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Posted: 05-Jul-2009 12:45 Contact richtan * Quote this Post!

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Just my sharing with all forumers, particularly to newbies.

Read today's Sunday Times,"Invest, pg 23", I quote in red:

"Watch Out for Scammers"

Point no. 3:

3. Pump and Dump scams.

These are typical conducted via an unsolicited phone call or e-mail. The scammer, who holds a stock, attempts to boost its price via false and misleading recommendations (the "pump") which are e-mailed to many people. The stock is often promoted as a "hot tip". Once there is a surge of interest from victims, the scammers sell the stock (the dump").

The victims lose their investments as the stock price falls. Such scams usually target thinly traded or small-cap stocks as they are easy to manipulate and it does not take many new buyers to push up the prices. To avoid being taken in, it is best not to rely on information you receive via an unsolicited source.

My comments:

(1) This is true not only via unsolicited phone call and e-mail but also in public forums, so be wary of wat u read and dyodd.

(2) It is also true tat scammers usually target thinly traded or small-cap stocks, but it is still okay to trade small-cap stocks if u dyodd using FA and TA. Knowing tat the stock has good fundamentals is not good enuf as u may get caught buying at a high price by the "pump" which is primed for corrections (the dump"), thus the importance of TA to know whether it had been pumped up (avoid buying and being caught) and instead wait for buying opportunities (during the correction) by studying the candlesticks and other indicators for reversal patterns.

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The future of S'pore will look bad bcos of the world crisis n will look good when the economy picks up again and can also look bad if too many newbies fall prey to deceptive ploys and BBs "pump and dump" TACTIC, read today's Straits Times which I copied and posted earlier.

So, newbies, be WARY!!

newtothis ( Date: 05-Jul-2009 16:31) Posted:

no wonder the future of singapore looks bad.

richtan ( Date: 05-Jul-2009 16:27) Posted:

Smiley Smiley Smiley No prize for guessing lah .

No need to guess, just click my name n do a search.... Smiley Smiley Smiley

Anyway, age has got nothing to do with a person's wisdom, a young person can have more wisdom than an older person and vice-versa, it is how well-read and knowledgeable tat makes a person wiser , so since u dun read TA books, u are non-the-wiser Smiley Smiley Smiley

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Smiley Smiley Smiley No prize for guessing lah .

No need to guess, just click my name n do a search.... Smiley Smiley Smiley

Anyway, age has got nothing to do with a person's wisdom, a young person can have more wisdom than an older person and vice-versa, it is how well-read and knowledgeable tat makes a person wiser , so since u dun read TA books, u are non-the-wiser Smiley Smiley Smiley

newtothis ( Date: 05-Jul-2009 16:15) Posted:

let me guess your 40+ this year lol. richard tan

richtan ( Date: 05-Jul-2009 16:10) Posted:

Fellow forumers,

Plse give me your support n not stay as passive readers by way of replying to this TA detractors n gloating.

Is there anything wrong with me using a nickname, richtan, short form for Richard Tan, I for sure dun make such posting flaunting my wealth, hahaha Smiley Smiley Smiley

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Fellow forumers,

Plse give me your support n not stay as passive readers by way of replying to this TA detractors n gloating.

Is there anything wrong with me using a nickname, richtan, short form for Richard Tan, I for sure dun make such posting flaunting my wealth, hahaha Smiley Smiley Smiley

newtothis ( Date: 05-Jul-2009 16:05) Posted:

unlike richtan :) have a nickname call rich lol

richtan ( Date: 05-Jul-2009 16:03) Posted:

Oh sure, definitely it will go up one fine day n I will buy when I spot it in the chart pattern (but again it is not infallible n I will still set my cut-loss point) but for sure will not fall prey n base on one-liners n all these BBs n any other deceptive ploys.

There is no need to flaunt one's wealth in a forum, normally those tat are rich are those tat are humble n dun flaunt n gloat around.

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Oh sure, definitely it will go up one fine day n I will buy when I spot it in the chart pattern (but again it is not infallible n I will still set my cut-loss point) but for sure will not fall prey n base on one-liners n all these BBs n any other deceptive ploys.

