SPC   

SPC

I can comprehend what you say.  I know there will be a group of people like what you have mentioned wanting OUT and there will also another group of people wanting IN. We will then experience an influx of BUY & SELL.  If this happens, I termed it as the consolidation phase. Eventually the price will need to break out either on the upside or the downside.  thats the beauty of the market - GREED & FEAR.

 

Any significant upward move will cause it to back down again when those who have been enduring losing money on the way down get out to cut their losses. So it won't be a straightforward rise back to higher prices straight away, but form a fairly complex reversal pattern over a certain period. 

 

You nervous for what?  ;) Nervousness only leads to emotional reaction. ha ha.

The news will always be in 3 forms.  Exceed expectation, inline with expectation or below expectation.

Mebbie elf has covered his SPC positions? I believe he mentioned he is tired (eyes kept closing) in the other thread.

 

huh? now then bottoming out ah. the results will be out very soon. i am very nervous. i hope for a short consolidation and quick and strong uptrend. woohoo!!!

how come elf doesn;t post in the SPC thread anymore ah?

 

Tomorrow we need to clear 4.22 and end the day higher than at 4.22 or higher to have a chance of a reversal.  If it doesn't clear 4.22, we may potentially see a consolidation between 4.10 - 4.20.  That being the case, momentum trade using ocillator tools would be ideal. Buy entry would be 4.20 if it touch 4.22 intraday.

 

Yes, watch real close.............

 

SPC may have a chance of bottoming out.... keep close watch

 

one more thing, believe in yourself is a good thing, but to be honest, many people has blind "faith" ... sometimes, it can be opposite ways.. Listening more from successful people, and judge yourself, because we are all educated people, should use brain to think .

 

err... what you say, is different that what I said.. actually, to cut the conversation short, he is saying, he got bigger business opportunities which can make you rich in the sense that u don't have to pray hard for the stocks to go up or work under your boss.. until today, I still didn't join his class because I can't commit myself for 7.30 to 9.30 pm classes.. I am lazy, and I need many sleeps, and yet, I want to watch bai jia le.. jue diu superstar, etc. ha ha..

 

As Singaporegal once said, we all have to find a method that works for us. It is ok to seek advise from others but I feel in the market, you need to believe in yourself . When we make a mistake, do the appropriate action. Don't let pride get in the way.......... 

 

When I was having tea with ex. Mc Donald creative director, cum ex General Ford general manager, he asked me a question, let me tell you tomorrow SIA will go up 20 cents, how much can you earn, just tell me how much can you earn. For the rich people, SIA only need to go up 2 cents, they can earn siao siao liao.. His advice for me is, stocks are definitely for rich people, BUT, he didn't say I should not invest, but INVEST in myself... sound very chium right? well, I am very lucky to meet many powerful and reputation people these days.. stocks play is just part of my portfolio... others thing count for brighter future, all the best, cheers!

 

You can take high risk positions. But one false move and you might not be able to recover or find to hard to recover in future. Just a word of caution that's all...... 

 

I prefer gradual gains. I don't believe in high risk high gain. It is not true that if you want to make big money in shares you have to take high risk. The term high risk is also quite subjective. I would say my style of not putting all my stakes at one share price and stagger my buys is not high risk. As I add on to my positions as the share price go up, the rewards are rewarding indeed:) 

 

wah...heng..din short today..$4.20 !!! crazy....up n downs like nobody's buzi :P

 

Hi all, thank you for your explanation of short and naked short.  I dont have the guts & skills to do these.  I have  at the most done contra (but with the ability to pay up).  Good luck to all...

 

FYI

SBL account is Securities Borrowing and Lending

CFD account is Contract For Difference

 

My idea of the difference between naked short and short is....

naked short... sell the share which u do not own first, must buy within the same day or else  got penalties

short.... same  as naked short except, u are using official means, such as SBL account or CFD to short. SBL  period  is T+3 while CFD is T+30

 

opps error there.. please disregard that last sentence... :(

 

Short is a general term which just means sell. If you already own the shares and yuo sell it, why will you need to buy back some more? In the latter case, you'd become a naked short.

 

hi Rickytan,

Correct me if I am wrong all the Sifus out there. Difference btn Short and Naked short is, when U do a short, U are holding some of the share with the intend to buy it back later, need not be the same day.
 Naked short is U don't own the share but you are selling it with the intend to buy it back on the same day at a lower price. Naked short very dangerous.