Posted by Y2016 > 2012-10-15 16:14 | Report Abuse

what's happening to Padini? its share is undergoing strong selling pressure, i see the possibility to drop below RM1.80 soon, may be tmr if the pressure persists

Posted by daijiao > 2012-10-15 16:21 | Report Abuse

wow... 1.90 now!

Posted by chelsea168 > 2012-10-15 16:25 | Report Abuse

could it be icap biz?

Posted by Y2016 > 2012-10-15 16:27 | Report Abuse

likely there are some institutional funds seek to exit Padini

Posted by stock5678 > 2012-10-15 16:36 | Report Abuse

as i mentioned earlier, next major support is 1.81, follow by 200MA line and projected base will be 1.58.
I will only consider to Enter at 1.58, depends on the TA that time.

Posted by Y2016 > 2012-10-15 16:47 | Report Abuse

ya, i also agree with stock5678 that Padini will trade below its 200MA line, hopefully in the next few trading days. By then i do will consider to re-enter Padini.

Posted by smallfish > 2012-10-15 17:03 | Report Abuse

So, in the end, there's no hammer. Brace for more selling!!

Posted by stock5678 > 2012-10-15 17:13 | Report Abuse

Normally, once below 200MA line, seldom counter will have bullish attack and turn to bullish (high-low and higher-high) in short period.
Normally, it will take sometime to digest the seller pressure.
This is normally but mostly :)
Happy to P at above 2.00. 1.5x I will jump in again.

Posted by smallfish > 2012-10-15 17:38 | Report Abuse

No funds want to be caught holding the bag. So when one fund sells, all the funds also sell. Hahahahaha.

Posted by daijiao > 2012-10-15 18:27 | Report Abuse

black hammer with expanding volume. good sign

Posted by Eden Thean > 2012-10-15 18:28 | Report Abuse

let his stock down down down!! :D

Posted by hooi > 2012-10-15 20:41 | Report Abuse

14-day RSI = 17.143 < 30 = oversold, buy Padini < 1.87, hold at 1.87-2.04, sell > 2.04

Posted by reyes430 > 2012-10-15 21:54 | Report Abuse

anybody minds to share some views on this counter, technically and fundamentally.

Posted by hsong > 2012-10-15 22:05 | Report Abuse

Fundamentally it is still a good counter. However, valuation is no longer cheap now with competition from H&M. Big crowd at Lot 10 yesterday with lot of choices.

Have to wait to see year end shopping whether good or not.

Opportunity to buy when prices dip further.

The last time I bought 6 months ago was at RM1.60 and sold at RM2.23.

Posted by reyes430 > 2012-10-15 22:13 | Report Abuse

Thanks hsong for your enlighten!

Posted by hooi > 2012-10-16 09:08 | Report Abuse

Bought Padini at 1.86

Posted by daijiao > 2012-10-16 09:28 | Report Abuse

queuing at 1.85

Posted by hooi > 2012-10-16 09:28 | Report Abuse

Bought Padini at 1.85

Posted by kenlee > 2012-10-16 09:29 | Report Abuse

yesterday is a big black candle, although there is a rebound, make it a small hammer but overall still not good sign yet.

Posted by daijiao > 2012-10-16 09:33 | Report Abuse

bought 1.85

Posted by hooi > 2012-10-16 10:03 | Report Abuse

Bought Padini at 1.83 & 1.84

Posted by ongtkong > 2012-10-16 10:07 | Report Abuse

Year-end sale !!!

Posted by hooi > 2012-10-16 10:17 | Report Abuse

Bought Padini at 1.82

Posted by hema > 2012-10-16 10:33 | Report Abuse

i'm a bit skeptical...why the sudden drop?

Posted by daijiao > 2012-10-16 10:41 | Report Abuse

big fish pushing it down, so can buy at cheap price. anyhow, its show downtrend as at this moment. Is a good time to buy in.

i m working on the technical chart now, will share with u guys soon.