There is no need to flaunt one's wealth in a forum, normally those tat are rich are those tat are humble n dun flaunt n gloat around.

newtothis ( Date: 05-Jul-2009 15:54) Posted:

Actions & results speak louder than words. When I see Sports go up and i will be buying few condos again.

richtan ( Date: 05-Jul-2009 15:19) Posted:

Laugh as much as u want, as I said, wat is important is "I laugh all the way to the Bank" n not "cry all the way to the BBs Bank" tat matters

I listen n believe only to experts n TA books n not all these BBs n one-liners n unconvincing posts.

I do think outside of the box but not into your box... Smiley Smiley Smiley

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Laugh as much as u want, as I said, wat is important is "I laugh all the way to the Bank" n not "cry all the way to the BBs Bank" tat matters

I listen n believe only to experts n TA books n not all these BBs n one-liners n unconvincing posts.

I do think outside of the box but not into your box... Smiley Smiley Smiley

newtothis ( Date: 05-Jul-2009 14:34) Posted:

Refuse to think outside of box , refuse to improve and still sticking to your own rules "which is set by other people ?"

I am laughing right now with my BB friend here LOL

richtan ( Date: 05-Jul-2009 14:27) Posted:

Smiley Smiley Smiley OMG, I need not convince u, as the Contonese said "Ngow Tau ng yam sui, tim cheow ngow tau thai", literally means "If a cow refuses to drink water, u can't force its head down" Smiley Smiley Smiley

My posting is to enlighten newbies to be wary of all unsubstantiated claims.

These books are written by experts n are the "holy bible" of all true TA pratitioners since time immemorial from the very 1st day when stocks are traded n such books are avalable.

Since u dun read TA books, then Smiley Smiley Smiley plse...plse...plse dun make the claim tat u know TA n misled newbies, plse....plse...plse Smiley Smiley Smiley

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Just my sharing with all forumers, particularly to newbies.

Read today's Sunday Times,"Invest, pg 23", I quote in red:

"Watch Out for Scammers"

Point no. 3:

3. Pump and Dump scams.

These are typical conducted via an unsolicited phone call or e-mail. The scammer, who holds a stock, attempts to boost its price via false and misleading recommendations (the "pump") which are e-mailed to many people. The stock is often promoted as a "hot tip". Once there is a surge of interest from victims, the scammers sell the stock (the dump").

The victims lose their investments as the stock price falls. Such scams usually target thinly traded or small-cap stocks as they are easy to manipulate and it does not take many new buyers to push up the prices. To avoid being taken in, it is best not to rely on information you receive via an unsolicited source.

My comments:

(1) This is true not only via unsolicited phone call and e-mail but also in public forums, so be wary of wat u read and dyodd.

(2) It is also true tat scammers usually target thinly traded or small-cap stocks, but it is still okay to trade small-cap stocks if u dyodd using FA and TA. Knowing tat the stock has good fundamentals is not good enuf as u may get caught buying at a high price by the "pump" which is primed for corrections (the dump"), thus the importance of TA to know whether it had been pumped up (avoid buying and being caught) and instead wait for buying opportunities (during the correction) by studying the candlesticks and other indicators for reversal patterns.

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Just my sharing with all forumers, particularly to newbies.

Read today's Sunday Times,"Invest, pg 23", I quote in red:

"Watch Out for Scammers"

Point no. 3:

3. Pump and Dump scams.

These are typical conducted via an unsolicited phone call or e-mail. The scammer, who holds a stock, attempts to boost its price via false and misleading recommendations (the "pump") which are e-mailed to many people. The stock is often promoted as a "hot tip". Once there is a surge of interest from victims, the scammers sell the stock (the dump").

The victims lose their investments as the stock price falls. Such scams usually target thinly traded or small-cap stocks as they are easy to manipulate and it does not take many new buyers to push up the prices. To avoid being taken in, it is best not to rely on information you receive via an unsolicited source.

My comments:

(1) This is true not only via unsolicited phone call and e-mail but also in public forums, so be wary of wat u read and dyodd.

