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Let me share my view.
In a run up of a counter, the price cannot keep going up. it has to take a rest before it moves up again. Moving down from 104 to 102 is normal. There is a resistance at 104. Therefore, it is normal for peoples to take profit at resistance price. Besides that, there are shortist who short at resistance price. This is nothing unusual. The counter may move up even more and breal 104 if the counter was not suspended at that time. Is the acquisistion a good or bad news. It is defintely a good news else the price won't move up so much. If it is bad news, it would have retrace much more pips before it halted.
Talk about bad news. I think it is a bad news for the shortist. In the first place, how can WE moves up so much without BBs involve?. If BBs is in, do you think it will let it fall immediately below the last close price when it resume trading?. Think again.
As for today's matched price, the buy and sell queue at 104 is not accurate. Anyone can just put a volumn there. You will only be able to know minutes before the halt lifted.
newbieliu ( Date: 17-May-2013 18:29) Posted:
| I meant if the price would shoot up... why would there be a balanced amount of volume selling it off ? Should not there be much more people buying it than selling ? Just my two cents based on volume... we will see if the short sellers would be burnt :) |
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Which company acquire WE?
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Good or bad news, I will sell when halt lifted. :)
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Haha! I like that! Then it is good news to me! It should not have halted so early else it will be even bad news!
kelvinLim123 ( Date: 16-May-2013 22:38) Posted:
Bad news is that what if it is good news, then it is bad news to me, because i did not buy the good news.
i did not buy, most like it is good news, but bad news to those who did not buy,
good news for those who buy
kelvinLim123 ( Date: 16-May-2013 22:35) Posted:
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Could you share with us what is the negative news?. Thanks!
9hly99 ( Date: 16-May-2013 22:16) Posted:
| Unfirtunately the news r neg |
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Just now 0.131 big volumn gone and I sold it at 0.13. Now no more CNA. Waiting for opportunity. Bought quite a number of stocks today. Bought Sinarmas, Dukang, ISDN and WE. Anyone knows why WE halt?. Hopefully it is good news. I'm holding too many counters. Will clear some tomorrow.
teeth53 ( Date: 16-May-2013 17:14) Posted:
Zhun zhun...this 2 days...what crystal ball U using huhh?.
Stockcham ( Date: 15-May-2013 12:53) Posted:
| Yah bro, bought at 0.12 queued this morning! Now it has to chiong more within 2 days. If it stays at about this price 0.122-0.125, then it may go down to test the support again in the days to come. Good luck |
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It has broke 0.13 and if can close above 0.131, I think there should be more upside. From what I see, it should move up again in the late afternoon to close high. I'm lucky that I did not sell all yesterday.
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There is still buyng but not upward buying. Don't think it will break the support at the moment. It is not easy to break resistance at one go without retrreating. Likewise, it is not easy for a counter to continue dropping and break the support. Even if it is going to break, it is likely to move up a bit for 1 day and then break it in the coming days. For CNA, I am looking at the one day upside. It must be powerful enough to confirm that the selling is over. if it move up only a few pips, then not a good sign. From last few tradings, I think it will have to cross and close above 0.125 to confirm selling over.
leezacch ( Date: 15-May-2013 12:55) Posted:
buying sentiment not very strong though..
Stockcham ( Date: 15-May-2013 12:53) Posted:
| Yah bro, bought at 0.12 queued this morning! Now it has to chiong more within 2 days. If it stays at about this price 0.122-0.125, then it may go down to test the support again in the days to come. Good luck |
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Yah bro, bought at 0.12 queued this morning! Now it has to chiong more within 2 days. If it stays at about this price 0.122-0.125, then it may go down to test the support again in the days to come. Good luck!
teeth53 ( Date: 15-May-2013 12:05) Posted:
Www...zhun zhun got to ur price, then goes up...u bot Bo..?? Huat huat..to u.
Stockcham ( Date: 14-May-2013 23:49) Posted:
| This is getting interesting. Bros, beh sai short liao. Strong support at 0.119. I will wait for you at 0.12. Pls come. Lol! Joking nia! But honesly, I will queue to long tomorrow at 0.12. |
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This is getting interesting. Bros, beh sai short liao. Strong support at 0.119. I will wait for you at 0.12. Pls come. Lol! Joking nia! But honesly, I will queue to long tomorrow at 0.12.
