Stock pick 28.12.2009

A few days to go will be the end of the year. And surely not forget to mention merry xmas and happy new year. All the past, all sadness, all losses, all poor decisions may be the past lets start a new things in next year. One year has past all our experience should increase or added one more year. So, next year will be better.

Ok stock recommendation for today will be ITMG and PGAS to buy. Bakrie 7 ehm, they took our christmas present so very cautious to play as its still downtrend, hit and run 1 or 2 level. Oil prices rising very fast at $78 will it affecting madcow i mean medc? Try to look at it first before enter. All the best Will I Am Chen.. GBU

The unpredictable of technical (stock pick 22.12.2009)

As the movie 2012 showing bad days in 21.12.2012, yesterday three years before the day confirm is a bad day or black monday. This statement surely just a joke Ok then today i saw BUMI break its support at Rp2,150 support, this would indicate downtrend in BUMI. So, today will drop according to technical, however i noticed many times when a stock break out its support it will rebound strongly in a day after that yes really downtrend in longer term. Then today BUMI will rebound strongly, this is the funny things in stock that all things are unpredictable.

Ok next recommendation for today will be Madcow, i means medc as oil goes up very fast to $74. And i saw many foreign try to accumulate medc without reason. After up then we know the reasons and the rumours will come out.

This article on stock pick generally for people who love trading rather than long term. So, it will be analysis of short term rather than long. As yesterday IHSG drop tremendeously many stocks has shown a poor technical. Today may be rebound but in week or month is not really strong.

Then the last, fundamentally BBCA has grown strong technically, BBCA with net profit of Rp 5 trillions approximately the same with BBRI. In term of balance sheet it look like the same. No of shares i saw it was close with BBRI. So, what is this means BBCA will be valued by Rp7400 similar to BBRI or BBRI valued as 4600 similar to BBCA?. So, what i think BBCA should be Rp. 7400 in medium term. Then, Happy investing in BBCA lo will be the next largest bank in Indonesia. All the best Will I Am Chen.. GBU

stocks pick 21.12.2012 eh 2009 not yet the end

stocks pick for 3 more years will be no pick just choose MAYA stock. what i think today will be medc, doid, bumi in order to play for rebound. today ihsg will affected most on regional. hope index will uptrend till next yr. all the best. happy trading Will I Am Chen. Gbu

stocks pick 21.12.2012 eh 2009 not yet the end

stocks pick for 3 more years will be no pick just choose MAYA stock. what i think today will be medc, doid, bumi in order to play for rebound. today ihsg will affected most on regional. hope index will uptrend till next yr. all the best. happy trading Will I Am Chen. Gbu

stocks pick 21.12.2012 eh 2009 not yet the end

stocks pick for 3 more years will be no pick just choose MAYA stock. what i think today will be medc, doid, bumi in order to play for rebound. today ihsg will affected most on regional. hope index will uptrend till next yr. all the best. happy trading Will I Am Chen. Gbu

stock pick 17.12.2009

Bakrie 7 may be rebound, although it rebound it is better to hit and run due to its nature on speculative rather than investment. But it is better and safer invest in fundamentally good stocks. Today IHSG will try to break 2528, 6 more point to go and the most reasonable indexes at the end of this year will be 2,600. Recommendation for today will be BBRI, ITMG (break and new high again will back to old high day at Rp35,000), CPIN, Madcow - may be, but don't forget to hit and run too. How about ELSA, it is advised to hold until dividend or invest on its due to its high dividend yield. Normally stock which has high dividend yield might indicate good opportunity for investment such as ITMG, Astra group, BBCA, BBRI, UNVR etc.. No dividend stock speculative on it. Happy trading all the best. This blog will be independent analysis, although i hold the stock but is seen as not a good buy for trade will put it as a warning. Will I Am Chen... GBU

The persistent theory of Buffet

One of the greatest and tested all the time theory of Buffet is about be afraid when everybody is optimistic. Everytime when the market recover or uptrend or so called bullish, many analysts will give a wonderful hope for tomorrow. Wonderful statement should be given, since market is good. Give different or reverse opinion people will assumed you are mad analysts. This is the caution where if stocks up or bullish the only way to go is down or bearish. When the market is crash many people will give negative perceptions. Negative opinion is the golden time to buy and be greed. Since, stocks dropped down there is no where to go unless upward. So, lets us all wait for a bad comment or analysis from many analysts in newspapers, TV, or internet. Happy trading wait for golden time of pessimism... Will I Am Chen... GBU

