@ jacklintan. relax. we are discussing about fact here.just some very disgraceful people like meegoreng, fuck him.
Mee Goreng must be CIMB people. It further proven that they are really afraid of heavy selling volumes. they keep trapping people with good prospect, what HISTORICAL P/E is low, what PRICE has down 40 cents and it is good time to buy in.
They know how bad is it eventually and they are trying to make something in this cycle to fool all of us.
They are here in the public forum to fool us, such as investlah, invest talks etc.
some people trying to fish for students in the forum and yet do not show basic respect. When u join his class, who knows he might call you bxxxxxx also
@Ooi Teik Bee: How come you're so convinced that JCY s a penny stock soon? Why do you called Dr Howard Bach a bastard ( I don't know him personally) and now you're supporting him by asking me to sell JCY?
Anyone who trade, knew well that JCY is a speculative stock.
Ha ha ha, well said jacklintan. Judas betrayed Jesus because of 30 silver coins. So Mr Ooi changed his mind probably because he just realised he bought JCY-HA
This is a typical real life fast pace world. Relationship can turn either way. Westerner call it, WIIFM = What's In It For Me ?
Let me share with U my true guru's kind words/experience on the mkt : Bernard Baruch :
1. Don't try to buy at the bottom and sell at the top. It can't be done except by liars.
2. Every man has a right to his opinion, but no man has a right to be wrong in his facts.
# 2 is key n yet many people wants to quarrel over true n Right Facts. Mkt is the most efficient perpetual 'cleaning machine'. Only if U have the correct n Right facts, U will be able to handle this machine...
Anyway,I was going through our conversations from 23/8 till now. I wonder why jjtrader and mat cendana so quiet these few days. Also, I hope to hear from genuis GS.
@Howardbach: As answering to your question, my exposure to JCY is just merely. Whatever been mentioned about the current state of JCY, is what I knew so far.
Let's just look at a bigger picture of JCY, since everyone is hoo-haing about the pitfall of JCY.
HDD market was mentioned as "shrinking". They never said, " out of stock" or "invalid" in the market.
1.I called up one of the IT branches seller and they told me, HDD price have gone up since Thailand's flood, and Malaysia were selling at higher price. Back in study of economic days, when demand is more than supply, price goes up. They even denied, the sales for hard disk have been reduced u.t.d.
2. Last year (2011) JCY hired more workers to accommodate the productions from contracts that Thailand loss due to flood.No doubt, Thai taking back their contracts is normal. If JCY delivered a better quality HDD goods, I'm sure a handful of contracts will still remain with JCY.
3. Flood took place in Thailand is an act of BONUS to JCY. JCY does profited from Thai contracts. This, we cannot deny. Price hike in JCY stock, is boost by constant speculations by IBs.
Reality now is, JCY will received lesser contracts compared to last year. Does this reflect in their stock price? Does JCY still valued at 0.70? Have they improved over the years?
We all need to find out the REAL reason as to why JCY fell by 20% on 23th AUG, 2012 to $1.17.
so call jjtrader lamken where are they now? i remember jjtrader proudly say made 4 figures in JCY trading & bla bla bla... whr r they now?? hahahaha ... TALK IS CHEAP...
I am profiting from JCY and currently I never hold single lot of JCY because I foresee the down trend and temporary I move to another counter fitters and holding 350000 shares . Why should I buy JCY which is in the down trend anyway I am not the boss of JCY. I am just a trader. If this counter I foresee no bright future why should I buy ? Too much of money ke ?
Yup, seems to be on a downtrend at the moment so your strategy is prudent. And the positive sign might come sooner than many would expect. Remember that this is JCY, and its movements (often upwards) in the past had confounded many investors and analysts too. Even when TA charts show it on a downtrend, it would somehow go up! That's the power of traders and speculators on contra mode - they don't care about technicals. Or fundamentals for that matter.
There are positives in the last few sessions, sort of. For one thing, it didn't drop below 1.00 as some had thought. It made two mild rebounds to 1.18 or so but went down again when many took quick profits or cut loss. I think it will be around 1.02-1.20 in the immediate future. Just a speculative guess, without any charts or whatever to show:-)
Trading buy is possible now, with some considerable risk. But exit before the next quarter report, as the next one will reaffirm that JCY should be valued lower. Uncertainties are hovering around this counter now.
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....
jacklintan
1,722 posts
Posted by jacklintan > 2012-08-28 12:05 | Report Abuse
@meegoreng You don't need to be rude. you posted the word, i asked you, nothing's wrong, right?