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Should I Sell?
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Galaxy65
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18-Jun-2006 17:51
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Hi IreneL, I was reading you previous postings on ATiger dtd 21/5 ? You mentioned that you bought it @ 0.265 (last mth ie Apr 06 ?). Just trying figure out .... did you sell it ... or r u still holding on to it ? In the 1st place, I'm curious as to why you decide to buy it .... ? Any specific reason for buying this counter ? When you buy a counter ... you must have made some calculations, decision(s) & conclusion(s) .... on its future price or potentials .... This may be based on assumptions/conclusions that you make or received (from others - eg brokers, friends, reports or tips) ...... So before you trade or buy the shares take some time to know the stock B4 you buy it .... don't jump in right away B4 you do your trade, coz if you do.... things can go wrong & you need to get out fast ..... So the Q is, do you have a STRATEGY or "RADAR" to guide you through "troubled waters" ?? If not, then it's a good idea to get one or find one B4 you trade or invest in any of these counters.... Otherwise, if your trade or investment goes wrong, you have to bail yourself out quickly..... well, asking for help from this forum is one way .... however, knowing how to do it yourself is far better than asking pple here.... Don't get me wrong, I believe there are pple here who can offer you some help .... but in the long run .... you need to do it yourself .... our styles & strategies may not be suitable or are the same as yours..... or sometimes by the time we see your postings the price may have gone down a lot & your losses may be too great to even contemplate an exit...... or sometimes you get different answers from different pple ? then should you sell, hold or wait ?.. |
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Galaxy65
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18-Jun-2006 17:10
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Hi IreneL, I just came back from a v. short holiday from W M'sia .... Genting & KL (no ... no gambling in casinos for me). I'd rather buy shares than to gamlbe in casinos (up to now at least .... never know how it'll be when our IRs are ready ... h'mm......) As my batteries are running low .... let me charge up & I'll reply to your Qs later tonight or tomorrow (at the latest) .... Anyway, glad to know that you find my views/opinions useful .... there may be others who disagree with me .... well, it doesn't matter to me ... afterall, this forum is for us to express our views or opinions .... So long as we're sincere & have no "ulterior motive" it doesn't matter what others feel ..... of course, we must be considerate at same time too .... |
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teeth53
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16-Jun-2006 08:26
Yells: "don't learn through life, learn to grow with life " |
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Selling ?? at least not today, very +ve signal from DOW SEE link: Major gauges surge, tripping trading circuit breakers, after Bernanke speech eases inflation jitters; Dow finishes above 11,000. |
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teeth53
Supreme |
15-Jun-2006 21:54
Yells: "don't learn through life, learn to grow with life " |
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Should I said good time to off load stocks that is bot today, yesterday and even last week, for I am sure many will do so be co's of uncertainty, dow this day often shown us one day up, next day down, Din dong, Din dong every day, like that everyday, siow liao, tat boleh tahan. |
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IreneL
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15-Jun-2006 20:27
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Hi Galaxy65 Thanks very much for your thoughts/advices. Its been very enlightening.Appreciate your taking the time to teach newbies like me and others reading this page. Looks like I will have to read less of my law reports and more of the books you have recommended (shall start with "Fire Your Stock Analyst! Amazing Stocks On Your Own"). By the way, what are MA (Displaced), MACD, Stochastics, Bollinger Band? Again many thanks. |
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Nostradamus
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15-Jun-2006 10:48
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A paper loss is still a loss. Just because you didn't sell (realise), doesn't mean you don't lose money. To be successful, you have to get rid of this mentality. Everybody makes mistakes. If you made a mistake in buying, be bold in cutting loss early. As a general rule, it's about 8% from your purchase price. Don't be emotional in holding on to the stock because you want to recover most of your losses. If it's a lousy stock, it may take a long, long time or maybe never. If you bought at the height of the dot-com boom in 2000, prices still have not recovered to those levels 6 years later and may not do so by 2012. You can read research reports, but you still need to do your homework. Look at the charts before you buy. If a stock has run up, don't chase it. By that time, it may start falling. Greed has caused investors to buy high and also have sky-high price targets. If they had taken profit, they wouldn't have much reduced profits or be saddled with huge losses. |
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Livermore
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14-Jun-2006 23:37
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Don't always think that paper loss is not realised loss and keep holding on to it. I think of paper loss as "real loss". If you sell stock A and use the capital from the sale of stock A and buy stock B, it is not a "loss". You lose the brokerage fee but you merely transferred the money from A to B. If a stock is not doing, it is worth considering selling quickly and buying something else that is better |
