For me, the regret is in not buying Affin when it was stuck at below 3.00 a few months ago. Should have taken the cue from Bank Islam's rise and rise at that time - sooner or later, Affin and other laggards would tend to follow.

Got my TP for IFCA-WA, thanks to richman's comment some weeks ago. It's not exciting but the number one goal is to make some money:-) Am considering mpay-w now.

Too scary for me. I'll just follow JCY:-)

Or Greece political party. But the price!...

Yup, seems to be on a downtrend at the moment so your strategy is prudent. And the positive sign might come sooner than many would expect. Remember that this is JCY, and its movements (often upwards) in the past had confounded many investors and analysts too. Even when TA charts show it on a downtrend, it would somehow go up! That's the power of traders and speculators on contra mode - they don't care about technicals. Or fundamentals for that matter.

There are positives in the last few sessions, sort of. For one thing, it didn't drop below 1.00 as some had thought. It made two mild rebounds to 1.18 or so but went down again when many took quick profits or cut loss. I think it will be around 1.02-1.20 in the immediate future. Just a speculative guess, without any charts or whatever to show:-)

weiboy90 - If you study the various counters in BSKL, or anywhere for that matter, they'd show very noticeable ups and downs over the months and years. High-priced favourites might stay that way for some time. Then they would decline, going lower and lower, and most people forget about them. Often, they would start to rise up again and many would be kicking themselves about not buying when they were much cheaper. This regret happens every day in the market:-)

I don't know about TGOFFS but similar counters should serve as a lesson. TH Heavy, for instance - most people had qualms about buying when it was at 0.40 sen just some weeks ago. But now they are rushing to buy it at... 0.54 sen. Scomi - ignored when it was languishing at 0.22 just two weeks ago... and now people rush to buy at 0.29. But that's how it goes. The best that we can do is to try and anticipate, and be a bit ahead of the crowd when it rises again. Doesn't look like it right now, but its time will come. When and what price, no one knows yet.

This is one of the counters worth keeping tabs on. It is finding its equilibrium after the big special dividend and is undergoing a correction. But sooner or later, it will form a base. Things are quiet for the time being, business-wise. However, with oil & gas counters, there are bound to be announcements of this or that contract being won in the near future. For now, watch first for signs of volume.

@lawyen - Agree with kcfan. Hopefully we won't have any use for these ourselves. But would be great if `health tourists' were to fully utilise them:-) The "stay healthy" part is wisdom.

Yeah, that's one of the minus about IHH right now. But some investors see it this way - it's a good thing that they are using the profits to pay for the expansion organically instead of taking too much debt. Anyway, I think it wouldn't be too long before it is completed. With the added beds, there will be more revenue and hopefully profits.

The EPS is within what is expected of a 3.00-plus counter. But in IHH's case, there is a premium to it in that it is a relatively recession-proof (to an extent) company that wouldn't be affected by things like the general election. "Dividends and stability" - this is what it offers to investors (although I'm `just' a trader).

The Star's SMS Alert: "IHH Healthcare Q2 earnings jump 426% to RM403.5m from RM76.6m yr ago, revenue up RM230% to RM2.697m. H1 earnings up 195% to RM527.7m".

Very impressive. But will have to see more details on how these numbers came about. Anyway, after setting up a base around 3.11-15 for the past week, hope IHH will start going up.

The sub-50 sen oil & gas counters have done well, including Scomi and TH Heavy. Guys, what are the similar counters in this price range that are still quiet? Maybe we should investigate and keep tabs on their movement.

I know of one - SILK at 0.38. It is better known for the toll concession. However, based on its annual reports, it has diversified where two-thirds of its turnover now comes from O&G... through its vessels. The problem with it is its debts, which eat up most of the profits. But having a toll concession - this is attractive. It also doesn't have too many shares outstanding.

Yeah, a bit too fast for a 20-something counter and locking in some profit might be prudent. Wouldn't be surprised if there is a bit of correction to it. But then, it was higher than 0.30 before the long slide, so I'm not taking all the money off the table yet.

