Posted by pathew > 2012-10-25 15:34 | Report Abuse

everyday see SCOMI in red, when only can see SCOMI wear green!

Posted by bursabulltrader > 2012-10-25 15:34 | Report Abuse

Ooo-shxxttt..no good no good... I am well prepare to exit for 2nd time.. parachute ready again...ready to jump soon...quick someone don't push me!!!

Posted by CrocHuntress > 2012-10-25 15:40 | Report Abuse

bursabulltrader u jump i watch.. when u start your car engine early in the morning, will it viberate? hehehe:D

Posted by CrocHuntress > 2012-10-25 15:51 | Report Abuse

wah wah wah.. looks like i caught my Crickey... :D

Posted by djhchew > 2012-10-25 17:30 | Report Abuse

Knock! Knock! Where's everybody?

Pathew, Scomi rocket got to refuel first.. that's why there is no action going on.. For the whole week it has been refueling at an average of 420psi.. Maintaining it's ATR at 0.024.. Do you know what this means? A max of 480 kiloknott burst-off..

KC, mind to correct me if I am wrong?

Posted by KC Loh > 2012-10-25 18:18 | Report Abuse

sewing parachute :)

actually i am accumulating :)

Posted by rocket > 2012-10-25 18:43 | Report Abuse

Hv no worry at all:) but djhchew , can u elaborate a bit more on what u wrote just now n how u get that figure ...sorry if my question is too shallow .(does it mean this few day already bring the average price to .42?

Posted by rocket > 2012-10-25 18:45 | Report Abuse

Bursabull, r u still on board ?

Posted by djhchew > 2012-10-25 20:48 | Report Abuse

Rocket, if you look at the charts, after the break-out on the 19th October 2012,you will notice on the 22nd October 2012, it opened at 0.41 and closed at 0.43. Closing higher than the breakout. If you noticed, buying was averaging at 0.415/0.42 on that day.

The following 3 days including today, the price range is getting tighter. Again averaging at 0.42.

When a price range is getting tighter after a breakout creating shakeouts (don't know if anybody got shaked-out today) along the way which is also called "the end of the cup's handle", can mean:

i. Somebody is accumulating (maybe it's KC). hehehe
ii. Sign of exhaustion from a bull run.
iii. A new trend is about to happen. It can go either north or south. But based on the knowledge that Scomi will need to show a good example to her god-father, south is not an option yet.

So now you know why our rocket is compressing at 420psi..

On ATR, meaning Average True Range which is from the charts too, shows 0.024 between the 2 days everybody was sewing their parachutes or jumping out without one and the day when everyone was celebrating that night. The dates are between 18th and 19th October 2012.

This ATR won't mean anything unless it is multiplied by 2 or 3 times. In my chart's case, i will need to multiply it again by 10.

My targeted range for the next break-out is:

0.024 x 2 x 10= 0.48

This technique is widely used by traders to calculate a definite range from a breakout in a short term period. If you need to know more, try looking for Daryl Guppy's book titled: Guppy Trading. Yes, he is the person who created the GMMA (Guppy Multiple Moving Average) Chart.

Hope I answered your questions.. and please correct me if I am wrong..

:)

Posted by KC Loh > 2012-10-25 20:51 | Report Abuse

Why multiply by 10?

Mann...when you guys talk like rocket scientists, I really do get worried

Posted by KC Loh > 2012-10-25 20:53 | Report Abuse

Girl girl, look up GMMA, not Gloria macapagal arroyo OK?

Posted by djhchew > 2012-10-25 21:15 | Report Abuse

KC, you need to move the decimal points to fit it against the price. In this case, I multiplied it by 10. :)

Posted by KC Loh > 2012-10-25 21:29 | Report Abuse

First part talks like baseball coach, second part talks like U professor, third part like rocket scientist, all just to try catch the latest computer virus! Hehehe. No wonder many newbies confused, including me!

Give me something simpler, like trigonometry please!

Posted by rocket > 2012-10-25 21:52 | Report Abuse

..ATR part is confusing. Maybe I don't understand how is come from ..anyway thank you chew . Sigh, no wonder you all can make money so easy lah. Knowledge make difference ..:(

Posted by pathew > 2012-10-25 21:53 | Report Abuse

Good to share... We can get some TA from here too

Posted by littleshark > 2012-10-25 21:59 | Report Abuse

Walau all sound lk professional investors.. Still maintain 0.425 seem a gd sign. Alright im still on board..

Posted by bursabulltrader > 2012-10-25 22:16 | Report Abuse

Rocket, yes I still onboard...someone grap my legs not allow me to jump... hehhehe... will post some update tmr about scomi base on my 'fisheye' analysis... hope will be useful guide...cheers..

Posted by djhchew > 2012-10-25 22:26 | Report Abuse

Try reading up on the book I mentioned..

Trigonometry measuring human behaviour? Please enlighten me..

Rocket, you can download the chart software from here:

http://www.chartnexus.com/

You will have all the charts you need. And furthermore, it is free.. :)

Posted by KC Loh > 2012-10-25 22:29 | Report Abuse

You dunno trigonometry?

