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Should I let go of my shares?
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rogue_trader
Master |
15-Jun-2006 14:03
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Galaxy65, Thanks for your comments and opinions. Think I still have a lot more to learn from charts. But currently do no have time to study charts in-depth. What I look for in charts is the line pattern or trend (I dunno what the technical terms the experts called it). But I normally don't look at charts when buying or selling a counter, maybe that is why I can't made the max. profits or min. losses. Which also explain why yesterday I collected some Sky Petrol at $0.30 again. I remembered someone from this forum told me to stay off this counter due to the charts, but impatient had got the better of me, so now praying hard and crossing fingers, hope this counter won't dives like Banyan Tree. I buy stocks based on a few conditions: 1) What the season is heading? e.g. I predict year 2006 is a property & energy "year". 2) Their management team is made up of who & who. 3) PE ratio to differentiate the "winner" among its peers. 4) Sometimes for contra playing, I will look out for which banks are playing what counters from confidential sources as mine is T+5, so I got some edge over some contra ppls. 5) Market share. These are the main things I will look out for, of course there will be other things like their debts management, assets and so on... but I dun want to flood this forum with my ignorant mind. Anyway, hope to be able to hear from all of you guys/gals out there again. Lets prosper together. |
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Galaxy65
Member |
14-Jun-2006 23:22
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rogue_trader, Well, I must say that the charts & TA are NOT perfect tools .... but if know how to use them .... you might benefit by knowing when to get out ... GV was trading quite heavily 1 or 2 weeks ago on 1-2 days after their CEO came to S'pore to give a talk (courtesy of SIAS Research) ... a lot of public & retail investors attended the talk ... and as a result the "crowd" started to get excited + the fact that the market is pretty quiet & the "pple inside" have to make a living ... there was heavy trading on 1-2 days (I think it's on 2 Jun 06) ... but if you look at the chart & T indicators there's nothing exciting about it on those few days ... in fact I saw the chart & was not even bothered about it ... not unless it can breach $0.15 or $0.16 ... these are the previous resistance levels ..... So unless the counter can clear these hurdles ... if you buy @ $0.13 or $0.14 on those days you might be throwing away good $$$$ Anyway, it's trading near or at its support of around $0.13 & $0.12 ... so if it holds ... then ok ... otherwise it may go further down ... Lastly, I don't think it's a good idea to average down .... I would rather cut my loss then to average down .... anyway, the choice is yours ..... |
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puntit
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14-Jun-2006 17:48
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Hi, Singaporegal, You are so right about things. There's lots of investors like Prettylisa. I bet there are plenty of market veterans who are stroking their chins and thinking of their own early investing days when they themselves were like Prettylisa too. So, take heart, Prettylisa, be assured that the market whacks everyone at the right time, without exception! It's the nature of things. Regards :) |
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rogue_trader
Master |
14-Jun-2006 17:15
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Just some clarifications: What I meant from my previous post is that one can't possibly "Buy the lowest, Sell the Highest" at all times. Cheers. |
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rogue_trader
Master |
14-Jun-2006 17:10
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A lots of people are saying that there is this current bear roaming around in SGX, so we won't possibly know what will be the lows n highs. Best if can average down when there are bears spotted as one will be "heart-pain" if they miss the boat. When share prices shot up, they will wait for no man. I remembered when I bought Global Voice at $0.07. 1st wave high went up to $0.09. Then dived down to low $0.05 in few weeks time. I was scared, but I collected some at $0.055. If I was not mistaken, some people from DBS pushed up this counter, touched high of $0.095. Sold some at $0.09. Then this counter shot up again, I offloaded all my remaining shares at $0.145. Imagine if I held it longer... $0.215. But the issue here is that one can't possibly "Buy Low, Sell High", and if there is anyone whom you know that can do that, I willing to be his/her apprentice. So whether bear or bull market, my feelings is to average up or down depending on whether is bear or bull running. So hopefully profits can be maximised, and losses be minimised. |
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dore1923moo002
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14-Jun-2006 16:53
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wow... so many "old" n experience birds giving advices... Totally agree with you guys/gers... Can anyone share with me or prettylisa... where can we find these charts, FA/TA and how to go about learning them? Pardon me, a newbie here :) Just learn the lesson from the HARD way... tot its time to do it smartly liao...;( |
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singaporegal
Supreme |
14-Jun-2006 16:44
Yells: "Female TA nut" |
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unfortunately, there are many people like prettylisa around. They are neither FA or TA practitioners... and mainly buy stocks when they hear "tips" from others. These tips might actually be good advise but because their investing psychology is not there, they dunno when to buy or sell the counter and end up losing money. To prettylisa - there are some forummers who are dishing out good advise here.. listen to them. Just treat this as a lesson to be learnt the hard way. |
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april4song
Member |
14-Jun-2006 15:12
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Hi Prettylisa.. if you do not make use of charts perhaps you could learn how to use them to help you to make decisions to buy or to sell. It is not fool-proof but to some extend it does give some indications. I started off the same way but now am a bit more confident as to when to sell and buy. |
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hikitty
Master |
14-Jun-2006 12:46
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Cheongwee is right. Unless Prettylisa's shares are now worth 10% of purchase prices, there's no need to sell them away. Contra long or contra short playing will benefit SGX or the dealers/remisiers. Worst, daily contra players will cause any stock to head further south! Teohkk's advice that shares are not collectibles is worth a million dollars. Don't put them in a safe to be carted away by a thief later, or sleep with them under your pillow case to be washed away by your washing machine when the pillow case is being washed because you forgot to take them out. Admire them if you wish, and if they become "burning hot" please don't take risk or u may get burnt by continuing to hold them.. Have a "benevolent heart". Throw them away (I mean take some profit) and let others take some as well. |