Stock pick 15.12.2009

What to buy ya today... It is better not bakrie de ha ... Bakrie has taken our present on christmas... What to suggest is like ANTM, CPIN, BBCA, ELSA (good prospect for investment) and ITMG. But becareful on BUMI, UNSP, CTRP for temporary ha... Happy trading ... All the best Will I Am Chen.. GBU

stock pick 14.12.2009

What else should i recommend for tomorrow. For banking still BBCA and BMRI., then for mining can try ANTM, due to its sideways buy around 2250 then sell around 2450, Rp 200 also not bad lo. SMGR and ADRO (if ADRO break Rp 1770). IHSG might continue its uptrend and will try to break 2528. . All the best this first any questions can give comment.. Will I Am Chen... GBU

Stock pick 10.12.2009

Today lets eyes some stocks such as BMRI & BBCA. . Some others stocks to consider such as BNBR, CPIN, and ADRO. . O ya another things is TLKM yesterday break on high at Rp 9450 in one year, so it may produce an uptrend of stock movement Today is friday, but it seem like our indeks will try to rebound to 2,500.. All the best happy trading Will I Am Chen... GBU

stock pick 9.12.2009

Some stock to consider to buy is CPIN (back from bird flu), ADRO, AALI, ANTM, BNBR, and look out for SOBI. BUMI, INCO see how is the market tomorrow... ALL the best Will I Am Chen.. GBUa

Corruption day

In commemorate of corruption day. I remember not big corruption but also small corruption happening surround us. . One example last sunday, I turn to wrong side and met some police. And two ask me to stop and the other chase his friend to go away. They simply ask bapak jalan ke tempat yang salah, di sana di tulis gak boleh lewat kanan. Then he ask so how? how ya ditilang lo i answered. Then he continue di tilang Rp.150,000 negotiate after negotiate become Rp 75,000. I ask di tilang but he ask for money. . But sadly he did not want to tilang me but rather I gave him that amount. So, I think big or small corruption is corruption, the money for fine should go to government or nation but rather go to his pocket (police). so this should be consideration for today... All the best.. change for nation Will I Am Chen.... GBU

today stock pick 9.12.2009

Some stock to eye for is BUMI, INCO, SMCB and keep until tomorrow at least. If today positive then tomorrow might be a good stock to bullish.. All the best .. this three first ha... GBU Will I AM Chen

Stock pick 8.12.2009

Many issues for tomorrow , so be careful on trading this few days. However, foreign take this as opportunities to enter our market, which one you choose take risks or minimize risks. Totally up to u. Some stocks to avoid means to sell is like haiyo CPIN kena flu burung lagi (semoga cepat sembuh), CTRS, BBRI, BMRI and becareful on plantation such as AALI, UNSP, and TBLA, TINS and PGAS, PTBA so generally today watchout government BUMN stocks gitu lo. MEDC no signal to up but stil ok. Recommended stock to buy INCO (if today drop to Rp. 2550 again for tomorrow dividend), ELTY, wah very few to buy, just want to add more although not so good such as TLKM (the only BUMN today) or SOBI for investment .... All the best Happy Trading.. Will I Am Chen... GBU

stock pick for 7.12.2009

today its seem like a bit more on property, so choose stocks like WIKA, ADHI, and ELTY. Additionally, some stock to eye are ADRO and DEWA. Stocks to watch out means sell are ISAT, ANTM, INCO, and CPIN (oh pls no more bird flu) ha. . Hope this will help .. Happy trading... All the best Will I Am Chen

highlight on final test element of accounting and finance 1

Dear all my students at IT&B, I will put the reminder for your final test revision questions for element of accounting and finance 1.

First of all, you have to answer 2 questions out of 3 questions in final test.
Part 1 consist of questions general journal then post to ledger (T accounts), then trial balance, profit and loss and balance sheet. This is similar to question chapter 6. You can try question 6.2 in page 66 of textbook. Remember start with general journal then end with P+L and Balance Sheet.

