MM2, Unusual Group - A Day with Ronald K

It was a busy day for me today as I conducted LIVE Trading earlier in the morning @ 9am first before I dismissed the class and work on my other matters. The market was vibrant in the morning but I decided that it's more for taking profits than go long. For those who went long yesterday on the banks based on my outlook, today is a good day to protect capital and lock in profits. For the whole market the market was unusually quiet without much stocks moving except the banks. Hence, I decided to dismiss the class and work on scanning some potential counters.

After I ended everything, I had a chat with 2 students and we decided to go for a quick coffee and discuss about what stocks to buy next since it's a bullish day. To be successful, one must work under high pressure and that's where I got one student to scan stocks and give me a stock that would at least have a chance of running. After several minutes of scanning, he gave me MM2 and I approved his stock picking skills. The MM2 chart has all the bullish setup I need and hence I decided to give my mirror team to trade this stock. Most of them got in at 0.465-0.47 and as of now it's 0.48. The chart has a nice collection setup and to add on spices, DBS gave a report on the target price of $0.75 which is a surplus for this counter. We decided to trade this counter and is now in the $$.

The next thing I checked was Unusual Group which is a sister company for MM2 and it's up 10% today which also gave a boost to MM2 price run today. All in all, it's a good day especially after LIVE Trading as the coffee session turned out to be a $$ making session. Here, I thank Jasper for sharing and picking out this stock for me. The day ended when I see everyone in the mirror team is in the $. Congrats all!

Ronald K - A Game Changer

MM2 Asia - Hitting First Target

MM2 Asia is slowly drifting towards my projected target price of 0.46-0.47 as posted on this blog last evening!

http://ronaldkstockmarket.blogspot.sg/2017/08/mm2-asia-short-term-sellers.html

The stock, together with the overall bearish market condition is causing everything to slowly sell down. I am pleased that I was able to make this forward prediction last evening before we saw what happened today. Timing is an important skill in trading and investments. As of now, MM2 has met my first projected target at 0.46! Will it continue to reach towards 0.43?



Update 11/8/2017, 11.20am

MM2 rebounded from my target price of 0.46 to now 0.475. The 0.46 was indeed a temporary stoppage zone for the buyers to support prices first. Watching the next point.

Ronald K - A Game Changer

MM2 Asia - Short Term Sellers

MM2 had a successful breakout after dipping to my targeted price of 0.40-0.42. The stock then rebounded quite heavily, reaching to a high of 0.49 today.

http://stockmarketmindgames.blogspot.sg/2017/08/mm2-lapsed-deal-in-gv.html

However, because there were many retailers chasing, the BBs used the rising price to look in some short term profits. In the near term, I am expecting MM2 to reach a price of 0.47-0.46 and then slow drift towards the 0.44-0.43 for some contra squeeze before another breakout. The stock seemed bullish and the scripts are in the hands of the BBs.



Ronald K - A Game Changer

Top 1 Sign That Tells You That Blue Chip is Dying Off

It was a fruitful session last week, as I conducted a 1-1 session with a passionate lady. I used Ezion as a classic example to show her why the stock was bearish since the beginning of this year when it was trading at 0.50+. Today the stock just tumbled to a low of 0.295, without any form of major support. A once glory blue chip at the peak 1.53+ to now a penny stock, it tells me that nothing is safe in the stock market and nothing will always rise forever. Life is the same, there are ups and there are downs. The most important thing to remember is during your peak period, capitalize on it as much as possible and when you feel that you have reached your pinnacle, step down and let the younger generation take over.

A lot of people know me as a stock trader but I bet none knew that I used to be a pauper too. Over the years, I have learnt a lot of real life examples from the stock market. The market is like my teacher and whenever I hit some roadblocks, it will teach me a lesson about life and trading. For example, most students when they have a question about trading/stocks, they would seek for my opinion and I would normally help them out. However in my situation, when I have doubts or questions about certain stocks, I have nobody to ask but the teacher itself. When I trade and lost money, I know my answer from the market, but when I made $ from it, I know my doubt was correct, that's how I learnt over the years, self independence, self reliance.

From there, I also learnt that stocks will always have glory moments and then there will be a shift of paradigm where the stock suffered some profit taking first followed by more heavy sell down. Nothing is indispensable like what most people thought the blue chips were all mighty. I learnt and understand that to succeed in life be it trading or other business, one has to adapt to changes because the world is changing very fast with a very fast pace. If you cannot move with changes, you will be obsolete in no matter of time. In the stock market perspective, what was once considered a heavy weight will soon one day be taken over by other growth stocks. In the next millennium, it's won't be the blue chips that will dominate anymore but rather small fundamentally good stocks that will have rooms to growth. Compared Keppel Corp, CityDev, Yangzijiang etc to the now Acromec, MM2 and Jumbo, you will see for yourself who is rising and who is declining.

Luckily for me, I am not a stubborn person in the stock market and I embrace adaptation and changes. That's my secret to success and more importantly, I found a way to look out for stocks that can germinate and then grow. To me blue chips is for trading purposes and not for buy and hold type. I would rather park my funds into good growth stocks but the problem is growth stocks sometimes need to be patient on waiting. I had found one growth stocks and will be hoping onto the bandwagon soon, how about you?

Ronald K - A Game Changer

Capitaland Vs MM2 Asia - Blue Chip Vs Growth Stock

If I need to play property stocks, at this juncture, I would avoid Capitaland at all cost. There are many other nicer property stocks as opposed to Capitaland's chart. At the red line drawn, there was a level of huge resistance and sellers looking to cash out and cut loss if Capitaland ever hits that zone. From reading the chart, it also reveals that the time to long Capitaland is not here yet and there maybe more down side starting tomorrow.

Of course, that's the stock and it has nothing to do with the physical properties develop by Capitaland. Capitaland is still one of the premier and most recognizable developer in Singapore and has a good reputation of quality homes. In recent years, the stock has plummet from a high of $6.11 at 2007 to now after near 9 years later, the stock is at 2.94 as of yesterday and it did not recover. The stock looks like more weakness to come and the growth for this counter could be stale without much upside in the long term. The old adage says that when there is a crisis, look to buy blue chips at cheap price and keep. Ronald K says that when there is a crisis, look for developing stocks to long and which has much more potential than blue chips.

Look at MM2 Asia, the company was listed in SGX and went IPO on Dec 2014 and within a 9-12 months period, the stock had moved from $0.18 to a high of $0.8+ before the stock went for a stock split for 2 for 1 share. This is the power of growth stock and this is the returns I am looking for. MM2 Asia was a growth stock as compared to a blue chip but it's slowly climbing to be a mid cap soon? The difference is Capitaland is like a developed country while MM2 is a developing country, so if you want to make $, go to the developing country because the opportunities in the developed country is stale. My mission is to uncover more growth stocks and add into my arsenal so that when the time comes, I am ready to whack, buy, hold and keep. Anyone interested?

Ronald K - A Game Changer