Long Tail : TitiJaya

 11am ... a lazy day for me ... no gardening , just listening to songs ...

Markets ...1st DEC also boring tho DOW up 500 points last night!! All those BULL talking now ... greed in play, yet again. 

While waiting gloves to dive further ... they are talking about new 'virus' cases in China? 

anyway ... lazy to check on those new IPOs ... and my Penang Trip this weekend cancelled ... so I m like zzz ... supposed to go Penang and planned ... maybe I just drive to Bentong for some durians and stay there overnight.

Ok ... saw TititJaya ...with QR out. the chart zzz ... crashed and sideway now ... u know, property stocks ... how to recover in 2023-2024 la ... 

There sideway ... buy at support ..hold zzz and when spike up, sell ...repeat. haha. That is how u trade a sideway stock ... ok? Newton's First Law applied here ... technically speaking.

Ok ... going for my makan , early lunch and nap. Woke up around 5am today and listened to Elon Musk ... a cool guy. haha. 

TEH

Selldown IPOs : TTVHB (0272)

 6.30am ... morning ... let me start to write about the SELLDOWN IPOs for these few days ... and I shall start with what TTVHB, one of the best performing IPOs during listing ... way over-valued, of coz.

Day 1 : TT Vision's share price opened at RM1.49, representing a 338.24% premium over its issue price of RM0.34 per share, with an opening volume of 7.05 million shares.

So ... those chased at opening are day traders or long term investors ..or neither.

Currently, around 70cents ... is it worth a buy? Well , to me ... if it is trading BELOW 34 cents, the IPO level, then we might want to check. Otherwise, MOST (if not all) IPOs are OVER-VALUED ... a way for insiders to 'escape' and those private placements (kaki-lang) to profits. Reality check ... who want us to own part of their robust and great biz, right? 

It is at early stage of listing ... so, the few QRs might not be 'helpful' to analyse the long-term strength of these IPOs ... PE at 34 currently.

So ... for short-term trading 'technical rebound' ok la ... otherwise, to invest ... wait for it to crash below 34 cents ... by then , most so-called retailers stuck inside and given up on her. 

Description:

TT Vision Holdings Berhad is an investment holding company. The Company through its subsidiaries is principally involved in the development and manufacturing of machine vision equipment and the provision of related products and services. The Company's machine vision equipment is primarily used for the inspection of optoelectronics, solar cells, and discrete components as well as used in vision-guided robotic equipment. The Company's business activities typically entail equipment design, software development, manufacture, assembly, and installation of equipment and/or modules. The Company's subsidiaries are TT Vision and TT Innovation. The Company's products include Solar Cell FRV-AOI, Solar Cell PL-AOI, Solar Cell TF-AOI, IBC Cell Sorter, and Quad Cell Sorter. The Company exports its products to other foreign countries including South Korea, Hong Kong, Germany, China, the Philippines, Singapore, Thailand, the United States of America, and Japan.

website : TT Vision Holdings Berhad (ttvision-tech.com)

note : I m interested ... but not at current as there are MANY more diving IPOs which I liked too. 

This is not a buy or sell call ... just purely my blah-blah .. do your own due diligence ... check before you INVEST. If trade short term with cutloss in place, ok la.

next to write : Edelteq.

TEH

New IPOs : SELLDOWN

 morning ... 9.20 am ... selldown in some new IPOs ...and going lower!

Lets check a few ... without cutloss, many would stuck inside for a very very long period of time or ... for many, stuck forever = long term investors?

TTVHB : closed at 70cents yesterday !!

ECA

Edelteq 

Day3 

DCHCare

Sunview

will update later. 

TEH

Crashed : Astro

 6.30 pm  ... done gardening. Tired ... so, continue to check charts ... new low?

ASTRO : hit new low 39cents. 

Why Astro is 'sentimental' to me? Because it was the FIRST stock I bought in Dec 2007, Christmas time ... around RM4 and ... sold for RM4.20 after a good rally. I was TOTALLY naive, new to markets. haha. 

Yeah ...that was beginner's luck ... then 2008 crushed me, that is another story for another day. 

Astro was taken private!! 

Astro : re-listed to suck more money(from markets)  in for the company and many related investors ... but many at the moment holding to huge paperloss ... should one cutloss ... as Astro-biz no longer relevant? 

Well ... this is not a sell or buy call, just stating that ASTRO was my first stock ... and will always be remembered. I hv no intention to buy a sunset-biz with no lights out.

Remember, biz cycle ... things changed, we have to change accordingly to survive. 

Yeah ... it is sad to see ... something dear to us ... disappearing.

