RealityTradingBull - JCY has dropped from a year high of RM1.65. At current price it provides a good entry point and with the high rainfall in Thailand now, JCY should start reversing it's downtrend and start moving upwards.
@san4477 Very sorry to hear that. How you respond to this event is now more important that the event itself. That's because you can't go back in time to reverse it. Despairing over it will not bring any good at all. The best thing to do is to honestly face reality and also face the music.
There are surely important lessons from the whole thing that can be put to profitable use in the future. Analyse where you have gone wrong, what mistakes you had made and avoid doing the same in the future. Doing this is a lot better than living in despair.
A technical chart is not a foolproof method to predict future price movements. However, it does give us a glimpse of what is likely to come in the near future. The current price of 0.78 is way below 20, 50 and 200 SMA line, indicating very negative events in the coming months. Whist small traders are buying in hope of technical rebound, big timers are throwing in the magnitude of few hundred thousand shares at one go. It would take extraordinary happenings such as last years' flood to turn the downtrend around, but the probability is 1 in 70.
you guys are luckily. I still hold my @ 1.05, 8.95, 8.45, 8.1 and 8.0 while keep prying for rebound but everytime fails. Shit and stuck with no where to go. Pity those who are even in more deep shit than me.
buy jcy now...support at RM0.78...JCY like CSL...may b good news is coming...now CSL RM1.08 plus Warrant WA RM0.20... actual price CSL RM1.28 before drop RM1.01 on 9/8/2012.
may b end november 2012... 2 month from now...i target JCY will com back at RM1.20. buy before announcement 4th quartely results.. may b bonus issue or tresury share or good financial results.... entry (buy )when everybody scare, selll when all (analyst) say buy...
The financial year of JCY closed on 30 Sept 2012. Looking at the persistent selling trend of JCY this morning, it does not seem that 4Q result is going to stir any excitement. There is gut feeling 4Q result may bring much disappointment.
True, the cumulative earning up to 3Q amounts to 21 sen, which is impressive from any view point. But the 4Q result will set the pace for the ensuing periods. Just look at the phenomenal growth of tablets and smart phones and you could guess how this new consumption shift would affect sales of desk-top PCs which use HDD.
Again, one must remember, investors buy into future earnings, not the past and not even the present.
My rationale tells me not to go in in the back of so many warrants issued. This will stay a penny stock for a while. The management didn't come out to address the stock slide is a cause for concern. It shows that IBs have tied them to the warrants. They may be another good sales in Thailand and Malaysia, but I think its not enough to push prices up seeing how IBs have manipulated buy-sell programmes three rounds already! Either way, its not shareholder friendly at the moment. I apologise to JCY holders currently to propose this view! This is a good stock, but you need to wait out the warrants issues!
that's what the IBs want! but hey, don't let me stop you from your investment if you think it could work for you. You never know if another hike could be done for IBs to capitalize on their profit!
Good rebound, but darn!...one joker bought only all of 1 lot (100 units) of my -CF at 0.035:-( But at least I'm first in line - had put that "good until" order since last week and I won't budge until I get that price.
mc you really have the gut to play cw, i look at the exercise price , mother share price , and think :jeez... who will wanna buy this cw?? it feel just like dumping money in sea.
but i guess there always new comer , newbie who want to try their luck or simply just wanna give tuition fees for experience -_
Fat Cat, just as much guts as the next guy...probably even less because I'm actually basically timid and cautious:-) But I have a certain percentage of the capital for "high risk" counters, and this is one of them. Forget about its business - with JCY, my thoughts are that it's a speculative counter. That means sentiments and traders' whims play the biggest part, and these can change in an instance. Have to admit these trades cause the heart to thump too HAHA! Came in a bit early with this one, at 0.025. But felt it's worth a risk since there's still reasonable time left to its expiry. Let's see how it goes - if I don't feel good, maybe I'll run away with just a half sen profit.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
Yuk Weng Foo
2 posts
Posted by Yuk Weng Foo > 2012-09-27 10:22 | Report Abuse
RealityTradingBull - JCY has dropped from a year high of RM1.65. At current price it provides a good entry point and with the high rainfall in Thailand now, JCY should start reversing it's downtrend and start moving upwards.