Humbled,

Now, we can just ride on shark's movement. With shark's backing, we can feel a sense of security at this moment. But we need to be more careful around the 27 sen zone...

This is not a buy call. Trade at shark's moods.

If still no selling at 25 sen, the shark may try to test at higher prices.

Ha! Ha! Trade at your own risks!

Now, the shark is testing response at 25.5 sen.

Hi, Lee,

What is your investment horizon? If it is for contra purpose, I think you can 'try' the top volume counters. This counter is not meant for the contra players at the moment.

Humbled,

It is T+3 and it is still up 0.5 sen. This is considered "remarkable", by Queen English Standard. If shark is happy, all it needs to do is push it into top 20.

Ha! Ha! Trade at shark's moods!

Shark ridicules, "If no contra sellers by end of today, I will close shop at 25.5 sen. Ha! Ha!"

Shark says, "24.5 sen, you are not selling. Now, I give you a chance to sell at 25 sen. Happy?"

Humbled,

Asia Pac has gone up by more than 50% now. Just be careful if you are buying into this counter. I was just using that counter to illustrate that the play could be on laggards this year. It was not a buy call.

Buy at your own risks.

Yes, I saw it and I thought it was just the shark's own trade.

When shark senses some selling, it will usually keep its head under the water. But do not under-estimate its power to make a deadly strike.

Ha! Ha! Trade at shark's mercy!

I thought I replied to you. I sold some and are keeping the rest for higher prices.

Mike, yes, test chocolate too. CNY is coming.

Humbled, today is also not a good day to test water as it is T+3. Trades could be distorted by contra selling.

Shark may push it to 24/24.5 sen in the afternoon to collect from contra sellers.

Trade at your own risks!

I still have some exposure at 26 sen. I will not test water at this price. I will only test water when it is low enough that I want to buy.

Asia Pac is another laggard that shark seems to have collected quite a lot in the past months. This year, it has been very active.

Like what I said, every dog has its day. For me, I like to pick the underdogs!!!

Ha! Ha! Trade at sharks' mercy!

Shark sighs, "24.5 sen, I queue to buy, but so few people are kind enough to throw to me. So sad!!!"

Any kind soul, please fulfil his wish!!!

Ha! Ha! Sell at your own risks!

After Takaso, it is now KNN.

This is the so-called "rotational play" that I mentioned in Dec. See when it is PM Corp's turn to hit the top 20. Then, shark will make punters really 'feel high and buy high'!

Ha! Ha!

Humbled,

The trading range is still 24 to 26 sen up to this moment. So long as 24 sen is not broken, shark might be building a base at 24 sen.

But if you really want to collect, wait till it goes below 23 sen to collect, it is safer.

Just my views.

Humbled,

Sell those that you have made a profit and get ready to buy back when the selling is over.

Humbled,

There are still retailers and punters out there. Once the shark pushes up in active trade, people, big and small, will jump in.

This is called "herd instinct" and shark just likes to exploit on that.

Ha! Ha!

Humbled,

You may consider selling the shares that you collected at 21.5 sen, like what I did.

Just to play safe and buy back at lower prices if shark were to change its plan and push it down instead.

Make your own decision.

I always feel safe so long as the shark has shares to unload at a higher price.

Ha! Ha!

Swingtrader,

You are now the captain. People are waiting for your buy call.

Anyway, market is weak and today is T+3. From the postings, it seems that the shark has collected quite a fair bit from some of you(either to cut loss or at a profit). So, if I am not wrong, there is a high chance that the shark will play it up to unload too, when the trading environment improves.

So, I am waiting for that to happen. Of course, the shark may change its plan, if you guys are not willing to "buy high".

Just my thoughts. Trade at your own risks.

Gold is up at US$ 1256.61 an ounce. Now, traders dare not anyhow short Gold.

It is just amazing that Gold is up when market is a tapering mode. So, do not use stereotyped thinking to trade the market, sometimes.

Ha! Ha!

Maybe, the shark is angry now. He wants to make sure those who threw shares at him at 24 to 25 sen to buy back at much higher prices.

Do not play play!!! Trade at your own risks!

Wow, who was the kind soul who took all at 25 sen? Swingtrader/Humbled, was it you? No, it was the shark leh!!!

Ha! Ha!

Shark is testing the market, waiting for any kind soul to take the seller's queue of 35,800 shares at 25 sen.

If no taker, the shark may have to bring it down. Whether it is going up or down all depends on your willingness to participate.

Ha! Ha!

Zu1967, you need to be a day-trader(full time on the screen) if you intend to do swing trading.

Mike,

Do not worry. I have been through the ups and downs of the market all these years. I know what I am doing.

I have sold some and either way, I am protected. If it goes up, I can sell the rest. If it goes down, I can pick up more.

Chinese saying, 'In every crisis, there is always an opportunity!' This counter has its floor and the real value will emerge when it drops low enough! The pump and dump method is more evident in the top volume penny stock counters with no fundamentals. .

Ha! Ha! Trade at your own risk!

Zu1967,

Finally I saw your posting. 1 sen profit is still better than a huge loss at 21.5 sen. Congratulations!

I may be able to collect low again, if it is going back to a down-trend chart again.

