Latest Posts By richtan - Supreme About richtan |
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29-May-2009 19:21 | China Hongxing / Good support at 0.185 Go to Message | ||||
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To a TA trader, it doesn't really matter whether it is another secret accumulation or ultimately failed accumulation or wrong assesment, as at the end-of-the-day, we still trade & act based on charts & "cover our asses" by setting cut-losses point and not being emotional. A well-horned trader can decipher from your such emotional posting, screaming hysterically "tumbling...tumbling...tumbling.." when it merely drop just 0.005 cts & rebut a kind reply as "cover your ass", tat this forumer is really a greenhorn though u may never admit it to save your face. A thief never admit he is a thief. Likewise, are u going to scream euphorically, "flying... flying..flying.." when it merely rises 0.005 cts.. A true trader knows he must "cover their asses" , not being egoistic, knows when to cut-losses", not stubbornly stick to thier guns & end up asshole haemorraghing when mkts turn against them, as no TA is 100% guaranteed Frankly, I would have chosen to ignore your emotional noises as it won't hurt my pockets a single cents but I was kind enuf to chose to reply hoping tat u learn not to be emotional in trading but unfortunately u chose to be unappreciative as in the famous Chinese saying "Pu chi how ren sin, ko yau li tong pin" Though u may be unappreciative, my parting shot to u: To be successful in trading, learn to "cover your ass" by setting "cut-loss" point & read up more trading books. I m not going to spoonfeed u, do a search for one of my earlier posting whereby I recommended a few good trading books or attend some trading courses. There is no easy way out, u have to learn the ropes of the trade & not getting emotional. It will stand u in good stead as u master the art of trading using TA & not emotion.
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29-May-2009 12:46 | China Hongxing / Good support at 0.185 Go to Message | ||||
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Oh dun worry, I m not quarrelling with a newbie, just trying to give unsolicited free education which took me years to accumulate & thousands & hours spent to master the art of trading. Alas, my efforts go unappreciated. Reminds me of the saying "Pu chi how ren sin, ko yaw li tong ping"
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29-May-2009 12:37 | China Hongxing / Good support at 0.185 Go to Message | ||||
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Then u must be the greenest of the greenhorn, yet deny. Btw, I m not an analyst n I dun issue report, tats the beauty of posting in forum, expediency, reports take time, even if the analyst want to "cover their ass". their reports are generally daily or weekly by nature, so dun expect hourly reports. If u are not greenhorn, then show me which analyst issue hourly reports, comon, wake up lah, dun dream. Also dun u know analyst want to save face, even in their reports, u must be real blind not to notice tat they often use the word "may" or "possibly", isn't tat done to "cover their asses". I m sure u nuts about wave count analysis, tat there is always an alternative wave count, one bullish & another not so bullish or bearish done immediately, not even wait 1 hour 6 minutes. From the way u talk, I m sure when u enter a trade, u never set cut-loss point bcos u dun "cover your ass"... hahahahaha......
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29-May-2009 11:10 | China Hongxing / Good support at 0.185 Go to Message | ||||
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Very subjective, it also depends on how u view it, whether the cup is half-full or half empty. If pessimistic, u can view it as someone throwing, if optimistic, u can view it as someone queued & bot the hugh lots at 19 cts. But noticed tat many hugh transactions had been done at 19 cts.
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29-May-2009 10:34 | China Hongxing / Good support at 0.185 Go to Message | ||||
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Oh yah, by the way, unless u are not observant, in future, when u read analyst reports or CNA analyst commentaries, pay attention to the word "may" always being mentioned, this is also their your so-called "covering their asses". Even in trading, all smart traders always set "stop-losses" to "cover their asses" in case the mkt unpredictably go against their interpretation of the charts, as nothing in life is for sure.
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29-May-2009 10:24 | China Hongxing / Good support at 0.185 Go to Message | ||||
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If tats is wat u said, mind u tat all analyst & brokerage reports also "cover their asses", so called "disclaimer", even in elliot wave analysis, there is always an alternative wave count analysis (both a bullish & a bearish count), u must be a greenhorn not to know this lah, hahahaha...... We are humans after all, as I said "Man proposes, GOD disposes", unless u are near-GOD lah.
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28-May-2009 22:33 | China Hongxing / Good support at 0.185 Go to Message | ||||
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After all being said about syndicates accumulation, nothing is cast in stones as "Man proposes, GOD disposes", syndicates are also exposed to events beyond their control, if US mkts drop heavily tonite, (touch wood), they too might be played out and could possibly be overwhelmed by the mass selling, unless if they have cornered enuf lots or still have enuf firepower to mop up those selling or they may even be prepared to cut massive losses if they sense tat the tide is too strong for them to withstand, conserve their bullets to fight another day.