(2) It is also true tat scammers usually target thinly traded or small-cap stocks, but it is still okay to trade small-cap stocks if u dyodd using FA and TA. Knowing tat the stock has good fundamentals is not good enuf as u may get caught buying at a high price by the "pump" which is primed for corrections (the dump"), thus the importance of TA to know whether it had been pumped up (avoid buying and being caught) and instead wait for buying opportunities (during the correction) by studying the candlesticks and other indicators for reversal patterns.

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Just my sharing with all forumers, particularly to newbies.

Read today's Sunday Times,"Invest, pg 23", I quote in red:

"Watch Out for Scammers"

Point no. 3:

3. Pump and Dump scams.

These are typical conducted via an unsolicited phone call or e-mail. The scammer, who holds a stock, attempts to boost its price via false and misleading recommendations (the "pump") which are e-mailed to many people. The stock is often promoted as a "hot tip". Once there is a surge of interest from victims, the scammers sell the stock (the dump").

The victims lose their investments as the stock price falls. Such scams usually target thinly traded or small-cap stocks as they are easy to manipulate and it does not take many new buyers to push up the prices. To avoid being taken in, it is best not to rely on information you receive via an unsolicited source.

My comments:

(1) This is true not only via unsolicited phone call and e-mail but also in public forums, so be wary of wat u read and dyodd.

(2) It is also true tat scammers usually target thinly traded or small-cap stocks, but it is still okay to trade small-cap stocks if u dyodd using FA and TA. Knowing tat the stock has good fundamentals is not good enuf as u may get caught buying at a high price by the "pump" which is primed for corrections (the dump"), thus the importance of TA to know whether it had been pumped up (avoid buying and being caught) and instead wait for buying opportunities (during the correction) by studying the candlesticks and other indicators for reversal patterns.

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Copied from the other thread "The Truth n real potential of China Sport"

Posted: 05-Jul-2009 13:43 Contact richtan * Quote this Post!

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Are u sure u know TA??

This is not a doji star.

"Rules of Recognition"

(1) The 1st day is a long day (Yes)

(2) The 2nd day gaps in the direction of the previous trend (No, there is no gap)

(3) The 2nd day is a doji (yes)

(4) The shadows on the doji day should not be excessively long, especially in the bullish case. (not clear-cut as it is a low price stock, each tick being 0.005)

Also, a true TA practitioner will wait for confirmation if it is a potential "morning doji star" to avoid fakes.

newtothis ( Date: 05-Jul-2009 12:30) Posted:

I know TA from inside out. I know what extend can TA help. That's why hardcore TA will know that it is about to forming a Doji Morning Star.

It has 2 failed attempt to short down the price twice. You will see Monday or latest Tuesday on the chart the Doji Morning Star.

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Just my sharing with all forumers, particularly to newbies.

Read today's Sunday Times,"Invest, pg 23", I quote in red:

"Watch Out for Scammers"

Point no. 3:

3. Pump and Dump scams.

These are typical conducted via an unsolicited phone call or e-mail. The scammer, who holds a stock, attempts to boost its price via false and misleading recommendations (the "pump") which are e-mailed to many people. The stock is often promoted as a "hot tip". Once there is a surge of interest from victims, the scammers sell the stock (the dump").

The victims lose their investments as the stock price falls. Such scams usually target thinly traded or small-cap stocks as they are easy to manipulate and it does not take many new buyers to push up the prices. To avoid being taken in, it is best not to rely on information you receive via an unsolicited source.

My comments:

(1) This is true not only via unsolicited phone call and e-mail but also in public forums, so be wary of wat u read and dyodd.

(2) It is also true tat scammers usually target thinly traded or small-cap stocks, but it is still okay to trade small-cap stocks if u dyodd using FA and TA. Knowing tat the stock has good fundamentals is not good enuf as u may get caught buying at a high price by the "pump" which is primed for corrections (the dump"), thus the importance of TA to know whether it had been pumped up (avoid buying and being caught) and instead wait for buying opportunities (during the correction) by studying the candlesticks and other indicators for reversal patterns.