Part 2 consist of two questions, which is provision for doubtful debt and provision for depreciation
For doubtful debt - look at question on 25.1, 25.2 etc.. and handout page 20.
For depreciation - look at question on 26.1, 26.1, etc... and handout page 22.
Remember answer only any one of the questions in part 2.

All the best William Chen

MEDC or MadCow?

MEDC or madcow? look at chart below.. this is a real big problem on MEDC, which consolidate for so long long time and did not awake... Currently still having madcow disease as there is still downtren point. . Look at the chart below there is still another star for the second time hopefully is a medc star not madcow star like before. . Long pressure on consolidation for long time, might create a Wild Cow in the future when its goes up. Go MEDC no MADCOW... happy trading ... Will I Am... Chen... GBU

CPIN - bird flu has gone

Thanks goodness after consolidation for a week, CPIN showing a good reversal as shown in chart below. CPIN move up higher than before on its candlestick in previous week. Its also showing a swing from down to upward. MACD getting better and its stock is still on above MA 50. . . Recover from the flu CPIN fly again... Will I Am... Chen ...

Menanti Bintang Timur di tengah BUMI

As the title is about waiting for the star in the midst of the earth. Look at the chart below. Today in BUMI, we find a star with long leg at downside might indicate a good point for bullish to Rp. 3,000. After long waited at last there is one more star shinning on earth to give hope all all people who 'nyangkut' in BUMI. Prospect on BUMI and fundamental is still good, PER still cheap and technical is in good point. Bullish is on the way to Rp3,000 in near future. MA 50 will be at Rp 2,700, hope tomorrow will be on this point, then no more concern to go up in the near future. Additionally, Bakrie still the 4th richest man in Indonesia. So, lets the star shine in Dec.. Merry Christmas... Happy trading.. Will I Am... Chen... GBU

Break and rebound

Look at the chart below... Sometimes stock that break its low at short term might be reversal high in the next day. But this phenomena I noticed only for temporary since its break the down trend and will be down trending. Hit and run in a day might be a good idea as the stock will drop again in the later period. The chart below showing its drop below the straight line low point in short period, but then goes up high in tomorrow. Buy at the day its break and sell in later day might produce some profit for traders. jadi intinya ya beli pada saat break jual 1 hari kemudian .... . Hope this will help.. Happy trading... Will I Am Chen... GBU

Theory of Gravity

Everything that throw up will goes down to earth, this is called the theory of gravity. I think gravity not only happen on BUMI (I means earth ha...), but also applicable to BUMI (I means stock la...). Stock is never goes up everyday. It will goes up and down but uptrend, or it will goes down and up but downtrend. So, it need not to worry because everything goes down will go up one day with just a matter of time theory and also the trend theory that would make it reverse. Dont forget the rebound theory too. . So many theory make confuse, but without theory no foundation for making decision. . Stock is quite complicated so study never end every day... Happy study Will I AM Chen... GBU

Theory of adjustment

ASIA stock exchanges showing a great reduction on Friday, where IDX has closed for Idul Adha. However, this depreciate will affecting IDX today to show some adjustment for holiday close trading. Any increment today on ASIA will adjust in later time or tomorrow. This adjustment theory will be applicable on normal trading as well, whereby if many regional are red but IDX green for sometimes, it will be adjusted in later time where regional might up but IDX was down. IDX consist many speculators or traders than investors, so fluctuation might be greatly within any day. So becareful on trading ... Happy trading Will I Am Chen... GBU

Stock on the move

After been a while stop for trading due to health reason. I am coming back now... Stock on the move identified is still SOBI Rp. 1700 next will be Rp. !,750 which showing a good uptrend. So keep on holding for those who hold it. Next CPIN has consolidated for a while, now many traders has returned to collect this stock. CPIN still safe to hold as its did not fall below MA 50 line. Its look like break down but goes up very high today, means someone control its prices. Hope will boost up fast for tomorrow trading. . Happy trading all the best.. Will I Am Chen ... GBU