Humbled,

The small retailors are usually at the mercy of the big boys, who like to use the 'pull' or 'push' strategy, plus the scare tactic, to make the retailors feel 'thrilled', much better feeling than riding on the rollarcoaster.

Ha! Ha!

Today, the trading mood is no good. It affects almost all stocks, as well as PM Corp. Just hope that shark is collecting at 25 sen. Then, we are still safe.

Ecoworld is up today, after the sharp drop yesterday. It is really the big boys' play. You can get heart-attack easily.

Posted by ayeefk > Jan 16, 2014 03:17 PM | Report Abuse X

Hi, guys,

Just came back from outside. No pre-holiday shark's show today.

It slips back to 25/25.5 sen. Yesterday, some technical guys might have jumped in when it hit 27 sen. So, just hope that the price moves back above 26 sen after T+3 next week.

Once it breaks 24 sen, then the shark might revert back to the downtrend chart.

Just be cautious. Trade at your own risks.

Mike, mine is just small profit. I prefer slow and steady stocks. Do not want to take unnecessary risk.

Mike, Sold some that I collected at 21.5 sen and still keeping the rest for higher prices.

This is a slow-moving stock. It is not meant for the short-term traders.

Always follow the shark's approach to accumulate low and slowly offload as the price moves higher. Never chase high. Be prepared to use the dollar cost averaging method to bring down your cost of holdings, should the price that you enter go against you.

Just my experience trading this counter. Trade at your own risks.

Humbled,

Looking at Ecoworld today, it went down 58 sen. It used to be the investors' darling weeks and months ago. Now, the investors are on a rollercoaster ride.

Never chase stocks, esp those that have run up too fast and too soon.

PM Corp closed at 26.5 sen. The trading range today is 26 to 27.5 sen, short of the 27 sen close.

It attempted to test 27.5 sen, but failed. Got to see in the next few days whether it can close above 26.5 sen for a few days, before we can make any judgment if it is on an uptrend.

Points to note: Market sentiments have turned cautious, ahead of the public holiday this Friday and Chinese New Year is getting nearer. The CNY play on penny stocks could come to a halt anytime soon. Beware!

So, we can only tell the uptrend if this rally is continued well after the CNY.

Ha! Ha! Trade at your own risks!

Humbled,

Do not chase now. I bought this counter on Calvin's recommendation. But it looks like 30 to 30.5 sen, there is some strong resistance.

Just clear what you have now. Do not buy any more.

No. I was monitoring my RCE Capital. It came down to 28 sen and rebounded. Interesting!

Sumatec is at 32.5 sen now. Hope it can stir up the penny stocks...

Humbled,

There could be some selling by contra players at 27 sen. That made the shark retract his buy queues, to collect lower??

Anyway, good observation!

Lee9fold,

Nobody can tell exactly. You must test the market. Throw 100,000 shares at 26.5 sen to test the shark's reaction, then you may be able to tell...

Humbled,

Before market closed in the morning, buy volume at 26.5 sen was thrown down, now 70,000 shares are queuing to buy.

You are queuing at 26.5 sen to buy now? Very daring, heh!

Ha! Ha!

PM Corp finally came out of its trading range, currently at 26.5/27 sen.

In the past 1.5 month, the shark drew a downtrend chart for him to collect. Hopefully, he is now drawing an uptrend chart for more people to play.

As I said, nothing is absolute. It all depends on the market sentiment and your willingness to buy high and sell higher. In the past, the shark's strategy was to collect low. Who knows, his strategy now might change to 'collect high and sell higher', like what you guys always say, you like to 'buy high and sell higher'.

Nobody knows exactly the real intention of the shark until the last card is dealt. It is always good to remain cautiously optimistic. A good judge would be if it can close and stay above 26 sen in the next few days.

For the prudent investors(with large exposure), this would be a better time to reduce your holdings, than say, during Dec.

Again, trade at your own risks! I do not have the privilege of a shark, but I like to study shark's behaviour.

Mike, Yes, go shopping at Orchard Rd. Singapore welcomes your shopping spree.

Say hello to Calvin if you bump into him at Orchard Rd.

Mike,

I was just pulling your leg when you mentioned defensive fundamental stock. Today is boring without trading, so it is just meant to be a joke.

So, you agree that it is an asset play. This is fundamentally better than some thrash counters.

No joke, no fun!

Mike,

You must tell i3raymond which defensive fundamental stock to buy. With the general term as defensive fundamental stock, i3raymond could end up buying PM Corp as it is defensive(food business) and fundamental(with cash reserve).

Ha! Ha! Just a joke to liven up the day!!!

Qintian,

I did not give a buy call at 26.5 sen.

You may refer to Mr Ooi's posting for your own investment decision.

Thanks.

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Posted by Ooi Teik Bee > Jan 8, 2014 10:56 PM | Report Abuse

I want to be fair to Calvintaneng. If the stock price can cross 0.27 and close at this price or above it. The trend had changed from down trending to up trending. Final decision is yours.
Thank you.

Qintian, thanks for your feedback.

Just curious. Care to share? How many shares did you sell at 25.5 sen? Did you take long to sell it?