In my opinion, today's doji sign is to pull out those speculators, btw it's strong resistant is 1.18-1.19...strongly believe will float in between 1.18-1.25 for coming 2-3trading days before shoot up to above 1.35...
why do you all care so much of the price up and down..that's a normal sign for any stock. Importantly do you believe this is a good stock and if it is, it will definitely go up later if not now.
Suddenly, it has becoming quiet again. So, resistance at 1.28 is a sell or a buy? It is at 1.19 ... can I ask when I should buy again?
Read my system well : I will sell at resistance, I will sell when many started to talk about it ... no matter if it is a good stock(personally, I do like too). Decide if we are investors or traders. Then, use the correct mindset, methods and money management.
Learning that will be very important rather than listening to noises. This comment is only for newbies and novices. Those experienced ones, they know how to take care of their trades, for sure.
TEH
p/s : I am still waiting ... when this thread becoming quiet and when RSI going much lower, it is time to buy again. By the way, at 1.25 levels, the RSI was at 65.
One of the point why majority losing money is they will BUY when market is hot, the stock is hot and regardless of logic.
When Benalec shot up, this page suddenly becoming noisy. Do u know why? Because many stucked inside her, some selling when it went much lower only to buyback during it shot that day and feeling trapped again.
Knowing that 80-90% of them losing money in market(in long run), it is only logical to do the opposite. Be a contrarian.
What will I wait? Hmm ... no more noises in the forum or any forums. No more interested and perhaps it goes to RM1? Dont worry, many more will give up and sell for big losses.
Be happy that the so-called good stocks retracing. It is becoming cheaper, right? Many said it was cheap at 1.30 ... are you as excited to see it is below Rm1.20 today?
Hope you could understand that I m just pointing out why majority in markets will continue to lose money.
Try not to predict. Try not to expect. It will make us emotional(up then down). Try to see things in broader ourlook ... good stocks, if going down, good. Time to buy again when no one talking about it.
THANKS FOR NICE ADVICES ! MR.TEH !! HMmm..What you think about MRCB ??? I HAVE HUGE LOTS AT RM1.80 ~~ DO YOU THINK GOOD TO HOLD ???? POSSIBLE TO REBOUND BACK TO RM2.00 ?? Thanks for help again !!
Hi TEH , Thanks a lot for your advice , really appreciate it , should I just hold it or sell it and look for another counter ? I need your advice..Ive been stuck here for few months
An investor will not feel they are in stuck in good counters. I have known many holding Nestle, PBBank, KLK and such for more than 10-20 years, fyi. They will tell you how happy they are each time there is crisis and their stocks retracing. Get it right ... happy onlly when market or your good stocks diving.
I could not advice you on buying or selling. I could only point out that at 1.28 that day, it was a resistance, RSI at 65 and graveyard doji formed, it is sell. Of coz, it is a strong SELL when suddenly this forum becoming noisy.
Another counter? which counter in mind? I dont know, either.
I can tell you what I like : Construction sector, overall. I do like Benalec.
Why I like construction sector? Because majority dont like.
I have written and shared about 'capitulation'. It is a point when everyone given up, do not want to talk about stock markets, very quiet ... low volumes, abandoned ... that is the time we should be glad. Good investors and traders are difficult to find as there simply too much of work to be done.
So, my advise is still the same : be contrarian.
People making noises, asking about bad stocks to punt, u dont do that.
people do not read much, you simple do the opposite.
People buy, you sell ... when they sell like there is no tmr, you start to buy.
learning to be a contrarian ... you will be glad. Keep our ego aside, as market is always right.
I will be back again in Benalec for follow-up.
At least this is not Nicorp, Harvest, KNM or such counters, right?
TEH, appreciate your advice. You are exactly right. I do hold some good counters and hope the prices of the counters will drop so that i can collect more.... :-)
Seems everyone is chabuting & selling as fast & as low as possible because they expect that the PM is going to dissolve Parliament paving the way for the General Elections....so the "sell fever" was on a high.
hai...i follow benalac since ipo and till now..i very lucky when i buy this stock..now benelac support at RM1.10 and second support at RM1.00 (IPO price)..KWAP still held around 7% from issue share. for me..please Entry at RM1.10 and below.dont buy more than 10K....if the price down again.do average down if the price below RM1.00. followed my experience.i like this stock.
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akehlishi
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Posted by akehlishi > 2012-05-07 18:36 | Report Abuse
In my opinion, today's doji sign is to pull out those speculators, btw it's strong resistant is 1.18-1.19...strongly believe will float in between 1.18-1.25 for coming 2-3trading days before shoot up to above 1.35...