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Contel Corp
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terencee
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20-Apr-2013 23:40
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profit taking. Plus no ppl wanna hold past weekend due to uncertainties.
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nqing87
Veteran |
20-Apr-2013 22:07
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Thanks a lot bro for sharing the technical insights! i had observed the same situation as what u said for point 2 about price having high chances of falling after previous trading chiong a lot with high volume.. that happens to ipco in mid feb.. but i think maybe not all situation are like this.. cant remember exactly, but i think i saw before some stocks keep chionging for few days.. maybe they arent top volume.. i feel though, imho, point 2 may not always apply as there are some stocks that cant possibly have huge volume 'cos of it's high share price.. anyway, what's your opinion on the fall of jubilee late in the friday trading after chionging up in the morning?
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mlfbac
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20-Apr-2013 21:05
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Thank you for sharing.
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Stockcham
Elite |
20-Apr-2013 18:56
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Bro nqing87, I like your comment on the DOW. You have a point there. Good to hear you share on fundamental point of view. There is no contradiction on ISDN. I bought it when it hit new high. That's what I'm trying to share. Buy when it hit new high. For ISDN, it is an uptrend when I bought. When it cross 0.24, I bought it at 2 bids above the resistance. Initially the movement is not that much and that's why don't make much money. I made more when the price is above 0.30. I don't only buy stocks that hit new high. I do buy stocks which cross resistance. I don't think Jubilee is over. The move started at 0.20 and  there was still accumulation at 0.25. Someone eat up whatever lots that was thrown out at 0.25. As for Contel, I do get involved too. I shorted it at 0.103 and buy back at 0.099. Why at 0.103?. Because 0.103 is the resistance. When so many people rushing to match the opening price at so many bids above the previous closing price because of the news, the chance for price  to move up is lower. Yes, there is a gap up, but not all gap up mean it will move upward. Some are traps. I waited till it open matched at 0.101 and see whether it cross 0.103 convincingly. But it hit 0.104 and drop back. I shorted it. If it really cheong, it should cheong up very fast. Stocks trading  is like soccer betting. When so many punters bet on MU giving only 1/2 ball to Let me share with you on my experience about the gap up. Some peoples like to buy at match price with gap up. In my opinion, there are a few types of gap up. Not all gap up is good. 1) If the previous trading price for one stock doesn't move up much(Maybe 1-2 bids or remain the same), next day if there is a gap up with many bids, the chances of price  moving up above the match price is only slightly higher.  2) If the previous trading price for one stock has already move many bids with top volumn  and close high,  and the next day  match price  is many bids gap up, better don't try to chase to match because chances for it to drop below matched price is higher. I don't advise anyone to buy at match price with many bids above the last trading price  because chances you will lose money. BBs use matching time to unload their stocks. Then what is the best scenario to buy at match price?. I would prefer the following scenario. 3) The volumn of the stocks increased  compare to the previous few sessions but price only move up a few bids. The next day there is a gap up looking at the " going to match"   price  but the gap up is about  1-3 bids only.   Why?. Because BBs also want to buy cheaper. Look at Contel, gap up so many bids. Yes, Contel have news but the news are no more NEW?. This is well known news which many have expected. Then on ChinaNtown, gap up 14 bids and match 0.128. Also die if you buy at match price. What I shared above is not 100%. I’m talking about high or low possibility. Anyway, another longwinded comments. Tired liao. |
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SG_001
Member |
20-Apr-2013 18:37
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Totally agree
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nqing87
Veteran |
20-Apr-2013 15:44
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i think those upload at 3.5/4 cents had already offload long long ancient time ago lol.. contel once hit 10cents before the dive of pennies during end feb.. i think most who offload after RTO news are those like me, buying around 6 to 8 cents.. the support around 8.8 cents is rather strong, therefore i was still hoping it to climb back up a little to sell.. good luck to bros who invested around 9-10 cents.. but maybe u guys could need to wait a while longer if still want profits, unless got positive news somehow..
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nqing87
Veteran |
20-Apr-2013 15:38
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in long term likely more than 10 cents, but the problem will be short term.. 'cos with the US debt issue haunting in few more weeks, if this few days never go back up, and if the US problem do becomes a catalyst for fall, then likely every stock will fall.. so it could be a mistake eventually in short term for not selling at 10cents lol.. i could have sold at 10 cents and wait for dips to buy back again.. then again, i cannot predict the future & psychology of ppl.. i thought the buying momentum is more than the selling pressure from ppl cashing out profits upon RTO news, with the big backing behind yuuzoo.. 
