To me, this rally does not come with news but purely because knm shares hv been dropping so much that's rebounce should be stronger as well. Let's come to a basis, price is determined by buyers and sellers, when market sentiment is good, rally trend is there then more buyers will step in. This is a good rally and I hv re entered this counter at 505 and 515 even I hv just sold shares last 2 days. If u keep thinking "I will buy this counter when it drop back to 50 cents or below, then I bet u will miss and end up buying it at even higher price i.e 55 cents or above" uncle and auntie always did it
Turtle, that being said, for a biz like knm its actually common sense that at .45 or .46 it is quite near to the rights issue price. In due course major shh will need to re coup or pay back bankers.
Overall the worldwide market is doing well, Singapore oil and gas counters keep challenging or breaking new resistance. Based on my studies, Malaysia counter will always rally after singapore and since Singapore counters have been performing well then why not just give it a shoot to knm? Of course, there is always a risk there. I hv been monitoring the price/volume movement in knm and I believe this rally is not simply and no reversal signal yet for this counter. Volume maintain at around 20m and I believe there should be a day, maybe next few days, the volume will hit around 30m then this rally will officially start.
One really needs a lot of guts to keep holding on to a counter after a significant rise. There's always the worry that it might slip back... and with this, your on-paper profits. But that's how those people make big money - they wait for big gains. This is a trait that I don't have. Maybe it's because my "trader's trait" supersedes it; always cashing out when there's "enough" profit.
Basically each person have different personality,that why the important part is find out which type of invest method that suit to you and you are enjoying it.Like MC like fireworks type,warrant is his favorite.If MC play like cold eye taste may be he will be frozen lol...
Hi,yungshen1, i remember u asked me my entry price but i was too lazy and no mood to answer bcos the price keep dropping. Today, my spirit is back.Actually, I have been buying since 55sen, 50sen, 45sen. Sold some today to buy its warant. Tq for your promomtion of this counter.Hope to sell after gen. election.
ah My friend YS1 you r true indeed a Master of KNM. I still remember u said KNM will goreng Jan - Mar and looks like it's doing just that according your prediction. Hope all here makes lots of monies and better days ahead for KNM.
yungshen i wish to bet with you in real money Rm 500 if KNM monday can touch 0.60 cent. Because i plan to buy knm-wa if you so confident KNM can reach 0.60 on monday by than KNM warrant may trace at p0.15 cents too....
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....
Yuzuki
1,437 posts
Posted by Yuzuki > 2013-01-09 16:19 | Report Abuse
thanks to old-sk for recommending 'pen-dek' today, fv 1.00 somemore hehehe lol