Posted by yeekarwai88 > 2015-12-09 22:06 | Report Abuse

Ya,tomorrow may profit taking.
Nvm,we hold tight.

Posted by tksw > 2015-12-09 22:17 | Report Abuse

optimus88888 sifu, overpriced already arr? sei for lor, today I average buy price around 208.

Posted by funitec > 2015-12-09 22:35 | Report Abuse

Sold some @2.07. Hope profit taking brings it to 2.00. Wanna buy. Crossoverjust occured. Bollinger will open....up after a bit down ...hopefully.

Posted by SuperMan 99 > 2015-12-09 22:54 | Report Abuse

Up & down are normal, taking profit is also normal after so many days up, but said over-priced without supporting point or evidence, it is NONSENSE & CHEAP CALL.

Optimus88888, welcome to prove your point.

Posted by Icon8888 > 2015-12-09 23:02 | Report Abuse

I better don't say anything

Nowadays I very smart already, far far away I see trouble maker, I will hide in the lalang bush

Posted by zbaikitree > 2015-12-09 23:04 | Report Abuse

Icon8888. U do know that icon88888 is kcloh?

Posted by zbaikitree > 2015-12-09 23:04 | Report Abuse

I mean optimus88888

Posted by Icon8888 > 2015-12-09 23:05 | Report Abuse

Oh no oh no please don't bully me... I said already I don't want to be part of this ... (Squat down shivering and cover my head)

Posted by SuperMan 99 > 2015-12-09 23:07 | Report Abuse

Hahaha, Icon, pity you.

Anyway, keep your good works, truly appreciate that.

Posted by Icon8888 > 2015-12-09 23:09 | Report Abuse

Superman what else is good to buy ? I bought fajar WB at 15 sen to speculate on them getting railroad contract

Posted by SuperMan 99 > 2015-12-09 23:26 | Report Abuse

Icon, your selection of stocks is more wide spread & solid, I am still learning the trade from you.

I saw you collecting KESM & I am indeed collecting Penta.... :)

I am now writing about Penta & hope will be out by this 1 or 2 weeks. I am accountant, so I will can only look things from figures, not as good as you.

Meanwhile, waiting something to happen & try to collect cheap.

Posted by Icon8888 > 2015-12-09 23:28 | Report Abuse

Superman u accountant kah ? So geng !

Can I ask u a technical question ? In geshen latest quarterly report , there is an item in the P&L called "changes in inventories" of RM2.2 mil

What is that ah ?

Posted by yeekarwai88 > 2015-12-09 23:35 | Report Abuse

Superman99,I also want ask you.
What is "operating expense"

Posted by Icon8888 > 2015-12-09 23:41 | Report Abuse

Superman last time u mentioned u r a business man, I thought u sell hand phone in pasar malam

Now I know u accountant, I feel so respect respect

Posted by zbaikitree > 2015-12-09 23:43 | Report Abuse

i remember icon8888 said accountant is the worst stock mkt player he has seen.

wakakakak. now change tune to respect?

Posted by zbaikitree > 2015-12-09 23:54 | Report Abuse

haha. ok.

got few type of accountant one la.

1. accountant only. (agreed with ur stmt)
2. accountant + MBA + Equity Research Background

wakakakakaak. needless to guess. u know who i m talking about lay.


laughdieme liao.

Posted by SuperMan 99 > 2015-12-09 23:54 | Report Abuse

Something related to presentation of accounts for manufacturing company & the movement in the closing stocks (finished goods & work in progress).

Raw materials were consumed to produce finished goods or work-in-progress, the costs were taken up in the accounts but some raw materials were used to produce unsold closing stocks/WIP.

Since it is not consumed or sold, the corresponding changes will be reversed back from the accounts, thus showing positive amounts in PL.

Positive amount means the level of closing stocks/WIP were higher than the previous period whereas Negative means closing stocks were reduced or more were sold.

Hope it is ok to you, Icon.

Posted by SuperMan 99 > 2015-12-10 00:01 | Report Abuse

Accountant has advantage of easy understanding figures from the reports but I have to admit most accountants are kiasu & kiasi one, including me... :(

I am running my own business in services line, ha, not selling products.

Posted by Icon8888 > 2015-12-10 00:03 | Report Abuse

I thought u open accounting firm ?

Posted by zbaikitree > 2015-12-10 00:05 | Report Abuse

superman, i was accountants. i see all the accountants kiasu, kiasi, kiabor, kiaang, kiamsiap, Kowpeh, Kowbu. so boring, so i left.

i have a sister who is a cfo is MNC. after a dinner meal, she will check the bill and ask many questions before she paid it.

Posted by Icon8888 > 2015-12-10 00:11 | Report Abuse

Ok guys it is time to zzz

Superman it is nice to know you. I like your life story. Professional income + investing skill = hope, plenty of hope, and bright future

As for optimus, I don't dislike you anymore

See you guys around

Posted by SuperMan 99 > 2015-12-10 00:14 | Report Abuse

Nice to know you too, Icon, & would like to take this opportunity to thank you for your articles about Gadang. Really open my eyes.

