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KNM GROUP BHD KNM (7164)

0.845 0.040 (4.97 %)

High: 0.860     Low: 0.820     Vol: 52,872,400 Average Vol: 222,047

last updated: 24-Oct-2014 4:56 PM

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[KNM] The rise of the fallen?

Will KNM-WA follow the short term bullish momentum?

Lately the oil & gas stock is pretty hot.
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no
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KNM-WA still going strong on a beautiful uptrend:-)
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[KNM] What do you think of KNM?

Does it lock you out from a profitable trade or trap you in a poor trade?

What do you think of?

KNM does show a clear strong signal right now. By the way, it could be a false bullish signal. so be patient and let the market confirm to you.

For an strong up-move, I would expect lower prices on lower volume then rally back to penetrate its high 0.720 to confirm its validity of up-move.

KNM is just for trading purpose. It merely gives out average 2 to 0.5 dividend yield in next five years.
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Base on technucal analysis, KNM is still in downtrend with below detail:

First support is 0.665
Second Support 0.640

If this 2 support can hold and bullish reversal signals appear, then it might retest the prvious of 0.765 and next target would be 0.79, provided the above second support cannot broken.
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[KNM] 20Jan2012 - KNM INVERTED HEAD & SHOULDER IN THE MAKING

BUY AT 1.00; MEDIUM TERM TARGET 1.60.
GOOD LUCK !!
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knm lover... you are back...
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rule no. 1, limit your investment to a few companies, no more than 5.
rule no. 2, don't fall in love with them. As soon as the tide moves against you, cut them loose.
seriously, knm would make a good investment at current price range (rm0.80 to rm1.10) as naturally, the recent USD12bil PSC agreement between PETRONAS & SHELL would find its way to KNM bottom line, sooner or later. this would be a serious investment over 3 months to 3 years and not punting/gambling.
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watch for a jump start tommorow, 27Jan2012 - news after market close - acquisition of a company in the UK. jump start would mean a breach of 1.03 resistance !
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the first 6 cents of many cents to come. ride the wave.
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1.10 breached. :)
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Tks Xenon for the tip. I was away from the KLSE market for quite sometime and was looking for something to buy for CNY rally. I was lucky to come across your KNM tip .......perfect timing as I can see big Ang Pow coming just after buying for one week. You r brilliant!!!!!. Tks again for sharing.
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resistance at 1.13/1.14 followed by a super hurdle at 1.28 (previous bottom of super bear market). next monday closing would determine whether the move towards 1.16/1.17 friday & closing at 1.13 was a false breakout or otherwise. overall market is overbought though - the like or drbhcom, mas, unisem, e&o & mbsb all of which made substantial gain in the past 3 weeks.
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TQ Xenon 4 sharing ur thot...apprecte it
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[KNM] 0.97 RESISTANCE BROKEN

A new plot in the new episode.
0.97 resistance broken with high volume suggests that KNM will not form a double bottom. Bottom (permanent) established at 0.84.
A brief base building is taking place at 0.97-1.03 before the January effect will kick in and push KNM price another leg higher. Watch out for break out above 1.03. Cut loss at 0.96. Bought today at 0.99.
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where r the monkeys gone ?
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strong support at 0.84. with good volume, 1.04 resistance shall easily be broken. otherwise, consolidation is inevitable. 0.96 is a sensible cut loss point.rsi shown very much room for the upside. stochastic shown consolidation. keep the finger cross that january rally kick-in on this counter. happy new year :)
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Stop-loss of RM0.96 broken. Looks like a failed break out. Tough luck this time round!
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it's bullish in a bearish territory at the moment. will wait....
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looks like somebody was controlling the trades today - to accumulate cheaply during force selling day of the last high volume move. suspect the same group who pushed it up from 0.84 to 1.03. should this be the case, just a matter of days for another push past 1.10. index wise, we are firmly above 200 day moving avg. index first broke out 1504 to 1530 then successfully tested again this 1504 yesterday. this is very significant. this is the classic break-out behaviour of the index. general mkt now is on the way up another 60 pts or so, and all the 2011 battered stocks should move up, including knm. knm close at 0.97 today is exactly at the previous resistance turned support. intraday move toward 0.955 also has created a candlestick hammer. a significant upside move can be seen in about 3 trading days. this would be a breakout above 1.03, with high volume.
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music to my ears haha
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Sold 0.995/1.00 !!
It's all over folks !
Dance to the rythm.
Game over. Adios.
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Xenon, Can KNM move up to RM 2 something again? I bought above RM 2.00...
TQ..
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[KNM] 21 DEC 2011: KNM SUPER SALE @ 85 CENTS A PIECE !!!

New episode in a new chapter.
Price will rebound once EPF stops selling.
$116 mil loss in 3Q11 was a one off event.
$0.85 is below par value of $1.00 & book value of $1.75.
Grossly oversold. Long term resistance level is @ $1.28, which is $0.43 above current price of $0.85.
Bought $0.5 mil today at $0.855.
Good deal at Super Sale value.
BUUUUUUUYYYYYY !!!
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bro, based on TA, looks like there are still much room for further downside. any idea on the bottom? cut loss? :)
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No TA for this after 2006. There was a support at 0.85 way back before 2006. Cut loss at 0.82.
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Dun trust tis person....spreading rumours all d way...
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Why can't we all be constructive & positive & nice to each other ? That would make this much more enjoyable experience.
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It's kinda obvious why the other forumers are hostile towards you. Though you said adios, again you can't resist coming back.