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Galaxy65
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14-Jun-2006 23:26
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Hi IreneL, In my earlier replies to your query & in the other topics raised by others I mentioned that we should develop our own style or strategies .... some people use TA & some use FA ... My preference for trading (ie short & medium term) is to use TA. That does not mean I don't use FA. It depends on my objectives .... for long term investments I use fundamentals to evaluate the counters that I'm interested in. Well actually, I leverage on the expertise of broking houses & their analysts to "do all the hard work" for me. I read up their reports (which I received fm confidential sources) & at the same time I also attend seminars & presentations (SGX is one place to start) given by broking houses or fund houses ... & if you're lucky you may find 1 or 2 senior executives from broking houses who "indirectly" hint to you to take a good look or pay attention to 1 or 2 counters (or may be a no. of counters). Well, these are the "tips" that we are talking about .... do more research on them ... and if you think the counters are promising - monitor them & buy them .... A good book to read - " Fire Your Stock Analyst! Analyzing Stocks On Your Own" by Harry Domash. (Publ - Prentice Hall) $35.65 from Times Bookstore. I hope I don't upset any analyst(s) ..... my apologies ...... You can alos sign up as a Times card holder & get 10% discount ... I've not finished reading the book ... but in my opinion the book is worth its weight in gold ... if you can master say 60% of what is written in the book I think your stock analyst cannot "tann chiak" or "bluff you" already .... eg don't just look @ PE at face value ..... learn how it's calculated or derived at .... For trading counters (short & medium term), I use TAs, chartings & wherever possible Fibonacci Nos. & Elliot Wave. For the last 2 items, it's easier if you have softwares to do it for you. Don't bother @ the last two if you're not familiiar with them. As it is, I may already have created some future "debates" over which TA strategies to use. So let me clarify by saying this ... each of us has our own method(s)/strategies. My method is not necessarily better or superior than others....... Even for TAs, some use MA (Displaced), MACD, Stochastics, Trading Volume, Day Opening/Closing Hi/Lo, RSI, Bollinger Band, Trendlines, Chart Patterns etc etc .... I use only a few for my analysis - MACD, volume, MA (Displaced) & a software (CQ Integra - it's up to you to choose which software you want) which I subscribed to (annual fee 1st year is @ $900/-; 2nd year is @ $600/-). To me, the price of the trading tool is worth every cent that I pay .... Of course, I attended trading workshops & seminars .... if you put in enough effort + if you're passionate about what you're doing..... anything is POSSIBLE .... I think some of the forumers here have far more yrs of trading experience than me ... but I'm happy to say .. my trading "skills & results" so far has not let me down .... I can't speak for others & neither do I want to do so ..... Other "qualities" that you need is to work hard, practise your strategies/trades (back-testing) ... with a software this is possible ... until you're pretty confident of your abilities ... along the way you're bound to make some mistakes ... hopefully they don't cost you dearly .... fine-tune & make changes to improve on your trading strategies/techniques until you get it RIGHT ..... do some paper trades & see the results ... it's safer this way ... don't worry or get excited about others making lots of money ... Hey, trading in stocks/shares has been around since the early 1900s .. there are still plenty of opportunities ... my only concern is that I can't do all the trade that I want ... must have very deep pocket like Oei H L ...... My recommendation on TA books :- (1) Technical Analysis For The Rest of Us - Clifford Pistolese (Times $41.95) Easy to read & understand ... (2) Getting Started in Chart Patterns - Thomas Bulkowski (Times $38.80) (3) Martin Pringle - author, I think he wrote a few books on TAs .... I find it a bit "heavy going" coz you've to read it slowly .... no time lah .... maybe some other day when I'm more free. I've also jotted down a list of books on TA which I intend to get my hands on later. Of course ... we should not forget the many pple we have contributed in this forum - their time, articles & ideas/strategies on trading .... we must thank them for their contributions & sharing ... By the way, I'm also learing from others in this forum - good things must share .... right !! Other ideas - sign up with SIAS & SIAS Reasearch ... very cheap ... $120+ for both I think ... get a report from SIAS Research every day on market summary + others ... can also attend free seminars & presentations I attended one recently & CEO of Global Voice gave a ptresentation on his co. Of course he's bullish & optimistic ... guess what the next trading day the volume traded was very, very high ... However, I think the price didn't move much still around $0.13-0.14 I think ... I didn't buy coz my chart & indicators say it's NOT going up yet ... so stay put ... don't trade the counter .... |
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teeth53
Supreme |
14-Jun-2006 21:57
Yells: "don't learn through life, learn to grow with life " |
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Usually sell to make some profit, in this case sell to cut lost, however if one have some spare $$$, can buy within your mean, cheap can be cheaper even in a down turn. One thing to watch out if stock that trade almost daily with high volume but now it goes to a low volume, then look at it attractive PE ratio, it pay out dividends (in case stock get stuck) and oso don buy on news that is oredi out on paper. That is time for seller to unload it shares that they has bot sometimes back. So those who bot on d high can easy to get stuck buying on sentiments stories. |