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Smiley Smiley Smiley OMG, I need not convince u, as the Contonese said "Ngow Tau ng yam sui, tim cheow ngow tau thai", literally means "If a cow refuses to drink water, u can't force its head down" Smiley Smiley Smiley

My posting is to enlighten newbies to be wary of all unsubstantiated claims.

These books are written by experts n are the "holy bible" of all true TA pratitioners since time immemorial from the very 1st day when stocks are traded n such books are avalable.

Since u dun read TA books, then Smiley Smiley Smiley plse...plse...plse dun make the claim tat u know TA n misled newbies, plse....plse...plse Smiley Smiley Smiley

newtothis ( Date: 05-Jul-2009 14:12) Posted:

Books is written by people :) People make mistakes and it is not a guarantee that the game stay forever. Life changes, things evolved, and rules changed. I am

not going to read it and treat it like a bible. Nope not me, I make my own rules and I create my own system and I know BB is supporting Sports :)

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Again, another vague one-liner. Smiley Smiley Smiley

Plse give a more satisfactory reply, admit tat u failed to recognise the "Rules of Recognition".

I recommend tat u read this book "Candlestick Charting Explained - Timeless Techniques for Trading Stocks and Futures" by Gregory L. Morris, u can find it in the National Library of Singapore

newtothis ( Date: 05-Jul-2009 14:00) Posted:

Zhou Yu will lose another time

richtan ( Date: 05-Jul-2009 13:55) Posted:

Whether it rise or not on Mon is not the issue as TA is not infallible.

The fact is I doubt u know TA as u failed to recognise the "Rules of Recognition" n as I said,

true TA practitioners will wait for confirmation even if it is a potettial morning doji star as it could be a fake.

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Whether it rise or not on Mon is not the issue as TA is not infallible.

The fact is I doubt u know TA as u failed to recognise the "Rules of Recognition" n as I said,

true TA practitioners will wait for confirmation even if it is a potettial morning doji star as it could be a fake.

newtothis ( Date: 05-Jul-2009 13:51) Posted:

Well, you see on monday it will rise or not lor.

richtan ( Date: 05-Jul-2009 13:43) Posted:

Are u sure u know TA??

This is not a doji star.

"Rules of Recognition"

(1) The 1st day is a long day (Yes)

(2) The 2nd day gaps in the direction of the previous trend (No, there is no gap)

(3) The 2nd day is a doji (yes)

(4) The shadows on the doji day should not be excessively long, especially in the bullish case. (not clear-cut as it is a low price stock, each tick being 0.005)

Also, a true TA practitioner will wait for confirmation if it is a potential "morning doji star" to avoid fakes.

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Are u sure u know TA??

This is not a doji star.

"Rules of Recognition"

(1) The 1st day is a long day (Yes)

(2) The 2nd day gaps in the direction of the previous trend (No, there is no gap)

(3) The 2nd day is a doji (yes)

(4) The shadows on the doji day should not be excessively long, especially in the bullish case. (not clear-cut as it is a low price stock, each tick being 0.005)

Also, a true TA practitioner will wait for confirmation if it is a potential "morning doji star" to avoid fakes.

newtothis ( Date: 05-Jul-2009 12:30) Posted:

I know TA from inside out. I know what extend can TA help. That's why hardcore TA will know that it is about to forming a Doji Morning Star.

It has 2 failed attempt to short down the price twice. You will see Monday or latest Tuesday on the chart the Doji Morning Star.

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Oh yah, basically, I will avoid at all cost, those speculative stocks without good FA even if their TA looks good.

richtan ( Date: 05-Jul-2009 13:18) Posted:

Hi Bintang,

Knowing tat a stock has got good FA is not good enuf, timing entry using TA n seting stop-loss is important.

Bintang ( Date: 05-Jul-2009 13:11) Posted:

Take it easy richtan , nothing big deal . I took their advice n improve myself . I m still wondering why Kepland with strong FA could collapse from $9 to 98.5 cents , and GEM TV with very weak FA could go from half cent to 14.5 cents , I think richtan can give the answer . Thanks .

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Hi Bintang,

Knowing tat a stock has got good FA is not good enuf, timing entry using TA n seting stop-loss is important.