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Blue-sky
Member |
20-Apr-2013 14:44
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Thanks Stckcham for the good stuff. Contel may need a while ..likely this coming week to close gap at 8.1 . The pple that bot at 3.5 /4 cents have unloaded on news. Those holding are those at 9+ / 10   for it to break new heights ..will have to be after the RTO and consolidation exercise . The New Board is pretty impressive ..no more bigger news i think till completion of RTO.. 10 will be a stort term cap for now i think. Vested low qty but will wait for next week to add up . 
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9hly99
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20-Apr-2013 14:28
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i am not vested but keen to follow on Contel developments.....the RTO is already a fact and my opinion is that it will go through... should view Contel as Yuuzoo as a " new" IPO and what Yuu zoo can bring for the shareholders....therefore no selling at 0.10 cents is not a mistake     |
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nqing87
Veteran |
20-Apr-2013 14:15
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wow bro, that's a lengthy comment.. thanks for posting & taking your time to write here:D i guess that u are more of a technical player more than a fundamentalist.. im a newbie, so i dunno much about technical stuff & i feel more comfortable with being more fundamental, as i feel technical indicators can be interpreted wrongly by different ppl, and may not apply to pennies.. imho, i feel that technical is for short term & tells u when to enter, while fundamentals is better for longer term.. me not a trader, so i prefer to be fundamental.. the only related technical stuff for me is probably to buy low sell high lol..  this morning news, i saw that Jubilee SSH had dump quite a lot of shares.. seems like retailers are buying up 'cos of the run up.. if there's further upside in price or probable news, i dont think SSH will throw away the shares at this time.. so those poor retailers got lure to buy & SSH is happy to sell to them.. i feel that jubilee is dangerous.. for dukang, im neutral & have no comments on it..  for those WE, Ntegrator & magnus, i feel their fundamentals are bad and rise base on speculation & rumors.. that's why i shun them away even though the price run up.. im not that funky & risk taker enough to play with them lol.. so i took quite a while to finally decide to buy contel.. in your question to ask why buy stock that hits new high, it's kinda contradicting with your buying of ISDN.. if im not wrong, when u buy up at 25cents, it's already hitting new highs.. i guess u are buying it base on fundamental & believe that there will be news to fuel the price run up.. so in a way, it's kinda similar situation to contel.. however, contel fundamentals is much more lousy than ISDN though, and it is heavily depending on RTO success to keep price up, so if RTO fails, it could crash, so in a way it s risky.. while for ISDN, it will still be business as usual even w/o those news.. that's also why im waiting to sell it soon.. i just a bit regret that i did not sell when it open at 10cents, as i took the risk & thought that ppl will be buying in furiously on positive RTO news.. if RTO is successful, in short term, i probably will exit depending this few days if there's any more news & the results of AGM, and after the US debt issue, i could return to hold it a bit..  regarding dow, it had reached record high.. what goes up must be corrected sooner or later.. i see the US debt issue as a potential catalyst for dow to fall.. during 2011, there's a similar US debt issue, which caused a 20-30% correction.. so if US caused uncertainty to the world with similar problems, we could see history repeat itself.. if they manage to resolve it, it could continue to rise & will just form a bigger bubble, waiting to be tested again by the next crisis.. equities in dow i feel is quite hot, and we can see it by other assets such as gold falling, and funds transferring to dow to fuel the rise.. what happen in US will affect singapore.. in this 1mth or so, i probably will keep my equities low, and come back again once the tide is over..
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Stockcham
Elite |
20-Apr-2013 12:20
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Bro, I would partly agree with you regarding buying contel because of RTO. If you see potential in this stock with the RTO, it is better to buy once confirm since you are keeping for long term. What if it doesn't go through?. The losses will be significant. Buy on rumours and sell on news. Everyone knows about the RTO. it is no more consider news. Think this way. If Contel is so good, it would have run up instead of coming down. Everyone would have bought it and BBs will be the first one to load up as many as possible. I am not saying Contel definitely won't move. it's just that no point waiting for Contel to move because you will not know when. Why not focus on other good stocks first until you see light in the tunnel. For me, I am a short term trader. I gained my experience through losses about 20 years ago. I buy stocks which hit new high instead of buy stocks that drop a lot from their high. Since I am a trader, I don't care about fundamentals. I'm more concern on technical chart. I bought GSH, TTI, WE, Innopac when they hit new high. my recent purchase is ISDN when it was just $0.25. I went in and out of this stock until the first suspend. Of course, sometimes I may missed out on the first run up when it crossed its first high. But after the run up if it doesn't retrace a lot near to the price before the run up, I will buy when it starts to run again. Take stocks like Blumont for example. Do you think you will make money a few times by now while waitng for Contel to run?. Why buy stock that hit new high?. There is no resistance as a guage for people to sell. The sky is the limit. Take We Hldgs for example. Many bought at high price and are waiting to sell when the stocks moves up. Do you think it is easy to run up like last time?. When a stock runs up and break new high, there is a reason behind it. Either there is insider good news, someone trying to push it to a certain price or because the stock truly has good fundamental. Whatever