Let's talk about the current market...

Originally posted by nemoo at 26-3-2004 02:46 PM:
nora...what are the best counter to buy nw?
which is the price rm1.00 to rm2.00 per 1000 unit?

where i can find the latest info about the IPO?
mean date of ballot, date of listing and new issu ...

Hi,

First of all, welcome to the forum...

I aplogize that it is against my trading principle to share the counters I trade. I only share my opinion on where the market is heading. I guess, you still need to do some research on which counter to go.

I have many reasons why I made this principle. For one, all of us trade differently. I'm a short-term swing trader. If I were to suggest a counter that suits me and my trading plan, while you are a day-trader or a longer-term swinger, I can get you killed in an instant...

Anyway, almost all counters now are traded at 100 units per lot...

Here is a link where you can get latest info on IPO...

http://biz.thestar.com.my/marketwatch/ipo/



BTW... it is also my trading principle NOT to trade IPO.....


Cheers!

Last 5 days of Nora Index (NI)

Date         Open   High     Low      Close    Volume
=======  ===== =====  =====  =====   ======
20040322  2.489   2.514   2.416   2.449      12,428   Sideway
20040323  2.469   2.486   2.420   2.454      10,020   Sideway->Bearish
20040324  2.456   2.488   2.423   2.457      13,607   Sideway
20040325  2.442   2.459   2.391   2.416      11,540   Bearish
20040326  2.432   2.459   2.398   2.429      10,628   Bearish->Sideway


In our day-job, we were always told to be pro-active - to tackle the problem before it happen, thus eliminate the inexistance. Also, as part of being proactive, we were tought to be brave to change. If we the way a certain process is not good enough, change it. If the color of the wall is not right, paint it.

In the market, we can't be proactive that way. A Bearish market is neither a problem, nor require a change. One just have to learn to be reactive - wait while eating kuaci...

Last 5 days of Nora Index (NI)

Date         Open   High     Low      Close    Volume
=======  ===== =====  =====  =====   ======
20040323  2.469   2.486   2.420   2.454      10,020   Sideway->Bearish
20040324  2.456   2.488   2.423   2.457      13,607   Sideway
20040325  2.442   2.459   2.391   2.416      11,540   Bearish
20040326  2.432   2.459   2.398   2.429      10,628   Bearish->Sideway
20040329  2.426   2.448   2.381   2.416        8,914   Bearish



Will the market continue its journey to the south? The magic show during the last minutes yesterday was a good attempt to stop the journey. We'll see whether that effort is going to be successful or not...

what happend to the market .. cabinet dah line up, market still not ok ..
today got bombing at australian embassy .. aiyyo terbakar la macam ni ..

any active stock forum that u know ? i selalu baca kat http://forum.stockk.com

Originally posted by guy_klcc at 30-3-2004 02:46 PM:
what happend to the market .. cabinet dah line up, market still not ok ..
today got bombing at australian embassy .. aiyyo terbakar la macam ni ..

any active stock forum that u know ? i selalu  ...

I'm there too, at the "Team Day Trader" sub-forum...

I'm also at forum.mesra.net... the education type of forum...


Happy trading!

Last 5 days of Nora Index (NI)

Date         Open   High     Low      Close    Volume
=======  ===== =====  =====  =====   ======
20040324  2.456   2.488   2.423   2.457      13,607   Sideway
20040325  2.442   2.459   2.391   2.416      11,540   Bearish
20040326  2.432   2.459   2.398   2.429      10,628   Bearish->Sideway
20040329  2.426   2.448   2.381   2.416        8,914   Bearish
20040330  2.XXX   2.XXX   2.XXX   2.XXX      XXXX   Bearish


Errr... The "X"'s actually means that I left all the numbers at home... (yup, I have a day job too... ). But anyway, the numbers tell me that the market is still nose diving.

While waiting for the market to recover, some people will play the guessing game - when will it recover, how low will it be, will it sky-rocketing up after touching the bottom or will it goes sideway for weeks... Anyone can guess as wild as one's imagination...

Some other people will play the blaming game - #$%^&^ MSEB, *&^%$@!$ Pak Lah and the new goverment, !@#$^%$^* Al-Qaeda, *&^%$@$%^ Bush and Blair, @$^&^%$ Saddam...