For the rest, go lookup on the threads he started. Anyway, this is his third attempt at asking people to buy KNM, the first 2 were abject failures. Roguetrader, his bottom is always 5%, after which he apparently will always cut loss and move on. His buy in price is 85cents, so for him, cut loss would be around RM0.81. Let's see if he fails a third time.
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Sold clients share at 0.855 to 0.845. Buy back at 0.835 and little at 0.84 XD
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adios on Harvest, not on others. Got it ?
knm has been downtrending from the high of 3.20 to the present 0.84 for the past 9 months. Of course the best way to trade the market is to set a cut loss price target before one enters any trade. This is the basic of trading to limit any disaster. Imagine if one did not set a cut loss point when bought into knm at 2.10. At that particular time, one would have felt lucky to buy at 2.10 as it seemed the lowest bargain price as it was 2.60 one day earlier. Unlike in a bull market where the general direction is uptrending, then cut loss point is a vital tool in all other market conditions. To set the record straight, made a lot on knm during the initial phase of what seemed to be a superbull run in the making. that was from Nov 2010 to Feb 2011. bought knm @ 1.90++, sold at above 3.00. That was nothing compared to the 2 attempts on the way down. 1st one around 2.00 & the 2nd one at 1.45. On both occasions lost 5 to 10 cents.
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Seriously, never one would imagine knm would decisively break its major bear market floor of 1.28 created during subprime mortgage crisis of 2008/9. Now at 0.84, relatively it is trading very cheap. The move to the downside now is driven by emotion, psychology and fear due to the massive 3Q11 loss. The loss is a one off set-off event and will not appear in the future quarterly reports. This is the rational for those to buy now and intend to do a serious investing over 1 to 3 years horizon. As for traders, like myself, place a tight stop. My set cut loss point is 0.82, very tight, as I bought a lot. This was not triggered today as the lowest was 0.83. I could sense a strong support for the stock today as it made a parabolic move intraday. This is a signal of a floor. Trend reversal will follow suit in a matter of days. Look out for a bullish engulfing candle for confirmation.
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Those 1 or 2 you termed as hostile actually do not understand the the principles of trading, such as the need to place a tight cut loss point. They are actually naive and boyish as well. When dealing with big $, there is a limit of the use of foul language, being negative, or even being stupid to the eyes of the experienced one like myself. Should one were to trade on momentum, he/she could even sell out at the same price or 1 cent lower once the momentum appears shaking, no need to wait for the 5%. Got it ?
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mr. xenon,
i think that you had referred me as being negative and stupid and i am offended by that.
i wasn't being negative except to politely ask for your further opinion since the chart was against your statement.
i do not mind being called naive or boyish but it is sad for an experienced person like you to behave even more boyish than me. even a boy knows how to respect other people.
:)
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wasn't talking to you, my friend.
next time look carefully and think before you jump the gun. Can't trade the market without sharp eyes, sharp mind and decisive move.
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Roguetrader, for once I agree with Xenon, I believe he was referring to 'those who do not understand the the principles of trading'

OK lah, I'm off to bed, good night and Merry Christmas to all :)
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bro, okay. i take it. night and merry christmas to you too. cheers.
:)
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mr. xenon, ok, i accept it. good luck.
cheers.
:)
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Dude, I said the 1 and 2 are failures, not hostile, get it? No matter how you try to justify them, they are still wrong. Anyway, what you've just written basically reaffirmed what I wrote. But you're showing some improvements, at least now you throw in the cut-off point.

There's no point for me to continue arguing further, any other forumers worth their salt will be able to form their own opinions from the posts. Anyhow, let's see how your latest prediction go, if it goes down south further past your cut loss point of 82cents, or if there's a turnaround. 3rd time's a charm, or still a downer, well time will tell.

P.s. My TA says it's oversold as well, there may be a chance for a slight rebound, but the medium-trend prognosis is still down.
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i reaffirmed your misunderstanding of the cut loss technique widely used by experienced traders when buying stocks on the way down in a bearish market. it was not a prediction. buying was based on historical support level around 0.85. the point is the technique works as one would make a lot more on the way up than lose in a few attempts on the way down. my crystall ball tells me a rebounce towards 1.00, then form a double bottom around current level of 0.85, then cruise past psychological ressistance of 1.00, temporarily held back at 1.13 resistance level before testing a significant support-turned-resistance at 1.28. all these would unfold between now and post 4Q11 financial results announcement in the next 3 months. you see my upside is 1.28 - 0.855, but downside is 0.855 - 0.82.this is the risk management technique that you miserably failed to recognise. sixth sense tells me that you and a few others are now afraid that i might be right. trading actions today also show that trading activities have shifted from speculative penny stocks towards real stocks like knm, uemland, mrcb, etc which will pick up speed as enter 2012.
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LOL, it's amazing how you manage to contradict yourself with your posts. First you said earlier that there's no TA for KNM after 2006, but in your latest post, you're justifying your predictions through TA. Secondly, you made a statement that you're not making a prediction, but in the following statement, you state that your crystal ball is telling you the future trading pattern. Right...