Bakrie 7 on the move

Analyzing so far indicate Bakrie on the move will move upward and uptrend more than the previous high record. BUMI, DEWA, TRUB and UNSP already reach exactly at MA 50, so heading forward Rp. 3,300 then. UNSP Rp. 1,000. next DEWA 235. TRUB 196. BNBR is currently under MA 50, so might not be so fast for temporary. However I think we can speculate and accumulate its until its MA 50 at around 117, definitely it will go there as all the rest of bakrie have arrived there.. All the best ... Happy trading... Santa Clause is coming to town.... GBU

Bakrie 7 for tomorrow

Bakrie stock which goes MA 50 will be DEWA, UNSP, TRUB, and BUMI. The closest one will be UNSP. I am confident that bakrie stock will return to its highest price within this year. Buy and keep do a bit investment for the end of the month. . Will I Am Chen... GBU

UNSP (Look at chart below)

UNSP ready to move to MA 50. Most of stock moving or breaking this area, the price will move high up. Its current MA 50 is around Rp 810. There is a doji showing reversal before. MACD is ok. So just wait for the time to cross MA 50 to make this stock fly upwards... HAppy trading Will I Am ... Chen... GBU

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BUMI strike back

BUMI stocks seem to have a strong defense from drop further. This might indicate BUMI have a strong signal for reversal in the next coming days. I saw signal MACD blue cross over the red line showing signal to go up. MA 50 also going down to around Rp. 2,825 look at graph below. Additionally, fundamentalist might say its cheap with PER cheapest among the coal company. Buy and keep until you get christmas present on earth (BUMI), where santa coming to BUMI on december. . Happy trading.. Will I Am Chen... GBU

Flying Chicken

Cpin as analyzed before. Yesterday shown an increase to Rp.2200 which break the resistance level at Rp 2100. Today break again Rp. 2,300. What is this indicate? This stock seems to move to Rp. 3,000 in the short term. Confirmation to move high after the stock has shown a strong consolidation price at level Rp. 2,000 to Rp 2,100. Breaking new level at Rp, 2,200 yesterday might show signal to Rp. 2,500 first then Rp. 3,000. Any correction might a good time to enter this stock. Additionally its fundamental is very strong with profit half of its equity around 1 T to 2 T respectively. So, go Rp. 5,000 flying chicken flying with many wings... happy trading Will I Am Chen... GBU

Bumi rebound

After four days in red color of candlesticks, at last BUMI rebound today for more than 12%. This is the idea for playing rebound, whereby I have explain before that four days down 90% a shares will rebound in the next day. After rebound, what should we expect is correction, so be careful for correction tomorrow.

The technical did not work here for BUMI today, as its was breached the bottom yesterday at Rp. 2,200 and closed below. But the result is huge increase for today rather than down trend. What can we do here is to find out the theory of technical of reversal. . happy trading Will I Am Chen... GBU

Sobi

Sobi chart shown an uptrend. This stock can be speculate because its moving toward its one year high at Rp. 1,750. Yesterday closed at Rp. 1,460 while its need to break the level of Rp. 1,480 in order to move to Rp. 1,750. The regional for today seem to support this stock to move up at least 3o point in order to break Rp. 1,480 and move to Rp. 1,750... All the best Happy trading Will I Am Chen... GBU

Medc

Medc energy is an oil producers company. The chart showing some signal on reversal in Medc. As we can see that medc medium term support is at around Rp. 2,600 (see graph below), with a resistant at around Rp 2,800 for tomorrow. Additionally I saw there is a doji star on candle stick arise from yesterday trading might indicate a signal for reversal. Downtrending for long time would change to uptrending if the doji star arises from candle stick pattern.

Fundamental of medc is still good and showing profit. So, the only problem to go up is the time. Do not wait, time has come be ready and get more profit for coming days. . Happy trading... Will I Am Chen .. GBU

How is market work?

Market is a place of buyers and sellers meet together in exchange of goods and services. The works of market is that if there is one person gain, the expense will be another people. This is similar to stock market as well, whereby many transactions took place within a second. if the market price is up then consider many will gain. How if the market is fall? cut loss? another people gain by selling faster? Hence, the market system will not let all people gain forever because there is no stock that goes up every moment. . This is true such as if i earn money, then u spend money.

