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Stockcham
Elite |
12-Oct-2013 19:24
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Bro muifan, I don't know about the comms thing le. They are big players and I believe they should have special comms rate. I didn't watch Mirach, so can't figure out. From my understanding there are more than 1 operator the last time. Huat ah! |
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muifan
Master |
12-Oct-2013 19:01
Yells: "Take the leap of faith dont regret 20 years later!" |
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Thanks bro on your point of bb throw to themselves to force the price down to force retailers out... Now I start to understand that might have happen to mirach at fri ending last hour ... At first thought i thought was 2 bb fighting... Now after what you say might have another scenario..., but my question is if they throw big lots to themselves... Will they be losing big comms?
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Stockcham
Elite |
12-Oct-2013 18:41
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Bro whiteluggage, thanks for sharing your view. Hope to see that more often.
You raised up a very important point. That is when a stock gap up and close below opening price. In my opinion, it will depend on how much it drop from the opening price. If it doesn't drop too much(see CCM chart as example), I think it is ok after the stock move up quite a bit the previous day. If it drop too much from the opening price compared to the previous day gain, then no good and it is good to sell as you mentioned. For EMS, the drop is more and close day low. If I didn't see the movement, I would say this is no good. I'm still holding and didn't not cut because of a few reasons below.
1) Yes, it closed at day low and below opening. But from the chart you can still see that the day low and high is getting higher for 4 consecutive day. That will mean that there is a possibility that the uptrend is still intact. Only have to confirm again in the next trading day. So Monday have to move up preferably with higher day low and high.
2) In the morning, I can see that the BBs eat up 69 and 70 in big lots. I would say they are buying. I looked closely at the last hour sell down. It was fast after 67 gave way. After 67 gone, 66 was also gone in less than a minute. This is not normal sell orders under no special bad news. The question here is who are the big buyers at 66 & 67. I believe the BBs sold it down(sell to themselves) to force contra players to throw lower. Don't forget that Friday was T+5 for 80mil traded lots done. Sometimes BBs will press the price down just like how they press CCM to close day low of 171 three weeks ago, and it chiong the next day. On Friday, Ace Achieve BBs also keep pressing the price down all the way to 50. We shall see whether it recover in 1-2 days time.
Anyway, these are just my thoughts only. I may be wrong. Since it closed lower than opening price by more pips and closed at day low, it is better to be careful and cut when necessary. I see some support at 62. I will cut if I think it cannot close at min. 62.
Good Luck and huat ah!
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Stockcham
Elite |
12-Oct-2013 17:28
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No problem Bro! You see I also post lesser now and may one day go  MIA too....lol. Meanwhile,  welcome you to come here  chat chat anytime. All the best hah! Huat ah!
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spss1955
Senior |
12-Oct-2013 15:54
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Ok, all's forgiven. My late father used to say wtf also. His was " what the fish" though my siblings and I knew what he really meant to say, haha.
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spss1955
Senior |
12-Oct-2013 15:49
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Bro, my new trades are doing much better, thank goodness! But I still got lots of dinosaurs that keeping my BP high.  Just wait until they awake, even if it takes a long time. 
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Simpsons
Veteran |
12-Oct-2013 15:44
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Yes!! Once a ASACDF always a ASACDF..
When we launched on 18th Aug..we were 50 strong..when we gathered for our 1st AGM on 18th Sep..we had 28 members attended.. No one will be left behind as we have many good yuefeis and mulans to watch over us..kum siah and huat!!
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vincente
Senior |
12-Oct-2013 15:36
Yells: "hope for the best" |
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Bro LJ,do what you feel good and you do not need to be accountable to anyone or lose face for that matter if yr investment did not turn out as planned..Do not be coaxed into play small small or pressurized to stay and trade some more.I think that is a bad advice.It is a personnal decision that you can make yourself.We must not  treat the stock market as another kind of Las Vegas.As long as you are SJ members you can post in any thread.
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whiteluggage
Senior |
12-Oct-2013 15:31
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i was around for a long time already. only kept quiet. ok, my wtf is actually what the freak. yes, i am sure bro Simpson meant it in a good way.   i was interested in ems so i will want to share my view. As long as a stock gap up and close below opening, I will always sell. More often I find that the stock will go through more selling. You can view more examples in charts and realise that even if the next day it close green, there will a few more days of down. Sector strength will help it to recover more.   It might or might not recover. From what I read of the price action, if there is a bounce on monday there will still be a retest of 54. The selling was kinda strong.   Futhermore the opening 10min was 16mil. Such high vol and it cant absorb the sellers. Something not right eh? When it broke 67, i would have sold and the next support to me is 60. break that then its maybe its 51.    
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wendel
Master |
12-Oct-2013 15:21
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Lolz...bro...hw many ctr u holding arh? Tot u doing well? The scope can only c what ur neighbours r doing but can't see what ur neighbours r thinking leh...haha.
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spss1955
Senior |
12-Oct-2013 15:14
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Bro Wendel, Can borrow your digiscope? Need it to help me see my counters more clearly lei. BBs keep pushing  them further and further away from me... haha.
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librajet
Elite |
12-Oct-2013 15:05
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Haha bro, see birds in nature Ho liao, but I still prefer fishing and kiu jackpot, more relax.
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Luna69
Senior |
12-Oct-2013 15:00
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Cheers n well said ! Hope all here continue to keep Money rolling in n stay spirited against mr Market ! Huat ar !!!
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hellogoodbye
Member |
12-Oct-2013 14:44
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Can look at cogent. Bb hungry one mouth snap up abt 8k lots at 0.205. Dyodd | ||||
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wendel
Master |
12-Oct-2013 14:44
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Bro librajet...I'll lend u my digiscope + digicam...go to nature reserves n take nice picture of birds without coming close to it....somedays if birds become boring...can consider your neighbours....distance max of 2100m.
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GorgeousOng
Elite |
12-Oct-2013 14:40
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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YES!!! Together we Huat Tua Tua!!! This the spirit of ASACDF men!!!! No one can kacau us ok!!!! 💪 💪 💪 💪 💪 💪
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Simpsons
Veteran |
12-Oct-2013 14:37
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Lol..old and burnt liao..and also all the yuefeis..kum siah and huat!! | ||||
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sugeee
Veteran |
12-Oct-2013 14:36
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Sifu and mulans, aiyoh you forgot brothers. Tsk Tsk Tsk Old man already. BUT we love you so you are forgiven. Brothers right ???
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sugeee
Veteran |
12-Oct-2013 14:33
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MULANS UNITE!!!!!  
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Simpsons
Veteran |
12-Oct-2013 14:28
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It's good to see so many sifu and mulans back..huat!! | ||||
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