Couldn't make a decision today when it was at 1.36, which was fortunate as it turned out. My wife wanted to go to the Bookfest at KLCC, so I had to leave the trading screen.
By the way, one of the books I bought was, predictably, "How to Make Money in Stocks: A Winning System in Good Times" by William J. O'Neill (RM67.80 with 25% discount). It focuses on how to interpret charts plus comes with other useful basic and sound tips. Am only at page 113 of 441 so there is still some way to go before I can say how good it is. But so far I'm pleased enough with what the content.
As for JCY - let's see how it goes tomorrow. But one thing about it based on the past few months - this is one of those counters that doesn't give much clue on whether it is going up or down. I wouldn't be surprised should it rebound tomorrow. Or slide further to 1.30 or even below. JCY is so volatile!
dknycom (stylo), please do not be afrain in share markets. Let's altogther Q for lower price, let's play with the counter man, i did!. They always psycho us wth their play price anyway... so, lets play back. [love it, be afraid not!]
If JCY is confirmed to be in a downtrend, it would be foolhardy to come in and buy at this moment just because it `looks cheap'. As we have seen so often, cheap can easily become cheaper. There will be some sort of a rebound but it might be mild - not enough to be withing the 3:1 reward-risk ratio. Perhaps it is wiser to just wait and see first.
Guys, those are IB dirty trick to press down JCY share price to benefit from CW issue! JCY last 3Q total EPS 21.6 cents and estimate same EPS for Q4, its total EPS will workout at least 27 cents. Calculate on 6x PER,it worth at least RM1.62!!! Another point to consider is coming 3 cents and 2 or 3 cents dividents for Q3 and Q4!!!!
lol, listen to who also doesn't matter, as long as they are paper losing, they will continue helpless, fundamental analysis have any use?
it will only giving you a piece of consolation, and btw, i been there, trust me!!
believe in lamken long ass story fundamental analysis, buy at feb peak, and hold for 3 months, and missing few times to take profit, just because i believe in lamken jcy RM4 per share story.
thx to the one who posting the jcy ceo interview with cimb, then i only get out of this RM4 fantasy and come back to reality.
Omigosh! It was only one sen down when I left the house to come to Subang 2. And it's now 1.24!? Didn't expect it to slide below 1.30 that fast.
@Jjtrader - Yeah, at that price, I think the downside risk is much much less. Maybe I'll join in with a few lots. If it rebounds to 1.35 or so, then we can both laugh:-)
DUnkin Lau - I agree with Namoyaki, and I have been in a similar position before with YTL Power, MRCB and Mudajaya a few months ago (the first two were slow slides though). That's why I try not to buy unless I have enough capital to pick up should things not go my way within the contra period.
With companies that have potential, they will go up again - it's a question of digging in and wait. However, when averaging down, it's better to do so when it's on the way up again. At present, its direction is not clear yet.
do read notes from MatCendana, he read a lot. for TA of JCY, you may wants to look at the chart now, look at stochastic line: 80% vs 20% line. Traders may want to wait for the line to touch the 20% or below so the Q now at 1.2+. Investor had started BUY when the line is going down to 20% line, and they will buy more when the price are at resistance position below 20% line, they buy more to average it down. However, when there is a REBOUND before/at 20% line, Both Traders & Investors will BUY. This will definately back to your own TP, means; what is your TP for JCY.
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....
seaangel
15 posts
Posted by seaangel > 2012-08-22 16:22 | Report Abuse
so just wait till RM1.30 ?