Well... I prefer eating kuaci more than playing any game....

nemoo

Nora...

Can u check for me when is the balloting day for IPO

1) Boon Koon
2) Seal Polymer

I dont have the prospectus of this company....

thanks in advance anyway....

Originally posted by nemoo at 31-3-2004 09:50 AM:
Nora...

Can u check for me when is the balloting day for IPO

1) Boon Koon
2) Seal Polymer

I dont have the prospectus of this company....

thanks in advance anyway....

Have you check the The Star online? I gave you the link already.

BTW, I don't trade IPO, as mentioned before.... I hope you understand that by now, or I will have to carve it on your forehead...


Cheers!

i'm stuck with GBRIDGE, bought at 0.615 now 0.57, should i pull out now
pls advice ..plsssss

Originally posted by guy_klcc at 31-3-2004 12:56 PM:
i'm stuck with GBRIDGE, bought at 0.615 now 0.57, should i pull out now
pls advice ..plsssss

When you bought Gbridge, did you set your stoploss level?

The advice I will give is, never buy any stock without knowing the stoploss level. The stoploss level is the maximum risk you are willing to take on any taken position.

I can elaborate on this if you are interested, hopefully in a new topic so that we can easily refer in the future..., like how big a position you should take for how much risk... etc..

For now... I dunno laa... you already in pretty bad shape already. You have to make your own decision....

Last 5 days of Nora Index (NI)

Date         Open   High     Low      Close    Volume
=======  ===== =====  =====  =====   ======
20040325  2.442   2.459   2.391   2.416      11,540   Bearish
20040326  2.432   2.459   2.398   2.429      10,628   Bearish->Sideway
20040329  2.426   2.448   2.381   2.416        8,914   Bearish
20040330  2.414   2.431   2.360   2.395        9,953   Bearish
20040331  2.390   2.419   2.340   2.394       10,652   Bearish


No guessing, no blaming... just watching only...

Last 5 days of Nora Index (NI)

Date Open High Low Close Volume
======= ===== ===== ===== ===== ======
20040326 2.432 2.459 2.398 2.429 10,628 Bearish->Sideway
20040329 2.426 2.448 2.381 2.416 8,914 Bearish
20040330 2.414 2.431 2.360 2.395 9,953 Bearish
20040331 2.390 2.419 2.340 2.394 10,652 Bearish
20040401 2.402 2.429 2.368 2.397 8,053 Bearish->Sideway


The good news is that the market in general stops diving. The bad news is that most traders might not want to hold positions over the coming weekend. Too many bad news this week, and the market is too far from being bullish.

What to do? Continue to eat kuaci, or buy at fire-sale? You decide. Make sure you know where your risk tolerence is.... Me... Alway play safe maaaa.... kuaci still not finish...

Last 5 days of Nora Index (NI)

Date         Open   High     Low      Close    Volume
=======  ===== =====  =====  =====   ======
20040329  2.426   2.448   2.381   2.416        8,914   Bearish
20040330  2.414   2.431   2.360   2.395        9,953   Bearish
20040331  2.390   2.419   2.340   2.394       10,652   Bearish
20040401  2.402   2.429   2.368   2.397         8,053   Bearish->Sideway
20040402  2.406   2.441   2.385   2.415         8,203   Bullish



Hmmmmmm.... the young bull emerged again. Will it get killed again this time round? The good thing is that this young bull shows up while CI still lacklusting....  ???

I'd say, Monday's play is an afternoon play. If CI is getting stronger by 4pm, those agreesive swinger can go in laaa... Otherwise, you might need to wait for one more day...

Whatever it is, do your research this weekend. It may come handy...

Last 5 days of Nora Index (NI)

Date         Open   High     Low      Close    Volume
=======  ===== =====  =====  =====   ======
20040331  2.390   2.419   2.340   2.394       10,652   Bearish
20040401  2.402   2.429   2.368   2.397         8,053   Bearish->Sideway
20040402  2.406   2.441   2.385   2.415         8,203   Bullish
20040405  2.405   2.438   2.382   2.413         7,967   Sideway->Bullish
20040406  2.419   2.442   2.382   2.409         8,659   Sideway


Hmmmmmmm.... Market still trading sideway. The longer it stays this way, the stronger the next direction will be, no matter which way the direction will be. Just stay tuned to the market movement. Things may get interesting...