2/8/12 when NEXTNET was at 0.10, TA says "Sell". Guess what happened after that?:-) Ah, these `analysts' - if one follows them 100%, one would either lose money or forsake the chance to make it. Not that we should ignore their reports - please read them but make our own decisions. After all, it's OUR money.

@jacklintan - Just because it has the potential to go to 1.40 doesn't mean that it will. Even if it does get to that price, it won't be a straight line. For the moment, it is obviously on a downtrend and it is prudent not to go against this. Even when it looks "cheap". As we have seen with various counters, cheap often becomes cheaper.

All these new analyses by the various investments won't help sentiments either. By the way, it wasn't too long ago that they were praising it to the sky. I think I remember one analyst espousing JCY as "the best counter in the universe" or something to this effect. I'll try to find it and post the link here.

At the same time, don't totally discount it yet. Be cautious but also watch out for signs of a mild rebound. I'll be eyeing the warrants this time. Right now their premiums aren't too high as previously, so there is potential for some money here when there's an upswing momentum. Plus the potential to lose some money too, of course:-)

But whatever, it will be interesting to see how it fares next week. Remember the T+3 which KC Loh mentioned. There might be many lots from Wednesday and Thursday which traders had held on to, hoping for a rebound. But time is running out and their remisiers will do the selling on Monday and Tuesday if these aren't picked up. However, if the price generally holds, then this will be JCY's new support line for a base to form.

kcfan - Yeah, that is the dampener and the factor that had started the sharp fall. Investors are led to the logical conclusion: "If the last quarter has reported lower profits, and with demand for HDD parts declining, then the next quarter will be even less profitable. A loss is possible."

Makes a lot of sense and the market is factoring in what it expects of the future quarter. But I feel the market price correction has been too sharp. Then there's the panic selling factor. As such, regardless of the possible lower profits (or even loss), JCY's price is a bit on the low side. This creates the *possibility* the market will rectify the discrepancy in the near future. Okay, 2.00 may no longer be a valid TP. But what about something lower... like 1.40 or so?

And as we have seen in the past few months, JCY is a very popular counter among traders. True, many had lost money due to this fall. But I believe they will still keep tabs on it, and jumping back in when they feel it could be on an upswing again.

Just my opinion and personal speculating without any technical or whatever analysis to show. So don't bet your house on it:-)

That's the power of warrants, regardless of Call or Put. They are a great alternative to the mother shares, giving a lot more bang for the buck. In many cases, one can just forget about dividends - if we can make more from dividend-less warrants, then why not? But there has to be balance and some caution must be practised because they can be really painful should the market move against you. And you can't wait it out as with ordinary shares due to the expiry dates.

I'm hoping there will be opportunities to make a few ringgit from the JCY call warrants next week (I think the likelihood of it going up is greater than sliding down. Even if the latter is the case, 1.00 is a very very strong psychological support). The weekend will give us time to do some research and thinking about the various warrants. If there's even a modest rebound to the higher teens or 20's, they should easily add 2 or so sen (for the ones price above 10 sen). 0.005-0.015 for the sub-10 sen. But with warrants, you'll have to be decisive and fast in making buy and sell decisions.

@Genius GS - *If only* (one of the oft-repeated phrase among traders in the stock market)... you had made that comment earlier. I had totally forgotten about the HA. But it's also because put options don't seem to be understood by most traders. That was one great opportunity. Would have easily gotten it at 0.06.

There's another strategy that I'd like to share here. It's a good idea to have 20% of your capital unused in preparation for "Lehman Moments" or abnormal events and try to capitalise.

These don't have to be too earth-shaking; just events where quality counters (or those with potential) suddenly drop due to market sentiments. The JCY slide qualifies because the steep drop isn't really because of business fundamentals (as far as I know). Did it report a big loss like MAS? No, it only reported a lower profit than the previous exceptional quarter... and the price got hammered! When there's panic selling, it's reasonable to expect the price to recover in the not-too-distant future.

This is where the 20% `emergency use only' capital comes in. By having it, one will have a lot more confident. And the luxury of waiting if things don't immediately go your way. Can't do this if it's a contra trade.