Finally, it's weird how your sixth sense is telling you that I'm afraid that you may be right. Truly laughable. In the first place, I'm not holding onto any position in KNM i.e. I have no stake in this. In fact, I'll be the first to congratulate you if you get this right this time round, because it'll prove that you're not just an empty vessel!

Anyway, I see that there's no point arguing with someone as self-deluding as yourself. The proof is in the pudding. Since your 'non-predicting' crystal ball has already given you a 'non-prediction', let's see how it unfolds shall we?
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stupid. 2 different levels of thought at play here. 85 cent support was BEFORE 2006. This was the serious basis of putting my half a million into knm. different level of thought was made in jest when 'crystal ball' was invoked; have to say this otherwise the stupid ones wouldn't understand - nothing serious & i'm not sticking to it. you can't predict market conditions, demand, supply & sentiment until they take place. minute by minute market actions tell you all these and you act accordingly, swiftly & decisively. this is another basics of trading that you again miserably failed to grasp. so, prediction, in its serious sense never would apprear in vocab of professional traders. you want to argue just for the sake of it, without knowing the trade and who you are dealing with. adios. you are not my match. btw, knm has flashed a bullish engulfing candle signalling a trend reversal.
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Just got back from a nice holiday and read your post.. Making jokes now are we? LOL, so apparently you're a clown as well as a charlatan :) Indeed, different levels of thought at play! Haha, looks like I pressed the right buttons of a 'seasoned' trader. Anyway, don't bother defending your words and trying to hide your contradictions with excuses that they are just jokes. It's pathetic. Adios, I'm not your match? LOL, I don't even see you as competition. Go get a life man :D Sorry, clown :)

I did say I'll congratulate if you get it right this time round. So good job, seems that third time is a charm for you :)

Adios! Although I'm sure you'll be back. You can't resist, after all. Clowns LOL.
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SOLD KNM @ 0.955/0.96 @4.30-4.45 pm Wed 28Dec2011 !!!! Next move - JCY or MBSB. Ha, ha, ha, ha, ha, ha. This is the sound when one is laughing on the way to a bank. ha, ha, ha, ha.........................................................ha ha ha....ha !! Adios stupid.
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Told ya will be back LOL. Well as they said, even a dog has its days sometimes :)
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ADIOS
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totally agree on....chance for a slight rebound because of oversold, but the medium-trend prognosis is still down.

ps...no one know :(
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I also feel that KNM is cheap now but I will not buy as long as it keep breaking new low everyday.Anyway,this is just my thought
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Essentially you're trying to catch a falling knife. When will it bottom out, no one really knows.
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the knife is moving slowly, not falling..
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Looking at the chart, obviously, it is falling......
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look again....adios
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May be Beauty lies in the love's eyes.

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noted in the past 3 days of steady and persistent buying of 2000 shares throughout the day. This is a fund going long, averaging in search of a bottom.
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be safe than sorry. ok.
but no risk, no reward.
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The charts are not clear at the moment, if anything it seems like it's still not bottomed yet. Perhaps it may show some sign in the next couple of days.
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bro....
how??
charts clear liao??
look as going up liao...
what u say??
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Wait for higher lows to be formed first.
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beautiful...... go go knm!!
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seems like you now have the last laugh ;)
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SOLD KNM @ 0.955/0.96 @4.30-4.45 pm Wed 28Dec2011 !!!! Next move - JCY or MBSB.
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oh you're abandoning knm already? I thought it's just started going up north....
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don't think so. most likely distribution tommorow at +/- 2 cents from closing. made 10 cents. see cash, take cash. look to buy again at 0.84 with this double bottom theory.
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at rm1.04 now..
possible above rm1.00 all the way liao :)
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yup the heat is on
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looks like u left 10sen at the table today....
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[KNM] 23 Aug 11: KNM DIRT CHEAP @ 1.44

