As a skillful speculator, I learnt the hard way and the hard way is to never buy on tips or listen to anyone because the charts have all the answers! There is no need for tipsters to supply me any tips because I believe my own personal tips and judgment is the best and second to none as the timing is always perfect. No one can affect or tell me what to do and only my inner voice and thoughts can lead me the way. I am a solitude person when it comes to observing and watching BBs activities as you can see from the pic. That's why I never wanted to be a remiser or broker because there is just simply too much "noise". When your mind is at peace and calm, you inner thoughts lead you to the light.
So back in April this year, I went to search for insider trades and one company caught my attention. It was Metech Int. I discovered that there were many insider trades within a period of time and 2 of them were the executive chairman and the executive director. With that information I went on to study the chart, hoping to make some $$ out of it. In fact, I made $$ from Metech before and so I can read the Metech BBs mind and have a premonition of what's ahead.
http://stockmarketmindgames.blogspot.sg/search/label/Metech%20Int
So during May 8 - May 10, I started accumulating 10 million shares of Metech Int. It was a slow and painful process but nevertheless it's all well worth it. Then came June-July period where there was a major selling in STI and Metech was not spared. It dropped to a low of 0.016. Am I worried during that period of time? Hell NO!! Or I would have cut loss already. I mean I did my homework and I knew the chart was pointing upwards just a matter of time, why worry?
During the August period, I made a small loss in Magnus with 2000 lots, however my mind was still pretty alert and mindful about Metech. So on Sep 4th, I went to long back Metech for an additional 2000 lots at 0.021! I knew there was serious amount of hidden buying going on and the BBs would soon create a breakout in Metech that I need to hop on to the boat before it moves! After September 4th, I had a total of 12,000,000 shares worth of Metech Int. I knew the time was ready and I need to be patient about the forth coming action.
Finally the day came today where the activity was so exuberant that I knew I needed to unload everything at 0.037 at 2.08pm. Look at the min chart where I circled. After unloading at 0.037 at 2.08pm, the stock did not attempt to breakout anymore and became weak and listless. There was only 1 breakout at 2.08pm in the 2 min chart and thereafter, the stock suffered heavy reactions to close at 0.033/0.034. Once again, my own personal operation yield me an astounding 75% gain with $171,000 SGD profits before commission and charges. The point was, how did I know that was the top? How did I unload at the top when everyone else was buying?? Why did the stock reacted after Ronald K's unloading?? What did I see but you cannot grasp?
Of course, I told all my students about this Metech trade and I believe most of them made $$ together with me. After I unloaded, I informed the students in the SMMG Club to let them know I am out of my trades.
The most amazing thing that happened was after my unloading at 2.08pm, all the other penny stocks started to suffer reactions as shown in the Top 30 Volume. Did my selling in Metech triggered the selldown in the entire market? Why did UOB curb and posit Metech in the Restricted Stocks list after my selldown? Well, it all doesn't matter because in the end that $171,000 SGD was safely secured in my pocket and yes, I caught the top again with precision perfect timing when the herd was buying and Ronald K unloaded. I will always remember this trade when my unload happened at 2:08pm because this is by far the biggest trade I had ever recorded.
Here, I would like to thank all my students and the people who supported me all these years. I am so relieve and happy now for all my students who unloaded Metech at the top with me. Without you guys, there won't be Ronald K. Will there be more such trades to come? Only time will tell, but the spirit and motto will always remain, buy before the big volume and sell together with that big volume. Looking forward for the next student's session and the LIVE Analysis Session in Nov soon. I will illustrate and show the mechanism from planning, selection and execution of trades! I will post the full trade record when I received the payment details from DBS Vickers.
Ronald K - Market Psychologist - The Big Speculator