Even if you don't have your own cash, an undertaking from someone who trusts you is good enough - wife, parents, siblings etc... people who won't break your legs or throw red paint at your house should you be a bit late to repay. Make it clear that it is short-term borrowing (of 6 months or so)... and repay within the period because it affects relationships and our spiritual self.

Just to make it fair and sweet for your creditors, give them 20% of whatever profits that you eventually make. That's extremely reasonable because *you* will be taking all the risks while they will get back their original sum, at the very least.

Based on experience and observations, these quality counters will eventually go up. But you will have to force yourself to be brave and buy when most people are selling and fearful.

@rookiemy - Actually, you had indirectly helped. Your opinion last night had strengthened my own thinking about JCY. By the way, I still feel a TP of 1.40 is achievable.

So why did I run at 1.17 and not stick to my belief? That's because I have a sort of `Standing Order' - if a counter goes up within the contra period, I take it as a sign to take the profit, small that it may seemingly be (11 sen gross). I've had those moments before where profits slipped away because I was hoping for more. Oh, I'd wait if a counter has been picked up. But not with this particular trade.

My second rule is to try and sell on Fridays whenever there is a profit. The weekend - we don't know what can happen in the duration. Remember the JP Morgan `London Whale' in May? It was on Friday/early Saturday morning Malaysian time, and it affected sentiments everywhere. Another thing - JCY is volatile like a firecracker. I'd rather throw it after seeing the fuse burning than to wait for the last-split-second for the trills.

But to quote "The Terminator": I'll be back... should it slide below 1.10. Or when it's clearly going up. This isn't Cybert - JCY is a profitable company that gives dividends.

Goodbye too. Had thought about picking up but since it went up immediately today, I'm not going to push my luck. A small gain is better than getting my capital stuck. But best of luck to all of you - I hope it goes up further so that those who got stuck can unfree themselves. Or at least significantly lessen your losses.

Seems to be rebounding. Steady steady... If the momentum starts, it will rise up to a more reasonable level.

You'll have to pay a bit of a premium coming in now. But I'd say it's definitely not too late. Buy on weakness...maybe early next week. I think it is building up a base for the next push upwards <--[helping to promote this counter so that it will go up further and give me more profit:-) ]

Unfortunately, it doesn't seem to work like that with many investors here. I've seen the HA going up when the mother rises. That's crazy!:-)

Obviously on a downtrend after those exciting weeks when it climbed up from 1.55 or so to almost 1.90. Every counter has to undergo this cycle. This is also one of those "political risk" counters. Let it undergo the correction first. Then we buy and wait.

Reported at BSKL site yesterday:
From RM799,000 in preceding quarter to RM1,267,000 in last one on better revenue. Earnings per share doubled to 0.4 sen.

Although this isn't spectacular by any standards, it is nonetheless very reasonable and encouraging. This is the "slow and steady" kind of counter which requires patience. But whatever, it deserves to be priced significantly higher than its par of 10 sen. After all, this is a profitable company. The same can't be said of many ACE counters.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1044457

Very good volume today. Where's @richman? Are they reporting a better quarter?

@richman - The big wheel is turning:-)

Steven: Thanks very much. This very information in one screen has helped a lot. Usually, I'd be with a calculator with all those dreary ratios and whatnots.

This message comes out: "This content is currently unavailable":-(

@rookiemy - Your analysis makes sense. I think JCY is grossly oversold and a rebound, regardless of whether it is mild or better - looks more likely than it sliding down much further. Don't forget that the last quarter didn't report a loss but actually profits. It's just that it wasn't as good as the previous one. Remember, too, that it's a vast improvement of the y-o-y quarter which was a loss. It's possible the next quarter might report even lower profits. But financial year-wise, its balance sheet will still be in the plus.

As for its operations, I'm sure management is already taking steps to ensure that its lines and workforce are efficiently used, taking into account the projected lower demand for HDD parts. I don't think that it will be lower than 1.00... unless if major shareholders dump their shares.