Bought 1/2 a mil $ today @ 1.44.
KLCI has formed a double bottom @ 1474, next stop 1530.
Overseas mkts making U turn.
Budget on 07 Oct 2011.
Traditional run-up to budget day is just 6 weeks away.
Can make 30 to 60 cents easy in 6 weeks !!!
Those with bullets to shoot, shoot now !!!!!!!!!!!
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Good luck. I don't think it will go up so much, in fact, I'd wager it'll go down somemore. But since you can afford half a million in stocks, should not be problem for you. May the force be with you then.
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Be safe. Be vigilant. Good luck!
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Get out from this share... Its nor really reliable anymore...
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I don't know whether current price is cheap.
But, based on KNM's historical data their fair value shouldn't more than RM1.00. Only it drop below RM1.00 i will consider to buy some if not there are plenty of stocks better than KNM.
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Historical low was at the height of the US sub-prime mortgage crisis in March 2009. The price then was 0.32, before share consolidation 4 into 1. This means the price then was 0.32 x 4 = 1.32. Today's close at 1.40 is just 8 cents above this historical low. I may not get the bottom, but I believe I get in at a low price band. Felt it was cheap at 2.00. Went in once at that level and cut loss with a few cents loss. Was patient at 1.75, but at 1.44 I lost my patience and went in. Noticed in the announcement that its CEO added position at 1.80++ some time back. Will hold this one for pre-budget market strength. Hopefully can sell somewhere in between 1.75 to 2.00.
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Take heed that Maybank Investment has made a sell call on KNM and downgraded the target price to RM1.19 from RM1.48. 1H results were a letdown, prompting us to cut 2011-13 earnings by up to 64%
p.a.. While KNM delivered on topline, bottomline was a disappointment, felled by cost overruns and high operating expenses. While the share price has underperformed by 48% YTD, we expect performance to be further suppressed. There is no sign of an operating recovery and declining margins is a concern. Further, valuations are expensive now.
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looks like heading to 1.00??
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This is a traditional sign of a bottom; when people are scared and thinking it would go down to the abyss. Don't lose perspective - 1.75 to 1.85 was cheap. now at 1.35 to 1.45 is super dirt cheap.
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Admire your confidence, but sadly misplaced in this case. But anyhow, you're the one with half a million to burn. I'm definitely not shooting bullets any time soon at this one. KNM like other O&G players will only move when they get lucrative contracts, announce huge profits or get M&A. The last 2 is highly unlikely to have, so good luck with the 1st catalyst.
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Hopefully you've sold it off by now. With the announcement of the massive loss, even RM1.00 would not be 'super dirt cheap'.
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His last post :

"1)2)3) Wait & see. Who's right, who's wrong These are obvious bull markers for seasoned players.

KNM - i'm not yet proven wrong. 1.30++ is still within cheap buying band of 1.44."

he should be suffering about 22% loss from 1.44 ..and he said he bought half a million worth of it.. How "seasoned" can that be?
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the biggest lesson i had learned in my 18 yrs of trading. Eliminate Ego. never trade with ego, never trade to prove to anyone.
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I wouldn't say that knm is a strong fundamental company.. the value is not there.. but if u are a speculator.. just watch out.. there may be some technical rebound for it.. Not all share price reflect solely on fundamental...=)
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Actually, KNM's performance reminds me of Scomi..their profits were falling, and when it suddenly announced a massive quarterly loss, the price caved in. Since then, it has been languishing at penny stock price. Thus, I see something similar happening here. There may be a slight technical rebounds here and there for KNM, but the medium-term horizon is dire.

Anyway, Xenon did add "Be prepared to cut loss". He probably already did that, albeit in a quiet manner :D
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YES, I CUT AT 1.35 MID OCT, BUT ONLY AFTER IT DIPPED TO 1.13. EUROZONE CRISIS HAD CAUSED THE WORLD MARKETS TO DIP BEYOND EXPECTATION IN SEP, CAUSING KNM TO DROP TO 1.13. CAME OCT, IT WAS A STRONG BEAR MARKET RALLY. THIS WAS THE TIME I DECIDED TO CUT LOSS. TODAY, THAT 1.13 WAS VISITED AGAIN BUT LOOKS LIKE IT WAS BROKEN WHEN IT CLOSED AT 1.12. THIS TIME KNM'S HUGE QUARTERLY LOSS DID THE DAMAGE. [ALLOW ME TO BRAG: STRIKED JACKPOT - BOUGHT HARVEST 5,000 LOTS AT 0.26 AND SOLD AT 2.03, MADE RM870K]
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OK, sure, we believe you :)
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sienz.......
i strike btoto 40million last few months. zzzzzz
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Wah congrats Simon! :D
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INVESTORS bought when KNM dropped with high volume from 2.40 to 2.00, and still holding. SPECULATORS cut losses at 1.80-1.90. SPECULATORS are better off than INVESTORS.
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Not all Investors are Buy and Hold and Not all Speculators cuts losses.
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thanks for the clarification.


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investors= if they make money, they sell to take little profit, then tell ppls they are trader.

speculators= if they make a trade and losses money, they paid up the stock, refuse to cut losses, and tell ppls they are in this for longterm, if go lower they will buy more bla bla.

so, since human are all self-deluded, why bother they are investors or speculator?
to me, everyone is speculator in everything in life, just that some r lousy so they call themselve investor, just like everyman is a farker everywoman wan to be fark and nobody wants to admit this realities.
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Another lesson - not all 'goreng' can be successful. It all depends on general market sentiment at any given day locally and worldwide, the news flows and their timing, and reception of other players. This is why you see during active days that all top 30 active counters are moving but only 3 or 4 are actually move up but the rest fall back down. Stockists, market makers, manipulators or by what other name you want to call them, always test the water first when they goreng. When the sparks fly, then you'd have a rally. If the reception is not good, then they would back out and clear their holdings. The same is true to the downside during a sell down.
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Seasoned players would tell you that Eurozone Debt Crisis has changed the game to the downside for all stock markets worldwide.
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check the dictionary -- catching a falling knife...
cheap can go cheaper, expensive can go more expensive.
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Shouldn't take heed from these analysts as their target prices differ greatly between one another. TA on 23/8 put a target price at 2.53, OSK 2.20, ECM Libra 2.25, HWANGDBS 1.35 & RHB 0.93. What is for sure is that it is now in a grossly oversold zone with RSI at below 30 and fast MACD is about to cross slow MACD.
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xenon u stil don wan to wake up ah?