these reason is, it is a good buy. It is a terrible mistake to buy to average a stock that keeps dropping thinking that it is very very cheap. I have mentioned Hafary previously. Now Dukang and Jubilee. Take note of these 3 stocks. If it doesn't retrace too much after the run up to hit new high, then they will run again. You don't have to believe me. Just see how it goes. I'm not a professional trader but someone who loss a lot of money and have learnt my lesson. I'm trying to share with you all so that you can make some kopi money. I cannot guarantee you sure run again but the chances is high. Let me say again. The retracement after the run up cannot be too much like WE and Magnus. If it do, then game over for this stock. I mentioned Citiyspring also. But last few days trading makes the chart looks unclear whether it is the end of the uptrend or building a base for another move upward. But since there is no drastic drop, the chance of moving up is higher. This stock move too slow. If you want to play contra, can'tmake much money at the moment. On WE, Ntegrator, Magnus and Contel, how many people loss money recently. Only the shortist makes. Many are hoping for We to run up to $0.15, so keep trying to buy WE. In the end, keep losing money. Even if it really will run up to $0.15, how long will it take?. The stock market is there and opportunity is there. We don't have so much time to keep waiting. Last but not least on DOW. Year after year when the market is moving up, people will worry about DOW to collapse. Based on my experience, the DOW will collapse when the market is too hot. Meaning makes money easily no matter which stock they buy. The recent retracement of DOW is good for the market so that the uptrend can continue. If we keeps worry of DOW, then no need to buy stocks. I would say if the market turns very hot, then that is the time to slowly cut your trading. For Singapore stock market, if you see the top volumn consist of many penny stocks which have a few hundred thousand lots traded volumn together with upward price for most of them, it is better to get out or keep less stocks. But I tell you, normally during this hot period, many people will buy many stocks because it seems any stock also move. Remember, if you have too many stocks during this time, it is too dangerous. If the market retreat, you will have no time to sell all because they will drop together very fast and all your profit made previously may be wipe out. Most important don't go in too early after the drastic drop unless you go in as shortist. Just sharing only. You don't have to worry that what I shared will affect the movement of the stock. I'm just a small trader and what I share won't affect Contel because the BBs control it. Good luck to all! | ||||
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9hly99
Member |
20-Apr-2013 11:55
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with RTO.  Contel issues shares to Yuuzoo...Contel should changed name to Yuuzoo.....because the business of Contel and Yuuzoo are difference,...with RTO...the focus will be on Yuuzoo core business...subsequent to the successful listing on SGX...Yuuzoo may seek US listing....    |
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commando
Veteran |
20-Apr-2013 11:09
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More to come? Up or down?? Will Contel changed name to yuuzoo? | ||||
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Huatahearnmoney
Senior |
20-Apr-2013 08:53
Yells: "Rich is ruthless, share the wealth ,share your insider news!" |
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Last monday trading halt mah... So we only see huge vol on tues. btw. This counter is very exciting. :) more to
Come lol
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terencee
Master |
20-Apr-2013 01:41
Yells: "I don't entertain trolls." |
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A very wise newbie :) I like you already.
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nqing87
Veteran |
20-Apr-2013 00:40
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lol bro, reason why ppl still on contel is 'cos of the RTO.. actually if not for RTO, i would never touch contel at all.. im cashing my profit soon once i find a good price.. this 4 pennies, 3 out of 4 are making losses and fundamentals arent that good.. jubilee already ran up, even much more than contel.. it's also making losses, so not much different from these 4 pennies.. unless got news to push it further.. this period of time is to be cautious and siam away from equities.. we have US debt issue coming up, and with DOW at record high, any negative news can be catalyst for correction.. buy low sell high.. buying jubilee & dukang that had been rising are therefore risky imho.. instead of telling ppl to buy or sell, perhaps will be better for newbies like me if u can elaborate on constructive reasons why to buy or sell, instead of saying smth that is hard to verify and think through..
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Stockcham
Elite |
19-Apr-2013 23:10
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Bros and sis, don't only focus on contel. Counters like Contel, WE, Negrator, Magnus already have their run up and are target of shortist. it is not easy to make money out of these counters.There are many good counters which can make good money. Look out for counters like Jubilee and Dukang where they broke their high. These kind of counter will run, rest and run again.  Just to share!  | ||||
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didisiaosiao
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19-Apr-2013 22:21
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Huh? Y?
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terencee
Master |
19-Apr-2013 22:11
Yells: "I don't entertain trolls." |
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There's no trading on monday
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9hly99
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19-Apr-2013 21:29
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the short sell volume has increased  from the previous day but lower than the normal 20 to 25 million....it is normal to have short sellers, it is just if it is worth to short sell now...the downside is capped.....   |
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