At this level, JCY is worth the risk and I think 1.40 is achievable although I might have to wait until the end of the year or a bit later. Too bad I didn't come in at Namoyaki's price of 1.08. But at least I have the option of first seeing what happens tomorrow:-)

prime57 - That's tough to answer and it's also dangerous to give opinions which people might act on... unless if it turn out to be correct:-) Only time will tell with this one. So, remember - this is just my opinion, and I've been wrong so many times before.

If it's of any comfort, I'm actually eyeing the warrants, including CI. I have to check in The Edge tomorrow about its present premium (or discount). One good thing about it is the strike price of 1.25 which isn't that far away. If there's a rebound, that will be easily reached.

But the minus are: 1) expires 17/12/12, which is less than 4 months away. 2) Mother share is in a downtrend 3) Possibility of mother and warrants going down further

Your buy price at 0.21 - perhaps it's a bit late to cut loss. In that case, you will have to try and make the best out of the situation. Sell now and you *will* make a significant loss. But the worst is *probably* over - even if it slides further, it will not be like the panic we have seen today. So, if you hold on, and if there's a rebound, the loss will be significantly less. Consider averaging down by buying at the lower price. BUT - and I emphasise this - do this only when it is going up. If not, you will end up with TWO buys with losses (instead of just one).

This is just my opinion, given in good faith.

Some years ago, "buy and hold" might be the better way to go. It still is with some counters - the telcos especially. But the market has become volatile since a few years ago. There are still opportunities but prices now tend to slide back after rising. I've changed my general strategy to this one also - hit and run. When there's a profit, rather than wait for more, I'd tend to take it and move on to the next potential. Or have the capital at the sidelines while waiting for something which I think has the 3:1 Reward-Risk factor.

Despite the sharp drop, JCY and Cybert are two different situations. With Cybert, there was absolutely no real reason for it to shoot up from 30-something or so sen to 2.00. It went up with a very shaky base and the drop wasn't really a surprise although the sharpness and swiftness of this were.

JCY's rise over the last few months was justified, especially with that brilliant quarter when it benefited from Thailand's floods. The TP of 2.00 was actually viable... if it could maintain the performance. But it couldn't. Its immediate price will be determined on how investors see its potential for the current quarter. Year-on-Year, JCY is doing better so far. However, the TP has to be changed. I think there will be a rebound - a mild one, until people figure it out.

Kenanga's Alex Liu got it right with his "Tipping Point" post which came out on Friday 17/8/2012, just before the long weekend. Although he didn't directly say "Don't buy", the message was clear:
http://nexttrade.blogspot.com/2012/08/jcy-crossed-tipping-point.html

This is good. It didn't drop as I had thought. Now 0.25 is the new support line while building up the base for another push upwards. Hope so.

JCY's call warrants - these should be considered if one is betting the counter will rebound.

Most of the other counters seem to have gotten quiet. Everyone is watching JCY it seems.

Congrats to Genius Y and those who had bought the HA warrant. Sigh... if only your post had come earlier:-(

My gosh! This is panic selling! 1.10-11

There's always the possibility. But I feel it is more likely to rebound a bit. It has gone down a bit too much today, in addition to yesterday's loss. The seems to be a `mini-panic' among contra traders and that they are cutting loss and driving the price further down. There is an oversold situation, I think. But if the major shareholders are also dumping their shares, then it will definitely go down further.

Hope it rebounds a bit and force the HA warrant sellers to give these at a more reasonable price of 0.06/065. Right now, they are quoting 0.085. Too expensive.

Genius Y - Thanks for the information. You have given us all another option in trying to make some money. If one feels that the likelihood of JCY sliding is more probable than it going back up to the previous 1.50-60 level, indirectly shorting the counter through HA looks like a very good idea.

There is now interest in it - the range today is 0.055-0.085, although it could do with more volume. But this will likely come about when more traders learn about it.

You are right about its previous price range, of around a year or so ago. This is something which traders should note - there was that time when JCY was below 1.00. It was only after that very exceptional quarter that it climbed up and up. Unfortunately, it couldn't repeat the same in the recently announced quarter. What will the numbers be in the next one? There's a strong possibility it might be less.