bottom of what? mkt keep sinking since u called double bottom at 1474 level...
now 1450 onli wor...
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It's his money and his call. We can only weigh in with our opinion, and definitely not with our money. Let's just sit tight and watch how it unfolds.
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KNM can buy at RM 1.28 and hope to sell at RM 1.35?
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Many ppl lost faith in KNM share d.. It may go down to 1.20....
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It could have a slight rebound...
But not worth taking the risk
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Expect trend reversal to take place next week. Close Fri = 1.33. Previous day close = 1.37.
Expect it to close > 1.37 in the next trading day. Then you'll have a trend reversal, not merely a slight rebound. We'll see.
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For those with longer term horizon, one big transformation not really noticed by many is that KNM is now becoming an EPC contractor plus maintenance & operation operator of oil n gas facilities. This is a super mega shift from only an equipment fabricator. Those in the oil n gas business may realise this, but no so the general public. Warren Buffet would realise this as well. Ignore market noises, but capture the big moves over time !!!
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Any news of KNM eyeing / obtaining an EPC contract...?
Have they got the force/ resource to be a strong EPC contractor...?
If you can prove them...then I will srongly suppport you , as I am in the oil and gas .
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google for multi-billion $ MOU JV with Zecon for Johore project. Definitive agreement in 3 months. Resource can be acquired in oil n gas as many are freelancing.
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Losing faith is one of the few signs that the price is bottoming out. When u expect it to go lower, it will stop going lower. Been there, done that many times over.
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Don't set target price when to sell but set the time - 3 days before unveilling of budget 2012 on 07th Oct. No contra play. Contra is gambling - either u make or lose in 4 days. All gamblers lose money; undisputed fact.
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Agree that double bottom set-up has been violated, but we are in a "cheap environment". There are 3 bull markers ahead where the environment will get expensive (or overbought):
1. Pre-budget, leading towards 07/10 - 6 weeks
2. Pre-election, expected during school holidays Nov/Dec - 3 or 4 months
3. Pre-CNY, leading towards 23/1 - 5 months
All the buyers now (buy N hold type) will make money. Believe me..
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dont mean to pour cold water on you.
1) 2) 3) u just mentioned doesnt resuscitate a sick dying stock from worsening.

bear in mind it is not an index-linked stock.
pls also stop asking ppls to believe u. u have to believe in yourself, and since u had proven wrong in this case, wrong in hwgb case and few others. also as i recalled u shout for target ard 1.20 when it was 70c and on the way down. honestly i was the victim of your great unjustify confidence.
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1)2)3) Wait & see. Who's right, who's wrong. These are obvious bull markers for seasoned players.

KNM - i'm not yet proven wrong. 1.30++ is still within cheap buying band of 1.44.

Dance to the rythm in investing. Be prepared to cut loss. Below is my last posting on hwgb. Don't twist the fact as you wish. I recall asking people to buy at 0.55 (on the way down). Obviously, technical rebound took it to 0.76. Now at 0.30 is another episode alltogether (European debt crisis coupled with tumbling Dow):

TOLD YOU SO.
Price now at 0.72.
Profit = 0.72-0.55 = 0.17
0.17/0.55 x 100% = 30%
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Xenon u r a hopeless liar. u should stop making recommendation here or anywhere else. u r a flop!

Wave 1 completed. Consolidation of wave 1 almost complete as well. Wave 2 will break the peak of Wave 1 at RM1.00. Target peak of Wave 2 is RM1.40. BUY HWGB !!!!!!!!!!!!!!!
6-Mar-2011 11:50 PM
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No need to resort to such indignified language. One thing you should learn is trading in stock market is a calculated guess, based on combination of past trends and company fundamentals. Once you are wrong, take action to cut your losses. This is not flip flop. It is trading 101. If you are too rigid and keep on holding stocks when the market moves against you, you could be holding stocks with huge paper losses for ages. Cut loss and preserve the cash for some other opportunities. Another thing that you should learn is our market is flooded with stockists. Make a calculated guess when these stockists are accumulating which counters, when they are about to push up the price, when they actually are pushing or 'goreng', when they are distributing their holdings, if they want to push up for 2nd round of play, and when they have released all their holdings. This way you'd know what to buy, when to buy, when to sell and when to cut loss. Look at price levels, volume actions and overall local & overseas market sentiment for tell tale signs. You've got to be in the market for more than a decade, gone thru a few bull & bear markets, got fingers burnt a couple of times, before you could master this FAST PACE GAME. The fact of the matter is 8 out of 10 traders would ultimately lose money in stock markets worldwide, as 'the house always wins'. Why they keep coming back ? Because of the adrenalin rush and the hope of winning big, and he hope of striking the like of Harvest Court or Mbfhldg-WA. Warren Buffet just said 2 wks ago "If you think you can make big money buy jumping in and out of stocks, you are fooling yourselves". But if you are good enough to form the 2 out 10 traders who make money in the fast game of stock trading, then you are better than Warren Buffet !!
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for your records, i doubt that u have the qualification to teach anybody anything. stop misleading readers with your nonsense. its a waste of time reading your nonsense and counter productive and full of flaws. thanks and stay away please. pls do not reply to me anymore. i have no time for you.
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Oo.. so are u better than warren buffett?.. Anyway, in investing always learn from ur mistakes.. ppl recommend.. For instance, now i strongly recommend thplant and kmloong.. what u want to know i can tell u but i cant promise u anything.. further analyse will depend on urself.. i am just giving an opinion to share with u guys... Dont need to fight over one small issue.. relax.. Continue and learn from mistake..=)
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are u talking to me? if no why u reply to me?
warren buffet failed in trading stock thats why he didnt trade.

never use warren buffet as a role model, he is a failed trader, he doesnt know anything abt trading world.

