Others Stock


Well, great. We're going to have some real discussion here, since times are aplenty.


1. Let me just say that I was complaining to the guy whose posting prior to mine gave the impression that he was so 'cocksure' of his opinion such that he urged staying away from TRANMIL. The advise was misleading at best. In the event he was quite wrong. (Making 74sen - 45sen Wednesday, then 29sen Thursday - before costs, is something very worthwhile especially for a daytrader like me, if I happen to trade this stock, which I did not).

2. If you look carefully, my post was dated 28/3/2008 at 12.42 a.m. I was of course wrong using the word 'today' instead of 'yesterday' ie. Thursday, 27/8/2008. If you check again, TRANMIL went up 29sen on that day. Thats what I was referring to. It was just past midnight, I did not check on that wrong word because I was rushing to go to sleep, I guess. I'd better be careful too, next time.

I agree with you that today or yesterday now, TRANMIL indeed went down a teeny-weeny 7sen (if compared to 74sen). If the trader did not lock in the 74 sen earlier, then he still have 67sen to be realised, say early Monday morning (but as a daytrader I don't like to carry positions overnight, let alone over the weekend. Things may happen in the US of A, come Monday morning the price gaps down so bad you want to kick yourself all the way to inner mongolia).

I also agree with you that nothing is certain. With TA we look to trade the high probability setup, on where the market/particular stock is going, and try to figure out how much up/down it could go. Its all probabilistics based on past patterns, volume, price parameters and miscellaneous indicators based on past data (thats where the hindsight factor comes in). TA is in fact hindsight-driven.

Again, I also agree that I should have posted my complain earlier before the facts. Perhaps I wasn't paying attention then when the guy's post first came out. Anyway I guess its never too late, even if I might appear unethical in doing so. Its never too late to share cautions. However, if you look thru my previous postings, I've always given my opinions before the facts and at times with the disclaimer on.

But hey, we do agree on so many things, I certainly welcome more discussions, time permitting. As for TRANMIL, my reading (I know its unsolicited, but I like to test my views) for next week based on Friday's (28/3/08)) chart is a likelihood of further price decline since its a bit overbought on the RSI, and closing price was still above the upper BB. Support could be at around RM2 and then possibly RM1.70. If the support holds, then the new uptrend remains intact.

There you go. Those who read this, pls decide based on your own analysis. As for me I'm not really into these kind of prices. I daytrade penny stocks, thats more to my liking.

Anyway, thanks Maxforce for your response.
Quotes are delayed at least 15 minutes. Stock charts are updated at the end of the trading day. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Tradesignum is not liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Tradesignum website, you agree not to redistribute the information found herein.