Good night, Icon & everyone.

Posted by kancs3118 > 2015-12-10 07:02 | Report Abuse

@ superman99, icon8888, optimus,
Just wanna ask...me also accountant - but looking to break into equity analysis - but dunno how to do it? ever since i started investing in the share market, start to feel very passionate about this field...may consider doing CFA/ MBA...but don't know how to start...can advice? join an investment firm as a junior? but will they hire a 30+ year old guy as a junior? ......thanks...

Posted by Icon8888 > 2015-12-10 07:12 | Report Abuse

I think stick with accounting profession better, more stable

Maybe be a blogger, if u want to analyze stocks

Posted by tksw > 2015-12-10 08:49 | Report Abuse

SuperMan sifu, zbaikitree sifu, kancs3118 sifu, next time can ask you question on accounting liao.

Posted by tksw > 2015-12-10 08:58 | Report Abuse

SuperMan sifu & accountant sifus, 1st question - For a 2 years construction project of 50mil, must a company recognised profit using long term contract accounting? Is using percentage completion method = long term contract accounting?

Posted by tksw > 2015-12-10 09:06 | Report Abuse

Gadang testing 200 break out point?

Posted by tksw > 2015-12-10 09:08 | Report Abuse

ole-ole dapat tangkap 208-209 5 lots each...

Posted by tksw > 2015-12-10 09:12 | Report Abuse

today break my purchase record again 1 lot 211, kakaka

Posted by SuperMan 99 > 2015-12-10 09:14 | Report Abuse

Dear all, try to learn accounting skills or knowledge does not really help in improving investment skills, not at all.

To improve investment skills, the only ways are to read more books, annual reports, analysis & researches done by bankers/professionals & many great people like Icon8888 & many sifus in i3.

After knowing the basic terms in investment, that will still not guarantee you can become good investors & make handsome profits in investment, you will still need to learn the trade, get burn, make loss, gain profit, When to go in & When to exit.

Posted by force > 2015-12-10 09:21 | Report Abuse

I wait for gadang adjustment

Posted by tksw > 2015-12-10 09:31 | Report Abuse

I once asked a CFO of a company, she told me their accounts was prepared using percentage completion method but did not use long term contract accounting. I was confused. The project is around 50mil for 2 years and is to be completed next few months. I didn't see any WIP in their accounts nor notes on movement of related cost .

Posted by tksw > 2015-12-10 09:47 | Report Abuse

force sifu, wait until what price?

Posted by SuperMan 99 > 2015-12-10 09:47 | Report Abuse

Tksw, i suggest not to discuss here as not appropriate, but advise you to look for accounting standards for construction contract and LHDN's public ruling on construction. Property development will be treated differently.

Posted by tksw > 2015-12-10 09:49 | Report Abuse

oiyo, 206, die liao.

Posted by SJSOON > 2015-12-10 09:56 | Report Abuse

從Bid-Ask Queue哪裡可看到，賣家太快亮出底牌，買家都還沒有Queue in呢。

Posted by SJSOON > 2015-12-10 09:58 | Report Abuse

Now the market now most shareholders wanna sell off their shares. Then, the potential buyers will just wait without submitting their orders at the queue line for those impatient shareholders to dump their shares.

Posted by SJSOON > 2015-12-10 10:00 | Report Abuse

If I were a buyer, I would not key in my price now. From 2.10 to 2.13, you can see so many queues to sell. Buyers now have more bargaining power.

Posted by SJSOON > 2015-12-10 10:01 | Report Abuse

That's why I say, whenever you wanna trade, be patient. =)

Posted by tksw > 2015-12-10 10:08 | Report Abuse

SJ SOON sifu, the buyers all veli smart, dn wanna wait for impatient sellers to "take profiit" .

Posted by 2721 > 2015-12-10 10:10 | Report Abuse

SJ wat is ur tp or u will hold forever?

Posted by Icon8888 > 2015-12-10 10:27 | Report Abuse

i think selling pressure more or less absorbed

Tan Sri knows what he is doing. He never leave a fried rice half cooked

Posted by tksw > 2015-12-10 10:30 | Report Abuse

Icon8888 sifu, yalor.

Posted by SmartAss > 2015-12-10 10:34 | Report Abuse

Only half cooked Sifu would speculate.

Posted by yeekarwai88 > 2015-12-10 10:37 | Report Abuse

Rest awhile to walk further.

Posted by tksw > 2015-12-10 10:44 | Report Abuse

whom is fully cooked? SmartAss? kakaka

Posted by SJSOON > 2015-12-10 10:52 | Report Abuse

2721: I have been mentioning that my TP1 2.50 (technical) and TP2:3.24 (Fair value estimated by using FCF discounting method)

Posted by tksw > 2015-12-10 10:55 | Report Abuse

SJSOON sifu, now the price just started to move, no where near the TP, too soon toking retracement hor?

Posted by SmartAss > 2015-12-10 10:56 | Report Abuse

I was never a Sifu and never will be one, since I do not know cooking ; D

Posted by tksw > 2015-12-10 11:00 | Report Abuse

Whom doesn't speculate in stock market?