My prediction is that the share price will slowly rise in anticipation of a better quarterly result. The next 3 quarters will be extremely good to at least match last year's performance. If proven true that next quarterly result is good, then the share price will fly north. My previous experience with Gadang is that Kok Onn is honest and once he has committed openly to the press, he will follow through. Indeed, it has been a few times that management has commented that FY17 results will be as good or even better than 2016. The share price will definitely rise from now on. After 2017, then 2018 will be supported by the project wins in 2017 such as an MRT package, hospital win in cyberjaya and just maybe, the LRT project. Then , this will be bouyed by Capital City and Cyberview. With such high earnings visibility and management competency and honesty, this share will rise north. You will win only if you dare to bet big and believe.
Investors' Common Mistake - Koon Yew Yin Author: Koon Yew Yin | Publish date: Sun, 1 Jan 2017, 09:55 AM
I wish to take this opportunity to wish you a more profitable new year. I strongly believe this investment lesson will help you make more money.
As I said before no share can go up or come down indefinitely for whatever reason. If you look at the chart of any good growth stock, you will notice that it will go up for a few months and it will trade within a narrow price range for a short period which is called the consolation period. As soon as the company announces an increased profit for the next quarter, its share price will continue to climb.
The price movement is like any house stairs. It rises half way, it has a level landing for you to rest before you proceed to climb again.
Most chartists and ordinary investors would sell during the consolation period. Most chartists will only buy back when the price goes higher to pass its 200 day moving average. They will not buy at the pivoting or turning point of its trend because they consider it is not so safe. Supper investors will take the risk to buy at the turning point of trend reversal.
Most ordinary investors will not buy it back at a price higher than their selling price and miss the chance of making more profit.
Someone told me that he sold all his CSC Steel shares at Rm 2.14 on the last trading day of the year, 27th Dec. 2016. Basing on fundamental analysis its price should go higher when it announces its increased profit. If he is like any ordinary investor, he will not buy back when its price goes higher than his selling price.
This reminds me of VS Industry when its price was consolidating, a Canadian Chartist advised me to sell because he sold. When VS reported increased profit, its price continued to climb again, the chartist and a few ordinary investors I know did not buy back at a higher price than their selling price because they did not want to admit their mistake.
But I continue to buy until I became the 2nd largest shareholder, owning 102 million shares as shown in its 2015 annual report. I sold all my VS shares and I do not have any more VS shares.
A professional chartist told me that he cannot recommend buy on Lii Hen and CSC Steel because they are in the consolidating period. My advice is that all chartists and investors must check their track record to examine their performance. If they have not been performing as well as they like people to think, they must change their method of buying and selling.
Please note that the performances of all professional fund managers in town are not doing well in 2016. Please read the below link :-
My Last Posting - Koon Yew Yin Author: Koon Yew Yin | Publish date: Thu, 29 Dec 2016, 11:05 AM
In a few days, I will be 84 years old. I wish to retire from posting any more articles to avoid frustration and irritation from a few idiots who frequently make senseless comments. It is so sad to see that these idiots do not know that they are really stupid and poor.
If timetokoon, murali, and stockraider can show the amount of profit each of them has made from the stock market in whole of 2016 with documental proof, I am willing to give them double the amount they have made.
Many want to know why I dare not participate in Tan WK’s i3investor competition. The reason is that I cannot change the shares I picked at the start and to win I will have to depend on luck. In the actual situation, investors do not just buy shares and keep them for one year.
In fact, I wrote to offer RM 100,000 as price money to Mr Tan WK to make the competition more exciting with the condition that participants can change the list of shares they picked. But he replied that he could not accept my offer because of a few constrains such management difficulties and the limitation of the computer system.
My RM one million price investment competition proposal which RHB and Maybank rejected, is being considered by CIMB seriously. This price incentive will encourage more people to improve their investing skill. You have to have real money/capital to participate. I hope CIMB can get Securities Commission’s approval.
My last gift:
What is poison ??? Anything is more than our necessity is poison such as food, ego, greed etc.
What is fear??? It is non acceptance of uncertainty. If we accept that uncertainty, it becomes adventure.
What is envy??? It is non acceptance of good in others. If we accept that good, it becomes inspiration.
What is anger??? It is non acceptance of things which are beyond our control. If we accept, it becomes tolerance.
What is hatred??? It is non acceptance of a person as he or she is. If we accept him or her unconditionally, it becomes LOVE.
From now onwards, I will post all my writings on my own blog: koonyewyim.com. You are free to visit the site anytime.
After this last posting, I can happily buy or sell to make money to give away. Best wishes and good luck for 2017 to all my readers.
It is my english too poor or he got a short term memory nowday? I wonder....
In a few days, I will be 84 years old. I wish to retire from posting any more articles to avoid frustration and irritation from a few idiots who frequently make senseless comments. It is so sad to see that these idiots do not know that they are really stupid and poor.
From now onwards, I will post all my writings on my own blog: koonyewyim.com. You are free to visit the site anytime.
please be fair to kyy, due to human limitation ,his words had been 50% right , 50 % fallasy. so you have to exercise respective intellectual analysis and differentiate. 02/01/2017 15:03
Gadang may trend higher, says RHB Retail Research By theedgemarkets.com / theedgemarkets.com | January 3, 2017 : 9:18 AM MYT Printer-friendly versionSend by emailPDF version Translated by Google Translator: Select Language▼ KUALA LUMPUR (Jan 3): RHB Retail Research said Gadang Holdings Bhd may trend higher after recently surpassing the RM1.05 level, albeit marginally. In a trading stocks note today, the research house said a bullish bias may be present above this point with a target price of RM1.21. It said the stock may turn sideways if it cannot sustain above the RM1.05 mark in the near term. “In this scenario, support may be found at 99.5 sen, where traders can exit upon a breach to avoid the risk of a further correction. “Alternatively, a stronger support level expected at 89.5 sen can be used as reference,” it said.
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....
tksw
12,778 posts
Posted by tksw > 2016-12-30 16:18 | Report Abuse
keke sifu, now oni you know. this penggoreng kena laugh by me now dun wanna be an ATM machine liao