The matter of stock is not about I gain and you loss but rather it is about the timing process that matter. Timing is the most valuable moment in stock trading, whereby if you late to sell will cost you more or you earn lesser. Most of the time we think about the gain, but the problem is about the time when you buy and sell that give you gain.

So, the thought of the day is about what time to buy stock? and the most appropriate answer is nobody know. But what can we do is to study the time and surely after 4 o'clock the price of stock is the same. . all the best Will I Am Chen... GBU

Funny story for understanding stock

Once upon a time, there is a richest man in universe ever born on earth. He is richer than anybody ever live on earth, as you can name it Warren buffet? Bill Gates? William Chen? are you sure, I think the last was incorrectly added by the author, some may add "ai au lo". As you know warren buffet richest more derived from stocks, and Gates more on his company microsoft? William Chen no idea hm.... since mistakenly written, so richest too among the poor.

Back to the original story, oh ya his name without proudly present is catcut (potong kucing in Bahasa Indonesia). How nonsense name can be the richest man in the universe? , but fortunately it is not about the name that matter. So, it is about the potential of any man who have opportunity to be the best. One day he visit best book store in town and saw warren buffet face on a book cover. He is wondering why his face never shown up on newspaper or any books? May be to be well known I have to do things like buffet, he thought.

A few minutes later, he opens the first page of and notices that buffet is an investor with area in stock market. The problem is what is stock? He remembered last time professional accounting lecturer taught him that stock is similar to inventory, whereby a company buy and sell an item (e.g. furniture). Additionally, he thought stock related with beginning stock? ending stock? purchases? returns inwards? returns outwards? and so on. So, he read the first chapter and see to be continued... Will I Am Chen happy learning.. GBU

Bakrie as santa clause?

Wow great bakrie stock has giving signal of stop downtrend. . the ability of to maintain from further drop will enable bakrie 7's to stop downtrend and start to go up again. For example BUMI has shown a better candle stick from previous date trading at RP2,425 as Rp. 2,475 closed today. . Will it indicate to go up. . It wise to keep if you buy at low than Rp. 2,400 any consolidation (up or down) will produce a uptrend. . Lets hope for strong maintainance in this level, and produce a strong uptrend for later. . Keep this stock till santa clause is coming to your town, I mean december ha... happy trading ... Will I Am Chen... GBU

BUMI are you ready?

Today for BUMI support is still at Rp 2,200. And it is anticipated this stock will consolidate upward till Rp. 2,550 resistant, but afterward be careful, it would safer to speculate for today unless would like to invest till December when Santa Clause is coming to town. Its MA 50 still upper the candlestick and at around Rp. 2,900 (look at below updated for BUMI chart). All the best .. keep on faith and happy trading Will I Am Chen ... GBU

Where did bakrie goes?

after downturn for many days, bakrie stocks seems like oversold area. Current trend seems like bakrie will try to prevent further drop in market. Ability to maintain in this level would enable bakrie 7 stock to make reversal trend to upward. Dont be late to enter lets hope for better market tomorrow then at least bakrie will come out from hospital and enter its palace again... all the best happy trading WIll I Am... GBU

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ITMG foreign buyers

Today I notice many foreign entering ITMG shares, but normally foreign are weak in speculating ITMG. Will tomorrow is the day for correction in ITMG again?. This is happen when foreign entering ITMG after its dividend date until around Rp 24,000 . . Will I Am Chen... GBU

FTA - Faith Technical Analysis

Remembering the following phrases "

1. Matthew 17:20
   He replied, "Because you have so little faith. I tell you the truth, if you have faith as small as a mustard seed, you can say to this mountain, 'Move from here to there' and it will move. Nothing will be impossible for you."
   Matthew 17:19-21 (in Context) Matthew 17 (Whole Chapter)

The above parable remind me sometimes, we need some faith in playing stock. How to have faith is different from optimism more than that. So, check your faith sometime it can move BUMI too ha... Sometime it need more than technical analysis, just add faith so become FTA would be better lo... happy trading Will I Am Chen... GBU

Strategic trading for rebound

Inspired by the word "badai suatu hari akan melunak". Trading strategy for stock that already drop for many days normally three days or four days consecutively, surely one day will rebound - badai pun menyerah. This is applicable to blue chip stocks if you notice three days red candle (drop), signal for rebound; four days then even more sure 90% up, with the condition if market not crash like before. Three black crow, will be one white dove the next day at least. . Now go find blue chips drop for 3 days and get 1 white dove back here... happy trading ... Will I Am Chen.. GBU

