SPC   

SPC

Hehehe...

If Nicky decides it's time to short a few million Joojoo (Banjoo) shares tomorrow, we've had it!...

 

As far as Nick is not working, all should be well...hehehe!!

 

 

SPC really held on very very well. No worries for those with mid & long term view, can sleep well...hehehe!

 

Thanks 007

 

Result will be around 25Oct.

However this will also be the period where there will be more foreclosure in US.

 

Hello, anyone has any idea when the 3Q result be announced? Also does anyone knows when the Oyong field is pumping oil? Thanks.

 

jkbk007 is right. It went up today but I think the overall trend for the next week or so is still southwards.

 

Hi sporegal,nice to catch up with u again.

For mani...if using rojak analysis and i can still make money from the share market,wonder will he be listening to me ...hehe.

 

Technical is likely to be incorrect again for today, price is likely to move up today.

However I would agree that the longer one month trend is downward because of the US credit crunch issue. 

 

TA chart wise, this counter looks to be moving southwards gradually. Acc/Dist and Chaikin are trending down.

 

geojam2 is right. It doesn't matter if it is FA or TA as long as you make money.

 

BTW, is geojam2 = geojam? 

 

I used FA to identify underlying value of stocks, it's intrinsic value, etc. I have since identified SPC as a fundamentally sound stock. But I am not defying the mkt forces and enter the mkt defending that SPC is a good stock to purchase, NOW! I will employ a bit of TA and a little bit of human psychology to profit from the volatile mkt. I am awaiting for the mkt to settle and advance again before I will decidingly put my $$ to LONG for this counter. My concept is make less is ok, as far as not in red, like what mani had said, if trade lost by 50%, it requires 100% to break even, and another 20% to profit from the first mistake you had made. Cheers!

 

Hi Mani,

Yes, I agree some points you made. Thus when I am not too busy, I shall take up a TA course.

 

But just take some time and think for a while, If you and Singaporegal having bought Wing Tai at around $1.50(a guess) and held till now $3.48 and if all the crashes happening, you are still way in profit. Knowing TA alone might or might not be enough. I am sure remisers who can monitor the stock screen full time can tell you that making money through trading might not be so easy. Moreover most of us are working full time.

 

After I learn TA, I might not follow exactly everything I am taught. I'll try to use it to improvise my strategy. One is I'll still buy based on FA even though there is no price action or volume. As I mentioned before I am not a "die die must hold" long term investor. Actually I am playing a cat and mouse game with the market, especially now:).

 

Ok, as long as you make money yah. Good luck!  

 

 

It is always hard to make money from the share market,whether using TA,FA or RA.

So the only way is buying SPC and holding it long term...this way u get good divvy and growth.

 

Mani has put in a very practical perspective on the concept of TA.

The price and volume of a share is simply what it is. Someone bought, someone sold. Comparing with historical price/volume data & other indicators provides insights as to whether the stock is cheap or expensive to trade, in the hope of future gains.

FA will help to size up the future prospects of a company, and perhaps accord an 'idealised' target price to its share. In a way, FA tries to examine what are the 'official' forces that be that will influence the share price. But in reality, imperfect knowledge always exists in a market. If this is not the case, there would be no such thing as intraday share price volatility - everyone would know the true share value at exactly the same time.

 

 

 

It's hard to make money in the stock market...

If we win the 'first round', all is good... then we have 'foreign capital'.

If we lose the 'first round', it is very, very hard to make back the money lost
(for example, when our stocks are down to half-price).
...

So it is very important not to lose the 'first round'...

 

Whether one uses TA,FA or RA(rojak analysis) it really does not matters.

What matters is to make money from the share market.

 

 

Let me clarify what "TA" means to me...

To me, "TA" simply means observing only the price action (in terms of  volume, of course) of a stock or stocks... nothing more, nothing less... Thus, when an experienced observer detects unusual weakening or strengthening in a stock's 'behaviour', he acts promptly to prevent erosion of his capital or profits. This is the way of stock traders.

And since stock traders rely only on the reality of price action itself,  anything else will  tend to influence their objective 'technical' judgement. 

'Fundamentals' by itself is well and good, provided that by 'fundamentals' one means everything pertaining to a particular stock or the market. But since at any time, not everything is known, made known, or even knowable, 'fundamentals analysis' at best presents only a partial picture.

In this regard, one can not know in advance, by fundamentals analysis, whether there will be buying or selling of the stock (which to technical traders is the most fundamental of all  factors). It is such buying and selling that cause prices to rise and fall. Observing buying and selling behaviour and subsequent probable behaviour is what TA is all about.

One must have seen many people who lost much hard-earned money as a result of clinging tenaciously and staunchly to their ideas of a stock's sound or 'strong' fundamentals. They will defend their view of the 'fundamentals' even as the stock they are defending has fallen very significantly...