Aiya, kalau untung semua diam-diam maah.... takda masa buat bising.
If price keep going down then cannot do anything only can make noise maah.
Hahaha!!

------------------------------------------------------------------
KAQ4468: Aiyooooo ammaaaa appaaaa

When price dropping like waterfall , this counter very hot


But when price going up , all sunyi sepi already masuk gua
15/10/2019 11:41 AM
------------------------------------

Hahaha! Those waiting for RM1.50 missed this small opportunity to gain 3.64%.

Yesterday & today's candlestick may form a bullish harami as predicted by Maria.

Yesterday's black candlestick with a higher high (RM1.71) and a lower low (RM1.65) than today was the required set-up day and followed by today's shorter white candlestick (high RM1.70 and low RM1.67).

The predicted bullish breakout could happen next week.

Bullish harami is not possible today or tomorrow. Close with hammer is possible. We already have 3 dojis on past 3 days (good sign of reversal coming) and if close with hammer today will further confirm coming reversal. But tomorrow.... everything can change for better or worse.

Hahaha! This morning sharks wanted to goyang people's telor (those weak one will pecah). The bullish harami may still be possible in the afternoon or tomorrow.... anything can happen (hehehe).

If volume can reach at least 10 million and close today at RM1.71 then ada harapan lah.

@Vulture123, sell Parkson ASAP (and maybe also sell STAR) and buy AA and Genting Bhd (Genting Bhd owns 40% of Genting S'pore). I have a feeling Parkson is going to close shop next year when recession deepens in Malaysia. We already witness Giant supermarkets large scale closing (and I think the Store too but in smaller scale).

Parkson may close shop just like Giant supermarkets. Parkson no dividend for several years already & price kept going down lower & lower for past 10 years (really hopeless).

I think those who can hold for a few years should just hold onto AA because its dividend yield is 7% and P/E ratio 3.34 (at that rate, AA will not fall too low even during bear market).

@Mabel, when the bear market actually sinks in.... the KLCI could drop to as low as 1,100 and stay down for around 18 months; AA could drop to around RM1.30 (all these figures are just my own estimates.... no guarantee, my estimates may not be accurate).

Of course, we can still make some money from AA for a few more months b4 this bear market disaster started killing traders/investors.

16% or 17.75% correction of the KLCI could be just the starting point.... it could drop further another 20% when the bear market actually sinks in (probably in 2020, as what most experts think).

It looks like the PH Government has initiated this 17.75% correction (and soon to be bear market) since it started its 18 months government (what a coincidence)!

If u take the KLCI peak of 1,895.18 on 19 Apr 2018 (3 weeks b4 GE14), it has been downtrend all the time for the past 18 months dropping to 1,558.78 now. That's 336.39 points drop, i.e. -17.75% correction.... if drop another 2.25% then this 18 months downtrend will officially become a bear market. So, yes.... I agree with freddiehero that what KAQ4468 has been waiting for (to happen) has already started.

O.K. AA lai liaw!!

The volume has been increasing during the past 3 trading days (today is the 4th day) but the price went down a bit.... not so good leh.

With this high volume, if can close at RM1.70 then good lah.... otherwise it won't be good.

RM7.20 now..... likely to go lower (probably RM7.05 soon).

Wah! Today PCHEM jiak lat oh.... open 8 minute only already drop 15 sen! RM7.20 coming!

I already said it will drop to RM7.50; this seeming "support" at RM7.50 also doesn't look like it is going to last long, especially when EPF keep hammering down with disposals of 1 million or 3.9 million shares almost on daily basis.

RM1.80 or RM1.81 support already more than 1 month (so, its quite a strong support).

Hope it will go all the way down back to RM6.95 (can start buying back from there & downwards).

It could not even reach the weak resistance of RM7.86; how can it then reach RM8.50? Looks like the technical rebound is over; especially with EPF's continuous heavy selling, the KLCI staying below 1,600 (may keep getting lower) & a likely bad QR coming up soon. Well, of course for some people they will view this as a discount to buy more (not my recommendation... because we don't know how low it could drop). Make own decision, take own risk & reap (huge) profit if u get lucky or lose big if unlucky.

