Jumbo - The Crab King

After I made a wrong analysis on Jumbo the other day and then suddenly changed my view, the buyers for Jumbo were strong today! Click below to read my wrong analysis and then turned bullish.

https://ronaldkstockmarket.blogspot.sg/2017/09/jumbo-wrong-analysis.html

From morning, the stock gap up and there after, it started to run till it hit the 0.59 range. More importantly, it was running in the Top 30 Volume for the very first time after so long. The buyers were strong and sellers were greatly reduced as compared to the other day. I call Jumbo the Crab King because it's the only company which sellers crab and the stock price rose gradually. Congrats to all who went long on my bullish views. :)

Ronald K - A Game Changer

A Staycation - Beautiful Architecture Design

It was a well planned staycation and a short holiday trip to one of the more beautiful architecture designed villas so as to appreciate all the hard work and effort I put into my work, business and trading so far. For the past 9 months, I have accomplished all the KPI, goals and target that I have set for myself during the start of this year. It was supposed to be a relaxed and rejuvenated trip but it turned out to be a working trip instead with phone calls and Whatsapp kept coming in. Did not really enjoyed myself but well, looking at nature surroundings, I gained new perspective and learnt how to take things slower with nature.

It's really amazing how goal setting is such an important task to set. From 2012 when I first started teaching, I have since set many goals and KPIs where I have consistently met my target and sometimes exceeded and excelled in certain areas. I am almost into year 6 of my business and it's still flourishing day to day with this year's profits hitting new high from previous years. It's only September and I am now selling the January 27-28, 2018 course because all the other months from now were fully sold out. I realized that to achieve great things, one has to trust his foresight abilities, have a sharp laser focus on his mission, dispel all negative thoughts and factors, inherit and cultivate good working habits then start marching slowly and executing all plans gradually. There will be many obstacles and hurdles but trust the process and your belief where eventually, every stumbling block is a step closer to your goals and success.

For the next 3 months before year 2017 end, although I have achieved what I want for 2017 personally and from the company's perspective, I would excel and supersede even more bountiful returns so as not to waste time. I have met many wonderful people this year and thanks all for giving me a hand to reach new heights. You know who you are and thank you so much. Looking forward to more profits and rewards before year end. Let's do this together.

Ronald K - A Game Changer

Jumbo - A Wrong Analysis

Made a wrong analysis on Jumbo earlier on my earlier blog post and hence took a small hit.

http://ronaldkstockmarket.blogspot.sg/2017/09/jumbo-dinner-on-ronald-k.html

The stock suddenly had some invincible buyers and I turned bullish instead where I gave an alert to watch out this counter in my private forum. The buyers seemed to come back and support the price. In the short term, I am bullish on this counter.

Ronald K - A Game Changer

Jumbo - Dinner on Ronald K

After my talk last evening where I shared some current market outlook and the strategies to trade this current market, I went home, got changed and then get ready to meet some clients at the Jumbo Seafood Restaurant.

http://stockmarketmindgames.blogspot.sg/2017/09/follow-ronald-k-trades-session-by.html

Jumbo is a stock I traded very frequently back then and I decided to try their food again after so many months of ups/downs in the stock. I wanted to see if the standard of their food was still the same as before and after IPO while their business expanded overseas. I must say that they were as good as before and their service was pretty good too. My clients enjoyed it as we ordered their famous chili crab and some other tasty seafood while dinner was on me. I sponsored my clients dinner as when they are happy and enjoyed it, I know I did a good job of recommendation.

However looking at the stock prices, Jumbo had been selling down all the way and the last time round when I shorted this counter at 0.605, the stock just kept tanking without much buying support from any BBs. It even went below Ron Sim's buy price which got me thinking what happened to the company in a whole?

http://stockmarketmindgames.blogspot.sg/2017/08/jumbo-below-ron-sims-price.html

Upon studying the chart carefully, it seemed as though it might be tanking lower with more bad news in the making. The last time round when the stock tanked, their profits was down by 1.1% and I am not too sure what's the next big hit in the coming weeks/months but I do know one thing, the chart is not beautiful for another bull run.

I am bearish on this counter for now and don't be surprise to see lower prices in coming weeks. If it continues to tank lower, I might accumulate the stock big time for the next wave up. But with that being said, the timing to buy is important so as not to get trapped at high prices and reactions. Let's see.

Ronald K - A Game Changer