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cheongwee
Elite |
14-Jun-2006 11:57
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To prettylisa....if you do not need the money..hold..look at the market...always after the worst it headed for the next high...so y worry..look i just bought more of fung choi at 72 the 69.5 then 63...so!!!market are for those who have holding power..i meant can pick up and hold..no contra for now... wish you well..me a lady also but got a big man heart!!nothing to worry. |
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teohkk
Member |
13-Jun-2006 22:12
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Well. We have to differentiate the two extreme in stock market: Either we are a share collector or share investor! Never keep your share in a safe like stamp. Share is definately not a collectible item and never appreciate just because of the length of time we kept the share. Do a proactive investment homework and study for our portfolio frequently. If you think doing homework is difficult, than you shall not start investing at all in the first place. If we know the share price is going to drop further by following the trend, then why we shall keep the share when we can get back the same at a discounted price later? Feel free to comment on my view. |
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teeth53
Supreme |
13-Jun-2006 21:58
Yells: "don't learn through life, learn to grow with life " |
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Singtel share basically is a defensive stocks, good to hold for it dividend and till Oct2006 while SGX is more a punting stock for punters, hold till good time arrive when mkt recover and when this current uncertainty on interest rate hike is over, ppl now is quite to punt on SGX, think it over when to let go when x is right, U have all the time to let go when it come. |
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prettylisa
Member |
13-Jun-2006 18:31
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Hi hikitty and IreneL, thanks for your advice... I do not have a set method for buying and selling shares. I listen a lot to other people and somehow, I always lose money. Thanks again.. it makes be feel better to know that other people have the same problem and have gone through it before. |
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hikitty
Master |
13-Jun-2006 17:35
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Prettylisa, don't fret. If u had bought the "old" stocks at the peak b4 the crash in 1997 u may have to dump them if they have not recovered somewhat and start afresh. If u had bought the new stocks recently but not at their peak, u don't need to dump them unless u are in urgent need of the money or the companies are on the verge of collapse as they should recover in the not too distant future, definitely NOT seven years. I waited seven years for my 10 lots of Wing Tai shares to recover and made some money recently. If I had been greedy and waited to make more money, I would have lost as the share is now down to $1.45. |
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IreneL
Senior |
13-Jun-2006 16:36
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Hi prettylisa Dont fret over yr losses. I've had several misses and cannot remember how much I've lost but I've also made some $$. Each time I lost, I analysed and realised either I was a baby-sitter, too greedy, not in Singapore to monitor/forgot to call broker when away, indecisive and impatient (my worst enemy) and have lost $$ because of my impatience. So if you are able to sit down and reflect what went wrong, you are half-way into making some money. As to when to sell, when the share price has gone up to about 20-25% of yr purchase price, its a good thing to sell. Also what rogue-trader said in his 8 June (13.56) piece is true - serious traders must "follow" their quary like a "shadow". Rgds |
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prettylisa
Member |
13-Jun-2006 16:06
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I should have sold my shares last week when it rebound. I have a bad habit ... I dunno when to sell my shares. Right now, I am looking at a net loss of 30 to 40%... Feel really depressed now. |
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singaporegal
Supreme |
12-Jun-2006 17:24
Yells: "Female TA nut" |
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Hi rouge_trader, Haha... I understnad your problems with your brokers! There was a study once that said that if 70% of the "experts" recommend that you to do something, and if you do the exact opposite of it, there's a higher possibility that you make money! |
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teeth53
Supreme |
11-Jun-2006 14:37
Yells: "don't learn through life, learn to grow with life " |
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What own today is what we can do as much, for today bear mkt. All expectation got to be lower by a gear or two, sign today indicated FED chief is try his best to enlist his deputy to better manage communicate policy issue to stablize the DOW, instead of spooking world mkt. In Bull mkt like wise, all expectation is up, so what own today can double tomorro, esp stocks that has good strong business model w/attractive PE ratio. |
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teeth53
Supreme |
09-Jun-2006 21:11
Yells: "don't learn through life, learn to grow with life " |
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Very difficult to say sell/buy or hold when mkt is moving very second, can oni guage what went wrong after dust is settled. Following mkt force is like jumping into a band wagon. Yah... banker always win, but not bank hohh.. |
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rogue_trader
Master |
08-Jun-2006 13:56
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Following market forces is mainly for contra players. Like when BNP was buying MFS at $0.505 last year, I was one of their followers and make few kopi dollars when I exited at $0.575. ST Assembly I followed Merryn Lynch like a shadow and manage to earn some ciggie $$ too. But if talking about long term investing, sometimes follow market forces might results in hugh losses. What if those big boys just want to "force high, sell high"? Finished a book on Sun Tze on "The Art of Investing" last year. In this book, they had mentioned People Foods, and I been monitoring this counter. Can earn good money if enter at correct pricing during different "seasons". I don't quite believe when my brokers recommend me this and that as 7 out of 10 times, they give wrong judgement and remember, no matter one win or lose, their brokers still earn $$. But in this forum, I don't know who are the brokers out there but no offense pls. I just a person who likes to dabble in stocks and read widely. So if can, let "hoot tua tua" together, cheers! |
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