--------------------------------------------------------------
risktransformer: There is a weak resistance at RM7.86 (it may be possible to break above this) and a strong resistance at RM7.98 (price may get stuck around RM8.00, so any further upside may be limited). For trend followers, this spike in price currently look more like a technical rebound rather than a clearly established uptrend (although it is possible for this technical rebound to turn into a real uptrend if the price keeps going up). Entering at current price is at high risk of getting trap should there be a reversal in price movement later (looks likely). Trade at your own risk.
17/09/2019 6:45 PM
-----------------------------------

Now heading down to RM7.50; not to RM8.50 (not so soon).

@Philip, my statement (about holding HSBC & pieces of land) was not meant for your learning (any way, u don't seem to be a willing learner because u consider yourself to know better than others). My statement was just to dispel your many false assumptions/stereotype about traders. From your recent postings which mentioned traders & their "hocus pocus" methods, it was clearly shown that u have this stereotype misconceptions about traders/trading. Please stop replying my post & I will stop replying your comments too. I really do not wish to go into further arguments with u. Thank you for all your good intentions.

@Philip, FYI, I am both a long term investor as well as a trader.... depending on which market I am in. For example, I have been holding HSBC Holdings PLC for 20 years (I also hold several pieces of land for 30 years). But I find holding stocks in bursa Malaysia long term seems to be a losing proposal. And about showing their portfolio.... not everybody is comfortable about boasting their past losses or successes. Please respect their individuality.

bursatrader2018's description of traders is realistic (I can fit in nicely to his description of a share trader) unlike Philip's descriptions of traders which were aimed at hitting "below the belt."

There are many sharks (operators or syndicates or whatever u want to call them) and proprietary day traders (PDT) that are fabulously rich but they don't share their trade secrets or report their wealth. These people are definitely not long term investors.... they are speculators/manipulators and day traders.

There is a weak resistance at RM7.86 (it may be possible to break above this) and a strong resistance at RM7.98 (price may get stuck around RM8.00, so any further upside may be limited). For trend followers, this spike in price currently look more like a technical rebound rather than a clearly established uptrend (although it is possible for this technical rebound to turn into a real uptrend if the price keeps going up). Entering at current price is at high risk of getting trap should there be a reversal in price movement later (looks likely). Trade at your own risk.

If that is the case, then 2 weeks later 999 loh (u think possible or not?).... hehehe (what an interesting way of reasoning).

-----------------------------------------------------------------------
PotentialGhost: 777 one week later 888

Market is always right , market always kill idiot and feed smart.
17/09/2019 5:29 PM
------------------------------------------

Those who are willing to hold more risks for longer period (several years) will tend to make more profits (however, no guarantee.... may lose more instead) and those who take smaller risks for shorter period (short term) must be contented with less profit (however, this can be compensated by more frequent profit opportunities).

It looks like PCHEM is heading towards RM8.00; anyway, the entry risk is very high at current price (RM7.72).

Hehehe..... I also don't like this kind of sudden jigsaw movement (very unpredictable & risky).

It will take the Saudis a long time (definitely more than 6 months) to fix its oil facilities but Russia & other OPEC countries will definitely pump out more oil almost immediately to fill the vacuum left by the Saudis as well as to take advantage of the spike in oil price (eventually bringing down the oil price again) while thee challenges of the petrochemical industry remain unchanged in the coming quarters.

-------------------------------------------------------------------------
mobidick: Sudden reversal looks more like a reaction due to oil price spiking up. If that is the case then its unsustainable. Could be related to the saudi oil plant shutdown. What if saudi able to fix the plant within this month? Oil supply stabilize so oil futures price drop back down? So pchem back down? Very likely.
17/09/2019 11:44 AM
------------------------------------

I think Sslee is wise to take some profit.... this is not about chickening out or trying to be brave. It is like planting rice: there is a right time to sow the seeds & a right time to harvest. Well, of course, for some other plants like the durians, u can reap the fruits for several years (but still the durian trees won't last forever). For PCHEM, it is good to keep in mind the many challenges in the petrochemical industry while taking advantage of some short term events like the bombings in Saudi Arabia.

@Philip, u r making wrong assumptions about me again.... please stop doing that.

