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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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