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daniel is refering to xenon post about forming a 2/10 trader then be better than warren.
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This page is getting too long now. Time to stop. My parting words... he is not my match...I am too big for him. Obvious for all to see. You know I could write a book about trading.

Good bye all, take care.
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should we call ambulance for u?? obviously u r very sick.

really goodbye and pls go elsewhere for your garbage and Big Ego.
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very obvious u r insane.

all u said u have bought. (and shout for everyone to believe u and follow u) turn out losing Big Money.
those that u never said u have bought, (and therefore never shout and ask ppls to follow believe u)b>> turn out Big Winner. but u then have the cheek to brag that u have make million from those u never said u have bought !!



hahaha. if that is not insanity what is? go write a book about how u failed in trading. :>
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if dont get out now, wait for 50c.....
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Another basic lesson to learn - don't think where the price will go. The market will tell you how low it can go. You can never gauge the buying supports ahead of time.
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u r the fool that has been telling ppls where the prices would go! are u from tanjong rambutan???
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Hi You are sohsoh, how can knm down to rm 1.00
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Famous last words @_@
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Hi khjason sorhai.
now is 97c only, 3c below rm 1.00
u call me sohsoh very cute.
i call u sorhai can or not?
big big sorhai. :)
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Yes. Really drop below 1.00 now.
IS it time to buy now? i afraid not. As we can't see the competitive edge of this company.
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While traders argue what shares are cheap, what are not, the government and cronies get all FAKE FREE SHARES.
https://sites.google.com/site/1moneysia/
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MUIIND :)
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muiind can make big bucks, if you can hold onto it for sometime. i did make a small killing out of it last year.
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Contra not say very bad... got raya gift from public even though I don't celebrate raya XD
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Hmm... time to push MBSB? 1.6
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Maybe it should be better to go in at 1.4 to 1.44...
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True though... but have make to shares perform
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The warrant price is "locked" :)
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KNM 1.33
they u turn down?
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I wonder anyone would like to push mbsb-wa
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At a downtrend.. You may want to avoid warrant...
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Yep... but dunno is a down trend or not.
I don't think ppl sell it either, I can't even buy enough
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Ah.. my warrant got 5% already
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EPF members will push up
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Xenon, hope u learned the lessons.... be humble and keep learning.
good luck in your future trade!
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Long gone are the days when buying stocks were based on fundamentals and holding them for long term to make 30, 40% gain over a few years. Many worldwide recognise this - that being trapped in a fundamentally good stock during market downturn would mean losing many opportunities to make money. As markets are not efficient, many fundamentally good stocks do not perform as theoretically as they should. Many worldwide now realised that fast pace trading is the way to go. Go in many times and place a tight stop at 5%. Should you miss this stop, then get out on technical rebound. Sometimes you make sometimes you loose. When you strike the one on the move, then place a trailing stop, i.e. don't sell until the price reverses by 5% of previous day's closing price. This is how I made $870,000 on Harvest with $130,000 purchase, and this profit has covered my 10 cents losses on KNM many many times over!
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oo..remember lucky wont always be there..learn from mistake ba:}
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[KNM] Is this stock worth to continue holding on to?

Hi all, my O remisier was the one who asked me to buy it at 2.63 saying their firm is buying. It seemed like a very bad choice and I'm stuck ever since. Is it worth for me to hold on? I don't mind for long term but I am not familiar with their prospects in the O&G equipment-will they rebound after a year or 2, or u think it's another SCOMI or Green Packet that'll never grow than RM1.00? Appreciate your expert advice pls.
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marco.. i don't mean to question your decision, but whether you are a trader or investor, whatever your remisier says, you have to take it with a pinch of salt. you have to do your own homework on the stocks recommended as to its fundamentals at minimum. if your answer is going to be "i'm not familiar how to do it" or "i don't know anything about stock" or "i buy and sell based on my remisier recommendation", then in my humble opinion is that you deposit your money with a professional fund manager and study how and what they invest in. meanwhile, read up research analyst papers on stocks which will give you an insight detail of the stock.
ok, having said that, back to knm... the slide is due to the huge ~rm115mil loss posted in Q3 due to operating impairments which resulted into a year-to-date loss of ~RM86 mil. the question is "is this a one-off thingy or not ?".
imho, there seems to be cost management issues that still persists and the loss might extend to Q4. however, the TA charts seems to suggest that its in a oversold position, hence like to see price support at rm0.95. i'd sit on it....
but... frankly, i dont have the stock, so thats just my 2sen opinion.
cheers.
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Frankly speaking, we've all made bad trading/investment decisions before (I still have my Scomi @_@), it's just how bad is bad, and what we learn from it. For me, KNM should eventually get back to being profitable, it still has a lot of projects in its stable. Their abysmal performance this quarter is mostly attributed to poor cost management and lower job recognition. They do have an outstanding job order at approx. RM3.3b, so it's unlikely to go bankrupt any time soon.