Bintang ( Date: 05-Jul-2009 13:11) Posted:

Take it easy richtan , nothing big deal . I took their advice n improve myself . I m still wondering why Kepland with strong FA could collapse from $9 to 98.5 cents , and GEM TV with very weak FA could go from half cent to 14.5 cents , I think richtan can give the answer . Thanks .

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Yes, there is no denying tat CSI and Hongxin both have good fundamentals but timing wise on TA, not wise to enter CSI now, maybe later, but again, TA is not infallible, so dyodd.

newtothis ( Date: 05-Jul-2009 12:51) Posted:

If you guys referred to below data.

You can see china sports 4X less share than China Hongx and its share price is 0.14. China Sports should be at least $0.30-$0.56 given its earning and the small amount of shares.

However people tends to think and see things on the shallow side of the story. They blindly look follow whats on the FR and didnt analyzed properly. As long as the figures look huge and stay positive they are good.

Does it really look that good ? Ask yourself this question China Hongx made like 20 millions shoes a year where china sports made 5 million shoes and both have very similar profit. It is dangerous here if you look carefully.

China Sports will definitely increase their market share as they are gaining popularity in China. If you are smart you will invest on those people that can made profit for you even in bad times. To me why should i invest in china hongx when it cannot justified its huge investment and further more without any RETURNS "no dividends". Ask yourself What did China Hongx has given back to the shareholders so far and What did China Sports given back to shareholders so far?

Go do your home work and you will understand why China Sports better than China Hongx

Prepare for China Sports to Shoot up :) Cheers

CHINA SPORTS

Total Shares for China Sport: 673,700,000

Current Price: $0.140

profit for Q1: RMB $49,644,000

Dividend = Yes

Ads Campaign = 飛輪海 - so bloody popular.

Export Market = Yes (europe, south america.. etc)

OEM = Fila, Puma, many more (Allow them to exports thier made shoes to these markets too)

Manufacture - 5 millions shoes Per Year (Compare the earnings of both company)

------------------------------------------------------------------------------------

CHINA HONGX

Total Shares for China Hongx: 2,751,960,000

profit for Q1: RMB $56,036,000

Current Price:0.170

Dividend = No

Ads Campaign = North Korea Team - condemn by international.

OEM = No

Export = limited to asia.

Manufacture - 20 Million Shoes a year. (Compare the earnings of both company)

------------------------------------------------------------------------------------

The truth is following TA you are always at least one step behind the BB. Because you always waiting for the confirm entry point. BB is happy that your a late comer :)

Anyway congrats for those who Vest China Sports <HUAT ah> See the Sports climbing to $0.24-0.35 for Q3 from my latest info.

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Aiyoh, wat happens to me, keep typo errors, should be "fervently hope" , wished there is an editing feature.

richtan ( Date: 05-Jul-2009 13:07) Posted:

Hi Bintang,

Wow!!!! many thanks for your such detailed analysis anfd sharing.

I feel very sad to see Cheong Wee leaving n do fervently hold u hold strong and stay in this forum despite one or two TA detractors for the betterment and good of all other forumers tat appreciate your sharing.

On my part, I will try my best to stay for as long as I can n not bow out just to one or 2 TA detractors but I may leave one day if there are too many TA detractors and misleading forumers appearing in this forum.

Bintang ( Date: 05-Jul-2009 12:37) Posted:

Hi all , since some one ask me to study more TA , I had done so and found these :

Indicators:

Accumulation / Distributon : FAILED

Aroon : FAILED

CCI : FAILED

Chaikin Oscillator :FAILED

Chaikin Money Flow : FAILED

Demand Index : FAILED

ADX weekly : FAILED

MACD : FAILED

MESA sine wave : FAILED

Momemtum : FAILED

Parabolic SAR : FAILED

RSI : FAILED

Stochastic daily n weekly : FAILED

William % R : FAILED

Patterns :

Descending triangle ( falling out ) : PASSED

Double bottom : NOT PASSED , the volume not confirmed

H & S Pattern ; almost PASSED , forming the right shoulder .

Seeing the report card , not even a single reason to buy this counter .