Based on my view thru my TA: Stochastic is so high, RSI high too. Even buyer push the price it can't up coz stochastic show overbought! I think some trader give up aldy! Need to wait until stochastic drop!
2 weeks more to go.. if this company's 2nd quarter result is better than 1st quarter the price will 'up' some more than current level. The market will determine it value..
I'm newbie here and would like to share nice info that got from my friend who work in HP. I told him I'm on the jcy 'boat' when it was at 1.28X20k..He congrats me and mentioned this counter could easily hits 2.00 bcos JCY monopoly the HDD's market after the Thailand's flood. A lot of big contracts from WD and Seagate yet to be announced. I'm just sharing..
LTLOK: Thanks for your info.Will monitor it closely and react accordingly. At the same time i still wait for 2nd Quarter result for this controversy company come out. If this company report a better result than previous one,i believes the price will up some more..RM1.70 RM1.80 who knows..? The market will determine it..
Yes after holiday, today JCY buyer return to market and start buying JCY add 3 cents to RM 1.60 and buyer still buying aggressively. JCY GO GO GO toward target of RM 1.76.
LTLOK: I think that was posted quite some time ago already but it is a good read. But do read on Lamken's Fundamental Analysis, it is clear cut and review through some accounting values. TA by a few others were not bad as well..but decision is still yours..
LTLOK: truly understand your take..and I have to agree, we shouldn't listen 100% to people's telltale, do your own study and be responsible for your decision..thanks
What happen to JCY ? Strong support At RM 1.53 also broken it seem heading toward next level at RM 1.48 to close the gap made earlier. Hope this support can stop the retracement.
Mohd Shuk I still believe in Lamken's 2 appetizers will be served shortly and the profitable Q2 results. I believe the stoc will not drop back to oversold area this time because of the oncoming good news. Moreover last time I sold at RM 1.58 - RM 1.61 and now I bought back at this level (RM 1.45 and below) already consider SUDAH UNTUNG. Happy trading and Cheer !!! : D
Mohd Shuk: thanks for your advice... Jjtrader: more of the people here can predict the Q2 result, so may be there are no surprise for this stock.. (just my 2 cents)
m still holding and bargain buying. i dont view as averaging, but positioning (feel free to differ :P). i thk price will at very least, go near its ipo price. looking to q2 results to start the next bull. happy trading everyone!
2nd quarter should be meet or exceed analyst expectations. could be some of the cw-issuers pressing the share price down as pre-emptive strike to the good 2nd quarter result. if they did not and let price be ar 1.60, once 2nd qurter result is out, and price jump 20-30 sen, the cw's will be in the money and will be harder for them to control. they do not want that to happen.
if you think about it, has there ever been a single cw in the whole of bursa that was in the money by the time of the expiry date? 1 or 2 if not none at all.
all this cw is what is so wrong about the global financial markets these days. it does not add any economic value at all except for the sissuers and bursa.
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....
Mohd Shuk
725 posts
Posted by Mohd Shuk > 2012-05-04 10:23 | Report Abuse
Based on my view thru my TA: Stochastic is so high, RSI high too. Even buyer push the price it can't up coz stochastic show overbought! I think some trader give up aldy! Need to wait until stochastic drop!