ANCOM, on which I made 3 rounds of profit in 2014,2015 and 2016, looks set to head for a minimum 50c target

Round 1 - Bought @ 39c in early 2012, sold from 41-65.5c in early 2014

Round 2 - Bought @ 43c in late 2014, sold at above 49c in early 2015

Round 3 - Bought @ just over 40c in mid-2015, sold in early 2016 at just over 44c

My guess is that this round will be due to a solid rise in shares of 45% owned listed associate Nylex Bhd.

Every 1c increase in Nylex's share price should theoretically translate to a 0.4c increase in Ancom's price because of its stake in the former.

If Nylex's price breaks through the 74c resistance that has held in the past 2 years, Ancom's price has a good chance of re-testing the 50c level it last visited in early 2015.

Predictions for week of 17-21 Oct 2016

• Axiata will rebound at least 20 sen from an oversold condition, holding the M$5 support eventually.

Postmortem : WRONG

• The Dow will be tested this Monday, 2 days short of the 19th Anniversary of Black Monday, with a 43% : 57% chance of a sharp selldown with no recovery versus an initial sharp selldown followed by an equally sharp recovery to a clear gain respectively.

Postmortem : WRONG

• Most Asian markets will drop significantly within the next 2 days before recovering

Postmortem : WRONG

• The US$ will continue to rise, perhaps to as high as 99.90 on the USD Index

Postmortem : RIGHT

• Crude oil will trade sideways to higher this week

Postmortem : WRONG

• The SGX penny stock rally will, by and large, continue with a minority of laggards posting impressive gains

Postmortem : RIGHT & WRONG

• The Nikkei will be the strongest among the major Asian indices

Postmortem : RIGHT

• The agri complex will generally correct last week's gains

Postmortem : RIGHT

• Singapore-listed Hyflux will successfully defend its 46.5c support with a 63% probability

Postmortem : RIGHT

• Gold will rebound strongly this week

Postmortem : RIGHT

Probability of being profitable = 55%

Rubberex has a better than 55% probability of rising to a 89c target