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2008-11-27

KNM - No positive bounds up after good 3Q result




































KNM share price did not bound up with positive news on the 3Q profit report and form a Doji sign on 26 Nov 2008. KNM share price had controlled at between RM 0.54 and RM 0.55.

A long the day they are big big saler on RM 0.55 and big big buyer at RM 0.54. Base on the chart it was hard to said KNM price will up or down.

However if you had buy in at RM 0.55, if price go down to RM 0.45 you may buy again or if it short up again sale on RM 0.70. KNM is a profit making company so for it to drop lower is unlikely I think.

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My investment with RM5,000 initial capital have been growing since 2005.I found the stock market appears confusing and complicated, but it is most definitely based on logic "supply and demand". However, the laws of supply and demand as observed in the markets do not behave as one would expect. To be an effective trader, there is a great need to understand how supply and demand can be interpreted under different market conditions and how to take advantage of this Off Market Transactions in KLSE.

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