ShareJunction - Member Posts

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I guess with so many people responding to my post (thks so much!), I owe u guys some explanation. Thks all for the advice on not playing stocks like ipunter and wishbone. I've been doing this for a few years and am doing alright. My initial question sounded pretty basic probably because I'm pretty baffled with this stock. I agree for anyone who doesn't have money to burn, don't have the knowledge and don't have the time to 'not play stocks' as u say. Anyone 'newbies' do head the advice of Ipunter and wishbone, they probably know what they're talking about. Especially if you're using what you're earning to 'make a quick buck' or the money you're putting in, someone or something depends on it. It doesn't happen that way. I guess I'm pretty fortunate not to be in any of the categories above. Like I said, I just play coz I can with no worries. Any skin burnt is lesson learnt.

Wishbone actually it's pretty tough to decide, industries, companies and countries. Its unlike me to consult a forum but hey, there's a first for everything I guess and being able to hear from different people puts a different spin on things. My portfolio currently is pretty ok with seeing overall average 10-15% upside (except for this bugger...haha), I only have to decide on this one here on where I would like to redistribute it. Am currently analyzing othere stocks and feel when the time comes, I'll dump and shift. Thks again all..

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Your question whether to sell or hold is not difficult to decide.

Now you have to do your homework and plan well before you jump into the sea that promises you with good fishes but not forgetting that there as many sharks too that can kill you.

Look at other stocks and their potential then compare it with Ying Li's (this is where you have to do your homework). If you think the former can yield a good profit within your expected time frame then why keep your money in Ying Li.

But I am sure there are many good potential stocks to buy and no need to hang on to something that you are not sure (or most likely brings you nowhere or even drags you down further in the short to middle term.

YOU DECIDE.
(You cannot discover new oceans unless you have the courage to lose sight of the shore)

This is the lesson that you must learn from this trade.

My advice: Do not play with stocks

1. If you have no time to check and do your homework
2. You do not have a plan (MUST have an exit plan even before you enter a trade)
3. Do not buy stocks in a rush and have no time to monitor
4. By just listening and acting on some recommendations.
5.......................
6.......................
7....................... etc.

At the end of it, you may find that it may not be worthwhile playing with Stocks as iPunter has been continuously advocating every now and then: Do not play with Stocks.

Of course there are some silver lining, but this will take years and many many bad mistakes before you are experience enough to beat the odds and MIGHT have the chance (no guarantee) to grab some.

Good Luck

Smiley

srntyb ( Date: 11-Jun-2010 08:35) Posted:

I also believe YL can go 25c. Trading or investing, I still have to make a decision on whether this stock will make me more money than others, or lose more money than others. I guess its all relative.

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I think what Asia lacks is positive thinking and optimism. Everyone seems to sound so negative in Asia..... incredible. Another thing I observe is, everyone likes to follow what others think. When one says 25 cents, another gets influenced and says 15 cents, 10 cents...... don't listen to what others say or think. Have your own judgement and do your own homework. Things that are easy to get are not valuable and listening to others are easy to do, but it doesn't help you much, everyone can do that.

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I also believe YL can go 25c. Trading or investing, I still have to make a decision on whether this stock will make me more money than others, or lose more money than others. I guess its all relative.

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As the price (of any stock) drops lower and lower,

Especially those below .20 , any further slight drop becomes a bigger fraction of your investment outlay.

This is due to the effect of 'percentage leverage'... Smiley

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Lower can always get lower, so 10 cents also possible. haha... depends on whether u r trading or investing; ur investment horizon. to sell or not to sell, the perennial question.

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25cents.

made no mistake.

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yummygd, I agree. it really depends on how 'long' you want to take it. Like alex mentioned, in time it will bounce but to take it to my bought price, it might take too long. Averaging is ok (if you believe in the stock) I'm iffy on this one, a guru once told me, don't feed a dead duck (n I've been comtemplating on whether this duck is dead or not). Cutting loss and redistributing the funds to another stock might be what I wanna do. I wanted to gauge sentiments to see what the players think when the next bounce will be.

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Yummy is deliciously right in saying that...

The reason why I constantly tell all newbies (veterans can easily ignore it)

"do not play shares" is that the game is not as easy as it appears.

If even seasoned veterans get it wrong most of the time,

then how can innocent newbies (lambs) do better than they, right?

However, those newbies who have 'money to blow' will be too happy to do so...

Hope you understand the context of my constant reminder... Smiley

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but ipunter is the sifu of DO NOT PLAY STOCKS. that is the only advice he gives out that is constant hahaha. not being disrespectful ya sifu i am just stating my observations

happytrading ( Date: 09-Jun-2010 17:20) Posted:

Very chim, got say like never say

you not even helping this guy.

Pls dont rub salt into the wound.

iPunter ( Date: 09-Jun-2010 17:00) Posted:

I wouldn't venture to advise you on what to do...

This is because Buying or selling is equally risky ...

But I can offer all the following 'universal wisdom'...

Before you even start playing stocks,

you should have studied and understand more

        about the nature of the stock market.

