market rebounded today!!! i re-enter several positions i reduced earlier.(Noble, NOL, YZJ, Genting)...you must be viligent and alert to sudden changes in the market....which is why i will not tell u what to do....i simply can't make that decision for u....it is yours to make....this is how i learn...and this is how u learn too..don't ever wait for me to tell u what i did....it is probably too late...

have u bought silver or gold? silver went up 8%! since i mentioned it.

Voluntary Conditional Cash Offer for Sakari Resources by PTT at $1.90!!!

http://info.sgx.com/webcorannc.nsf/AnnouncementTodayByCompanyNameAndCategory/C643F75D4F58CBCF48257A660083C95F?opendocument
2nd Announcement,  Voluntary becomes Mandatory Cash offer....means they are forcing u to sell at $1.90...not negotiable. So i sold at $1.90 when trading halt was lifted....no need to wait for letter...

Congrats to those who bought it!!!

Just to recap: i first bought at 1.30,1.365 and 1.49 then got stopped loss at 1.49.
then i bought again at 1.51 and 1.46 when it rebounded from 1.41(20 dMA) last week.
So now sold at 1.90....windfall...didn't expect to exit so quickly.

Next watch Noble, Genting and YZJ.

hi,

hope nobody panic sell Genting(1.335) and Noble(1.235) on 22nd Aug....because these are the price levels the Big Buyers are buying, collecting, accumulating....Genting bounded back to 1.385!

Sakari have bounded back too.

Yangzijiang, still in collection mode....got to be patient....i waited very long for Noble to explode upwards...

Stocks seldom go up in a straight line, so long as the support levels hold, relax and watch the show...if u are new to stocks investing, i would advise u to take just a small position to test yourself....how u react when it goes up and down.

cheers,
jason.

Sakari rebounded to above 1.50....so i buy back again.

Stop loss triggered at $1.49...means sold liao..

looking at the chart (see first post), Sakari at 1.565 was near the 50 dMA and could be resisted by it.

Let's see if it can be supported by the 20 dMA at 1.38...if yes, it may rebound from there. If not, party is over...

Sakari cross $1.50 today! If it doesn't drop back below, the upside is likely around $1.58 , next resistance.....exit if it drop below $1.50 again..or if Massive selldown occurs..Else just ride the trend up....i will post chart again sometime later to illustrate when to sell if the trend continues.

Can u see that although price is near previous resistance of $1.50, there's a lot of big lots buying even at $1.49?? I think it is going to cross $1.50.

Sakari Resources

can u see that the previous peak was resisted by 20 dMA? and didn't really break thru......so it U-turn down.

Price has broken thru 20 dMA now....watch out for the $1.5 resistance though...might have some selling there.

can u also see that from june to Aug...there's substantial vol while price is low from 1.16-1.30??? This could be invisible hands (BB, Big Buyers, Stock manipulators) accumulating the stock.

Disclaimer: note that i am just sharing my analysis with u....pls make your own decision to buy/sell.....