MONDAY, JULY 14, 2014
Tritech - Last Stock That Ran
Tritech was the last call I gave SOMM out of the 5 stocks. The other 4 all ran and today this last counter ran. In the morning, Tritech gap up furiously with a Fake Breakout. The breakout price was 0.275/0.28 and immediately, I gave a sell call and a bearish outlook. The stock is now suffering reactions now as you can see. Most of my SOMM members got it at 0.235-0.245 and well, even though Tritech did not ran a lot more as expected, $$ in pocket is never wrong!!
Ronald K - Market Psychologist - The Big Speculator
Oops, read wrongly.    Actually, you sold early.   
Price has gone up this morning, I really do not know what triggered the price increase.
Some speculated it is stock manipulation which is a criminal offence punishable by law.  And it' s easy to trace beneficiaries coz all trades are traceable, and to pinpoint the culprits would be a piece of cake for the police.
Now if it' s not stock manipulation, and it' s a genuine breakaway gap, then it make sense to get into action to catch the wave up.    Go with flow, never fight the tide.
Kyoto2008 ( Date: 14-Jul-2014 23:48) Posted:
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You' re really lucky to get it 0.084.
The chart for the warrant shows similar " breakaway gap" as the mother share.
Tomorrow, I am not sure if can get at 0.087.     
golden_SGX ( Date: 14-Jul-2014 23:40) Posted:
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I queue last friday night after closed trading @ .083 ....
but today it open @ 0.084 & filled my order.
Like tonight I already queue for tmrw price !!!!
Kyoto2008 ( Date: 14-Jul-2014 23:35) Posted:
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But the order was not filled up on Fri?  Coz the highest the price of the warrant was 0.08.  Unless kenna sai by SGX?
Kyoto2008 ( Date: 14-Jul-2014 23:34) Posted:
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Oops, sorry didn' t mean what I said.  Anyway, I didn' t curse or blame you right?  Hope you will forgive me.
golden_SGX ( Date: 14-Jul-2014 23:31) Posted:
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Never mind, I will pray for you anyway.  I mean it.
Kyoto2008 ( Date: 14-Jul-2014 23:28) Posted:
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I said I queue last friday 11-07-2014 17:07:34 to sell Tritech wrts @ 0.083....
but immediately it open gap up 0.084 & filled my order, no time 4 me 2 make a quick withdraw or amend !!!!
I queue last friday after  closed trading, see the time 17:07:34pm !!!!
Kyoto2008 ( Date: 14-Jul-2014 23:13) Posted:
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If you have the courage to fabricate a lie, you should be able to us why!
Noone know who you are anyway.     
 
Kyoto2008 ( Date: 14-Jul-2014 23:09) Posted:
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No response.
I wonder why would people make up such stories? 
Kyoto2008 ( Date: 14-Jul-2014 23:22) Posted:
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Was it a lie?
Kyoto2008 ( Date: 14-Jul-2014 23:20) Posted:
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Thanks for the note. 
I' m still puzzled why someone sold a warrant at 0.084 when it' s clear that the highest price on Fri was 0.08.   
ramuslow ( Date: 14-Jul-2014 23:10) Posted:
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Did you make a mistake? 
Kyoto2008 ( Date: 14-Jul-2014 23:09) Posted:
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This is a breakaway gap. 
Usually this type of gap is very strong and very difficult to get filled up.
Coupled with the huge volume, it may just run very fast in the next couple of days.
Tritech warrant  high  last friday was  at 0.08. 
golden_SGX ( Date: 14-Jul-2014 22:57) Posted:
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I queue last friday 11-07-2014 17:07:34 to sell Tritech wrts @ 0.083....
but immediately it open gap up 0.084 & filled my order, no time 4 me 2 make a quick withdraw or amend !!!!
| Done Time | Settle Ccy | Done Price | Done Qty | Mode | Counter Party |
| 14-07-2014 08:58:55 | SGD | 0.084 | 20,000 | Cash | UOBKH |
smallbirdie ( Date: 14-Jul-2014 22:40) Posted:
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Recalled when I saw the chart this morning, my eyes literally " popped out" !     
Everyday I hoped to find  a morning star in the charts spilled out by the system, so far I had very little success, coz it' s  unusual.  Either that or the system I am on is not so clever, kenna sai!.   
But this morning,    I saw what I thought was a  " gap up" , and I recall reading in NLB about it being unusual.
I hope it' s really turning out to be a breakaway gap.    Today, I wanted to accumulate more at 2.60 but can' t get in, and not being greedy, just left it.    Don' t know if tomorrow there are sellers at 2.65.
News is already out in the streets.
It' s second  top active in volume today, with price gain.      How  not for people to notice? 
Kyoto2008 ( Date: 14-Jul-2014 22:44) Posted:
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Hehe, I thought about that.  It will be stock market manipulation, think it' s jail!
It' s possibly a breakaway gap:
Quoted from: http://www.investopedia.com/university/charts/charts8.asp
Breakaway Gap
A breakaway gap occurs at the beginning of a market move - usually after the security has traded in a consolidation pattern, which happens when the price is non-trending within a bounded range. It is referred to as a breakaway gap as the gap moves the security out of a non-trending pattern into a trending pattern.
 
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| Figure 3: Breakaway gap |
A strong breakaway gap out of a period of consolidation is considered to be much stronger than a non-gap move out. The gap gives an indication of a large increase in sentiment in the direction of the gap, which will likely last for some time, leading to an extended move.
The strength of this gap (and the accuracy of its signal) can be confirmed by looking at that volume during the gap. The greater the volume out of the gap, the more likely the security will continue in the direction of the gap, also reducing the chances of it being filled.
smallbirdie ( Date: 14-Jul-2014 22:40) Posted:
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BB at work ?? Was up even before open !! -)
Remember reading about gaps, and I revisited this topic.    Could this be a runaway gap?
Kyoto2008 ( Date: 14-Jul-2014 20:19) Posted:
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