The very popular JCY seems to have lost its aura among traders. The HA warrants are looking like a good bet. However, it would be prudent to pick up and not contra due to the current volume.

The put warrants ("H") that are supposed to be for traders who want to short a counter - It's a very useful option, especially when we feel that a counter is going down and we want to profit from it. But do our traders really know about its functions? The H warrants are supposed to go up in price when the counter goes down, and the other way when the mother share goes up. But most of the time this doesn't seem to be translated in the H warrants!

Namoyaki - How do you know I read a lot??:-) But yes, I do - must keep my mind fully occupied and stimulated or else life would be so dull. As for JCY, things had been going so well until recently, after that last quarter report. The profits are actually still okay but since investors were expecting levels of the previous two quarters, they are bound to be disappointed.

The situation is further compounded due to its popularity with contra traders - when they cut loss, the price will slide further. It will stabilise once these contracts are settled or liquidated.

But what I'm more interested in is JCY's near-medium term price potential. Now the TP of 2.00 is no longer possible - at least not in the near future. Therefore, we will have to adjust accordingly by lowering the bar - to 1.50 perhaps? Will have to wait a bit for things to settle down and let it build a solid base first.

DUnkin Lau - I agree with Namoyaki, and I have been in a similar position before with YTL Power, MRCB and Mudajaya a few months ago (the first two were slow slides though). That's why I try not to buy unless I have enough capital to pick up should things not go my way within the contra period.

With companies that have potential, they will go up again - it's a question of digging in and wait. However, when averaging down, it's better to do so when it's on the way up again. At present, its direction is not clear yet.

Omigosh! It was only one sen down when I left the house to come to Subang 2. And it's now 1.24!? Didn't expect it to slide below 1.30 that fast.

@Jjtrader - Yeah, at that price, I think the downside risk is much much less. Maybe I'll join in with a few lots. If it rebounds to 1.35 or so, then we can both laugh:-)

If JCY is confirmed to be in a downtrend, it would be foolhardy to come in and buy at this moment just because it `looks cheap'. As we have seen so often, cheap can easily become cheaper. There will be some sort of a rebound but it might be mild - not enough to be withing the 3:1 reward-risk ratio. Perhaps it is wiser to just wait and see first.

Couldn't make a decision today when it was at 1.36, which was fortunate as it turned out. My wife wanted to go to the Bookfest at KLCC, so I had to leave the trading screen.

By the way, one of the books I bought was, predictably, "How to Make Money in Stocks: A Winning System in Good Times" by William J. O'Neill (RM67.80 with 25% discount). It focuses on how to interpret charts plus comes with other useful basic and sound tips. Am only at page 113 of 441 so there is still some way to go before I can say how good it is. But so far I'm pleased enough with what the content.

As for JCY - let's see how it goes tomorrow. But one thing about it based on the past few months - this is one of those counters that doesn't give much clue on whether it is going up or down. I wouldn't be surprised should it rebound tomorrow. Or slide further to 1.30 or even below. JCY is so volatile!

Despite the Malaysian Insider manipulation and fiasco for those who had jumped in to buy E&O and its warrants (especially the dead duck CA which expires at the end of this month), I think there is some potential for speculators.

For one thing, business-wise it is not pricey and one investment bank's TP for it is at 1.90 or so. There is the possibility the minority shareholder who had brought the MGO matter to court might actually win (when is the hearing, by the way?). So, should this happen, E&O will definitely go up significantly.

Secondly, one also can't totally discount the possibility that Sime might make a GO for the remaining shares. After 6 months, it need not offer the same price of 2.30. Despite being lower, this would still result in the counter going up... provided it isn't lower than the prevailing price, of course. "But why would Sime want to do that??", you might ask. I don't know; am just speculating:-P

Anyway, I don't see myself buying it anytime soon. After all, there are better counters to put my money in. But I'm keeping an eye on it in the off chance that I could make a few ringgit should there be some interesting development.