Dear frens and forummers, i set up CHRISSYCONN to share our trading and investing ideas. We shall start afresh in this new place WE proudly call HOME .
It is our dream to become a Successful Trader as well as a Super Investor. To make our dream comes true, we embrace TA, FA and a business mentality.
Yes, we will be stressful pursuing our dream .... so ps feel free to share your humour with us so long as IT IS not offensive to anyone in this HOME.
Lastly, we would like to remind everyone to trade / invest at own risk should u choose to buy our stock pick .
FOR CHARTS, PLS VIEW OUR BLOG
http://chrissyconn.blogspot.com/
eh asakura .. tot posted earlier ! price is now hovering around the ascending price channel lower boundary .. not very confident that price will bounce up again to test the 1H descending triangle cuz there is a bearish MA crossing on 5min !
Posted by connie > Mar 21, 2018 12:04 PM | Report Abuse X
HY 1H chart - technically, we shud be bearish bias cuz (1) descending triangle after a downtrend is a bearish continuation pattern (2) 200MA is pointing downwards
15m chart - there is an ascending price channel and price is grinding slowly upwards - perhaps price will move upwards and then find resistance at the descending triangle downtrendline - if price cannot break above this line but later dip and break 8.2ish support instead, then it's gonna be bearish
1) those in position, set stop some bids below 8.22 2) those NOT in position, wait till price hits the lower boundary of the price channel and then monitor if the bulls are coming in to support .. to note 1st tp shall be the descending triangle downtrendline .. do not aim for those sky high TP cuz remember there is no sign of daily downtrend reversal as yet !
allwin,when hrc has finally bottomed maybe after few months,a new batch of cw will be issued with low exercise price,thus killing the last batch of cw at high exercise pr....that is why i always said...cw are not for newbies n the faint hearted
so true rchi ... i really have trouble monitor those bids spread for warrants !! played one round of ch with rchi dearest .. in the end, still more comfy with mummy :)
I always notice banks rush to issue cw when the share is hot but when close to expired the share is beaten down badly due to some negative news out like bad quarter.. it always happen.. so coincidence or manipulative ?
SC acts against escalating 'pump and dump' activities on social media Neily Syafiqah Eusoff / theedgemarkets.com
March 21, 2018 16:57 pm +08
-A+A KUALA LUMPUR (March 21): The Securities Commission Malaysia (SC) today issued a warning to investors over the increased use of blogs, forums and social media platforms to spread false and misleading information on certain companies in order to perpetrate 'pump and dump' schemes.
Perpetrators would accumulate shares at lower prices before posting positive sentiments about the companies, with the intention to spur interest in the shares in order to drive up its price.
When unsuspecting investors buy the shares, it gives the perpetrators an opportunity to sell the shares they hold at a profit. Investors who have bought shares at the inflated price will suffer losses when the hype eases.
In a statement today, SC said the commission and Bursa Malaysia recently identified a blog 'Bonescythe Stock Watch' that published various articles containing statements and forecasts that were misleading and deceptive, an offence under the Capital Markets and Services Act 2007.
The blog has been removed following SC's intervention action, it said.
"The SC advises investors to always exercise diligence and verify the legitimacy of information before making an investment decision.
"Investors are reminded to be cautious of the risk of fraud and when in doubt, to seek advice from persons who have been licensed by the SC," the regulator said.
SC suggested investors to always question the intention of anyone who gives free investment advice, differentiate fact from rumour, carry out own research and check with the regulator.
Today's statement from SC comes a year after the regulator told stockbroking companies and investment banks that it had discovered certain groups of market participants using social media and the Internet to carry out manipulative schemes via "pump and dump" activities.
again it goes like this :- 1) do we need to close down all ciggy companies cuz ciggies cause cancer; more so to the non-smokers who inhale the smoke ? 2) do we need to close down McD that promotes yay happy-meal (the burger pate is not even real meat!) to our kids ? 3) do we need to close down genting cuz end of the day nobody will win except the casino; ie the law of large numbers and the edge it has over us ? gambling is a vice that leads to debts, broken family, suicide etc etc 4) do we need to close down all night clubs to curb prostitution, sale of ecstasy pills and other drugs ?
therefore, we need to educate ourselves :- 1) don't smoke - why the hell smoke when there is no good reason to ? 2) don't eat McD - why the hell eat junk ? 3) don't gamble - why the hell part all your hard-earned money to the lims ? 4) don't go night clubs - why the hell go to a place full of immoral activities ?
so, EQUIP YOURSELVES WITH THE NECESSARY KNOWLEDGE JUST SO U WON'T BE CHEATED BY BONE OR MEAT OR HEAD OR TAIL !!!! have some common sense - if they are all so good they won't be here prowling on small retailers .. do not blame bone or anyone for that matter
To be fair n to be seen as fair,SC has to provide evidence that Bones has benefited directly or indirectly monetarily from the surge in the prices of the stocks he promoted on his blog.
Just a surge in prices of stocks Bones promoted proved nothing.
I believe in the coming days SC may shed more light on this incident.
aiyoo asakura, if rchi kor say in forum also kena, susah already. Whole i3 need close since so many different thread people recommend different2 stock.
today there is bone .. tomorrow there is marrow ... next week there is bonemarrow !! just don't bother ... is it not good to have them to give heads-up which one is being goreng ?? then if u know how they play, u also tumpang untung untung sikit mah :) what is the big deal ?
every time when i read his articles i skip all the wordings and go straight to his chart and TP :) so not very sure about this academy award script ! LOL
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 547 views | 3 d ago
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New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
Posted by Christine Goh > 2014-03-11 21:40 | Report Abuse
Dear frens and forummers, i set up CHRISSYCONN to share our trading and investing ideas. We shall start afresh in this new place WE proudly call HOME . It is our dream to become a Successful Trader as well as a Super Investor. To make our dream comes true, we embrace TA, FA and a business mentality. Yes, we will be stressful pursuing our dream .... so ps feel free to share your humour with us so long as IT IS not offensive to anyone in this HOME. Lastly, we would like to remind everyone to trade / invest at own risk should u choose to buy our stock pick . FOR CHARTS, PLS VIEW OUR BLOG http://chrissyconn.blogspot.com/