"Knowledge without discipline is dangerous,discipline without knowledge has little value"
1) We are here to help out any I3 members of their stock TA. If you need help on any stock chart just address us as “Dear TCB..”
2) We encourage traders to buy stocks with a trading plan. Before you buy please have a Stop Loss in case the stocks go against you.
3) We encourage traders to cultivate a winning habit, that is to lock in profits often when the opportunity arises. Be focused. We are here with one purpose only, that is to make money, never let a winning trade become a losing trade.
4) We encourage traders to set a Trailing Stop to protect their profits when riding on a winning trade.
5) We encourage other traders that have TA knowledge to participate and help out others on TA. In this way we all can learn together.
6) We will never recommend any stock in this thread as Buying and Selling is solely your own decision and your own risk.
7) We may post the stocks that we are interested in, together with a TA reading on it for the purpose of sharing. These TA readings are to cultivate habits of 'Discipline' and 'Plan' before trading .
Matrixcool, good morning and thank you very much for your email alerts. I read Alpha Trader's recommendation on Samudra. It is promising and the price went up since then. I am just puzzle why the company sold all the 228 million Destini shares immediately after completion for 35 sen. If it kept for a short while, the present price is almost 70 sen and many gave TP 80+. There is a difference of 80m! Please correct me if I read wrongly.
Bone's gain is stated from the closing price of the day before his posting and to the highest the share price traded
1 July 2014 - Pinepac (TP:RM0.60 , Open price after call : RM0.47, Current price - RM0.445) -Loss of 6%, Bone's gain: from RM0.43 to RM0.51 (>20%)
3 July 2014 - IPMUDA (TP:RM1.40, Open price after call: RM1.21, Current price - RM1.28) - Gain of 4%, Bone's gain: from RM1.10 to RM1.54 (>30%)
4 July 2014 - SYSCORP (TP: RM0.65, Open price after call: RM0.56, Current price - RM0.60, Gain of 7%, Bone's gain: from RM0.52 to RM0.64, >20%)
7 July 2014 - LONBISC (TP: RM1, Open price after call: RM0.925, Current price - RM0.86, Loss of 8%, Bone's gain: from RM0.86 to RM0.94, >10%)
8 July 2014 - SAPRES (TP: RM1.25, Open price after call: RM1.17, Current price - RM1.10, Loss of 6%, Bone's gain: from RM1.07 to RM1.21, >15%)
11 July 2014 - CAB (TP: RM0.90, Open price after call: RM0.765, Current price - RM0.91, Gain of 20%, Bone's gain: from RM0.69 to RM0.84, >20%)
16 July 2014 - Dolmoite (TP:RM0.65, Open price after call: RM0.53, Current price - RM0.40)- Loss of 23%, Bone's gain: from RM0.43 to RM0.55, >20%)
18 July 2014 - EWEIN (TP: RM0.75, Open price after call: RM0.61, Current price - RM0.605) - Loss of 1%, Bone's gain from RM0.58 to RM0.64, >10%
22 July 2014 - EURO (TP: RM0.75, Open price after call: RM0.60, Current price - RM0.64) - Gain of 6%, Bone's gain from RM0.47 to RM0.64, >30%
24 July 2014 - LIONFIB (TP: RM1.30, Open price after call: RM1.16, Current price - RM1.25) - Gain of 8%, Bone's gain from RM1.02 to RM1.33, >30%
1 August 2014 - MASTEEL (TP: RM1.20, Open price after call: RM1.05, Current price - RM1.08) - Gain of 3%, Bone's gain from RM1 to RM1.07 >7%)
6 August 2014 - KPSCB (TP: RM0.80, Open price after call: RM0.635, Current price - RM0.605) - Loss of 5%, Bone's gain from RM0.56 to RM0.66 >20%)
8 August 2014 - HANDAL (TP: RM0.80, Open price after call: RM0.545, Current price - RM0.505) - Loss of 8%, Bone's gain from RM0.46 to RM0.545 >20%)
11 August 2014 - HTPADU (TP: RM0.0, Open price after call: RM0.78, Current price - RM0.735) - Loss of 6%, Bone's gain from RM0.70 to RM0.78 >10%)
18 August 2014 - EASTLAND (TP: RM0.60, Open price after call: RM0.48, Current price - RM0.455) - Loss of 8%, Bone's gain from RM0.45 to RM0.50 >10%)
THE MOST HAPPENING, HE CONNED INVESTOR WITH HIS ESTIMATED VALUE ON TIMESQUARE AT RM10,000 per square feet, not even KLCC has this kind of value! he valued bjasset's timesquare at RM5B! LOL, WHAT A JOKE
20 August 2014 - BJASSET (TP: RM1.20, Open price after call: RM0.98, Current price - RM1.03) - Gain of 5%, Bone's gain from RM0.90 to RM1.03 >10%)
Summary of Bone's calls 1. Out of 16 calls, Bone's only HIT 2 OF HIS TP ON IPMUDA (lucky because tan sri bought) and SYSCORP, the rest did not hit TP 2. 14 TP did not hit, stock god? 3. BONE's call gapped up, making him a rich man, raking on average 15% per call if he sells at OPEN price, 20 x 15% = 300%, geometrically, he will gain close to 500%!!! 4. If you hold his calls until now, you will lose in 9 trades, gain in 6 trades, after your transaction fees, you will lose about 30%-50%!! 3. ON AUGUST, bone has made HIS FOLLOWERS LOSS more than 30% following his calls
Joyous - what I meant was if the mother trends up while the warrant trends down, it is only a matter of time before traders realize that it is now worth trading in the warrant if upon conversion of the warrant, the price is less than the mother share. Sorry if I did not explain it clearly previously.
