When I warned you guys of March correction, I meant it. People only want to listen to good things but not reality. Be careful... Ukraine / Russia / US conflict might just be the trigger!
Talk is cheap and as far as I can recall you leslie have been talking about your bear harami since Mpay was at 17 sen and now still short trading @ 25 sen. The shock and ramifications of war anywhere is never a good thing to the stock market thus the market has capitulated intra day but recovering slowly. Unless the situation escalates I would like to hold my position thank you very much unless are you telling me leslie and bull13 you guys have a hotline to Putin?
Lets all pray that the tensions in the Ukraine will be resolved peacefully over the next few days for more importantly precious lives are at stake not just the stock market. The shocks of war has always been buying opportunities for good stocks for those who can buy deep confidently over time.Leslie and bull13 do you have the guts to do that on any stock or just talk all day bros??
Touched a low of 24 sen at 9.43 am now rebounded to 25.5 sen 10.10 am 03/03/14 because of the tensions in Ukraine.
Madiba. A prolonged crises is never good for the markets. As far as Russia and US are involved in the Ukraine crises, the uncertainties will make investors jittery. In 2003 we saw the same thing in the Iraq crises. Yes Mpay may reach 0.32 like you say but it can also go down to 0.18 before it does. Don't get caught when the troops exchange fire while you are sleeping!
No worries Bull13 thanks for the advice. Since I have no control over the Ukraine other than just pray for a peaceful outcome and hopefully no deaths in the crisis there, all I can do here since I am a value investor is to continue to buy on the way down if it drops to 18 sens like you imagine. To me any selling spike from this tension is a buying opportunity unless the market crashes below the 1800 level due to the escalation in the Crimea region. Index now 1822 level, down 13 points intra day.
You guys sudah jual ar? You seriously believe in those lari lari capati cross meh? those charts does not seriously tell you about the dynamics of the 'current' day trade one oh…who's in who's out! given the prospects of this counter, i picked up some more at 0.25 today.
Nobody will fight la, just a knee jerk reaction by small fishes while background accumulation at low end prices is on going lo…Russia exchange fell nearly 10% today, ruble fell 2% already until central bank has to raise interest rates by 1.5%. Sampai bila did orang boleh than??
ya, agree to Shinren, don't forget the Syria case, US aircraft prepare to strike BUT was call off by Putin last minute. n what happen next day? all market shot up. who injure? fund manager.....
BREAKING NEWS !! Russia gives ultimatum to Ukraine to leave Crimea by 3pm tomorrow UK time, or face consequences!! All markets down now.. DOW is -163 points now..
Thanks for the head up Bull13. Status check 10.30 am 04/03/14. Hang Seng up 86 points, Straits Times up 9 points after being down earlier. Mpay no major sell down and finding strong support at 24.5 sen now rebounded 1.5 sen from intra day low to 26 sen currently. Unless the situation in Ukraine deteriorates significantly and our index breaks below 1800 level I don't see a reason to exit this stock. I do not play contra nor believe it will go to 20 sen either and any sharp sell down is an opportunity to buy not sell.
I am still long at 23 sen for the second round up leg to 32 sen. For bearish players like leslie, Bull13 and tokemas it is good that you exited because it is a good lesson learn never to second guess overseas markets, rely too much on dragonfly doji or market rumors. There is no short cut to timely corporate research to invest confidently and not be swayed just by charts, sentiments or wild unfounded rumors.
So far Mpay up 4% to 26 sens on the day that was suppose to be weak according to Leslie, Bull13 and Tokemas. Its good to rely on my own research.
thanks for the sound advice ....earlier statements were merely candle sticks chart analysis for day trader having limited fund . For long traders ,as long as you are using spare fund , nothing wrong with looking far and in a longer term but still need to follow market trend when it may suddenly turns sour..
There is no need to worry about what is happening in Ukraine. USA is looking to a diplomatic solution. The Americans only go to war against small nations. They did not do anything when the Russians took the Baltic nations and eastern Poland, and reclaimed Ukraine way back. So, the Americans won't do anything this time either. The Russians only want Crimea and not the whole of Ukraine.
if going by Fibonacci and Elliot , this 3rd wave is rather too long , more than and far exceeding the required1.618 x's , it has to retrace back in the 4th wave b4 going up to the 5th wave, the last push...to be realised.
look at other counter with good Quarterly results and price also shoot up. for MPay, bad timing of releasing the good result on last friday, in which Monday was facing the uncertainty of war in Ukraine. So sad.....if not i believe alry touched 0.30.
Tragedy like that the MH370 incident really brings forth that one should really cherish your love ones and appreciate relationships. This face-book page provides good up to date info:
Coming back to Mpay , my research for more info on Mpay and the TRS contract has turn up this photo posted on the Malaysian Retailer Chain Association FB page showing the Managepay and Global Tax Free directors with the MRCA last friday 7th Marc. Looks like they have strong retailers support going forward. It is always good to know what is happening on the ground in the real economy rather than looking at charts all day or be swayed by market sentiment.
Bursa just approved the proposed private placement and emergence of Dato Dahlan and ETRS as new substantial Bumiputera shareholders of Mpay. The beginning of a renew Mpay with sustainable contracts. This plus the picture posted recently on the Malaysian Retailers Association FB wall suggest something very tangible and positive happening on the real corporate front, not rumors or sentiment.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
kyjoon
173 posts
Posted by kyjoon > 2014-03-03 09:41 | Report Abuse
forsee to close 0.255 today