Thus, the decision of whether to cut loss or not will still be up to you. Your loss margin is already very high, so even cutting loose now would still result in a bad loss. KNM doesn't give much dividends, so your only reason to hold on to it is to wait for it to appreciate back to a level that you can consider selling, which I think won't be happening for at least half a year or so (depending on global economic condition).

BI
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On KNM, there is some good news amidst this.

The Company have decided on a 50% profit payout as dividend effective FYE 2012 (next year), so, with an order book of ~RM3.3b, you just have to look back at their announcements on contracts won and look at its details to figure out when its executable and work-out its estimated profits into the various financial year ends.

Once you can estimate its dividend yield, + capital appreciation potential, then the decision to hold or cut will be depending on your personal risk profiling...

cheers.

ps... or you may swap counter to Dialog.... ;D
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hi ramsyll,

can 1 give u 50% of what i dont have?

Malaysia education is really a failure...
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hi Bud,

i would say, if someone u trusted lie and cheated u for the first time, u can give them benefit of doubt, it may be wrong timing, misunderstanding etc. for the 2nd time...maybe still can have little faith, for the 3rd time, u r the fool, its your mistake to trust him.
bottom line, is the company run by crooks?
and is it investable?
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[KNM] Will KNM rise soon?

Petronas to announce RM50bil complex in Johor, do you think KNM will join to this project? I hope can buy some quantity for this stock and keep it since its RSI was quite low at 30. Its good timing for us to invest this counter and play for long term.

What is your opinion?
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agree that KNM has a setup to rally, but before that can happen, it should see a pull back reaction very soon when the daily MAs converge - that will be the critical point. even if there is a rise soon i think upside is pretty limited to around 2.75 i.e. the upper BB limit. it is still on the down trend but u can use ADX to track any reversal....
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Buy and keep in the peti sejuk. Once it shoot up next year cash in.
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it are more lower if compare with the dialog and kencana....
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KNM is rising.
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I saw it today... rising ...
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brothers, i dun mean to blow ur bubble, but it's not time yet for KNM. if anything, KENCANA will see some action first.
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01st June 2011 - 2.01 only la. Bashed down. Dirt cheap. If it closes above 2.05 tommorow then we'll have a bullish engulfing candle. Near term trend reversal in the making. Don't buy at 2.0/2.01/2.02 but buy at 2.05/2.06 towards the close. Sell at 2.30++ in 10 days.
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no way in hell tat is going to happen in 10 days.
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ok based on trading action today, extend to 14 days.
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Hooii ! Bullish Engulfing already la. It's going to happen in less than a week. Hooii !!!!!!!!!
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brother, how long are you going to remain in denial? you know in very well it aint gonna reach your target in such an unrealistic time frame. i suggest you swallow your pride and cutloss when you see fit soon. let this be a lesson you will always remember.
i commented about KENCANA on 2011/05/18 @ 2.77. it broke triangle top with high @ 2.92, and the setup looks pretty strong to take it further. this is the kind of counter you should play. half baked ones like KNM are only good for TnG.
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u may want to have your eyes and brain examined. which part of "i'm out" you did not understand ?
my advice to you is to cash out as stocks have been depreciating one by one for the past few weeks. blue chips, banks and oil & gas are grossly overbought, toppish, with the risk-reward ratio no longer attractive. while the rest have broken down from their constructive chart formation. market will go south for the rest of the year. kencana - a stockist went in and played with it intraday - pushed up, no followers, then decided to sell, thus making an intraday u-turn at it's overbought/toppish zone - as simple as that !. Sayonara..
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whatever rocks ur boat xenon, i m not the one losing money here.
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ur 'triangle top' is about to nose dive...ha ha...not all triangles can top one....else all will be super rich!
btw i don't lose money. make a lot here, lose a little there, part of the game. my advice to you get out now, S&P is about to break it's 200 SMA.
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I bought at 1.82 today but dropped further to close 1.79. What is TA reading on this now bearish? Next support price 1.75?
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Never buy a stock when it is falling... Besides.. ask urself why did u buy knm?... Even there is so many projects are coming up but why is it still tumbling?... The company don't worth that value.. UOA development will be the same... Dont get trap... Be alert... Good luck...=)
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Projects a lot but poor earning and poor cash flow. Just like you have a lot of boy friends or girl friends but none of them is good enough to be your husband of wife.
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i agreed with Daniel.
is not worth pursuing knm or uoa.
i learnt my lesson, that is, trade with what you see, not what you think.
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Huh, I sold mine @ 1.85 for very little profit. Relief! Now lets wait and see where it goes.
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If you are looking for medium and long term.. take a look at glomac, kmloong, lingui, fajar and masteel...=)
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[KNM] Grossly Oversold at 1.99

For every seller, there is a buyer.
30 cents ++ profit in 2 weeks. BUY !!!
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Discount. Buy.
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hooi ! who the f is still selling ? only the crazy ones sell cheap. hooi ! stop selling stupid.
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Hi,