TEH

Chart of the day : Malakof (code : 5264)

 7 pm ... awaiting for Liverpool's game while checking on some latest QRs ... Malakoff, losses AGAIN ... I remember there was a Malay-member sharing with me (we met up at Main Place, dinner on him) why he invested his funds (kinda fund manager la) into Malakoff. 

Well ... that was during the listing time ... some years back when it was around 90cents ... didn't hear from him since then. Hmm ... wonder if he is still carrying her ... 

Malakoff : good rebound this month = hit resistance = sell. We shall see if next week there would be another selldown. 

If anyone is to trade Malakoff (avoid la ...aiyo ... ), then wait around 55 support. limited upside with NO good reasons to buy in, anyway.

Here ... to show current situation ... huge debt and losing money. AVOID la. 

ok, enough warning ... mana tau, next year surge back to RM1 , right? 

TEH

Chart of the day : POS (code : 4634)

 today .. sold off all the gloves and it went higher. Well ... wait for next round of buying ... let them chase. Also sold off LayHong ... to focus in my own stocks as RISK of the markets at HIGH level, everyone seeing it to rally till end year, the Santa-rally, they called it.

Well, I would used the contrarian view as always. GREED = sell ... so, I shall wait for the sharp dives in US markets ... to re-consider again ..

Checking the CRASHED-stocks : POS 

POS : Trading at 52 cents ... historical low recently hit at 49. Will u buy a losing money company, which badly managed in the sunset biz?

Investing 101 : never touch a losing company. So, it is an AVOID. What if we stuck up there? hmm ... no one can help.

I like this stamp ... ok, since I m free ...will go over to DayaBumi there ... and buy this set. I was a stamp collectors, with hundreds of FDC (First Day Cover). 

OK ... watching badminton now.

TEH

Overbought : GLOVES

 12.10 pm ... today, I said bye to Harta and Topglove ... finally sold off all. FEAR = BUY ... currently GREED in market = SELL?

So ... I will have to patiently wait again for those bearish ones coming in to buyback. Today, glad I sold off all ... Also , sold Supermax too early that day at 95cents, it is at RM1 today ... 

TeoSeng : sold toooo early , no patience ... and it shot up yesterday and today still up!!

Today TeoSeng still up ... I took LayHong yesterday ... but LayHong lagging and I have to clear her off for small profits. 

Letting go of GLOVES and CHICKEN-EGGS. 

Lets see ...what is next.

TEH

Eggs-Chicken Theme-play

 10.10 am : morning ... today is a SELL day for TEOSENG ... climax volume in buying. We only buy chicken-eggs during sales ... or cheaper prices. Example : my wife is buying eggs from Rosyam-shop as she said the eggs there are nice and cheaper. Got the idea buy during sales or cheap-shops?

today morning, TeoSeng gap up, huge volume (climax volume) ... a strong technical SELL.

https://cpteh23.blogspot.com/2023/10/chart-of-day-teoseng.html

there ... i wrote about TeoSeng in Oct ... now is Nov end ... the news on chicken-eggs ... haha. 

TeoSeng : third candle up ... sell. 

Good luck those chasing TODAY. ... why not buy during down, why chase up third day and not buy in 1`st day breakout to sell today opening? Hmm ... 

TEH

Charts of the day : YTL and YTLPower

 10.20am ... I sold YTL and YTLpower yesterday ... so, I m showing the charts.

YTL : overbought, at resistance ... reversal candle = SELL. So, I sold off as planned. Now is waiting for next entry to buy in. 

YTLpower : at new high, overbought. reversal candle. so, i sold off all after holding for a while. 

note : I took the call-warrants too , too risky for anyone to follow that. Focus the mothers.

Time to take watch badminton ...

TEH

Supermax : Overbought is SELL

 7.50pm ... sold off Supermax today. Sold off YTL and YTLPower today too. Overbought, up too much ... dont like. haha. 

Supermax : RSI reaching 80 ... reaching resistance. ok .. take profits. Sold off today. haha. please come back to 80cents again, ya. 

When do we buy again? Oversold. 

And when do we sell? Overbought!!

Sounds simple ... easier said than done. haha. 

TEH

Book : Atomic Habits by James Clear

 You are your HABITS. Creating a habits for 2024. 

Habits Guide: How to Build Good Habits and Break Bad Ones (jamesclear.com)

This month : listening to the audiobook ... start with this book for NOV23. 

TEH

Long Tail stock : G3

 10am ... Sunday morning. Done some gardening, checked some charts ... AAX, Salcon, Puncak TTVHB etc etc ... and shown the crashed stocks to the group, that abandoned by many such as Dnex ... Tawin ... etc. No touch if we dont know how to cutloss. 

From FEAR to GREED ... so, sell off all when hitting EXTREME greed and go for holiday!!

G3 : an example of loooong tail . This is not a buy call, losing money companies are very risky. not for investing. 

