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potiential stock to watch ?
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moogee
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04-Sep-2007 09:32
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Hi Elf, I am stuck at 0.274 ler. Doubt it will go that high, but getting my surf board ready all the same!!...:) |
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elfinchilde
Elite |
04-Sep-2007 09:14
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watch achieva. resistance at 18 broken; currently 19/19.5. from market depth there's a clear ride all the way post 20c. very few sellers. elfie has to be on ground so can't watch *wail* but be careful with this counter; those of you who were in before shd remember: it moves rapid and fast up and down. the bbs here do not queue. today's day one of breakout. surf's up! whee! ;) |
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synnexo
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03-Sep-2007 17:10
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More importantly is the confidence level is slowly coming back, I hope... Only that pennies will move back to the, supposedly, "ideal" price level. Anyway, good luck to u...& all... 
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elfinchilde
Elite |
03-Sep-2007 17:01
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lol. synnexo, you overestimate me lah. i can't afford to buy 1290 lots at one shot. haha. did vest in some more at 14.5 last fri tho. pleasant surprise and good news for all of us! :) |
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synnexo
Veteran |
03-Sep-2007 16:04
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Wow...elfie...got huge buy ups leh...u buying more? Got strong support @ 14.5c. Good luck to those vested. |
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novicetrader
Senior |
29-Aug-2007 09:23
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Thank you Elfinchilde. The value of all of my holdings have halved. I have been advised to average but I fear the price may slip further pending the stability of the financial markets. A lot of reports stated that the problem is contained in the US market, with sporadic spill overs to the other foreign markets, but the effect is very minor. Hence it is investor confidence vs economic downturn. The asian economies are at an all time high. I do not see why the STI is affected so badly. Look at the Chinese markets, they are talking about hitting 10,000 points by 2010. When I was told the market would exceed 3,000 points I was a bit skeptical and that was one year back, when I was told it will exceed 4,000 points and aim for 5,000 points, I thought they didn't know what they were talking about, now it has shot past 5,000 points. Investor confidence plays a very important part in market movements. Sentiments. Thanks, once again for your invaluable advice. Do have a good day. Bad day for STI though. Looks like I am working for free for the whole 2007 if the market does not rebound. |
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elfinchilde
Elite |
29-Aug-2007 09:03
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posted earlier but my connection d/ced... novicetrader: lowest is jan 07 px, worst case scenario. ie, 8c. so need to calculate carefully: if the price dif from when you bought to now is more than the fall left, might be more worthwhile to average out at the lowest. (do not think below 10c actually...) do note opp cost of holding in tho: will take 3-6 mths for recovery. i'm default long term holdings too. haha. see how. last chance for running will be fed rate cuts. |
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novicetrader
Senior |
29-Aug-2007 07:41
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Hi Elfinchilde, continuous slide. Do not see any light out of the tunnel. Hold on or let go and go for the blue chips like what you said. When the market recovers the blues will move first. Thanks for any kind advice. Heavily into this counter. But again, it has halved ts price and is at its NAV, how low can it go. |
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moogee
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22-Aug-2007 17:50
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hi Elfin, thanks, yup..I am putting this in cold storage for now. No worries lar...hehe..at least not yet time to panic..what goes down must go up eventually right?.. ..I not familair with put or call warrants, so i don't dare to dabble in them. Tried some warrants before, kena burnt...hehehe.
