Today GOcean(0074) suddenly jumped to 14 cents and became top 10 counters.
Can we actually catch it? We want to catch it, we need to buy yesterday and if we wanted to buy yesterday, we need to decide on Dec 28, 2010.
I saw a gravestone doji on Dec 28, 2010. Yes, if I have seen that signal, I could have entered the market and bought GOcean.
If I don't have insider information, I probably will miss it because this is a mesdaq counter and it is losing money for the past two years. I am trying to examine on the system I used so that I could improve and could catch it in the future. If I don't want to look at fundamental, just technical, my Meta stock explorer should have picked up this counter on Dec 28, 2010 so that I could buy on Dec 29 and could get out today.
On hindsight, it is easy to say, but we need to use the hindsight to improve out foresight.
If I were to buy GOcean at 0.075 for 100,000 on Dec 29, 2010 and sold it today at the height of the market this morning at 0.14, I could have made RM 6341.55.
Ace-market counters seemed to be quite popular. Today's top 20, we have Tejari(0140), Ipower(0069), Mobif(0042), BCttech(0130), Tecfast(0084) , Iris(0010),Asiaep(0039),Keywest(0095).
Tejari has already performed on Dec 27, 2010. BCttech moved up yesterday.
Keywest has moved up very fast this morning. Other counters are not performing. These counters are very speculative. You catch it, you are lucky. You need to trade, meaning you need to buy and sell.
You need to have a system to trade or at least you base on chart unless you are a insider. But insider trading is prohibited. Be very careful.
I am happy if I could buy today and sell tomorrow. Or buy today and sell within contra period. Or buy today and sell within 10 days. If I have to hold too long, it will mean that my judgement is wrong. If we want to trade short-term, we cannot hold a stock for too long otherwise we will be carrying a lot of stocks in our hand and we might not remember what we have.
I am still watching Uchitec(7100). It seems to take time but it is quite firm in term of price and fundamental. At 12:05, it is priced at 1.30.
Ytle(0009) is still in the consolidating stage. At 12:05, it is priced at 1.28.
Hiaptek(5072) is still in the accumulating stage. At 12:05, it is priced at 1.16.
Just monitoring, if the stocks that I am watching did not move, it would mean that my perception of the market is not in line with the general market. It means that I am wrong in the short-term. Sometime it might mean that the operator does not want to move the counter because there are too many investors in the counter, moving it would allow the investors to make money and the operator's intention is to make money himself and not to let the investors to make money. When moving a counter, the operator's concern is whether he or she can make money, the investors can make money or not is not the operator's concern. The operator will want the investors to come in after he or she has accumulated enough stock and when he or she wanted to dispose.
Market has three stages: accumulation, run-up (uptrend) or run-down (downtrend), and distribution. You want to be in the accumulation stage so that you can enjoy the run-up. You certainly don't want to be in the distribution stage.
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