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28-May-2009 21:27 | China Hongxing / Good support at 0.185 Go to Message | ||||
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Did u keep track of the past few days time & sales, this pales compared to the thousands being snap up from the seller q at 19cts. By the way, just to enlighten you, this could also be the syndicates way to hoodwink you, using "block & thrust" strategy, they would have earlier block at the buy q & later sell down to their own synduicates to create a false impression tat big lots are being sold down. However, the facts tat larger lots are being bot up at the seller q would expose such sneaky tactic to a veteran's eyes and these can't hoodwink us. From your posting, I believe u must be a novice, doesn't know such sneaky way of playing & creating fear. In any case, if u are skeptical & fearful, just stay out, time will tell & reveal thses stealth accumulation.
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28-May-2009 16:57 | China Hongxing / Good support at 0.185 Go to Message | ||||
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Another 1807 lots mopped up from the seller at 19 cts, with all these hugh accumulations, very soon will burst upward leow. | ||||
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28-May-2009 16:40 | China Hongxing / Good support at 0.185 Go to Message | ||||
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Then, wat makes u make such wild no value-added, unsubstantiated posting such as tumbling...tumbling...tumbling". I do hope in future u would add value to the forum with facts & figures or your TA/FA analysis.
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28-May-2009 16:36 | China Hongxing / Good support at 0.185 Go to Message | ||||
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China energy is not in my radar. CHHX may appear stagnant but dun be fooled as it is under so-called silent accumulation, observe the time & sales & try to decipher the transaction lots at buyer & seller & analyse the charts, it is under accumulation phase, so-called calm b4 the storm. See also below, my post on DBSV buy call based on their chart analysis, not those typical analyst perceived call.
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28-May-2009 14:46 | China Hongxing / Good support at 0.185 Go to Message | ||||
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DBS Research is upgrading China Hongxing to BUY (TP S$0.26), based on 10x FY09, which is a 40% discount to the 2nd liners in HK like Anta, its closest peer. CHHS currently trades at 7x FY09 earnings. Technical support is also at the 15-day EMA at
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28-May-2009 14:17 | China Hongxing / Good support at 0.185 Go to Message | ||||
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Hahaha.... I do hope u are not the silent accumulator trying to scare those newbies & greenhorns into selling to u while u silently had been accumulating big lots of hundreds including also just now 800 lots & yesterday last transacvtion of 2733 lots mopping up from the seller at 19 cts.
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28-May-2009 14:13 | China Hongxing / Good support at 0.185 Go to Message | ||||
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Wow, the silent accumulator again just mopped up 800 lots at one go from the seller at 19 cts., today's volume is increasing, will overshoot yesterday's volume.
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28-May-2009 12:48 | China Hongxing / Good support at 0.185 Go to Message | ||||
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Look at the chart just below, the 14sma, 25sma & 50sma are all trending up. I believe BBs are slowly & quietly accumulating, putting false sell q while at the same time q to buy to scare greenhorns to sell down to them at the buying q & at the same time, keep mopping up the seller, will start shoot up once they accumulated enuf. Yesterday, mopped up from the seller 2733 lots at 19 cts in one transaction at the close. This is likely the calm b4 the lift-off. Look at chart below, could be repeating the dotted rectangle, shoot up sharply. |
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28-May-2009 10:34 | China Hongxing / Good support at 0.185 Go to Message | ||||
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Ooops, typo error, yesterday, someone bot up 2733 (not 2703) lots from the seller at 19 cts in the last transaction.
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28-May-2009 10:31 | China Hongxing / Good support at 0.185 Go to Message | ||||
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From the time & sales, it can be observed tat someone is obviously accumulating by the hundreds including yesterday last transaction of buying up 2703 lots at 19 cts.
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28-May-2009 10:26 | China Hongxing / Good support at 0.185 Go to Message | ||||
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The time & slaes look very interesting, obviously, someone is trying to creat a sense of false fear by drip selling on & off a few lots lof about 1 to 4 lots by throwing to buyer at 18.5 but often over-ride by big lots buying up catching the seller at 19. Obviously trying to suppress the price but defeated each time.
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28-May-2009 09:24 | China Hongxing / Good support at 0.185 Go to Message | ||||
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Are u sure, plse check the time & sales. a lot of accumulation going on at 19 cts. I m stating the facts from the time & sales. The mkt is too big & has a life of its own, it is futile trying to talk down the mkt in a forum, save your breathe, & spend tat time analysing charts & data & facts lah.
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27-May-2009 17:08 | China Hongxing / Good support at 0.185 Go to Message | ||||
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Wow!! someone buy up 2733 lots in one last transaction at the close, catching the seller at 19 cts.
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