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IreneL
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14-Jun-2006 17:48
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Hi Galaxy65 Thanks very much for your thoughts. Greatly appreciate it. I've shared with prettylisa (Should I sell off my shares) my experiences which resulted in several losses. You may therefore say I'm a newbie when it comes to investing, an even newer newbie to this ShareJunction website. Would you share some of your trading strategies, tools/methods? Many thanks/Regards |
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Galaxy65
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14-Jun-2006 01:53
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Hi IreneL, I've learnt thru' some hard-earned lessons from very "wise & knowledgeable" traders some basic trading strategies :- (1) To be able to find the opportunites (whatever your tools or methods - most pple know where to find these) (2) Manage your risks (risk vs reward) (3) Before you even start your trade you MUST have your TRADING PLAN or STRATEGIES .... ie (a) At what price would you enter the market ? (b) At what price would you exit the market ? (c) What is your stop loss (price) ? .... If you can consistently apply the a/m ... you're on your way to trading success (believe me you would) ....... Oh yes, there would be others who may argue that this may not be true .... I would definitely like to hear their views .... there may be something that I could learn from them .... The a/m sounds simple but yet many of us fail to follow or observe them - hence the many losses that we hear so soften ..... esp. from retail investors ..... Of course to apply the a/m properly, you must have some sound knowledge of "trading strategies" .... different pple use different strategies .... what do you prefer .... ? Only you can decide what is best for your style or risk appetite & objective .... Take time to learn & acquire some knowledge & skills ... There are quite a no. of suggestions given in this forum ... talk to pple & find out more B4 you spend unnecessary $$$ on courses or softwares .... Good luck & may you have more success in your future trades .... |
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singaporegal
Supreme |
07-Jun-2006 21:35
Yells: "Female TA nut" |
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Nostradamus is right... always cut your losses. Never blindly hold on to a stock hoping that it will go up again. Refer to this excellent thread "When to Sell" by many of ShareJunction's forumers - http://www.sharejunction.com/sharejunction/listMessage.htm?topicId=527 |
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Nostradamus
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07-Jun-2006 19:21
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Hi IreneL, The price shot up because it was the bull market. But it's the bear you're seeing now. The price is going to be lower than $0.115. The longer you hold, the bigger your losses. Your friend's loss is more because he bought more. Aztech and AsiaTiger both lost more than 50% in price. Don't let your emotions rule. Don't hold on to a lousy stock. |
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IreneL
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07-Jun-2006 17:31
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Hi Nostradamus In theory I should have sold out. However the price has been ding-donging btwn 0.12/0.13. Also from past experiences (numerous times), after selling, their respective prices shoots up for one reason or another! Its a paper loss of some $2500/- or thereabout right now, compare to a friend's Aztech's loss of $30,000/-. |
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Nostradamus
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01-Jun-2006 13:03
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Hi IreneL, You should have cut your losses as soon as you read the post from singaporegal. Can't understand why people would still hold when they suffer more than 50% losses. |
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Nostradamus
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01-Jun-2006 12:59
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As expected, it rebounded from $0.115 to $0.13. |
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IreneL
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31-May-2006 18:40
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Hi Hopefully it would rebound to a permissble price level so at least I could recoup my cost. Just dont wish to face similar problem as Ultro Tech where the stock is now useless at 0.6 when I paid 0.68 then. Regards |
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Nostradamus
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31-May-2006 18:31
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After being pumped to $0.27, it was dumped to $0.115. This level is a 1-year low. Rebound may occur from here. |
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IreneL
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31-May-2006 18:21
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Hi Many thanks for your advice/links. Looks like I'll have to wait till end of 2006 for positive results. Regards |
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singaporegal
Supreme |
21-May-2006 19:49
Yells: "Female TA nut" |
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Hi IreneL, There was a previous thread on AsiaTiger. See this link - Link to previous thread A good discussion by some ShareJunction members. |
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