I will have another lessons ...to share on what looong tail looks like and how we could position ourselves to trade these. 

have nice weekend. 

TEH

Chart of the day : Nasdaq100 at new high

 Morning ... US markets have been very bullish for past 2 weeks!! Nasdaq100 hit new high last night ...cool. 

what is in the menu today? Let's check the Nasdaq100 reversal candle after hitting the new high.

Nasdaq100 : caution. I am avoiding tech stocks at the moment, many up nicely too ... saw MI up, XiaoMi up too. 

MI : continue up up ... see if going to RM2 again. 

Today's menu is to see if my YTLPower going to breakout new high!! Then add in uptrend, ride it up.

Time to go exercise ... and get myself alive again!

TEH

e-meeting : long tail trade

after dinner ... bored. So, planning a looong tail trades lesson for those interested to learn. 

time : 9.30pm

the link is below ... read about long tail. 

https://us02web.zoom.us/j/88353866953?pwd=QktTK3NOQUJqZ0FiTmFmM3c3bi9MQT09

https://cpteh23.blogspot.com/2023/10/learning-corner-long-tail-base.html

Note : using NOTION as example for tonight.

all are welcomed.

TEH

Chart of the day : XiaoMi (HKSE)

 Morning ... HAPPY DEEPAVALI to all my Indian friends who are celebrating. 

today ..I m checking few HKSE's stocks in my list ... and saw XiaoMi breakout and bottomed. Nice chart.

XiaoMi : nice ... right? BUY. and ride it up. 

A chart a day, keeping my brain awake. haha

TEH

New High : Broadcom Inc (code : AVGO)

 1.15 pm ... Happy Deepavali to all friends. If u hv open house, invite me ya. I m free whole week. 

Tmr going to visit my best-friend (indian) for Deepavali at his child-hood home ... his mom still staying there, I used to be playing chess/scrabble with him haha. Nice feel to STILL have our bestfriend, in touch.

Broadcom weekly : an update as it reached NEW HIGH. But uptrend, buy breakout and RIDE it up. 

Saturday ... two online-classes later ... nothing much, just another lazy day ... nap and zzz .

going for a read and nap now ... enjoy the long weekend. 

TEH

US markets up : keep cash

 morning ... 10am now, going to do some cleaning of room and house. Time to make prepare for 2024 ... in less than 2 months time. Well ... it is 2024 now soon!!'

DOW at resistance of 100MA ... after a sharp V shape recovery, it is going to PULLBACK sharply too ... so, exiting before next week ... selldown soon? I dont know, all I know time to sell ... 

up, sell. no up sell .... down must sell. 

JSB-wb : was in money, collected there ... sold at 48 done yesterday, today sell all 54., OVERBOUGHT with high risk in markets. 

Best trade for this week : HARTA and JSB

TEH

Stock Watch : BIMB

 9.15 pm ... after 2 hours plus of checking on stocks (charts etc), time to write a line or two. 

Harta : Sold 2.40 ... 

Careplus : Sold 0.29 ...

Wait for the all gloves in red and pullback ,,, in the mean time, check others. Found BIMB

BIMB : chart wise, look nice ... during crashed to RM1.70, I took there as it was oversold. But as traders, I sold off (too early, as usual) and then wait till now ..i think it is ripe. 

BIMB is not CIMB ya. Don't confuse so easily like those politicians or bodoh-ness in someone's head ... Nasi-Kandar also want to defend ... so, with the assumption you, as a reader here not bodoh, we don't care if it is a BANK ISLAM or BANK CHINA ... black or white cat, we don't argue on bodoh-issues ... we check with brains. 

Finance Index : as Maybank up up ...CIMB up up too. 

with that, trade at own risk.

TEH

Overbought : Harta (code : 5168)

 Morning ... sold my Harta 2.30 yesterday, the 8% rule and sold all 2.40 today. Let them chase due to PROFITS ... as if Harta will always losing money ... markets so irrational. haha.

Harta : Once good news out, overbought is a sell to me. Let them chase ... and stuck again. I would wait for pullback or go for the laggards. 

so ... thanks for the chase. Time for me to collect my car ... it stayed in the workshop overnight as I m travelling this holiday month , getting the car to be in good shape before the travelling ... raining season, hard to travel to Trengganu ..

TEH

Stock Watch : FFB (Farm Fresh : code 5306)

 6pm ... drinking the Farm Fresh's cafe-latte ... so, ok, check that fella ... I do know she crashed to nearly RM1 ... long time no check. 

FFB : after the crash ... sideway now ranging 1.15-1.28 .. so, either it breakout , stay sideway ... or going lower. 

Note : Fundamentally, it is NO WAY to go up ... !!