Padini is a damn good counter, have a well biz plan, management team and far-sighted. they oledy started expanding in indonesia and others asia country. the cotton stock level is high, and have a good supply from both india and china (so wont rely on 1 country)

Posted by Pita Mittis > 2012-10-16 10:51 | Report Abuse

Ya, i m fishing now, put more. Will go up next week, panic selling. Dont panic be happy.

Posted by Pita Mittis > 2012-10-16 10:51 | Report Abuse

Padini good management.

Posted by daijiao > 2012-10-16 10:58 | Report Abuse

i m planning to sell others, n buy more padini. since it's cheap

Posted by stock5678 > 2012-10-16 11:10 | Report Abuse

cheap base on? PE? PE 12.38 hmmm,,, okay moderate la

Posted by euclid > 2012-10-16 11:12 | Report Abuse

@stock5678,
To some people, 'cheap' means significantly lower than 52-week high...

Posted by smallfish > 2012-10-16 11:19 | Report Abuse

I have already sold others to buy Padini. Because no more cash to top up the margin call. Now only have Padini in my portfolio. I got screwed by MEGB. Lost 50%. Cut loss. Then I said to myself in future invest in fundamentally good counters with a long history. Now getting screwed by Padini. Sigh.. feel so sad.

Posted by Fat Cat Tim Buddy > 2012-10-16 11:30 | Report Abuse

when segi price at 1.7++ , the pe is at 13++, i said : wa expensive la.. pe so high, then i realize , good company is worth that high pe, so, deal with it.

Posted by stock5678 > 2012-10-16 11:40 | Report Abuse

approaching support level of 1.81. I wish it broke below so that can buy at lower price :P

Posted by stock5678 > 2012-10-16 11:46 | Report Abuse

Look like strong support pushing. well done.

Posted by Pita Mittis > 2012-10-16 11:53 | Report Abuse

Padini has a good marketing plan now fly to china and indonesia just imagine if the sell is start there. With a lot of population in china n indonesia the profit sure high

Posted by lipming > 2012-10-16 11:56 | Report Abuse

if reach 1.89, should b upward trend.

Posted by Y2016 > 2012-10-16 12:01 | Report Abuse

no panic selling pressure observed, but if my prediction of fund seeking to exit Padini is true; sooner the research house/s will lower its TP and by then it will influent the retail investors' sentiment, resulting them to SELL also..... a lower entry price ard RM1.7x in the very near future can be expected

Posted by ongtkong > 2012-10-16 14:26 | Report Abuse

smallfish, have faith & confident since u already invested. Otherwise, better u buy klci stocks like maxis, digi, genm. airasia, less stressful but slow & steady

Posted by daijiao > 2012-10-16 15:12 | Report Abuse

hooi, when this share will rebound?

Posted by ongtkong > 2012-10-16 15:21 | Report Abuse

Millionaire dollar question.....

Posted by hooi > 2012-10-16 15:30 | Report Abuse

coming soon!

Posted by wokan > 2012-10-16 15:36 | Report Abuse

when?

Posted by MCWONG > 2012-10-16 15:36 | Report Abuse

hope in next month

Posted by Pita Mittis > 2012-10-16 15:39 | Report Abuse

wait padini to change from ron 95 to ron 97 petronas, catalysttt please from research house.

Posted by hooi > 2012-10-16 15:42 | Report Abuse

Maybe after 4pm

Posted by daijiao > 2012-10-16 15:44 | Report Abuse

maxis drop like shit, fortunately i sold it yesterday n buy padini.

Posted by Pita Mittis > 2012-10-16 15:46 | Report Abuse

haha it fly now, bravo padini

Posted by stock5678 > 2012-10-16 15:58 | Report Abuse

good job flying up but still not optimist enough.
Lower low and lower high remain continuing.

Posted by daijiao > 2012-10-16 16:00 | Report Abuse

I think will fluctuate in this few days... perhaps few weeks.

Posted by ongtkong > 2012-10-16 16:05 | Report Abuse

hooi, u must have accumulated quite a lot. amazing to see u having so much confidence on the stock. hope u make money soon.