I am not a young man; I am retired (as an employee) like u & trading full-time. I am not "trying to find my ways in bursa" (u r really looking down on me in this case)... I have almost 20 years experience in the share market; I also have a Professional Diploma in Banking & Finance (nothing to boast about this but just so that u know I am not investing/trading without doing any research in companies).

I am sorry that u can't understand how EPF could consistently do heavy selling over several months (or several years) & still maintain its roughly 600 million shares. I have explained how EPF did this around 7 or 8 months ago and I will not explain it again. I can see y u think my comments have no grounds since u don't seem to be able to grasp how markets work in a comprehensive way.

---------------------------------------------------------
(HK1997 again) Philip: Hi risktransformer,

I think you are a hard working young man, but I think you are still trying to find your way in the bursa investing world which is definitely not easy.

However, sometimes I do wish investors spent more time to understand exactly why PCHEM share price went down in the past months, is it a permanent drop in business fundamentals causing the share price drop it is it a temporary volatility in price. That would be far more helpful than being biased on people and business.
16/09/2019 4:55 PM
------------------------------------------------

@enigmatic, if u put it that way then I agree that "dumb dumb hold" is the right investment method for u & it may not be risky for u provided u stick to this method no matter what will happen.

When I said it is risky in the current market environment..... let me illustrate a bit. The KLCI (a representative index of the market as a whole) is currently around 1,600 and has dropped 15.5% from its recent peak (so we r only is a correction.... not yet in a bear market). Should the market slide into a bear market due to US-China trade war, Brexit & EU recession as well as a very likely recession in Malaysia (most analysts/experts think it will be in next year) then the KLCI would easily drop another 35% (I am only taking 50% drop from the recent peak..... but it could drop as much as 80% in a severe recession/bear market). Admittedly, at RM7.00+, PCHEM is already a beaten down stock but that does not mean it would not drop further. It could drop to a very much lower price especially when the KLCI (market as a whole) drop anther 35%. If u keep holding onto PCHEM even if it drop another 35% or more then u will be fine (because it would eventually rise back to RM7.00+ after the recession/bear market is over. The risk lies in the fact (based on statistics) that majority of small shareholders (a.k.a ikan bilis) tend to sell off their shareholdings when they see the price keep falling daily for 1 or 2 years (like falling into a bottomless hole).

-----------------------------------------------------------------
enigmatic [Breaker of Speculative Investing]: @risktransformer,
For me, it's risky to place your hard earned money to bet on short term or daily price change, which is why I believe buying Pchem has to be seen as a longer term measure to reap a higher profit. I think Pchem is a beaten down stock which is still good, but sucks if you use technical analysis. HODL-ing it for a year would at least beat FD returns, despite still shaky in terms of price volatility. "Dumb dumb hold approach" is for people who don't need to use the money in the short term, because they aim for a longer period of time, so it's not really risky for me.
15/09/2019 10:38 PM
-------------------------------------

I don't do all those things listed by Philip about short term traders. I think Philip was making too many assumptions about my trading methods. FYI, I monitor around 13 stocks diligently (including looking into their fundamentals) and only trade on 3 to 5 different stocks at a time. I don't rely on charting & pattern only as assumed by Philip. Even though I monitor price changes daily (in fact every 10 or 15 minutes) but I don't do day trading. I won't explain much further because every time I explain some things in detail, Philip and his followers would start attacking me..... just like 7 or 8 months ago when I explained how EPF's consistently heavy selling would bring down PCHEM's price & cause many people to lose money (at that time PCHEM was around RM8.50 to RM9.50).

-------------------------------------------------------------------
(HK1997 again) Philip: I am sure there are many ways to make short term profit, by feeling //with high volatility in profit and loss. However I have been investing in the stock market since 90's. During the days when you could easily day trade, short, buy options ( yes bursa used to allow you to buy and trade option contracts), I used to buy single stock futures, options contracts and go every which way. I had many sifus back then ( all gone now). For almost 27 years now, I have realized one simple fact.