Joyous - BIMB wa is now testing its support level of 0.695. If broken, it will be heading towards its next support at 0.67. It is sold down today on low volume. If you intend to bottom fish, you may want to set a stop loss at 0.66.
valuemaster - thank you for the information. Irregardless, it is absolutely crucial that traders trade with a trading plan at all times with stop loss and trailing stops in place just in case any trade goes against us.
motomoto - no stock runs up non stop and in a straight line up. It has to take a breather which is healthy. With IFCAMSC, it is also the case. Good results will cause its price to go up in the medium term. What you are seeing now could be a short term consolidation on the stock. As more investors digest its results, then you might see it trending up over time. In between, there will be profit taking here and there but as long as the stock in on an uptrend then you will see its price appreciating.
hey profitman ... just want to say that u are ever so politely and gentlemanly replying all queries :) feeling so much warmth and sincerity !!! by the way, i have requested matrix to include me into his emailing list :) miss reading his analysis here :(
ctw101 - to set a trading plan is actually very simple. In it, you will have the support and resistance levels of the stock, your intended entry price and quantity and then you decide what should be your stop loss price if the share trends down. You also need to decide at what price to take profits if the stock goes up in price. SO, before actually buying the stock, you will have written down all the above information in your plan. Then when you trade, you will be aware of your potential profits and potential loss and whichever direction the stock price go, you need not panic as you know exactly what to do.
profitman .. i learnt from you :) u are my great inspiration !!! always always ... whenever i lack the mood to give comments i come here for an 'uplift' :)
Valuemaster, i had the same thought quite some times ago. I wanted to list down what u just did by summarising the percentage gain, but i just dont bother to do so. You did a great job.
300% gain for only 2 months. Thats about 1800% a year. If i were mr. Bone and started with rm100k investment to swing it. Thats 180million in one year.
But bone's input is very informative, we can keep that as reference.
Inwest88 - a totally changed landscape today. A sea of red with most stocks taking a severe beating. Suppose this must be the correction that we had earlier anticipated! Was very lucky to clear Keladi at 46.
Stage 3 of Market Cycle which the price can be volatile. After hitting high at 0.375 on 13/08, it has been consolidating between $0.34 and $0.36. The support at $0.34 is broken today and may find strong support at $0.3/$0.31. Further consolidation is expected between $0.31 and $0.36 in near term. Any rebound may re-test immediate resistance at $0.36 and strong resistance at $0.375. A break above $0.375 with volume signal Trend Reversal.
Stage 3 of Market Cycle- Distribution which the price can be volatile. After hitting high on 19/08 at $1.26, it followed by Evening Star next day which has Bearish Implication. Price/RSI has formed Bearish Divergence since 21/04/14.May find $1.16 as immediate support. If $1.16 is broken, may find stronger support at $1.11. Any rebound will retest immediate resistance at $1.22 and very strong resistance at $1.26. For short term trader, cut loss if $1.11 is violated. For medium term trader, cut loss if $1.01 is violated.
Was under consolidation since it hit a high of 1.30 on 14/8 and it culminated with heavy profit taking on 20/8 aided by panic selling where it penetrated its strong support base of 1.15. Its next support lies at 1.09. Need to take out its resistance at 1.15 in order to scale higher. It may not be out of the woods yet.
Currently trading sideways. Cracking its resistance at 0.22 is proving tough. In the short term, you can expect it to trade within a tight range with 0.20 as support and a 0.22 as resistance unless there is a catalyst to springboard it to the next price level.
valuemaster - good analysis on bones' picks. concur with your findings. Unless one buys before his articles come out, there is hardly any chance to make money.
tsy88 - good morning. Was lucky to sell almost all my penny stocks on Tuesday as I mentioned the market has to take a breather. yesterday morning also cleared some medium-hold stocks like Fitters, GHL, Ho Hup etc when I noticed that the sentiment is dropping in the late morning despite the index in the green. Will how the sentiment today. Pity those who are trapped in PDZ and Sumatec. Being the market leaders once they fall, the whole market will (on goreng stocks) will follow in tandem.
