the US who is undermining other country's democracy if that country doesn't bow to her,lol!

I am not siding anyone.Frm the latest comments from 3iii,my opinion of him changed as the things said about him earlier really painted him a real ugly guy.I just acknowledged what was said but rarely changed my opinion as I conclude after weighing all the things laid in front of me.In stockmarket overconfidence kills cause one totally shut out other possibilities of what could go wrong.Hence you completely ignore risk management which is dangerous in stockmarket.As I have said without risk management,you could completely wipe out your gains no matter how much it was and worse lost! This was exactly what I said to a fellow friend and client of mine.I told him at certain pt you must not have blind faith cause sifu also can be wrong.Ultimately it's your money and life.I am saying all these not because I am smart but I learned the hard way as I lost millions 20 yrs ago and I was actually technically bankrupt.I since recovered and I learned it's thru risk management that you could retain gain accumulated thru trading.I was practically doing contra-trade to earn those money only with small sum loaned by my husband.I just hope some of you will remember and fear without doing risk management in stock trading.

Everyone knows is oversold yet sellers are so strong with volume.I don't believe proprietor trader are shorting and cover back at the end of the day.Could chong ker still liquidating?

I thought of arbitraging instead of leaving cash in trust account hence I called.If it's certain they don't give you a 7% upside lah

This is a conditional MGO which means if the conditions are not met ,you won't get your $1.5. For more info,pls call mercury securities 03-62037227 ext 207 ask for CK

A genuine fund manager will NOT give you hint to sell first if he is selling neither nor will he tell you to buy if he is really buying.However movement of Hengyuan is really weak for whatever reason.

If fund managers and Kyy are buying today yet the price movement of this counter with such volume shows small rise only after such a deep fall renders one to seriously think could it be some big funds selling and they know something that we all don't know?

I wonder who are the sellers today? Volume is rather huge but price increase is small.

sold back

You can see today when mother share was 9.37 ,ch low was .23 cts then they rallied.You notice when mother share hits till 8.68 that's .69 cts lower but Ch is only 1 bid lower.So pls don't simply say that IB are the ones who short/sell the shares when the mother share goes down.I am sure you don''t want to be accused that way either hence don't do something that you don' want others to do onto you.I am in for a techinical rebound but the current price is .53 cts against me.I really underestimate the downside for this round though longer perspective the price could hit lower than today.

i meant to say do not have blind faith

To the chinese name and whoever had disputes with you,I am a strong believer in Buddhism.In my opinion,you probably had bad karma linkage with those people hence how you handle the situation is important.If you are magnanimous even if you think you are not wrong then perhaps you will have a better karma linkage with them in future and perhaps future lives.Committing suicide is not an option cause you will still need to face it in future lives as you cannot run away from that negative karma.Only thru forgiving,generosity and big/open heart can you solve this negative linkage.Watch your speech as it could exacerbate your negative karma. Generally a person who is really depressed thinks the best way to resolve is death.Ironically it's not so cause you will eventually have to face in subsequent lives.In order to breakaway from depression,you tell yourself to try your very best and then resign to fate.As regarding having debts/losses,one must reflect where did you go wrong and why you lose that trade.If you keep losing money,stop for a while.Perhaps luck is not with you.Wait patiently for another opportunity to strike.No one can help you unless you help yourself.Don't listen to rumours and have blind faith.Manage your risk.Read articles with a pinch of salt,analyse, do your homewrk ,evaluate then conclude yourself.Good luck