I think hor, based on the price movt on the counter can tell whether the results is good or not. Cos BB always got insider info.

Think only 

BullishTempo      ( Date: 09-Nov-2010 20:58) Posted:

NOW I REMEMBERED WHAT HAPPENED!

i came out of meeting at 1405! so i quickly log into poems to watch.

then when i went to the live price page, i got a shock cause nothing was moving.

so i refresh and refresh and refresh. thinking my comp hang or something.

then suddenly i saw the MIT start jumping. then i typed 1.16 buy. but by the time i finish typing, it was 1.19, so i bought at 1.19 and withdraw my 1.16.

then i sat there thinking why after so many refresh then the price started jumping.

then i went to see my order transactions. order filled at 1403. then i realised my company clock was FAST!!! and i wasted precious time refreshing the stupid poems thinking my comp hang.

after that incident i always look at clock before i transact.

NOW I REMEMBERED WHAT HAPPENED!

i came out of meeting at 1405! so i quickly log into poems to watch.

then when i went to the live price page, i got a shock cause nothing was moving.

so i refresh and refresh and refresh. thinking my comp hang or something.

then suddenly i saw the MIT start jumping. then i typed 1.16 buy. but by the time i finish typing, it was 1.19, so i bought at 1.19 and withdraw my 1.16.

then i sat there thinking why after so many refresh then the price started jumping.

then i went to see my order transactions. order filled at 1403. then i realised my company clock was FAST!!! and i wasted precious time refreshing the stupid poems thinking my comp hang.

after that incident i always look at clock before i transact.

I will tell you what I do for IPO launches.

At 1.59pm for MIT, my buy order is already in the system. 

At 2pm, I got filled at opening price.

The price went up 4 cents, saw the sell-down, so quickly sell the stock away, and ran away with 2 cents profits.

I believe you must have entered late. 

dividend play instead of growth. too high will lower yield. i realised this before i decided to wack, cause seeing GLP spectacular run, made me greedy thinking that MIT will be the same despite their diff nature. end up taking a beating. people warned me not to expect MIT to behave like GLP, but i too greedy and desperate to recoup my loss. cause if MIT behaved like GLP, i would have recoup my losses in full. but it did not.

irrational behaviour despite warnings and analysis. too much hype also haha.

dividend play instead of growth. too high will lower yield. i realised this before i decided to wack, cause seeing GLP spectacular run, made me greedy thinking that MIT will be the same despite their diff nature. end up taking a beating. people warned me not to expect MIT to behave like GLP, but i too greedy and desperate to recoup my loss. cause if MIT behaved like GLP, i would have recoup my losses in full. but it did not.

irrational behaviour despite warnings and analysis. too much hype also haha.

Yeah I understand.

Anyway you are making money from GenHK now.

So all is good.

Just learn the lesson from each trade where you lose money.

You know why you lost money for MIT? 

I think hor, based on the price movt on the counter can tell whether the results is good or not. Cos BB always got insider info.

Think only 

BullishTempo      ( Date: 09-Nov-2010 20:58) Posted:

Looks like i have made the same mistake as you .. selling on and off.. reducing the entire profit, not to forget the commission you have to pay is much more if you do it that way.

Now i am holding GenSP till result day ... also i am hoping to buy more on dip ... but it seems that there's not much dip..  

By the way, when will the Q3 result be out for Genting HK?

analysis is useless without the guts and confidence to act upon it.

is not i timid, but in a net loss position, quite hard to take risk personally.

esp when the last risk i took MIT, set me back a lot.

if i trading with profits, i will be in a better situation to take more risk.

i guess that is human mentality, own money will not want to take much risk.

but profits, easy come easy go. lol

ya.

i made the mistake of selling genting sp too early. i realised if i had just kept the 7 lots i got at 2.08, i would have paper profits of close to 2k + happiness now. 

however i in out in out in out, which gave me a payout of only 500+ excitement

therefore the utility of 500+ excitement < 2k + happiness

so i decided to keep hk until results release. then depending on the US dollar, i might continue holding it.

after calculation, as long as the dollar remains above USD 1.2 to SGD 1, i will profit at the price level above .515.

i need it to move by 30cents to fully recoup my losses. or to wack in my entire savings and pray it goes up by another 10 cents after SP release results.

quite a headache deciding how much to risk to recoup my losses. quite keen to enter AGR tmr provided it does not gap up.

RSI for AGR trending down, good volume with doji. uncertainty about the results. with fast stochactics going down. if tmr black in the mid day, i 60% jump in!