BUMI at last go green

Wow BUMI at last touch Rp. 2,200 the best point to enter (see attachment on graph below), but I enter Rp. 2,400 and 2,300. Not a best point but a good point for rebound. Technically BUMI will rebound at least, but not confirmation for uptrend yet. Confirmation will be on Rp. 2,725 very far. But BUMI will be heading to Rp. 3,000 back in the near future. BUMI and bakrie stocks were oversold, any rebound will be high up and importantly foreign have out of stock in BUMI. BUMI closed at Rp. 2,475 within black wednesday market, showing a strong bull pushing upward. So, never forget go green, plant more trees, save our earth BUMI.... happy trading Will I Am Chen... GBU

BUMI 2400

BUMI already reaching target at Rp2,400 any more correction might not be so major. However, three days correction might produce at least one day rebound. According to trend line, there is a big support on Rp 2,200. But today should speculate buy with the assumption of three days black candle. Hope will rebound a bit for tomorrow. . It is cheap already to buy than before at Rp2,700. And surely no body know the best bottom support. Will I Am Happy trading... GBU

A bit on trend analysis

Sometimes trend analysis might not showing what should happen in the stock prices , but rather showed a contrary or reverse result. This is such as example of a trend line breaches its bottom lowest prices, would indicate the price to drop for the next coming days. However, the market showed contrary, it is rebound in the next days where many shares goes up. The problem is not the trend as the trend would mean downtrend, with a bit fluctuation up and down but at the end its down (downtrend). So break lowest prices it will go down further for next coming days, but break high prices will increase the prices in the next couple days. Remember not one day. Hope this lesson will help the reader to gain insight on stock. Any comment pls give me my students or any other readers to improve trading skills. All the best WILL I AM Chen.... GBU

ITMG miss prediction

After dividend date, many foreign buy ITMG shares for speculative rather than buying before dividend date. Foreign showed a contrast point of speculating where buy after dividend and sell before dividend date. This is a poor strategy on trading whereby many times i noted foreign always loss in speculating ITMG buy higher then sell cheaper. So the enter of foreign in ITMG might not help the shares to boost up. In conclusion just trust the local players for ITMG. happy trading all the best... WILL I AM Chen

Feed the chicken, it will be more expensive

Wow CPIN arrive at RP2,025 today. It will be good point for the chicken to fly again tomorrow. Tomorrow will be predicted to go to Rp2,100. It is still showed a strong buying level. Every break higher level will showed uptrend in stock price. Pst... the chart indicator showing a similar trend with BISI last year speculative prices to Rp 5,000, it predicted this chicken will be as expensive as Rp 5,000 too, safer will be Rp 4,000 runaway point. Lets check it out tomorrow... all the best happy trading WILL I AM Chen... GBU

The strength of chiken (CPIN)

CPIN shows continuous uptrend, close at Rp1,810 and will heading to Rp2,000. This uptrend showing indicator to buy. Consideration will be on BISI, the subsidiary of CPIN which moved to R5,000 last year. Will this year be the year of CPIN Rp 5,000?. . . Rp. 2,000 happy already la... few lots in market make it easy to push upwards... happy trading Will I Am Chen... GBU

ITMG updated

ITMG will continue to move on. Today close at RP24,400 and will be heading to 25,200 which is its resistant for tomorrow.. Surely it will breach the resistant at Rp25,200 because of its high dividend sentiment. If breached then next target will be Rp 27,000. Regional might be supportive to shares and confirm will break and investors could keep on investing till dividend date at 20 or 21. Hurry in before late. Happy trading and investing. . Will I Am Chen

Right Issues

what is right issues (RI) ? it is not the right to issue newspaper. In stock, RI is the right to issue additional number of shares based on current available shares. In other words, if a company want to increase its capital, they can issue additional stocks by allowing the shareholders to exercise some right for new shares. For example right 3:5 means shareholders should hold 5 shares in order to issue 3 new shares. Holder might hold until passing certain date such as 31 may, then they must provide additional funds to exercise the new shares.