Tsy88 - it depends whether this is a genuine correction as the market can take on various scenarios, a meaningful rebound, rebound in early trading and continue its downtrend or stay stagnant fur a while etc...
inwest88 - in the past, after a sell off when the market trades at feverishly high volumes, I noticed it takes a couple of days for the market to recover. You are right, the key question is whether the rebound is sustainable.
SEACERA—Hit my target of $1.40/$1.44 (at $1.42) on 19/08 and started its consolidation now. The uptrend is intact and due to panic selling yesterday Seacera even violated its strong support of $1.24 but managed to close above it. Some sideways consolidation( $1.24-$1.35)can be expected in the near term and if you are collecting during consolidation please set your Stop Loss if $1.20 is violated for the short term trader and $1.12 (if violated) for mid term traders.
I think most of us panic with yesterday's market. I was quite reluctant to sell ILB and Keladi with profits on 19/8/14, maybe becos I've sold Sntoria-wa too early on the same day, I would have made more profits if I hang on a little longer. Then I was complaining to you in the evening. You remind me to lock profits. I took your advice and sell ILB n Keladi in the morning the next day. By late afternoon, suddenly the market turns ugly....I just out from the ladies and saw Sumatec 530 and everyone was selling n selling...my sister enquire what happened....I also don't know...she panic n asks how....??? Well, I would like to give a BIG THANK YOU, Maxtricool for reminding again n again to lock profits and stop loss...n I am still learning the art of doing it.
sunshine96 - congrats in getting out in time for gains. In stock trading selling is the most difficult part and you will soon get to all post-selling emotions day by day. matrix is absolutely correct in advocating a 'locking in" profit policy which I practice myself. Just take note that a one dollar realized gain is always better than a ten dollars paper profits as evidenced from the sell down yesterday when paper profits turned to realized losses for some people.
profitman - concur with your view. Even though some stocks which were battered down yesterday rebounded the overall market sentiment is still not encouraging.
inwest88 - in the past, after a sell off when the market trades at feverishly high volumes, I noticed it takes a couple of days for the market to recover. You are right, the key question is whether the rebound is sustainable.
tsy88 - wanted to be on the sidelines today but couldn't control my itchy hands. Did one and only trade today for some whisky money. Spotted Emico in early trade and bought some at 25.5 sen. Then before leaving keyed -in to sell at 28 sen. Was done in the afternoon. In fact it went to a high of 32 sen. Nevertheless contented with the gain.
sunshine96, i totally agree with you. I am so blessed to be on the Brother Matrixcool mailing list. I locked in my profits in Sntoria, Pmbtech, ILB because in his mail he feels the stocks may need to take a breather. Brother inwest88 , ya, like you he always reminds us to lock in profits and take losses early. God Bless TCB and brother Matrixcool.
Congrats. You did it again. When I saw Emico, it was gaining only 2 cents. Emico is a laggard and has hardly moved for so long. Thinking that it could sustain, was not interested. In the afternoon, was surprised to see it tag on a 6 cents gain! Then I remembered that last time when Emico surges, Dataprep would follow suit. Truly it did. Again, it was too late for me to buy.
Same thing goes for Gkent and Johan. They are inter-related as they share same shareholder in Khoo Kay Peng. Only found out today.Gkent has been setting new highs and so does Johan.
Today, I bought Guoco at 1.89 to average. Had entered 2 days ago at high of 2.03.
Did you clear Aax Cl? Thought today's level at 7 is very attractive for entry.
Am very in interested in Sntoria and its Wa. Think it has potential to scale higher.
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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 TechcodeBreaker > 2014-05-18 01:09 | Report Abuse
"Knowledge without discipline is dangerous,discipline without knowledge has little value" 1) We are here to help out any I3 members of their stock TA. If you need help on any stock chart just address us as “Dear TCB..” 2) We encourage traders to buy stocks with a trading plan. Before you buy please have a Stop Loss in case the stocks go against you. 3) We encourage traders to cultivate a winning habit, that is to lock in profits often when the opportunity arises. Be focused. We are here with one purpose only, that is to make money, never let a winning trade become a losing trade. 4) We encourage traders to set a Trailing Stop to protect their profits when riding on a winning trade. 5) We encourage other traders that have TA knowledge to participate and help out others on TA. In this way we all can learn together. 6) We will never recommend any stock in this thread as Buying and Selling is solely your own decision and your own risk. 7) We may post the stocks that we are interested in, together with a TA reading on it for the purpose of sharing. These TA readings are to cultivate habits of 'Discipline' and 'Plan' before trading .