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At this price it is not easy to short le. There is a strong support at 0.119. The most I make is only about 4 pips. If it rebound like Lorenzo, will loss big if doesn't cut fast enough. Bro ace333 mentioned a very good point which I think it is useful. He said short at resistance price.
Huat ah!
didisiaosiao ( Date: 14-May-2013 06:12) Posted:
Juz short. Until u see a reversal, dun long. Short within e channel always jackpot. Haahhaha
Stockcham ( Date: 13-May-2013 22:34) Posted:
| There is still possibility to go to 0.20 depending on whether BBs wants to push it OR whether CNA can continue to bring in new contracts. If there are constant new contracts, genuine buyers and Big Funds will come in |
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There is still possibility to go to 0.20 depending on whether BBs wants to push it OR whether CNA can continue to bring in new contracts. If there are constant new contracts, genuine buyers and Big Funds will come in.
jie1313 ( Date: 13-May-2013 19:53) Posted:
Hi stockcham, u got an interesting analysis on that. So if that is true, can i say that this counter will never again see its high of $0.020? Unless..? Hmm
Stockcham ( Date: 13-May-2013 18:20) Posted:
| CNA is easy to manuipulate. there isn't too many shares queuing. If I'm the BBs to catch the shortist and make money, I just need a few k lots to push 10 pips higher in one purchase. Then put a few k lots at the buy price and sell price. Early shortist will rush to cover and I can unload some. Then more shortist will comes in and I will pushed it up again to cross 0.136. Now the later shortist will rush to cover to push it higher and retail buyers will comes in to push it even higher. I will unload some by putting high queue at the buy price. Once I'm left with some balance holdings, I will throw out all my holdings at one go pushing it a few pips down. Do you think I can make money?. LOL. |
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CNA is easy to manuipulate. there isn't too many shares queuing. If I'm the BBs to catch the shortist and make money, I just need a few k lots to push 10 pips higher in one purchase. Then put a few k lots at the buy price and sell price. Early shortist will rush to cover and I can unload some. Then more shortist will comes in and I will pushed it up again to cross 0.136. Now the later shortist will rush to cover to push it higher and retail buyers will comes in to push it even higher. I will unload some by putting high queue at the buy price. Once I'm left with some balance holdings, I will throw out all my holdings at one go pushing it a few pips down. Do you think I can make money?. LOL.
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Hi, the reason why I said that is becuase there are support at 0.126, 0.122 and 0.119 together with big contract gain recently. But if it chiong to catch the shortist, it will run up quite a number of pips in a day. Even though it close low today, I would see that the selling will be over soon. Let's see what happen when it touches 0.119 likely tomorrow. I bought at 0.126 support today but cut at 0.125 after seeing that the support was too weak. Loss a bit is ok. I will buy again at 0.119-0.12 tomorrow. Good luck!
jomini ( Date: 12-May-2013 15:10) Posted:
thanks. so why did u say to long wont lose big but to short will lose big?
Stockcham ( Date: 12-May-2013 14:59) Posted:
| Cutting system means to set a cut off price it the counter move against your expected direction |
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Cutting system means to set a cut off price it the counter move against your expected direction.
jomini ( Date: 12-May-2013 14:17) Posted:
no position.
why do u say that? what's a cutting system?
Stockcham ( Date: 12-May-2013 14:05) Posted:
| I believe at the current price, to long won't lose big, but to short will loss big unless there is a cutting system. |
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I believe at the current price, to long won't lose big, but to short will loss big unless there is a cutting system.
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Thanks Bro ace33 and nqing87. Now I get what you mean. I agree with you this is a good sign. Today volumn already so high. Think got to rest a few days before it break 0.08 and stays above this. I think it will have to go down to 0.073 before it break 0.08. Will monitor this.
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Bro ace, don't understand. Can explain a bit?.
ace333 ( Date: 29-Apr-2013 23:13) Posted:
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my observation....higher low higher high with big vol...... |
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Don't know what happen to CNA. Better becareful because nowadays very tricky. Quite a number of chiong and sell down. Chiong 3 days already. If got profit, better take. If move up some more also boh bian.
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Don't know what happen to this. I'm really very lucky to have sold 2-3 days ago. heng ah!
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