sebastian

Blog/Website:sebastian @ tradeSignum
Gender:Male
Intrested in: Technical & Fundamental analysis
sebastian is a member since 23-May-2011.
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[PADINI] A good stock to have

Thanks for your response. I'm still groping about in TA. I'm still not able to read the charts well. I sold Padini because of the big black candle and because I had a tidy profit. I was subsequently proven right for a short while before the stock rebounded. My target was RM1.80 and still is. I did reach my target having rebought it at RM1.47. I bought some at RM1.58 yesterday. Unfortunately I don't share ValueInvestor's optimism which stretches too far into the future which current fundamentals of the stock do not justify it. People and conditions change over time. What looks good today may not be so tomorrow. Events of the past few days should be a sober reminder to us to treat even the seemingly solid as a rock companies with guarded optimism. If anything can fail, it will. Remember Barings et al?
17-May-2012 9:40 PM

[PADINI] A good stock to have

Great. But isn't it time to take profit. I remember I bought Sime Darby at 3.40 I think in 1981 and sold it 10 years later at about twice as much. Come to think of it and after some quick calculations, I would have earned as much by keeping my money in a savings account on compounded interest at that time!
22-Apr-2012 4:44 AM

[MTOUCHE-WB] Premium: -17%, another TMS-WA??

Yes, indeed! You're right. This is crazy as it defies all logic. As I said this is a highly speculative stock. I'll never go for such stocks because I had burnt my fingers before on such stocks. Stocks that I won't buy no matter what the charts say are those of the likes of harvest, aglobal, etc.
20-Apr-2012 1:28 PM

[MTOUCHE-WB] Premium: -17%, another TMS-WA??

Yes, indeed. Unfortunately I've not been able to read the charts right most of the time. On average, I'm losing a little money on TA. Only the last few months did I manage to cash in a little on TA of CIHdg, Dayang, Padini and Oldtown. I'm more comfortable with fundamentals and I've been able to make some money here by holding on to fundamentally sound stocks. Last year I lost some money (twice) on TA of Mrcb. I'm glad I sold to cut my losses. Or else I would have quite a big paper loss by now. Mrcb has fallen to its lowest since last October, and its chart seems to suggest that it can still fall further. Its year low is 1.48. I'm tempted to buy largely because I'd like to recoup my losses on this stock and try to make some money from it. Cheers.
19-Apr-2012 10:21 PM

[MTOUCHE-WB] Premium: -17%, another TMS-WA??

Agreed. All the best.
19-Apr-2012 7:49 PM

[MTOUCHE-WB] Premium: -17%, another TMS-WA??

As I see it, there is very little upside as its year high is 0.28. I haven't done a thorough fundamental analysis on this stock largely because I'm not attracted to it. In any case it has poor fundamentals. It lost RM4.66m last year. Its NTA is 0.09 and it has negative EPS at-2.05. It closed today at 0.505. At about 6 times its NTA, I would think that this stock is overvalued judging from its performance. Its year high: 0.52. It looks like a highly speculative stock. Perhaps you would like to look at Dayang which is on the rise. I bought some at 2.00 and 1.98 yesterday before it fell to 1.94. Today it closed at 2.01. Also Digista and Leesk are looking good with a bullish engulfing candle. Cheers.
17-Apr-2012 10:39 PM

[MTOUCHE-WB] Premium: -17%, another TMS-WA??

True. Red flag means warning. If you've a big appetite for risks, buy by all means. As for me, I wouldn't touch it. All the technicals are against it. RSI and stochastics are over bought for a week or so and are showing signs of dipping. So is the MACD. Price-wise it has been outside of the outer Bollinger Band for two consecutive days now but the price is not supported by high volume. Volume has remained low which is worrying. I feel that it is in for a crash fairly soon. Of course, I may be wrong. There is always this 50% chance of one being right and wrong. I'm also speaking from my own experience. Cheers.
17-Apr-2012 9:34 AM

[MTOUCHE-WB] Premium: -17%, another TMS-WA??

the low volume should raise a red flag.
14-Apr-2012 2:34 PM

[PADINI] A good stock to have

I've profited from this stock thrice and earned dividends thrice. I first bought it at 1.15 which was at the high at the time. I sold at 1.40 on Thursday, after having delayed it even when the the first bearish sign appeared on 13.03 with a big black candle. Chartwise, Padini is moving downwards and is likely to remain bearish although some bulls appeared yesterday to support it at 1.40 and 1.41. But volume at 1.56m is low. I may be wrong; but it looks to me that Padini is in for a long fall, before finding support at 1.10 perhaps. Fundamentally it is a good stock with very good earning potentials. I will of course buy it gain once its chart shows an upwards bias. My target price for this stock is 1.80. PS: I've a bias towards fundamentals. I try to combine them with TA. So far, it has worked well.
24-Mar-2012 9:48 AM

[TMS] Let the chart to tell you.

You're right. Not worth the bother. Fundamentally unsound. Chartwise is moving sideways and way below the 200-day moving average. Advice to stay away from it. There are many money making stocks at less than 0.95 sen a piece. Go for them.
24-Mar-2012 9:15 AM
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