The price of new shares was decided by the company if the right issues is at Rp 1,000, and holders keep the stock until 31 may, then tomorrow they will get the right to issue new shares. The right can be traded normally within 1 week, if after the end of trading price the right is only value at Rp 200 then shareholders should add additional Rp800 for one share.

In stock market, company which hold the RI corporate action, will boost the current shares price before the RI, and after the RI the stock value will drop as the shares becomes more. Suggestion is buy 1 week before RI and sell at the 1 day before RI. Happy trading ... Will I AM Chen...

BUMI

Bumi stock currently might be at risk with many foreign target its price to drop till Rp1,100. But this stock might not be so cheap, suggestion for accumulation might be at Rp2,400 before its go up again. Foreign will keep on sold so be careful if its breaches Rp. 2700. Rp 2,400 quite cheap already lo rather than late to buy if its fly... Happy trading William Chen

ITMG hold for dividend

ITMG will be a good investments for temporary until its cum dividend date at 21 Oct for RP680. Suggested accumulation is at around 23500-23800 and keep till 21 Oct. Normally foreign will accumulate stock giving distribution or diligent in sharing profit as dividend. This stock currently play within the range 23500 - 25000 with sideways trend. Accumulation at bottom at 23500 might be a good idea... happy investing, trading, and speculating ... William Chen

Introduction to Stock

Company in Indonesia divided into closed (perusahaan tertutup) and open company (perusahaan terbuka). Perusahaan tertutup or limited company would have its name PT in front of the company name, while perushaan terbuka or public limited company should start its name with PT and ended with tbk (terbuka). Limited companies always perceive smaller than public, hence if they require bigger funds, it possible to convert the company into public company. Being public company, a company must sell it shares to public or anybody. There are some advantages and disadvantage becoming public company. Some advantages are easy to raise capital. Public can sell its share of ownership to anybody in term of Initial Public Offering (IPO) through Indonesia Stock Exchange (IDX). The proceeds of cash receive would enable the company for acquisition, settlement of debts and research and development. However, the disadvantage is the company expose to take over. Takeover through purchasing by another company will make a company lose control or no control over their company, its true if another acquires 51% of a company.

Nowadays investing in stock is widespread among community in Indonesia. Investing in stock has been made easy by the availability of stockbrokers firm or investing company. The company is acts as an agent who is the intermediaries between sellers and buyers. Briefly, stock is “the portion of ownership of a corporation” (Moffatt M, 2008). Meaning if a person holds a stock, he/she will be a part of the owner of the company.

All stocks in Indonesia were traded in Indonesia Stock Exchange (IDX). Shares listed on IDX will have their own unique name in four capital letters such as BUMI, BBCA, and so on. The process is that investors bought stock through investing companies which they do transactions in IDX. Currently there are more than a hundred numbers of companies listed in IDX. Purchasing number of stocks should be in lot, which 1 lot is 500 numbers of shares. Shares movement is by second and prices might change in second with usually mention in highest price, lowest price or unchanged. Closing price will be opening price for following day. Movement of stock within the range set by regulator in IDX usually is 30% above or below limit.

Stocks can be categorized into different sectors of company activities and also category based on IDX category. Category by sectors could be companies activities in mining such as BUMI, ANTM and so forth; plantation such as AALI, UNSP

Trading stock requires skills and understanding the movement of stocks because the important thing is to know when to buy or sell. One of the way or tool useful for trading stock is called stochastic oscillators. It was used in technical analysis which indicates the closing prices should close at the same as current trends (Murphy C & Langager C., 2008). The chart was drawn within the line of 0 to 100. It also divided into two lines; upper line which describes the stock was in overvalued trading. It plotted straight line at 80 point, and if a stock line touched or crossed over the 80 mean there is a signal to sell or the stock is overbought. Another line represented at 20 point straight line. This point indicate the stock price is undervalued or oversold when it touched the line 20 or below.

Within this research, the use of stochastic will help to analyze all stock that listed in Indonesia. The application of this chart will determine whether this tool is a good indicator for analysis of stock in Indonesia. If the result show many of Indonesian shares could apply this method would indicate this tool should be considered for investors.