what news do you expect from knm ys1??Borsig listing, better 1/4 reault?Or the uk Petersbrough project is starting??General LEE will privatise KNM again???
KNM was on my radar for a while....It fulfils my investment criteria of a turnaround stock....Chart wise it had hit rock bottom on 26th Aug 2013 and had been chugging along the bottom since then...
It entered into super tight Bollinger squeeze on 28th October 2013 and the price had been tightly squeezed since 28th Oct 2013 with daily traded volume much below the daily average trading volume...However the daily traded volume spiked up way above the daily average trade volume last Friday, 8th November 2013, and this was the trigger signal to initiate taking position as opening price on Friday=closing price on Thursday but price gradually moved higher. Took position last Friday afternoon and today this morning...
my advice is buy weak season(low price).sell at high price. next counter i promoted is RCE share.it start to move.everday share buy back.same stituation like insas .always buy back.
Entry last Friday was 10/10 Entry today this morning was 9/10 Entry today this early afternoon was 8/10
The Bullish signal is KNM closing price today @48.5 cents is above the 200 days MA@46 cents. For UPTREND to continue it must stay above 46 cents from now onward. The price may retrace a bit tomorrow and this could be a buying opportunity but you must pay attention that it does not go below 46 cents in the days or weeks ahead.
If the price in the future closes below 46 cents then better cut out and move to the side-line.
My take is the PRICE DOWNTREND had changed to PRICE UPTREND effective TODAY!!! So don't be too eager to sell...RIDE THE UPTREND FOR AS LONG AS UPTREND CONTINUES...
Christopher Tan, I focus on companies that did well initially(that means the business model was good) but somehow messed up big time along the way(due to strategic execution & management issues) and finally put in strategic action plans to restore top line and bottom line growth ....there are not many companies like that...just have to research to identify such counters.
Another counter that I have taken position is Tong Herr resources. They did not mess up big time like KNM but are victims of circumstances. Chart wise it has bottomed out and is on SLOW UPTREND.Its business model and management are good but they got whacked by sub prime crisis and European crisis and EC investigation on circumvention of import duties of their products from Malaysia and Thailand. The EC had stopped the investigation and cleared them. Now Tong Herr can resume exports back into Europe and they had taken strategic decision to increase top line and bottom line growth by opening additional factories in Thailand and Vietnam to sell more into the ASEAN market. My take is top and bottom line will improve from 2014 onward and if they indeed can really hack it, I am looking at doubling or tripling of their 2012 EBIT and doubling of their 2012 Dividend pay out from 2014 onward. Go to their website and have a look.
Posted by LeeYuan > Nov 11, 2013 06:56 PM | Report Abuse haha.... already told Great Value at 40 sent ~~~ those alway said dont buy and no hope one those kind of ppl where hiding ready ah ???
Posted by yungshen1 > Nov 11, 2013 07:12 PM | Report Abuse that person is kcchongnz and fransoweto.
Posted by LeeYuan > Nov 11, 2013 09:43 PM | Report Abuse 0.485 is still GREAT Value! kcchongnz and fransoweto why so quite ready ar?
Hey I am here, right here. I am in i3 everyday. Where got hiding woh? It is just that I am not in KNM thread because it is a waste of my time here.
Ok, since you are shouting at my name, I can come over here, no problem.
So you wish to discuss with me anything about KNM, or have anything to ask about my opinion about KNM? Shoot!
@ yungshen1 : I occasionally saw your posts yet found there were few times you asked KCChong for free advices and opinions. As an EDUCATED and CIVILIZED people, I would not on one hand take goodies from people and on the other hand defame people. If you have made a good fortune from your selected counter, you can “shiok” yourself and we congratulate your good result, but there is totally NO NEED to ridicule people to elevate your self-pride. OK ?
OOP, forgot, I know nothing about charts. May be you should ask yungshen1. He has been holding KNM since years ago. He sure knows what the trend has been so far.
And he can predict share price of KNM too. He always does.
KNM has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition, the price just broke the resistance of 0.415 reinforcing the bullishness in the recent price movement. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout.
thank you to all those who helped to promote this counter as i have managed to clear all my shares at 0.485 with profit .... thank you very much !!!!!!
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....
yungshen1
2,134 posts
Posted by yungshen1 > 2013-11-11 19:33 | Report Abuse
possible. reach to 0.700