We need stories to push up stocks. We need runners to spread the news to ignorant public. We need to convince others about it. Once the whole herd believe in the stories, it is easier for the stocks to move. That is creating sentiment.
Genneva gold? Scam? Really? How bout stock market? Logical?
"A friend of mine decided to get into the stock market and called his broker. “Buy me 10000 shares of Amedia.” And sure enough he bought and the price went up. He says, “This is great. I’m making money.” He picks up the phone three days later. “Buy me another 10000 shares.” The price goes up again. And this goes on for weeks and the price is mounting and he’s building a huge block of stock in his portfolio. My friend says, “You know, I have gotten to the point where I don’t want to be too greedy. I want to sell.” He picks up the phone, once again to call his broker. He says, “Jim, I’ve had enough. I want you take all my stock and sell it.” The broker responds, “To whom?”"
AMedia : This is one crazy ride ... I was chatting with my group, it dived to 0.70, quickly I grabbed 0.725 and parked 0.78 ... then chat with them and they told me, CP ... your 5kunits at 0.78 done! Arghh ... oh no, it went above 0.80 ... count-down ... 0.85 ... 0.90 ... shoot me!! I gained enough for dinners tmr. That is stupid punting, I admit. When I was chatting with them, it was at 0.73 levels, ok? Haha ... now, it is at 0.87.
The above blog
Finally, everyone in the market talks about AMedia. I do not buy into her as it is in ACE-market.
Obviously the big boys are at work at AMedia. That the stock plummeted immediately after bullish news such as bonus issue, free warrants and going to the main board, is a clear testimony to that.
Traders who follow sound trading principles should have gotten out of their position at around RM1 when the downside breakout occurred on the Oct 3, 12. Those who bought at above RM1 and averaged down are the ones who really got slaughtered. Pity them!
The Securities Commission (SC) would be failing in its duty if it fails to investigate into all the selling. If there were manipulation and insider trading, those who made millions at the expense of others should be punished.
SC should do everything to protect the naive and the ignorant.
Yes, it is obvious the moment the rumours out that it will be moved to main board. Then, someone started to 'promote' it. I do got the alert around 60cents. It is a ACE-counter, I do not like such counters but we all know the market operators involving. SC? Well, even with UMA ... it still ignored and moved higher.
Yes, traders would have cut-off when the support broken. We DO NOT avarage downm certainly not for such stocks. Heck, people telling me about their good profits and good FA(remind me of RA, an accountant told me she is a good FA stock!! I was like ... wat? haha).
No one could tell how low AMedia could go ... these stocks could not be traded using TA, but those hardcore TA kakis will try to convince us with those technical signs that is is reaching the bottom.
With bonus 1:1, it will be adjusted and more rooms for some goreng-ing. And the warrants? We shall watch.
General rule in trading, take a trade with a trading-plan. Be discipline enough to carry out our plan!!
My sharing will be simple : Do not trade what you don't know. Ignore noises.
first of all, MANY mis-understood TA very much way off. TA could not be applied to MANY stocks in KLSE. So, we placed CRITERIA and CONDITIONS for trading using TA. TA alone will NOT work, and AMedia failed MANY of my conditions for even trade her. It is too speculative, in short. But can I trade her now. Yes, there are opportunities for punters(experienced one) to move in as many more losing money. So, we follow the the movements of so-called syndicates, then we could be able to trade her. The risk is too high ... and trust me, if u REALLY an experienced traders in KLSE, you will know TA will not work. Those using TA for such stocks, u need to ask them honestly if they take the trade?
I do trade with TA for my stocks and satisfied conditions very well. Thanks you. But, that needs beyond TA ... again, perhaps you need to ask more experienced ones. Learning TA will help a lot ... but NO ONE could time market, giving an edge is what we are looking for.
I am not against those trading using TA. But, we need to know when it works, and when it doesnt. We have to accept reality.
If TA works well, then many traders learning those TA must be profitting well? ASK them honestly, if they want to be honest.
So, are you personally using FA or TA or mixed of them? Or perhaps just buy simply because it is 'hot' or someone told u so?
Be honest, be real. Then ... be in markets for 5-10years. Be there to learn ... then, u tell me when TA could works well, when it doesnt.
Thanks for pointing out. I am not a technical person. ALL in my groups knew about it as I am being honest with them.
Let me summarise cp wise words for u guys 1. TA will not work 2. I do use TA to trade 3. U go ask experts whether TA will work or not 4. U ask me whether TA will work, I ask u to tell me back TA will work or not
winny, in the last two weeks you would say market condition good fair bad ? to me its good. for amedia, TA don't work at all irrespective of market condition.it is now called speculative sticks. otherwise many here would not say try, park low, hope for re bound etc
To me,last 2 weeks market only so so becos prices of many counters didnt move and dropping counters were most of the days more than rising ones. Afa Amedia is concerned,i think its tail end dropping becos further droppings will drive publics confidence away,thus when synds playing up there will be no support. Moreoverthe CEO may mean something when he said the drop is temporary..he needs to pop up the price with year end coming due to meetingvup with collaterals with the banks which i think should be very much higher. Hope my assumption is meaningful,tho i m not expert,just my 2 sen worth. Good luck to all holding Amedia,actually a good financial earning counter,worth buying now for keeps.
Ben Gan is right in saying the SC should conduct investigation into the selling down to protect the naive and the ignorant. Let us all write to SC to do what Ben suggested..it will respond unless the SC staff also had a hand in the play.,hopefully not.
Funny reading this.. but i like.. please continue as i am enjoying.. =D as TA "practicer", i would love to add on.. if you find TA is not working to you in a swing market, means that is something wrong with ur skills and knowledge.. excluded(external factor especially world crisis, bankruptcy)
correction to tonylim: amedia= you can find signal before the free fall.. i even posted about AMEDIA, 1-2 days before it fall..
Just dont misguided newbies about TA.. All the best..
Just to share with you what John Bogle said below: “In 30 years in this business, I do not know anybody who has done it successfully and consistently, nor anybody who knows anybody who has done it successfully and consistently. Indeed, my impression is that trying to do the market timing is likely, not only not to add value to your investment programme, but to be counterproductive.” John Bogle on market timing
TA followers, don.t hantam me ah. This is what John Bogle said, I just agree with him only.
alwinsywd0520, it is better to avoid this stock. You are hoping for a rebound. It might be possible but the risk is still there. It has been a falling knife for the past 2 weeks and many people were injured.
Other stocks that had suffered the same fate include INGENCO, CYBERT, TADMAX, JCY.
Take a look at their historical charts. If you decide to punt Amedia, play play will do. Good luck.
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Posted by chongkonghui > 2012-10-10 09:39 | Report Abuse
Is OLDTOWN another story many being sucked into?