Last 5 days of Nora Index (NI)

Date         Open   High     Low      Close    Volume
=======  ===== =====  =====  =====   ======
20040401  2.402   2.429   2.368   2.397         8,053   Bearish->Sideway
20040402  2.406   2.441   2.385   2.415         8,203   Bullish
20040405  2.405   2.438   2.382   2.413         7,967   Sideway->Bullish
20040406  2.419   2.442   2.382   2.409         8,659   Sideway
20040406  2.402   2.426   2.366   2.396         8,644   Bearish


Woooo.... What happen? The market did another dip after trading in a small range. Is this the continuation of a strong bear run? Hard to tell... So better stay aside until the market sing a different song...

Last 5 days of Nora Index (NI)

Date         Open   High     Low      Close    Volume
=======  ===== =====  =====  =====   ======
20040402  2.406   2.441   2.385   2.415         8,203   Bullish
20040405  2.405   2.438   2.382   2.413         7,967   Sideway->Bullish
20040406  2.419   2.442   2.382   2.409         8,659   Sideway
20040407  2.402   2.426   2.366   2.396         8,644   Bearish
20040408  2.394   2.430   2.375   2.410         8,773   Sideway->Bullish



Oh no... Not again.... Don't tell me the young bull was brought back to life.... But then again, this is a stock market. Things like this does happen in a stock market...

So, what are you gonna do? Today... hmmm... It's up to you. You know the risk. Calculate the risk, and act accordingly...

Last 5 days of Nora Index (NI)

Date         Open   High     Low      Close    Volume
=======  ===== =====  =====  =====   ======
20040405  2.405   2.438   2.382   2.413         7,967   Sideway->Bullish
20040406  2.419   2.442   2.382   2.409         8,659   Sideway
20040407  2.402   2.426   2.366   2.396         8,644   Bearish
20040408  2.394   2.430   2.375   2.410         8,773   Sideway->Bullish
20040409  2.398   2.426   2.380   2.402         6,922   Sideway



Where are we going? I dunno, but I think the market may need another couple of trading days more to shake the weak hands...

If your hand is not one of them, you may want to review your research, as things may had changed since the last time you did that research

Last 5 days of Nora Index (NI)

Date         Open   High     Low      Close    Volume
=======  ===== =====  =====  =====   ======
20040406  2.419   2.442   2.382   2.409         8,659   Sideway
20040407  2.402   2.426   2.366   2.396         8,644   Bearish
20040408  2.394   2.430   2.375   2.410         8,773   Sideway->Bullish
20040409  2.398   2.426   2.380   2.402         6,922   Sideway
20040412  2.xxx   2.xxx   2.xxx   2.xxx         x,xxx   Sideway


Again, I left the results at home... so kelam-kabut this morning...

So was the market.... I think "they" tried to give viagra to MSEB not knowing that MSEB is a female... No wonder it never worked....   :p

So, just hang on... see how things get developed today...

Last 5 days of Nora Index (NI)

Disclaimer: NI was developed and analysed with short-term swing in mind. It was meant to identify and confirmed a short-term trend, perhaps in a timeframe of 2 days to 2 weeks or more.

Date         Open   High     Low      Close    Volume
=======  ===== =====  =====  =====   ======
20040407  2.402   2.426   2.366   2.396         8,644   Bearish
20040408  2.394   2.430   2.375   2.410         8,773   Sideway->Bullish
20040409  2.398   2.426   2.380   2.402         6,922   Sideway
20040412  2.406   2.424   2.368   2.390         7,133   Sideway
20040413  2.376   2.392   2.347   2.368         7,599   Bearish


Hmmm....
The market seems failed its last week's intent. I guess that young bull was killed again. Just be patience. It takes no effort to do nothing...



*****************
An attempt to analyse NI using 123 system to Buy:

Signal 1: 31/03, Low of 2.340
Signal 2: 06/04, High of 2.442
Signal 3: 07/04, Low of 2.366

123 Buy Signal should be scrapped if Low breakdown 2.366
123 Buy Signal is confirmed if High breakout 2.442

Note: 13/04, 123 Buy Signal should be scrapped with Low at 2.347, as this will be the new "Signal 1" if down-trend halted.

you daily job buat analysis ke nora,