I still think it's accumulating stage.The syndicate keep trying to depress price to accumulate whereas counter like ifcamsc I believe it's distributing stage.They don't depress price.
Annetan, fyi counter like ifcamsc is currently under syndicate's play meaning the movement is dictate and dominate by them, retailer players like us just follow. Many brokerage firms have advised traders and investors alike to stay away from this counter unless you have a steady heart to embrace the sudden up & down prices momentum.. I invested some in ifcamsc, now got stuck and try to get out asap.
Hats off to you for playing this counter.Reality is playing this counter pays off for many.However one must be decisive in cutting loss when it hits certain level.You mustn't wait till you are break even otherwise it might never come.Now it's a very difficult market now.Stocks that shows chart that are rather safe bet is no longer safe and those which you think is risky pays off.Really luck factor is so very important at this moment.
congratulation vinvin.... so you average should go down already... hope the operators do not abandon this stock after this... your 3 months maybe 3 years!
woah, Annetan, good sharing from you, I love a good debate, your analysis a bit extreme, not overly extreme yet, period, for me to digest
if were to drop below 1600, that would already be more than 296 points drop, about 15% drop from 52 weeks high was 1896 and low was 1671.
Even within 2 years period, lowest point was at 1660, that was on Aug 28th 2013, drop from high 1811 on Jul 26th 2013. That was 151 points drop, before climb back up to 1882 on Dec 31st 2013.
In 2011, high was 1595, low was 1310, that was 285 point drop. The cause of the drop was : September 17th – Occupy Wall Street protests begin in the United States. This develops into the Occupy movement which spreads to 82 countries by October
You mentioned possibility of heading down to 1450 if it breaks 1680 level, that would be 23.5% drop
So what would be the cause for this possible future drop? Pls enlighten me... I'm not the expert trying to learn more from the expert.
Other than Greece, China Bubble (under control by Chinese Govt), oil price (which hover between usd55-65, it can't drop past usd45 as proven it hurt the economies, as low as it will be at usd50)
Jy108,you will never know but the index operator knows something and it's indicated in the chart.For those who look at the chart, they are scared of the possibilities.I use to trade without charts in my early yrs but since 2003 I started to look and since then I have never trade without looking at charts,It tells you the possibilities and it helps to manage your risk.Before the drop in 2008 to 801,the chart already showing the potential head and shoulder formation targeting the index at 800 when the index then was around 1300.Who would believe when the index was ard 1300 and you tell them the chart had a potential head and should formation targeting 800?They would think that you are being ridiculous!
As for biohldg,since it broke the .315 ,it's a guessing game now.Only the operator knows what level he is targeting and yet the index has not even hit 1718! As have said earlier,the operator keeps on wanting to depress the price.It's most unfortunate i went into this counter.A new discovery a few days ago,it's important to look at the hourly chart! Had I look into this,I wouldn't have buy back when I sold a chunk at .3771!
Annetan, so based from the chart, the possible drop to 1450 will be roughly when?
the 2008 financial crisis was mainly due to US subprime crisis and high risk financial products, so what will be the main cause of event for the coming crisis?
Many were stuck when bought above 0.38, lucky for me i sold all when it was above 40c.
0.315 Q sell big volume suddenly gone, guessing it was to get people to buy more at 0.310 to prevent further drop...
based from the chart, today low price to buy will be 0.30-0.305 as I mentioned earlier, 0.31 still good, if it rebound next week, that would be handsome gains
Jy108,I am still not good enough to tell you the time frame.However you have to watch when the klci breaks 1673-1680 you better sell.You and I will never know the reasons why but the operator has already known what risks lie ahead,hence the chart formation.
KLCI chart, there's a pattern, every 3 years after the 08 financial crisis, will have a big drop but not huge one that classified as financial crisis...
Last dec was 225points drop from 1896, if for guessing, next low for KLCI will be at 1626, that's 270 points drop from 1896 high...
So let's hope for the best, next week KLCI rebound and hit new high break 1900...
now wait for 330pm - 430pm, see if KLCI can hold above 1750
jy108,since you are looking at the chart,look back the chart before 2008 and see the head and shoulder formation and draw out the target price and you will find it's 800.I couldn't believe myself when I saw and draw the target.But then I was a chart learner of abt 5 yrs though fearful of what I read abt head and shoulder formation but not sure how true it can be.See what I mean the operator just want to depress the prce.10000 sellers.
yes i checked, for 2008 the head and shoulder is quite obvious and the neckline too... 10 months from left shoulder to right shoulder... 14 months of high speed climb that was 459 points climb to form left shoulder
but currently,
from 2years chart, based on last May was the head, nov was right shoulder, dec was the drop... 12 months from left to right shoulder 4 months climb 186 points to form left shoulder
from 10 years chart, dec 2013 was the left shoulder, mar 2015 was the right shoulder... 16 months from left shoulder to right shoulder
If next week rebound, and break 1862 it will further goes up to break new high if next week continue drop and go down to 1626, then it's a "big drop" but not financial crisis
oh yeah, from 5years chart it's obviously seen, but it was only 181 points climb to form left shoulder Jul 22 2013 is the 1st peak 22 months from left shoulder to right shoulder due to Jan 2014 drop may have disrupted the formation
the probability of financial crisis? i stay optimistic
unless dec 2007 is the left shoulder, head is jul 2014... then it will be a mega class financial crisis...
For all you know,the operator is looking into this forum and see what the retailers think.Cannot reveal too much of biohldg.How long you wanna torture us?
that is the end of May.... bad ending.... for month of June, watch out for these 2 counters, Xinquan and Pworth! The operators don't give a shit about the crisis...
The funny thing abt xinquan is why does this counter at this price when every yr earnings is abt .40 cts and cash rich?What the hell is wrong with this counter?Is it afraid of fraud accounting?Can anyone shed some lights on this counter?
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zhm540
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Posted by zhm540 > 2015-05-29 10:43 | Report Abuse
despite 2.5 mill buy Q and 500k sell Q, the price has not moved as the retail players are stucked already....