Posted by pathew > 2012-10-25 22:32 | Report Abuse

Too bad can't work on iPad. Anyway, I know nuts bout TA too
But wanna learn... Any sifu give classes? Lol

Posted by djhchew > 2012-10-25 22:33 | Report Abuse

Please enlighten me..

Posted by KC Loh > 2012-10-25 22:35 | Report Abuse

I got problem with TA already, now new problem to explain trigonometry LOL

Posted by djhchew > 2012-10-25 22:38 | Report Abuse

I said: "Trigonometry measuring human behaviour? Please enlighten me.."

Not "explain Trigonometry"

:D

Posted by CrocHuntress > 2012-10-25 22:39 | Report Abuse

ok... now i understand Trigionometry, that's why "Crikie" is the best to deal with. hmm.... reading reading reading!

Posted by djhchew > 2012-10-25 22:45 | Report Abuse

Pathew, they do give classes too if I am not mistaken..

I don't know if they will teach you TRIGONOMETRY though..

Posted by KC Loh > 2012-10-25 22:46 | Report Abuse

But my post is not about human behavior. I just needed something simpler like trigonometry! :)

Posted by CrocHuntress > 2012-10-25 22:53 | Report Abuse

alamak! exam tak lepai lah! @n@

Posted by rocket > 2012-10-25 22:53 | Report Abuse

:p..hehe trigonometry is not simple for me..

Posted by KC Loh > 2012-10-25 22:54 | Report Abuse

Actually I like maths, just not good at it :)

Posted by pathew > 2012-10-25 22:56 | Report Abuse

Gave back to the teachers already
I loved Maths and did very well in school too

Posted by KC Loh > 2012-10-25 22:57 | Report Abuse

Then TA should be more your cup of tea, no?

Posted by rocket > 2012-10-25 22:58 | Report Abuse

for me logic thinking is more importance...

Posted by littleshark > 2012-10-25 22:58 | Report Abuse

Djhchew thx for ur sharing.. Really so many sifus here

Posted by KC Loh > 2012-10-25 22:59 | Report Abuse

Uh-huh, you gonna bring ladahitam in soon, aren't you rocket? Logical thinking! Hehe

Posted by rocket > 2012-10-25 23:00 | Report Abuse

can someone explain to me why TA people n FA always like toget along.

Posted by rocket > 2012-10-25 23:01 | Report Abuse

no, i don't agree wt some of his educated predictions:)

Posted by KC Loh > 2012-10-25 23:03 | Report Abuse

Because tua pek kong said so? :)

Posted by rocket > 2012-10-25 23:05 | Report Abuse

hehehe:)u still remember

Posted by KC Loh > 2012-10-25 23:06 | Report Abuse

Which part you don't agree?

Posted by rocket > 2012-10-25 23:09 | Report Abuse

the parts that u also don't agree:)

Posted by KC Loh > 2012-10-25 23:11 | Report Abuse

Clever sidestep!

Posted by KC Loh > 2012-10-25 23:15 | Report Abuse

I think this scomi thread has the most postings right? Really too many chit chats here. We need to get restraining order for frank, tomato and dunkin to come in here! Hehehe

Posted by pathew > 2012-10-25 23:18 | Report Abuse

Lol just create a chit chat corner... Problem solved
Btw Kc, I prefer the FA side. It's easier to understand since its English!

Posted by ladahitam > 2012-10-25 23:20 | Report Abuse

Monday beware - Scomi millions of shares of ESOS, at options price of around 0.21 cents and ICULS conversions at 0.40 will be listed...

Posted by ladahitam > 2012-10-25 23:21 | Report Abuse

Exercise of options granted under Employees' Share Option Scheme ("ESOS")



No. of shares issued under this corporate proposal

1,100,000



Issue price per share ($$)

MYR 0.240

Posted by ladahitam > 2012-10-25 23:22 | Report Abuse

ESOS



Details of corporate proposal

Exercise of options granted under Employees' Share Option Scheme ("ESOS")



No. of shares issued under this corporate proposal

160,000



Issue price per share ($$)

MYR 0.170



Par Value ($$)

MYR 0.100

Posted by ladahitam > 2012-10-25 23:22 | Report Abuse

ESOS



Details of corporate proposal

Exercise of options granted under Employees' Share Option Scheme ("ESOS")



No. of shares issued under this corporate proposal

225,000



Issue price per share ($$)

MYR 0.170

Posted by ladahitam > 2012-10-25 23:23 | Report Abuse

Conversion of Irredeemable Convertible Secured Loan Stocks (“ICSLS”) to Ordinary Shares



No. of shares issued under this corporate proposal

2,007,350



Issue price per share ($$)

MYR 0.400



Par Value ($$)

MYR 0.100

Posted by KC Loh > 2012-10-25 23:25 | Report Abuse

So what do you think the impact will be lada? Drop to 35 sens maybe?

Posted by pathew > 2012-10-25 23:25 | Report Abuse

That's a lot of shares floating... Monday got economy seats opening up I suppose:)