See? High PE, High PB ... low dividend ... new IPO but in DEBT .. arr ... definitely not for investing. but, well ...if I could see it breakout 1.30, I might consider. If I remember ... as it is NOT in my list. Many of IPOs not doing well, ok? Hold? Crazy to buy to hold these over-priced IPOs.

oh yes, now I remember I dont like FFB ...besides all the FA ratios ... they bought INSIDE SCOOP. To me, that is a no no ...

ok, good luck holding then, while I get back to my cafe-latte ... 

TEH

Updates : TeoSeng, KPJ and JSB

 Morning ... not working today but going to service my car. And working there ...later. 

TeoSeng : breaking out into new 52w high, moving ahead (egg-chicken theme play). 

Oct 25th post : https://cpteh23.blogspot.com/2023/10/chart-of-day-teoseng.html

KPJ : moving higher into 52w high yesterday ... uptrend, ride it up.

Oct 28th post : https://cpteh23.blogspot.com/2023/10/breakout-kpj.html

JSB : except for that spike to high 1.27 ... currently breakout and moving higher ... sell around 1.27?

Nov 3rd post : https://cpteh23.blogspot.com/2023/11/breaking-out-jsb.html

note : this is not a buy-sell call ... just sharing on some up-trending stocks reaching 52w high . For trend traders, buy into these to ride it up, theoretically speaking. 

got to go now ... chat later. off

TEH

Stock Watch : Gtronic (code : 7022)

 8am…morning. Didn’t watch the game, thought they could win …almost lost. Sigh. Still can’t be the title chaser if they are going to draw with such low placed Luton or such. 

Drew vs Chelsea I their first game was still acceptable, this draw vs Luton is not. 

Trying to blog using my iPad … still ok, tho I still prefer to use my desktop. Anyway, learning to use other devices and less excuses, please. 

Gtronic :  adjusted dividends, bonus issues etc … the low at 2008 crash level was 10cents, would u buy during crash and hold for 10-20 folds? That is hard as it take years and stuck with paperlosses as u won’t be able to get it at the lowest point. No way. I you bought it at 20cents, u would be 50% down during the crash-panic selling moments … we might even drown inside fear to sell our positions too. 

It crashed to RM1 recently, that is the 10folds if u didn’t sell at peak RM3 , as if u knew at that point of time that was the peak. Selling at RM3, and if it continued to go up to RM6, u would be cursing yourself for selling too early. No, no one can tell us …where to sell. 

I m going to check on Gtronic during breakout , using daily chart. And I not saying it is a buy call. It is a technical buy on breakout, do your own analysis. 

That is my focus for today. Trade at your own risk. 

Have a nice Monday …I m going thru the Monday’s blue … sigh.

TEH

Monk Mode : 3 weeks (NOV)

 it is 5.30pm now ... listened to the 'monk-mode' clips and planning to do just that. Planning is never enough ... as lack of discipline of carrying out the plans, failing me. 

Example ... I m supposed to write or blog here ..in daily basis? Kinda not possible as it is not a written plan, or there is no push/pressure on blogging!! I need to be EXCITED enough to blog ... see?

 

What we know is not what we do. haha

Ok ... let me start with these steps : 

1. Avoid 

2. Approach

3. Set rules

4. Time line

The goals : Get FIT , start READING and focus learning SKILLS

cutting time on social-media, delete any games ... and only focus on MYSELF. 

What is monk mode? (fastcompany.com) 

FITNESS : I m really really UNFIT ... so, getting myself fit and healthy AGAIN would be my main FOCUS.

READING : Needing to put aside time to READ .

SKILLS : Improve my English to blog better ... to improve in focusing on my trades  trading skills. 

There are many things in head at the moment, take it slow ... steps by steps. Let the body getting used to the new routine, new schedules and new approach towards life!!

Target : end DEC 2023 

Able to stay : FIT

Able to : READ regularly

Able to : trade well

looking forward 2024. 

TEH

Breaking Out : JSB

 10.45 am : morning ... waiting for breakout till neck long ... but still wiser to wait than anticipating breakouts. 

JSB : sustainable-berhad ... see if can sustain the uptrend ... buy breakout.

At the moment, it looks like breakout. How am I going to know by 4.30, turning into shooting star? lol.

note : this is not a buy-sell call. 

Also, I sold off the call-HSI which I bought these few days as HSI at support 17k, going for put-HSI now as it sharply rebounds to 17600 at the moment. 

time to go kai=kai at pyramid. 

TEH

Breakout : YTLPower

 it is 4am ... thinking of DOW up so much these few days, it is worrying!! anyway, I can't sleep ... so, check on my YTLPower .... powering ahead.

YTLPower : new high ... would it be back to be in KLCI? breakout is a buy on uptrend and hold till trend ends ... trend is our friend for traders. 

Trade at own risk. 

TEH