Becareful coming results is ok but not much improvement from last Q so will not make price up much. The Q after coming Q profit will drop. Many the fund bought in recently are trading this counter and will start to exit before/after the coming result is announced in May as following Q profit will drop. Also the the institution recently issue reports/target prices are the one already collect low price and then issue report to distribute back to market at higher price. Be vigilant price can drop very quickly.
cheerie if you look back over the lat 5 years since listing, JCY have been saying the same things and nothing never eventuate. 2 years ago during thai flood also talk about MA and capex 300m but no results.
Hope this time is different. I remember one of our forum kaki has few months ago mentioned that there is an announcement coming and the price will go higher than RM1.60.
owner bluffing lah just like the many stories in the press right now about MA and capex etc. my advice is ignore everything company say and look at profit performance and sales.
anyone actually believes the Malaysian Insider ? What I know are the writers are anonymous and as such can write a lot of unverified stories.... Again this counter is full of sharks. If they tell you good story, then it means you better sell. If someone starts saying bad things about JCY, then it is time to buy.... My experience...
hongwei blog sound like repeating same old story coming from JCY since the last few years. story too good = time to sell?
Experts seem to agree with Ray.
Flash predictions: Adoption, pricing
David Floyer, CTO and co-founder, Wikibon: For active data, the disk drive in 2015 is fundamentally dead. The vast majority of active data is going to be on flash over the next five years. Flash has reached a critical point where it's cheaper for active data. The price is going to go down because there's lots of volume driven by consumer demand for mobile devices, thumb drives, and cameras. 3D NAND is in place. It's going to happen. The investment is being made in it. And each generation is going to be denser, cheaper and faster.
Jeff Janukowicz, research director, International Data Corp. (IDC): There is no doubt that flash is transforming the storage landscape. In 2015, we expect flash shipping into the enterprise to continue to outpace HDD growth, with enterprise SSD capacity shipped expected to increase by more than 75% year over year. Much of the growth will be attributed to pent-up demand for higher performance, lower latency solutions and lower prices, which will enable customers to leverage more flash in hybrid storage arrays, all-flash arrays, and directly attached to servers.
Seemingly professional writers promote SSD and talked down HDD. Somehow, the market price of JCY reacted along with the doom saying to low point and then those seemingly professional writers coincidentally disappeared and then somehow JCY bounced up and the cycle repeated. Fun.
No worries about the downtrend last week; it was a super long weekend holidays n also some kiasu investor who bought at earlier low price took early profit. Expecting to shoot high soon!
bsngpg, I started buying JCY at 51sen in Dec 14 and made a bit from it. I quoted Raymond because he appeared for JUST a few days mocking JCY in a very unreasonable way- causing its share price to drop from 75sen to 69sen, and soon after he stopped, the share price rose quickly to 81sen.
One cannot help but speculate that his attack was meant for some big buyers to collect at 70sen and then dump at 80sen. A smart move by Raymond's boss? Or was it unscrupulous?
He said he would talk to top 10-20 shareholders or something about JCY's imminent crash to 30sen. I was waiting for his call which did not come. Was not it fun? :D
Wow! You have great foresight in buying early at low price. I bought in later but higher from 0.66 to 0.735(approximate figures as I bought in too many times till lost track).
I have to agree with you about intention of Ray, in fact I think he is a paid analyst who can write in great English with many relevant solid points. I disagree with his judgement on JCY but cannot deny his facts on SSD.
His biggest mistake was claiming that he could talk to the top 10-20 shareholders. Ha! Over swelling lei.
many smart investor here, I collect another 100 lots when Ray write the negative here around 0.70 too, and sold at 0.80 to earn additional 10K. hope another Ray come fast and give negative comment again. Otherwise the price always maintenance there...is hard to play.
Mr Ray: welcome back to JCY, sincerely. Again, I cannot agree with you that JCY will not "close to 0.30" in the current market. Unless there is a heavy correction such as KLCI drops by >30%.
No need to agree or disagree. Just watch over the coming weeks....I only talk to 3 big holder last week and all 3 already intend to dump all their holding before I even share my information.
hahahahaha............ great fundamental company............ top stock for 2015..... dont miss the feri.... its not like other stock only for speculation.... jcy = slow n steady............
Result will only be slightly better. No catalysts to sustain price up. Earnings will start falling from following quarter as sales unsustainable. Be careful.
1m more then last quarter at 51m. Tommorrow Fly to rm 2? Not. Haha. agree with Faye will be heavy profit taking tomorrow as earnings will reverse into losses next few quarters.
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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....
bsngpg
2,842 posts
Posted by bsngpg > 2015-04-27 07:21 | Report Abuse
The article was translated from English in The Edge to Chinese in Sin Chew. You should able to get the same article from the Edge.