I think still can go down to 1.69
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good. this is good. bcoz when u think it'll go down some more n got scared, it'll stop going down. it moved up 1.20++ from 1.93/1.94 back in jan. this base is the hard one to crack n was hit this morning. once the force selling vol are cleared the day after tommorow, it will move up. 1st stop at 2.10, followed by 2.20++. we'll see.
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A crystal clear Bullish Engulfing formed today. Small ups to be followed by a big leap.
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Fair price 2.12. Now discounted - buy.
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On average, fair price is 3.00++ to 4.00 ++ by various research houses in town. Google for these.
But for now, a confirmed bullish engulfing candle today has signified a trend reversal for a selldown from 2.53 to 1.92; Look to sell at above 2.20 in a week's time.
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AMMB 3.25
ECMLibra Investment Research 3.43
HwangDBS Vickers Research 3.50
Kenanga 3.06
Maybank 4.35
MIDF 3.20
OSK Research 3.44
RHB Research 3.45
TA Securities 4.80
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bullish reversal not confirmed
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price dropped 7 cents from 1.99 to 1.92 the day before yesterday and closed 10 cents up to 2.02 yesterday forming a bullish engulfing candle of a clear cut 3 cents being 2.02 minus 1.99. when this takes place during a down trending price movement, it is a confirmation of a trend reversal. price behaves the way it did this morning (in the red) was because of force selling today (huge volume generated at 2.00 to 2.01, payment due today). Once this hiccup is over, a gradual move to the upside, followed by a big leap will take place. Note that there is an announcement of major shareholder bought in 2 mil shares last week when the price that day ranged between 2.06 to 2.13.
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Thanks Xenon. I learned something from here.
I share the same thought and hope to ride the wave slowly.
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major shareholder = EPF
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I noticed this too.
The deal were done on 31 May.
HLEBROKING only display this on June 7.

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not the broking house caused the delay but the reporting delay, n i'm sure as days go by we'll see more announcements of EPF buying at 1.90++.
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Hope today wash out all the motivated sellers and may the tide starts to rise gradually tomorrow.
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initially it was force selling but later noticed some funds/institution panic selling, but equally firmed were good buying support by another fund. could be EPF. whatever it is, the current price weakness presents a good opportunity to own knm shares at bargain. petronas capex is 300 bil for the next 5 years. all these projects require process equipment for which knm is the main player. price should close above 2.02 tommorow for price to start uptrending.
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a bearish harami was formed yesterday.
the sellers are in control.
it could be a bearish continuation if today close lower than yesterday
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hate to admit that u r right.
remaining controlled selling in progress.
volume will disappear thereafter.
i'm out. lost a few cents.
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KNM oversold =- further selling somemore
failed to capitalised on good news - bearish
most O&G counter rises
could bearish harami confirmed into three inside down? let 's see
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it's all over. 2 more legs down. half wind candle spotted. this means down n will stay down for a few months.
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is over. i am out too. lost a few cents too.
what is the lesson learn here?
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lesson learnt - don't get involved when price falls with extremely high volume, in this case more than 1 billion shares.
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[KNM] WHY NOT BUY KNM?

That fella wants to buy the company at 90c

Now it's trading at 82c cheaper by 8c which is nearly 10%

It's so good in value!

Further more I think the Board is going to reject and the offer will be raise to Rm 1.20 or 1.50

My 2 cents. Anybody got any idea to contribute?
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What if the deal not materialised. I remember that fella mentioned abt going private somewhere end of 2008 when the price was around 40 sen.
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Risk will always be there.

We take risk all the time. Set a stop loss level.

Gudluck
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By Technical Analysis, volume has rose as the price close higher. This will boost the price will go up more to the takeover price. Besides, MACD also shows the signal to buy whereby there is crossover of blue line on pink line.
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Then why KNM was down to 0.790 today?
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Good spot ! Further discount



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Yeah. I support it. When people sell we buy. The syndicate also wait at this moment to buy at cheap price, then lock the gain when the right price come.
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KNM will gain up again tomorrow after lower opening in the morning and lower close yesterday.
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More discount will come out for this coming chinese new year. People mostly chinese will start sell today to take out the money for the celebration. The price will end lower this week.
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[KNM] KNM may rebound

Technical analysis shows that KNM at 50 days support line.
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[KNM] KNM good buy now.

Oil prices will hit US100
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[KNM] Market seeing heavy distribution by big players.

This few days the KLSE is under heavy profit taking and distribution by institutional funds. I think it is time to take some profit and stay out of market for the next two months.
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[KNM] knm

no idea.....any recommaded?
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[KNM] knm

wat's the target for knm?when is the best time to buy in at wat's amount?
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[KNM] mrcb. 0.600 todays

i bought mrcb with the price 1.700 x 10unit .

so bad mrcb nowadays. will the company bankrupt ? should i sell it or just hold 1st .. any opinion ? thanks
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[KNM] KNM


What happened? No idea!

But today, I'm sure some fleetfooted daytraders really made a bundle on this counter, playing the low of 0.39 all the way up to 0.695 at the close...hehheh!

Happy trading!
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[KNM] What happened.........??

Anyone knows......?
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