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Squeeze Breakout Buys

US STOCKS PARE GAINS; DOW BRIEFLY TURNS NEGATIVE AS OIL SHARES DROP,  RATE WORRIES LINGER

Let's hope it will bounce back again in the later session.

 

Hi Carpediem, dun feel bad n sad...  Believe you will earn back your dough again. 

Hi Dj, fully agree wif you... 'TRADE AT YOUR OWN RISK'

Hi Ray, am not to add pressure or stress to you...  But I must say you are really kind (besides helpful) and have a golden heart to teach and console ppl.  I appreciate your guidance...  I have earned some coffee $$$ from China PowerPlus today. 

CHEERS  :)

 

hey Ray,

good to see that u r on Labroy boat now.... :-)

Welcome onboard my fren!

 

Hi Carpediem, Dun feel sad about lose money. Treat it as a lesson learnt. I used to lose 8K in 2 weeks time. After coming to this room, I recover 6K in 1 week time with Ray help. But lastly, always remember this sentence; "TRADE AT YOUR OWN RISK"

Good luck. (^_^)

BTW, Dow Jones looks healthy after the holiday. Expected to close near 13,560. Cheer!!

 

Hi Carpediem, don't take my word for it.  Would be good to check with others.  But once decided, cut your losses without remorse, learn from it, and give yourself a pat on the back for cutting losses.  Btw, it's rayphua, or ray, no need for formalities here, we're all equal, and we're all still learning.  Chin up!

Dow:  Positive territory, up 30 points, 13536 @ 2332hrs.  Still not out of the water and quite indecisive.  Would like to see it break its immediate resistance at 13550.

 

Thanks for your advice Mr Phua. I think I have made a mistake here. I will cut the losses and better prepare myself next time. And also, thanks for taking the time to reply to my query. You are a cool dude :).

Sigh...hate to lose money 

 

Carpediem...where did I hear this before?  Familiar.

About Ban Leong, smart money collected from the low 0.20s.  It hit a high of 0.35 in days after it brokeout.  That's a 75% return.  If I was vested then, it would be foolish not to take profit, which is probably what's happening now.  Those that went in because of the euphoria at the highs are probably stuck and want to exit as well.  I personally wouldn't buy it whether or not the director buys, unless the parameters look right.  The problem with buying on a rumour is that we tend to forget about stop losses because we continue to hope for that "target price" that never seems to come, ending up being a long term investor not by choice.  I've made those mistakes myself before.

You may want to check with FA folks here, perhaps there's something in the pipeline which I'm not aware of.  Good luck.

 

Hi Mr Phua, in the mist of this stock market madness, I bought Ban Leong cos my friend told me the director just bought shares at 0.315. I got it yesday at 0.31 thinking its a good bargain, but its now 0.29. Seeing you being such a great technician, could you advise me on this share?

 

Thanks Mike. :)

I am a probability trader.  I look out for insider trading periods where stocks are in its accumulation mode with little price movement with positive volume, that should eventually result in strong price surges.  I buy only when the price breaks out of consolidation.

 

cyjjerry85:  Techcomp broke out of a squeeze yesterday.  I'm vested at 0.43.  Today's run is already in its 2nd day of a breakout.  I believe it should rise again tomorrow with it's bullish close today.  Momentum is nice, but not overly noisy.  Will monitor its status tomorrow again.  I don't advise entering on a 3rd day of a break, esp when accumulation begins in the low 0.40s.

 

Hi Cyjjerry85, if I may say, whether a counter will rise or fall, how much can it rise & how long the rise can it sustain ... they are not simple "Yes" or "No" questions, as the price may be affected by various factors. No one has the crystal ball of the market, and neither does Ray. He gives us recommandations based on his interpretation & assessment of the current data, and of course, with his test-and-proven system, we should have much higher winning chance.. but it is not guaranteed. Again, buy at our own risk! 

 

so based on ur analysis...do you think Techcomp will continue to rise further this week?

 

haha RT, you're more than welcomed here. :)  This thread's for everyone.

 

jerome, here is rayphua territory mah.. must oso see got any hot tips or not mah..

 

avrilsim, marriage deals does not involve any buy up or sell down... it just a seller at this price is "matched" by a buyer of that agreed price lor..

 

gotta run liao, mrt squeeze... haha

 

Forgot to add...Techcomp, nice push of 6 cents in 2 days.  This one makes me SMILE!

 

Mostly profit taking today, and waiting for direction tonight.  Don't see any issues yet.  Steadfast folks.

Those who are still holding on to China Powerpl, good job with the handling of the nerves.  Should be a nice 5% profit for 2 days.  Remember to protect your profits and do your own trailing stops.  For the benefit of those still vested...



Apart from that, little breakouts today that looks significant, except for Labroy, Achieve, Sing Hldg, and Manhatten.  I vested in some today, at my own risk, but decided not to recommend any buys as momentum is uncertain.

Will update about Dow later.  Cheers.

 

Thank you RT for the explanation. =) Still on the learning curve ya. But am getting better with the jargons.

My other query is that, that 177 lots maybe either a buy or sell done right? I.e. You dunno whether these private parties sold or bought at 0.360 right?

 

 

wah RT,

you are everywhere. Omnipresent ar?

lol 

 

avrilsim, wow say newbie can oreadi differentiate between normal trade and marriage deals, not bad.. anyway marriage deals or the buy vol/sell vol is like demand n supply.. and buy vol > sell vol doesn't quite "indicate" anything as it might be a "false signal".. marriage deals are "private" deal that is more than certain amount of lots or $$, e.g more than 50 lots or at least $150k in securities value.. anything lesser than the stipulated requirements stated by sgx cannot be quantified as marriage deal..

 

Hm... There's a married deal of 177 lots @ 0.360 for China Powerpl. Is that a good sign?

And if the buy vol > sell vol, what does this indicate?

Paiseh. I'm newb =P