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It is not "doom" we are predicting, ironside. We're simply saying what the charts are telling us. Not that we are 100% right, but that by probability (which is what TA is all about), chances are that biosensors is going down.
If the counter appears to be going up, that'd what we'd be saying, too. TA people are realistic people. We see the trend, and call it as such.
as for the fallacy of people needing medical items, hence it's recession proof etcetc: we all need cars, public transport, retail goods, telecommunications, and in MNC form, banks, airlines, etc, too. But take a good, hard look at what is going on, not just in singapore but worldwide. There is no industry that is insulated from global pressures. "Need" doesn't stop a stock from going down in a down market. Where FA matters is when a market recovers, as that is when a stock will pick up, when the BBs decide that it is worth a buy. So the question that a biosensors investor needs to ask: when the market turns about, is this one of the stock picks of the BBs?
The jury's still out on that, since historically, it'd take at least 14 months to recover from a bear.
and eh....be nice, trader88.....some people do win on FA. not about one method = best. it's just what suits a person best. :)
TA vs FA
When BIL is going down, TA wins.
When BIL is going up, FA wins...... TA also wins! 
ironside ( Date: 09-Jul-2008 13:30) Posted:
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Another group of forumers has taken over this Forum - those predicting doom for Biosensor.
I am still bullish on Biosensor, purchased another 10 lots yesterday at $0.56, though the price has slipped further, it is OK, as I believe at this price it is a bargain.
I believe Biosensor will move north later part of this year, and as it is a medical item, we need it and has to use it, hence it will not be affected by the inflation, rise in oil prices etc....
I see now,
This means one of my TA results stands the most appropriate to yours... I will relook into that and readjust it
Thx Elfin, still learning the ropes on TA... not really steady yet :^P
P.S:
Not meant to be offensive towards the Margin'ers but come across some articles in the past they are a factor to newer lows
elfinchilde ( Date: 09-Jul-2008 12:55) Posted:
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redash, margin players or not should not affect yout TA. This is in fact one of the best counters to play on TA.
Check your parameters instead. volume is a necessary criteria for most of the techs you're using: williams, a/d, chaikin etcetc. Note that biosensors volume has fallen from its May peak of 24mil to 3mil today. So the techs you use have to change to suit the counter.
still hold by my call that it isn't even midway through its bottoming yet. those in could probably hope for a dead cat's bounce sometime though, but i personally wouldn't give it a very high bounce as long as it's still downtrending over the midterm.
besides, there are margin players EVERYWHERE. how do you think the local BBs play? They aren't that rich that they can afford to stump up pure cash for each play.
my TA chart indicates that if it gonna hit 0.495 and below then my heart will drop to my stomach area.. still holding on to 0.71.. well.. looks like it gonna be a long wait for change of trend for this counter...
"Speechless" O_O
Are there freakingly TONS of Margins player here?!?!?
I cannot even conduct proper TA in this counter... so many conflicting results... argh...
>:o(
you want? give u 0.505 now.. anyway, i am on the queue to buy, of course 5 bids away, ha ha..
more records to come?
Record low 52 cents...
okay win liao 0.52... i think i will do cost averaging, going up to 0.69 is quite a distance...
so, come on 0.49...
How do you tell if it is a cornered stock based on VOLUME??
Sry I meant some calculation on the Volume, but it is not accurate.
The chart itself can tells cornered or not but it is base on past events and therefore it only speaks of its characteristic, however I cannot "calculate" if one is coming... which is something I would like to know 8-]
price is attractive nw. but dun dare 2 buy 2 much. picking up a little @ a time. mine is 0.00000000005%. haha.
July 9th 2008, from the Edge daily
"Biosensors International introduces Biodegradable BioMatrix @ Stent System in Malaysia at Meranti 3, Level 22, Pacific Regency Hotel Suites, Menara PanGlobal, Jln P Ramlee, KL at 10am."
How do you tell if it is a cornered stock based on VOLUME??
redash ( Date: 08-Jul-2008 18:12) Posted:
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Opps, Forget to clear myself - I meant do not leave it overnight so I am refering to those shortists
So you are safe if you only a intra-day
Btw, Elfin, how do one "observed" a cornered stock? The only thing I can observed is volume...
Care to share ? ;^{)
whether it's controlled or cornered will be reflected in the charts.
cfd shorting is ok for this baby, can ride out the rebound if any. day shortists are the ones who have to be careful.
fear not.. i am confident 
Thank you for your concern. I trade solely based on charts, whether the stock is controlled or cornered, I am not interested. I do not trade on feeling that "Chances are... it may be rebounding soon...",
Closed at new low 53 cents.
Trader88 if you are shorting this one, close it ASAP... you will sleep with a bigger piece of mind
XD