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China Aviation
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CAO
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rogue_trader
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17-Nov-2006 01:40
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maxsyn, my apologies for being impatient.. Which explained why I did the TA for this counter before its results and ended up kena, haha. |
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iPunter
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16-Nov-2006 21:53
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Hi OngHuiHui, From your postings, I gathered you are a very serious investor who is much inclined towards the fundamentals of stocks. And I believe you have considerable experience in the market too. I, too have considerable experience in losing money in the market. And I have lost more than I made. And I frankly can't see how I can ever make back what I have lost in the past. So much so that I have concluded that the stock market is NOT the place to get rich quick ( except if you are a 'Big Boy', of course). The market is just the market. It is a neutral entity 'with a mind of it's own' at best. In playing the market, I realise we are not pitting against the market, but against ourselves. We are not to have too many prejudices or are easily irritated by things as they are, be they philosophical or otherwise. :) ---------------- Trade With Care |
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maxsyn
Veteran |
16-Nov-2006 21:28
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Ya, share your thought also. I also almost got caught in Biosensors. Luckily I took a small profit instead of betting it for good result. It declines days before result out. And result was bad..., and still down... |
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singaporegal
Supreme |
16-Nov-2006 09:56
Yells: "Female TA nut" |
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Hi OngHuiH, I agree with you on point #1. You are so right on this. I made that mistake recently with Starhub. I forgot to check if the earnings reports are due before going into Starhub. |
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OngHuiH
Member |
16-Nov-2006 09:29
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Colorado hi, thanks for giving me the opportunity to share ideas. Few key points here: #1. It is a FATAL ERROR to use TA juz before the result. Note - I am a firm believer of TA. But TA must be used at the rite time. #2. Sitting on losses is not a good idea. Exit plan is important. For me, I normally exit when the price is between 3-5 bids down against me. Or I average if i believe the the counter has future. In the case of CAO, you have seen my recommendation buy at $1. Why am I confident? This is from FA. The last 2Qs positive results and the backer behind this counter BP, Temasek. And it is opnenly reported the china oil requirements has increased. Fyi, reportedly from Jan 06 to Dec 06, CAO oil trade will be 51% more oil than last year. Note this point. #3. Remember to log in profit if you happen to buy juz before the result. Yesterday, I diposed off 65% of my holding @1.05 Note highest was 1.06. Since, price has retreat to1.03-1.04. #4. Whether to buy now at 1.03 or 1.04 - I have no recommendation. If opportunity arises, price fall toward $1 again .... maybe. #5. I don't mean to cause offence to anyone in this forum. There are many good people here. I have benefitted from their viewpoints. But u must be careful who you listen to. Some juz make some philosophical statements. Take note of those who contributed regularly and see if what they say make sense - meaningful u become richer from their sharing. Our aim is to make money and not to win arguments! Best wishes. |
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iPunter
Supreme |
16-Nov-2006 09:05
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Hi, I used to hear people say the best champion traders do their trading in the isolation of their own yatchs, far out at sea where they are not influenced by others' ideas. Well, I suppose we should take that to heart too! :) ------------- Money is Good |
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lewsh88
Senior |
16-Nov-2006 08:57
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Hi OngHuiH: Totally agree with you that listening to too many opinions may end up losing. One of the items we learnt in the Novice TA course by terraseeds on Art of Trading is: Ignore chat room chatter. Cheers |
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maxsyn
Veteran |
16-Nov-2006 08:07
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my apology. I actually referring to DI. The 3 lines (ADX, +DI and -DI) are together. ADX indicates the strength of the trend, either bearish (-DI avove +DI) of bullish (+DI above -DI), improving the odds. Still trying to understand the indicators, correct me if I got the wrong understanding. |
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maxsyn
Veteran |
16-Nov-2006 06:23
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rogue_trader, light off at that time leow! patient a bit lah... :( |
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rogue_trader
Master |
16-Nov-2006 00:58
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If I remembered correctly, ADX is Average Directional Index. But too bad, maxsyn did not want to confirm with me. Anyway, ADX is just one of the indicators used in TA. Not commonly found. This is used to gauge its trend and not to determine a particular trend. |
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rogue_trader
Master |
16-Nov-2006 00:42
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Clarify from my previous post, it shld be "Volume very inconsistent and convergence spotted. Trade with cautious." |
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rogue_trader
Master |
16-Nov-2006 00:40
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Hi maxsyn, can share what do you mean by ADX? Thanks in advance. |
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maxsyn
Veteran |
16-Nov-2006 00:05
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ADX cross over and surge in volume, possible reversal after supporting at $1 for sometimes. |
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rogue_trader
Master |
15-Nov-2006 23:59
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Volume very inconsistent but convergence spotted. Trade with cautious. |
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colorado
Member |
15-Nov-2006 18:16
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Hi Ong HuiH, I just managed to on my computer and saw your post. I would love to buy but I have to calculate my cost as I'm using CPF to trade. What are your thoughts? |
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OngHuiH
Member |
15-Nov-2006 09:30
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Colorado hi, did you pick up shares at $1? Sometimes if one listen to too many opinions, ended up losing. I have turned losses into gain by buying in more at $1. |
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OngHuiH
Member |
14-Nov-2006 20:29
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SINGAPORE (XFN-ASIA) - China Aviation Oil (Singapore) Corp Ltd third quarter to September results: Revenue - 1.46 bln sgd vs 4.05 mln (NM) Pretax profit - 12.46 mln sgd vs loss 64,000 Net profit - 12.49 mln sgd vs loss 13,000 [No tax payable as enough tax loss to offset] EPS - 0.0173 sgd vs loss 0.0001 Nine months to September results: Revenue - 1.57 bln sgd vs 13.32 mln [NM] Pretax profit - 372.12 mln sgd vs loss 6.94 mln Net profit - 369.52 mln sgd vs loss 7.30 mln EPS - 0.6645 sgd vs loss 0.0377 |
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rogue_trader
Master |
14-Nov-2006 00:49
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Although A/D Lines & Chaikin showing slight uptrend, in my personal opinions, I still feel that there are somemore downside to this counter. Not an inducement to buy or sell. |
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rickytan
Veteran |
13-Nov-2006 21:33
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Thank you iPunter and Singaporegal for your comments and views. I had also lost alot of money previously as my trading in those days were solely based on hearsay. Now I am trying to learn to trade base on FA and TA. |
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singaporegal
Supreme |
13-Nov-2006 19:24
Yells: "Female TA nut" |
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My take on this - FA and TA are just tools to base trading decisions on. People have been successful using either one or even both. Its just a matter of applying the techniques with rigid trading discipline. |
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