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don't think it'll break 1.10 shld be support.
at opening when downtrend persisted, the pros wld hav triggered their shorts. now they r in the money, will cover positions when irrational sell down slows. they'll then channel liquidity to other hi vol counters or upcoming ipo debuts.
i bought 119 contra, i sold at 112. lost 800, which is half month pay. but i think i cannot take the shock if it breaks 1.11. cause by then it will be a freefall.
to those who playing contra, my opinion is, they play GLP so high, so that we will anticipate that MIT will rocket also, but knowing that retail will amass MIT, they let us get caught and then buy back when we cannot support it. cause greed will overwhelm us and we will contra. and given current yield not that nice at the price.
that is my humble opinion, which is why i decided to cut all 10 lots at 1.12. really painful for me as it is my half month pay. but no choice, i only regret didnt cut it this morning when it was 1.16. and i was still asking in the forum, should i Q for pre market anot. guess i should have gone with my 1st instinct and not hestiate too much. that hestiation cost me $400
yes boss...
i bought ytd so must sell latest tues
now 1.11 liao... just keep sliding dunno how come like tat?
wierd... tot if market sentiments gd, generally shld be up one... why this one behaving unlike GLP???
elton81 ( Date: 22-Oct-2010 11:42) Posted:
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this is bad...this stock seems going down down down..im still stuck at 1.17 and 1.19...any advice?
Hi John,
Trading is like martial arts. Don't trade if you can't take pain..thats the advise from the master :). Learn from it, have a entry point as well as exit point (know when to cut losses). Dont let your emotions get on you.. learn from each lessons and move forward :)
How to trade on this new ADR thing, I heard China Mobile and Baidu is a good choice, but how to trade on this ? thanks.
Raindrops ( Date: 22-Oct-2010 11:39) Posted:
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ya.. best is go out relax.. keep ur mind clear 1st... anyway.. ur contra due date is t+4?
johntanyg ( Date: 22-Oct-2010 11:38) Posted:
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Maybe everyone is nwo observing and parking thier money in the new ADR!~ Anw sgx shldnt have too many things together!~
lol... i heard it from my remiser friend also.. that's why whenever it's going to rain.. i always msg him.. tell him to pray.. haha.. anyway... quite accurate... abt 80% of the days when sti down... it rained... lol
knightrider ( Date: 22-Oct-2010 11:32) Posted:
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Dear all,
Thks for all yr comments. we r in different soup, some hotter than the others, some boiling the fish inside ald boiled liao...
just hope that i can sell on mon or tue without much damange or just make a small sum n i happy ald.
all i know is, everything is unpredicable one... even yr own intuition... hahaha
aiya dont say like i go gym to FA XIEEEEEEEEEEEEEEEEEE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I heard from HK fengshui master says, when haze come all particles drops from sky include stock. Rain come, share drop, ha ha ha LOL, this also can. Just for a laugh. good Luck.
elton81 ( Date: 22-Oct-2010 11:16) Posted:
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Dear john,
To make you feel better,i bot @ 1.19 can can only hold half the amt i bot.Ppl can said that i m stupid,but i must say if you make $,they will say you are good.So pls dun b dispair,you r not alone.
johntanyg ( Date: 22-Oct-2010 11:11) Posted:
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Any time you invested, once it drops 5%, which in your case is S$0.06 ,when you buy S$1.18, cut lost and move to outer counters if you don't have holding power ! Thus you are a speculator, in my opinion you just want to make a quick $$, but this counter and GLP is too diluted. History can be trace as Singtel. Good luck !
today BT missing in action.. genting also consolidating at 223/224... all the stocks all not moving much except penny stocks like ums mermaid and sunvic... hmmm .. it's gonna rain soon... there's a saying in stocks brokerage firms that ... when it rains... mostly sti will go down... lol..
John, dont worry. Look at the trend later in the aftn. Just relax first ya!~ anw can always learn from it ba. All the best!~ CHeers eh!~
woah. .nice for u... another cheap deal done... always get cheap cheap price 1... next time add me msn or what.. haha than when u queue cheap cheap price can let me know.. haha i wanna queue also.. u budget king... always get the best entry price..
Dear Raindrops,
thks for your concern... i don't have the holding power... have to sell by mon or tue next week
really kinda suck in this area...
Raindrops ( Date: 22-Oct-2010 11:07) Posted:
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hehe.. I just bought 50lots at 1.12.... this counter is dying
elton81 ( Date: 22-Oct-2010 10:51) Posted:
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Dear John, you can be speculative or also a investor if you have done your homework? Anyway, do you have the holding power for your lots?