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elfinchilde
Elite |
21-Aug-2007 23:06
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hi moogee, yah, agreed! elfie also kena stuck! ahahahahahhaa. the day that it did a sudden drop (cos it was holding pretty well at abt 18c, rem), i was out on ground so no access to internet! kbkbkbkbkkbkbkbkb! can die....anw, lesson i learnt from hyflux: clear all positions before going for holiday, unless you really can take long term. >~< anw, just hang in there lah. at this pt in time, if you haven't cut yet, really, when you count the downside vs cutting and buying in, it's better to average down at the lowest pt when everyone is silent. not yet tho; believe it'll still drop further. and do be prepared to wait to year end or longer for a recovery; am under no illusions about that, neither do i wish to give false hope. (FA wise, the fundamentals are not much of a problem. but then, even the good FA blues are dropping.) am estimating correction to 2,800 for the sti. so buckle on your seatbelts and put this baby in cold storage for now. advise as a general, dun put all money into pennies tho. the blues will recover faster. so makes more sense to buy some appropriate puts as insurance (not now tho, since they're all high), put some into the blues at lowest, ride the blues up, then come back to the pennies. on the assumption of a year end rally. just be prepared for the worst and go to sleep lah. no sense angsting over this. cheers to us all! :) |
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moogee
Member |
21-Aug-2007 16:50
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I am stuck at 0.270 ah!..bought when it was rising..went away for a holiday, came back and it was ard 0.16 liao...too late to cut loss..:( |
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elfinchilde
Elite |
21-Aug-2007 16:48
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ah relax lah....everything is on downtrend now, even the blues. :) i wouldn't advise cutting now tho, since achieva is quite close to its lowest possible. even if it *touch wood* goes down to 10c, the averaging down (or more precisely, on uptrend) method is likely less costly than the 'cut loss and buy in low' method for most ppl? need to count and see for yourselves...but roughly, if your buy px is abt 25c, then holding and later buying in is cheaper than cutting now and hoping for it to go down. ie, park this under your pillow and go to sleep for now lah. the fundamentals have not changed. advise buying put warrants as insurance tho. market shd have a further 10% to drop. cheers to all and keep spirits up! :) |
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sjgoblin
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21-Aug-2007 16:41
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I so totally agree: patience. If only I'd been 2 days more patient. hai... then combine with 'don't accumulate', i would have had a fatter wallet in 2 days, and no extra commitments. And yeah, I think should accumulate this one only on uptrend too. During the uptrend, I watched it go up 0.5 ct like everyday for about 2 (?) weeks, then start jumping ~2 cts each time - all without any obvious reason. so don't fret about it rising slower but falling faster than others - others go up and down, it almost didn't during the uptrend. but waiting for it to go back to 20+ is like waiting for STI to go back to 3600+. by then, it won't be a matter of 'cutting losses', it'll be a matter of 'when will it start being profitable again' (787180: when did u buy it, man?). |
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kolslorr
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21-Aug-2007 15:50
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This one super disappointing.... rise slower than others... but drop more than others... wanna faint.... |
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novicetrader
Senior |
21-Aug-2007 06:47
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Thanks elfinchilde. Since its NAV is S$0.13, guess at yesterday's close of S$0.15 it is a real bargain. Well, give it a couple more days or maybe weeks for the market to stablize and I am sure this baby will move. I have done enough of averaging and I guess thats it. Too much in it already. |
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elfinchilde
Elite |
20-Aug-2007 21:47
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hm. just to clarify about the strike px: 13.5 is derived cos that's the 90 day support, as well as 13c being its NAV. but in deciding entry, it's less the fixed price i look at and more the movement of the counter. ie, i would rather pay 18c for achieva on a confirmed uptrend rather than 15c on uncertain charts and unstable market. see how. patience now. |
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elfinchilde
Elite |
20-Aug-2007 21:35
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hullo novicetrader, was happily accumulating this counter before it did that volatile spike up and down: so traded it twice then; entered again and market crashed, so cut some loss. still holding some for base position (note, relatively minor position, less than a third of what i want ultimately), but waiting to see general market. my strike px to enter again is actually 13.5c, but i'm waiting to see market now. won't hesitate to cut if general macro trend is bad. can't fight the trend. am currently trading the warrants and the blues, so this is in cold storage for now. no hurry to accumulate the pennies really, since even if there is a year end rally, the pennies will likely not rally so fast yet. so switch over to the blues for now and utilise the volatility to one's advantage. generally, i wouldn't advocate accumulating anything now tho. it's too volatile. there was something brewing with this stock, as its charts showed, but in this kind of overriding climate, even the best news is not likely to get one anywhere. so just gotta ride with the trend. sigh. good luck to all of us! :))))) |
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novicetrader
Senior |
20-Aug-2007 20:59
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elfinchilde, are you vested in this counter? just curious. everybody seems to say that there is something brewing but definitely not the price of the stock. Again gotta agree with you that when the market gets hit, penny stocks will be hardest hit. |
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elfinchilde
Elite |
20-Aug-2007 18:43
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charts are down. bo pian. everything is down for this time, good fundamentals or not. expect the blues to recover first tho. pennies might take a while longer... |
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synnexo
Veteran |
20-Aug-2007 14:05
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Hi dlimck, All pennies are battered badly for the past few weeks, at least 30 - 40% down. Likely people are staying at sidelines & waiting for signals to hop in again. Can TA experts comment on the Acc/Dist chart? |
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