But how can buying 40 stocks which business you hardly know about ( but trade based on hocus pocus like trends and patterns) make you successful. I tell you truthfully, in 27 years of investing, I have yet to meet a sifu who is willing show you his charting results that work long term. Why is it that billionaires like Warren buffet, Ken fisher and ray dalio willing to write books and show you their results while no one who uses charts and daytrading and patterns even willing show show you their 20 years returns?
14/09/2019 10:14 PM
---------------------------------------------------

@enigmatic, it doesn't has to be "viewed from yearly perspective" ONLY. U r free to view it from different perspective, whether it is yearly, weekly or daily. There is no ONE way that is right to profit from any stock (including PCHEM). It all depends on your personal objectives, taking into consideration your age, the amount of capital u have, your monthly income (from other source), and your level of knowledge & skill in investing/trading. This forum should cater to all different types of investor/trader & I don't think it is right to insist that the ONLY way to profit is to "buy & dumb dumb hold." Personally, I think it is very risky to stick to "dumb dumb hold" strategy in the current market environment.

-------------------------------------------------------------
enigmatic [Breaker of Speculative Investing]: Profiting from Pchem has to be viewed from yearly perspective, not daily. Buy at RM7+ now and HODL until RM10. It takes months, probably years, but ultimately Pchem will make us wealthier.
13/09/2019 5:43 PM
--------------------------------------------
14/09/2019 9:44 A

To answer your question, in the case of PCHEM, EPF's fund is managed by (both buying & selling):

CITIGROUP NOMINEES (TEMPATAN) SDN BHD - EPF BOARD

--------------------------------------------------------
(HK1997 again) Philip: I admit! So what does this have to say about PCHEM. If EPF seek then it is a bad stock? If they buy then is a good stock?

So which EPF find manager disposed, and which EPF find manager acquire. Do you know? I certainly don't.
------------------------------------------

Heading back to RM7.20

Those ikan bilis who bought at high prices yesterday already kena trap now...... with super low volume & price going down steadily, long weekend holiday (Monday holiday).

Hehehe..... if PCHEM's price shooting up then nobody can win argument with Philip but when the price keep dropping to historical low then Philip disappeared from forum for a long time.

Alright, looks like the transaction volume is slowly building up & the price still climbing up.

I think RainT has given very good caution (about bad QR coming soon) as well as good reasons y the price is surging up. I can agree with RainT on many points that he stated.

Hehehe..... I am more like mobidick, suspicious a bit about this sudden surge & don't want to be too greedy, make a few percent profit o.k. lah, let other people continue dumb dumb hold loh (good for them loh.... they can make more profit, wish them good luck).

@mobidick, that fund firm who purposely jack it up (to dump at higher prices) must be EPF/Citibank (EPF's fund manager)..... look at the recent EPF's Bursa announcement & u will see y I think that is the case.

------------------------------------------------------------------
mobidick: The way the gain increase, the speed. I never like this type of increase, always as if some fund firm purposely jack it up. I want to keep pchem but not like this. Ok la 6% gain and exit before pullback.
12/09/2019 10:37 AM
-------------------------------------------

@enigmatic, both of them cannot be trusted...... they have both been very wrong about PCHEM.

-----------------------------------------------------------------
enigmatic [Breaker of Speculative Investing]: Trust Philip or Calvintan? It's obvious, isn't it?
12/09/2019 12:36 AM
-----------------------------------------

Good morning everyone! Hehehe..... this sudden surge in price is suspiciously on very low volume & it looks unsustainable (I mean the price up may not last long). So, be careful..... those who want to cut loss or take profit, now is a good time to do so (do it at your own risk).

Hehehe.... fantastic!!

@Chokhmah, sorry for u..... I already said don't cut loss at historically low price; if cut loss when the price moved higher to RM7.30+ then o.k. loh.

Hehehe..... already broken above RM7.00 (briefly) as I've predicted.

Nobody is preventing banks from going into airline business..... so y must prevent AA from going into virtual banking? Anyway, banks are also allowed to go into virtual banking.... so, it is very fair. Anyone (banks or not) who has the money (capital) and tech expertise should be allowed to venture into virtual banking.... that's what fairness is all about (no unfair restrictions/monopoly by conventional banks).


---------------------------------------------------------
i3lurker: Air Asia should not be allowed to get a virtual bank license as it is very unfair to existing banks. A virtual bank license is worth a minimum RM500 million. Banks do not become airlines so airlines should not become banks too.
01/09/2019 12:42 AM
--------------------------------------------