             Because the stock market is all about managing risk,

                  not making money, though that will be the result

                       if you manage your risks expertly... Smiley

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This is it. China Property counters r very bearish right now. personally i think Ying Li has more or less bottomed out. It might go another 1-2 cent more but thats it.(of course if its a huge amount one two cent matters ) E question here is wherether or not this counter will bounce back. I think it will but not in e next few months. it might take more den two years n if u dun have the holding power i think you should either hold on to what you have and leave it and invest the rest of ur ave money down on other counters first. Just in case I am wrong and this counter get hit again and slide further or if you just wanna cut loss and just bite the bullet and sell n reinvest whatever money you get back in a more probable counter.

I myself am still holding on to this counter because i still believe in it,I do not need the money and I am only holding 10 lots. I dun mind parking it in and just let it sit and monitor n wait out this bearish time. But even I think that now is not the time to ave down on Ying Li. Long term its still a good counter but short n mid term no.

Please bear in mind i am still learning myself and have never consider myself anything so this is just my sincere thoughts on this counter. I am not calling on anything and hope it helps.

srntyb ( Date: 09-Jun-2010 16:10) Posted:

Hi veterans...need some advise..bought this baby at a silly .8 due to all the recommendations at that time before the tightening and when I was super busy. Now..not sure if I should throw in the towel on this one or add in more at a lower price to mitigate my loss. What do you think the strategy should be? Seems that there are mixed reactions to this stock on this forum

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Unlike understanding the intricacies of Investment Analysis and Accountancy, for instance,

       to really understand the stock market beast,

            it is only necessary to know three things by heart viz.

             i) stocks can go up in an uptrend

            ii) stocks can go down in a downtrend and

             iii) the stock market is a very risky place to play with one's hard-earned money

Once these all-important principles of fact are accepted into the player's inner consciousness, it would then be a breeze to sail through the whole game without going "pok!" for long periods of time, or worst, till the end of one's life. Smiley

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Alex thanks so much for the input, I'll weigh out the points. Ironically I am from the financial industry. Evenso, I will not be so pompous to say that I will ever understand the stock market well. I play coz I can and I like the game. I seek to be better..Ying Li I must say was a rash decision due to heaps of factors but it all boiled down to lack of time at that moment. One can only lessen the pain, but bitter medicine u have to take nevertheless. Then again..this game is not for the faint hearted...good luck all. I enjoyed reading all ur comments

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It's a pleasure.... you are so understanding... Smiley

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I accept your explanation, it is at least more down to earth.

No hard feelings Cheers!!!

iPunter ( Date: 09-Jun-2010 17:36) Posted:

You do not understand what I am saying...

What I wanted to say is " Do not play stocks"..,

    unless you know the stock market well...

       because if you yourself don't even know to hold or to sell,

           you are not ready to play stocks.

               (Stock market is not "play-play", it's your hard-earned money)

So how can this be considered 'rubbing salt' ? Smiley

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Oooh, I just love that first sentence...

Probably he was, like most people,

thinking very staunchly of 'good fundamentals' all these while.. Smiley

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OMG. You still holding to this bugger even after it drop more than 50% from your purchase price!?

This is a tough question you post to us.

Ying Li is not a good stock to hold long-term. It's a trading stock, better for short-term trading.

The market is volatile now, in the short-term it may stay flat or goes down further. In the long-term, the market will goes up.

The market has already beaten quite low, so if you sell now, you definitely selling at a loss and at a bad time too.

The problem is, even if the market is to pick up and goes into a Bull market, Ying Li would probably be the last stock to run. And it would take a long time to reach your purchase price of 0.80.

You got 2 choice.

1. You sell on the next surge and switch to a better fundamental stock. Try to recover some of your losses thought a better stock.

2. You hold and wait for this stock to run. Average down later and hope you can turn this losses around. But, you'll need to have a lot more capital and to keep a very close eye on this stock.

Good luck to you.

srntyb ( Date: 09-Jun-2010 16:10) Posted:

Hi veterans...need some advise..bought this baby at a silly .8 due to all the recommendations at that time before the tightening and when I was super busy. Now..not sure if I should throw in the towel on this one or add in more at a lower price to mitigate my loss. What do you think the strategy should be? Seems that there are mixed reactions to this stock on this forum

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You do not understand what I am saying...

What I wanted to say is " Do not play stocks"..,

    unless you know the stock market well...

       because if you yourself don't even know to hold or to sell,

           you are not ready to play stocks.

               (Stock market is not "play-play", it's your hard-earned money)

So how can this be considered 'rubbing salt' ? Smiley

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Very chim, got say like never say

you not even helping this guy.

Pls dont rub salt into the wound.

iPunter ( Date: 09-Jun-2010 17:00) Posted:

I wouldn't venture to advise you on what to do...

This is because Buying or selling is equally risky ...

But I can offer all the following 'universal wisdom'...

Before you even start playing stocks,

you should have studied and understand more

        about the nature of the stock market.

             Because the stock market is all about managing risk,

                  not making money, though that will be the result

                       if you manage your risks expertly... Smiley

x 0

I wouldn't venture to advise you on what to do...

This is because Buying or selling is equally risky ...

But I can offer all the following 'universal wisdom'...

Before you even start playing stocks,

you should have studied and understand more

        about the nature of the stock market.

             Because the stock market is all about managing risk,

                  not making money, though that will be the result

                       if you manage your risks expertly... Smiley