is look like not yesterday is not "'1 day play"" coz price now are quit stabil and show going up..i believe something good news will be annoce soon..:)
is ok indeks drop>that is healthy actually our indeks need correction>our fund support to long>market will recover later>for long term knm investment is ok>only for contrarian be carefull
this is a great site , thanks to those who strongly pushed for this counter .... many of us really was able to sell , profited & exited from this counter .... hopefully when this counter really falled down to 40 cents again , all of us will buy again & wait for these guys to promote the counter again ...
Hmm...it is very interesting to notice the myriad of emotions being evoked by the surge in KNM shares on Monday...some who are fearful took opportunity to sell out on monday & tuesday hoping to get back again on retracement at 40 cents...others who are hopeful & perhaps greedy as well and who got in lower prices are confident of higher prices and so they held on...there are also some very hopefuls who had held the shares for years and are waiting for the price to reach their TP which is relatively much higher compared to closing price of 46.5 cents yesterday...in summary..there was GREED, FEAR & HOPE...What a wonderful mix of emotions...
yungshen1 article by KWTan above is very apt....Greed and fear are the greatest enemy when performing investment decisions on investment.
Greed will let you make money, but is reluctant to stop whereas Fear makes you lose the best investment opportunities.
Let us look at the facts...KNM price easily surged above the 200 days MA of 46 cents and closed at 48.5 cents on Monday...just a whisker away from the next resistance at 49.5 cents. It closed yesterday at 46.5 cents which is above the 200 days MA of 46 cents. So it was bullish for 2 consecutive days...
So the question is where will the price go from here...will it go down to 40 cents or will it stabilized at this level or will it move up higher...
My Take is based on chart info KNM had already reversed trend and investors who had sold out hoping for buy back at 40 odd cents may not concur....well that is their prerogative...they is maybe a 20% chance that KNM may revisit 40 cents and 80% chance that it wont revisit the 40 cents level...
If the price will not revisit 40 cents then the next question is how high will it go?? The answer is it depends on the latest upcoming quarterly report which is due soon and the strategic actions that management plans to take in the future that will enhanced the Enterprise Value of the company...
Please remember the stock market always predicts the future performance...As David Gartner once wrote: "We're patient investors who buy with the idea of holding on to our latest pick for at least a year or two - if not indefinitely."...I will not say that it is worth a hold indefinitely but maybe a year or two will suffice as my take is that KNM had already reversed trend to UPTREND...and there is a saying which I will like to share with you...
"He who sells last, laughs best to the bank as UPTREND has already started for KNM.. Once a trend reverses it will continue for a while...so ride the uptrend. Always remember that Fear makes you lose the best investment opportunities"
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
asriruslan
2,081 posts
Posted by asriruslan > 2013-11-12 10:45 | Report Abuse
Buy 11,670,500
Sell 18,039,800