I always like to do my shopping during sale, I will ensure I buy the expensive one at 70% discount. This is called value shopping.
I also like to buy share when there is a cheap sale like yesterday. I really happy to buy those stocks I missed out in last rally. Thanks god, I catch most of them yesterday. I will continue to shop for cheap sale in next few days.
One very important question, will stock market crash or not ? I do not know and I do not wish to think about it because it is not within my control. To me, the stock market is always very difficult to crash, the probability is always very low. How many crash we can see in our life ? We can count using your fingers. It means it is very rare.
OTB, remember I mentioned to you before that Ivory looked interesting ? Ivory just released results. This quarter, they finally turn around and made RM8m profit. Why don't you take a look ? The price hasn't moved at all (more or less the price I entered).
Apologize to everybody for tumpang this thread to briefly mention Ivory. No more discussion here. Please go Ivory thread, if interested. But mind you, there is a fellow there called Impartiality who has an axe to grind, he badmouthed Ivory non-stop. Just beware.
with the expected good quarterly report yet the price dropped for more than 20%. Those investors who set their TP at RM0.80 start selling to locked in for profit. Their accumulating cost may be around 30 - 40 cts only.The price will definitely rise based on PJDev performance.We have to wait for the completion of the disposal of menara PJD so the RM220 million can be shown in next quarterly report. PJD with five other profitable sectors of business will generate good PBT for us. Just see, the price will pick up as the profit takers and panic sellers finished their show. When they see the price is soring later on, they will join us again.
If the price drops until 0.45, no point to buy because the stock is in down trending. No reason to buy down trending stock, this is the rule no 1 in Technical course. Please attend my training course on 15-16 March 2014, then you will not talk in this manner. Trust me !! Thank you.
Don't mean to pour cold water. The last round the shares went all the way up to 80 sen was because of the expectation of good results. Now that the result is out, unless there is another catalyst in place, pjdev and pjdev-wc dont simply go up just because of "oversold", "overbought" or "overwhatever". We need another catalyst (a natural catalyst would be the next quarter result in 3 months time). In the absence of that, it is just another ordinary stock among the 3000+ listed on bursa.
a little bit of good news. In the latest Edge, page 21 mentioned that the relocation of Royal Malaysia Air Force from Butterworth will remove the limitation on building heights. Together with the undersea tunnel linking Butterworth to Penang Island (to be built), as well as other factors, Butterworth will become an attractive place for properties. The article said that PJ Dev has 6.5 Ha of land in Butterworth, hence will benefit from that.
current drop is due to weak market sentiment (almost all small/mid cap stocks drop no matter good/bad results). think that the trend will reverse once the market sentiment stabilize as their strong fundamental intact...
strong support at fibo 61.8%. possibble to go 72%? then bounce back to rm0.85 lvl? conservative estimation that gap of wave 5 equals to gap of wave 1. please correct me if i am wrong...tq in advance
Shouldn't be a problem. U learn TA from OTB, make $$$$$$, fire your company and focus on trading stocks everyday, then no need to worry about your Department loh
Quick quick come to KL !!!
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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....
kennychoong
54 posts
Posted by kennychoong > 2014-02-27 01:47 | Report Abuse
olh sold 68 at 12.04 rhb Ipoh than