As I told you, all sell I buy....drop to 54cent I buy, drop to 50centa I buy....as long you are willing to sell, I buy.... Willing seller willing buyer....lol
It's ok, at the rate of buying, I will teach you guys another trick....
Before it reaches mid cap above, learn to count transaction. I said before, it's hard to fight the market when it's moving however it is easy to challenge it when it's weak. When market is weak it's fear, it's blood, it gore. High level investors get very jittery and even more so if u are investment hse or foreign investor.
Base on the prolong buying,(pls count for yourself) the volume and price escalation meant buyers commit to the seller price until last 4-5 days ago. The correction here is meant to moderate and find the support but compounded by fear of war. So if you count, just like counting cards except the cards here is volume ie volume against commit.
1. Volume + Commit = Escalation
2. Volume + Uncertainty = Stagnant
3. Volume + Uncertainty (2nd day) = Stagnant or downward or correction
4. Volume +. Uncertainty (3rd day onward) = Downward trend or correction
5. Reduced volume + uncertainty = Downtrend
6. No volume + intent = Push
7. No volume + Fear = downtrend
Avg Volume is a characteristic of a Counter.
8.Low Volume early and increase late = Intent + Waiting for lowest price to buy bulk (Signifies intent) - Bottom fish
9. High Volume early and drop in volume later = Herd Mentality (type 1) or lowest closing the day before + restart engine ( type 2)
10. Reduce volume + intent = push
What is the best situation during a queue to suggest escalation or coming commit? High Volume at Immediate Buy position and high volume at immediate sell position. If buy position relent and commit to seller price is most encouraging This means 2 thing either a good support if buyers don't budge however if they move to seller position, then intent maybe an objective if total buy volume move to seller position at the seller price.
Next look at the number of buyer of the volume
Now tell me where are we for L&G. I have said son always follow mother at this point. We were at no 5 and 8 . Since 8 happen later and price remain without changing in the end trading hour, there was some bottom fishing happening.
You got your answer now....but pls pls pls sell......
Hahahaha .......I am just a commentator.......but just know if no new surprises on any sudden crisis in EUrope next week, I will be taking anything you guys want to sell and ride the next few goody news......read carefully what I wrote on end July and I m predicting for next week.
For your understanding.....so far the biggest wave I have ride in recent years is Axiata. For those who remember the rights issue was at 1.80......Axiata did an avg of rm 1 /year up to current and the shortest & fastest wave was RHB from 5.00 to 9.90 within a couple of mths. So even EnO pale in comparison however EnO did 25% yearly on avg last 5 years. Now looking at L&G don't expect L&G to be like RHB but it does have a potential to ram up assuming Low Teck Gay continues to lead. For those who follow my comments closely, would know that I never thought of Low Teck Gay as a real leader and always thought he was a superb manager. The difference being, he has not proven himself to be able to mix things up with flexibility and diversity. I WILL however eat my words as we move along as his marketing and announcement is coming into light and market did react recently. I am very interested in the multi year revenue generator which will also show his leadership and stewardship in maneuvering something totally new.. On top of that he also showed great marketing ability in staging and enticing market interest in the few nicely plan execution.
As long as he announce it, market is confident he can deliver after all I did give him credit of being a superb Project Manager. For a start forget everything about L&G before 2008....see the results already, so forget the coming results as it is not the longer term key indicator. Focus on the market cap followed by the maiden dividen, then hopefully bonus followed by the multi year generator.
When I bought EnO I was expecting an MGO very least since top UMNO lawyer was there and Sime being GLC needed in- road to Penang ruled by opposition and as for Axiata, I focused on Jamaluddin's consistent, persistent and very accurate and proven lightning fast approach in Maxis earlier to deliver many many key financial performance while RHB was an insider information and with EPF sitting in both board ie Tan Sri Zainiol while Tajuddin who was then RHB head had the connections........
I have more example but I believe you know what I mean. So for L&G what do you focus? Focus that of low Teck Gay is a good PRoject Manager, he will not announce if he cannot deliver. This is a fundamental of a PM. Secondly, he announced the sequence of delivery mentioned earlier.
Pls remember to celebrate Merdeka this year!!! heard they want to put a special fireworks just for you. Yes YOU......I hope my message is clear..or as clear as I can
Saturny, thanks a lot for your end July write up abt watching the volume and the mother/ son ratio.
I just read your mention abt your end July posts. I hold L&G . Recently I did convert the la to the mother . Really appreciate the sharing of info by you and others in this forum.
Kekekekekeke.....but I like this one from Saturn....first he predicted on 29 July raya holiday that 30th. July onwards will challenge 60 cents with the example below. Have a look at the range of the price on 30 July then he predicted last week will be breather and this week will be another run towards result......so far 2/3 correct and now for this coming week. If right it's 3/3......only other guy so far is Bones sifu who has been accurate to the dot. For me I use all.....kekekekeke
Stock: [L&G]: LAND & GENERAL BHD Jul 29, 2014 11:52 PM | Report Abuse
Dear All, once again I would like to remind you NOT to buy L&G because of what I wrote. All I want you to do is read and feel for it. If you feel good and if you feel positive that's all I want you to do. What I have written is not new except putting in different perspective. Feel for what it is.
Also note, the share price challenge the 60cents last week and landing at 59.5cents highest. Think of it this way,when we were young we always try to jump and touch a ceiling. When we do touch the ceiling, we want to try and knock off the air well board. When we manage to knock it of, we will try to climb to the air well to see what is up ther....ever done that?.....it's curiosity for this week and next before we take a short breather and start attacking before the results in August end......watch this space....good luck....pls feel......tq
Condolence to Robin William's family. 2014 will fast be remembered for all the wrong reasons and yet for some it maybe the (de) year. See! this year has been a bull year compared to last 5 years and yet we have so many disasters happening. For some we ask why? For others we ask when while to many also ask who ...and the list goes on. So in short, pain and gain is subjective to many because we still live in a relatively peaceful region not unless the extremist brings the war to Malaysia.
If nothing changes, remember impermanence is real, then expect directions of flow to be the same. Example, if you hear war in other regions everyday, would you expect it to be shocking ? However if you hear a commercial plane shot down which is not a norm, it may create a ripple which will quickly subside right? And what about, finanacial bail out for a significant country? It may cause a financial high tide or tsunami depending on the region, nature of business and diversity. Hence at the moment as of NOW, (touch wood) there is no such serious disaster as we have seen in last 4 to 5 yrs where globally we are in and out of financial woes.
So the next questions is, if all are good at the moment, why and when is buy and sell? Ppl buy and sell for different reasons and here is some Sell because 1. they need the money 2. the shr price is stagnant 3. the counter is not exciting 4. counter did not perform as promise or expected 5. they have held too long and other more exciting prospect to buy 6. they made a profit 7. market panic 8. lack of future prospect
And BUY will be exacly the opposite
So now you have the enviroment, and the situation and earlier the queue type and intent. Make ur decision wisely
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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....
saturny
612 posts
Posted by saturny > 2014-08-08 21:29 | Report Abuse
For ghost believe...moon dark dark....no hope no light