Calvin, I will hold my PM Corp until RM1.50 although my share is very very little!!! I just sold off my zhulian warrant & get into SapuraKencana-CP warrant. Haiz... profit drop from 13% to 8.6%... =(
avenger88, I just start to work this year & don't have much money. I bought this counter 13000 units for long term purpose. Another 10500 units skpetrol-cp warrant for short-term investment. Since today SKpetro good news come out, re-rating banks all tp skpetrol to hit RM5.60 from RM4.30 now.
the gang of otb, inwest88,kc loh, kcchong plus new recruit name calvin have been successful duping people using their influence...lol this company makes small gains just 9 thousands ringgit....instead....never mind..the jwc gang has won..congrat for the manipulation...i wish i was duped also..so i can make some money...not my day
Any1 know Zhulian & SapuraKencana stock movement in next few days ma? bone, I'm earning Bruneian Dollar ma. So, still afford for little quantity of PM Corp shares~
avenger88 Today I paid a visit to OSK (RHB) Taman Sutera Branch, Johor. The Retirees there were just talking about PM Corp when I arrived. I seldom go there since I am from the OSK Taman Molek Branch. Some bought at 15 cents and some are still thinking of buying now at 24 cents.
We are in the 3rd Wave of The Elliot Wave Principle (see wikipedia) There are 5 waves. The 3rd Wave is the most powerful and longest like our middle finger. Those who sell here for small profit will regret later when prices move up further..
This "Elliot Wave Principle" is applicable to cyclical shares like steel, cars, properties and others which have boom and bust periods.
I Think A Consumer Food Company like Network Foods Industries will last beyond these five waves
Wave 1: Wave one is rarely obvious at its inception. When the first wave of a new bull market begins, the fundamental news is almost universally negative. The previous trend is considered still strongly in force. Fundamental analysts continue to revise their earnings estimates lower; the economy probably does not look strong. Sentiment surveys are decidedly bearish, put options are in vogue, and implied volatility in the options market is high. Volume might increase a bit as prices rise, but not by enough to alert many technical analysts.
Wave 2: Wave two corrects wave one, but can never extend beyond the starting point of wave one. Typically, the news is still bad. As prices retest the prior low, bearish sentiment quickly builds, and "the crowd" haughtily reminds all that the bear market is still deeply ensconced. Still, some positive signs appear for those who are looking: volume should be lower during wave two than during wave one, prices usually do not retrace more than 61.8% (see Fibonacci section below) of the wave one gains, and prices should fall in a three wave pattern.
Wave 3: Wave three is usually the largest and most powerful wave in a trend (although some research suggests that in commodity markets, wave five is the largest). The news is now positive and fundamental analysts start to raise earnings estimates. Prices rise quickly, corrections are short-lived and shallow. Anyone looking to "get in on a pullback" will likely miss the boat. As wave three starts, the news is probably still bearish, and most market players remain negative; but by wave three's midpoint, "the crowd" will often join the new bullish trend. Wave three often extends wave one by a ratio of 1.618:1.
Wave 4: Wave four is typically clearly corrective. Prices may meander sideways for an extended period, and wave four typically retraces less than 38.2% of wave three (see Fibonacci relationships below). Volume is well below than that of wave three. This is a good place to buy a pull back if you understand the potential ahead for wave 5. Still, fourth waves are often frustrating because of their lack of progress in the larger trend.
Wave 5: Wave five is the final leg in the direction of the dominant trend. The news is almost universally positive and everyone is bullish. Unfortunately, this is when many average investors finally buy in, right before the top. Volume is often lower in wave five than in wave three, and many momentum indicators start to show divergences (prices reach a new high but the indicators do not reach a new peak). At the end of a major bull market, bears may very well be ridiculed (recall how forecasts for a top in the stock market during 2000 were received).
Thank you izoklse, for posting the 5 waves here for easier reading. I wanted to share on BJ Corp about the danger of buying at market peak - buying only during the 5th wave.
When The Focus Magazine, The Edge Daily, The NST, The Star And All The Expert Analysts come Out To Recommend The Stock Highly!
Mr. Market WILL NEVER BUY ON THE FIRST WAVE!! Mr. MARKET WILL ALWAYS BUY ON THE FIFTH WAVE! HOW MANY GONE BANKRUPT AS A RESULT!!
Posted by calvintaneng > Oct 23, 2013 11:51 PM | Report Abuse
Thank you izoklse, for posting the 5 waves here for easier reading. I wanted to share on BJ Corp about the danger of buying at market peak - buying only during the 5th wave.
Ans : Nothing wrong to buy on 5th Wave up. Please read again this theory. Thank you.
Ooi Teik Bee. Thank you for your answers. Best if you could enlighten us on what is the correct interpretation of the wave theory. I am too tired to share on BJ Corp Story now.
Posted by bigFAT > Oct 23, 2013 09:14 PM | Report Abuse the gang of otb, inwest88,kc loh, kcchong plus new recruit name calvin have been successful duping people using their influence...lol this company makes small gains just 9 thousands ringgit....instead....never mind..the jwc gang has won..congrat for the manipulation...i wish i was duped also..so i can make some money...not my day
Wow, I didn't know that I have the power to "duping people using their influence", and the power of manipulation. What a compliment!
Or is the motive of your above statement due to your frustration as stated in your statement below?
"i wish i was duped also..so i can make some money...not my day"
I didn't know people do investing by hoping to be duped to something right to make money. What a great investment strategy you have.
Lets see if we got influence in the market or not by writing in i3.
I wrote little about this stock. this stock's volumes of information here is the credit of calvin. I did write one analytical post, that is the net-net valuation of PMCorp which I said the good quality net-net value of PMCorp exceeds its market price. Very very little downside. That was why I too invested in PM Corp. Because looking at its business performance, it has good gross margin > 30%. It does not burn cash. So what you got to lose by investing in PM Corp?
Other things one need to do when deciding if want to invest is scuttle-butting popularized by Phillip Fisher scores of years ago; ie find out from the management, its staff, its creditors, debtors, customers, competitors, shareholders etc about its products. Who has the time and energy to do all these?
Yes, we have calvin here. Who is more qualified than him to talk about PMCorp's business? He is one of the major shareholders who has the skin in it. He distribute chocolate for them. He talked to all the management staff, directors, present and the past, etc. He visits and replenish the Tudor chocolate in the stores of supermarkets. What else?
Many forumers also went to taste the chocolate products from PM Corp in the supermarket and the response is hugely positive. Is there a potential in PMCorp's business? I would think so.
Reading through what calvin wrote, do you trust him with his sincere posts? I do. So what are you waiting for?
Good on u, hope u like tudor gold chocolate. It is vry delicious! indeed! but don't take too long to come back for more or else, u may have to pay a premium to acquire it later!
Wave 3: Wave three is usually the largest and most powerful wave in a trend (although some research suggests that in commodity markets, wave five is the largest). The news is now positive and fundamental analysts start to raise earnings estimates. Prices rise quickly, corrections are short-lived and shallow. Anyone looking to "get in on a pullback" will likely miss the boat. As wave three starts, the news is probably still bearish, and most market players remain negative; but by wave three's midpoint, "the crowd" will often join the new bullish trend. Wave three often extends wave one by a ratio of 1.618:1.
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....
inwest88
5,628 posts
Posted by inwest88 > 2013-10-23 17:27 | Report Abuse
LOL !