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Time due to run up penny stocks. Blues have theirs

Cheap thrill ones, Chartered Semicon. If u caught it lately, then today sell in strgth, pre-celebration for CNY liao. Shorting this burger when it reaches high today, u decide liao.

Though TSMC n UMC, both interested on taking over this burger, with buying px of 30 cts, but dun be too overwhelming on the final decision made, likely after market closes today. If there is no deal, then happen u buy high, u may not be spared next Mon. Just be careful loh.

 

 

I noticed that today Armstrong n HiP moving up. I guess this are good companies. Would anyone advise to start collect these? or is it too high now?

 

Depends on which ones you play and how you play

tanglinboy      ( Date: 07-Jan-2009 22:01) Posted: Everytime I play penny stock, I get slaughtered.

 

Ha ha, be it a white cat or black one, as far as it can catch d rat, it is a good cat. Former Premier Teng said one, dun know true or not?

 

Because penny stocks can get one very emotional and excited. One tends to forget all the trading rules when in it,esp after making some rounds... Sound familiar?? Like in Genting ...LOL (just a joke).

Be careful with pennies... stick to blue chips. Just an advice.

tanglinboy      ( Date: 07-Jan-2009 22:01) Posted: Everytime I play penny stock, I get slaughtered.

 

Be careful with penny stocks. That's why they are called penny!
One mistake can wipe away all our profits. Just an advice only.

 

tml you will see some salted fish come alive like chartered .

 

methinks potential rally coming around soon again that takes everyone by surprise...something might be brewing :)

 

Penny stocks tend to be the last type of stocks to recover.

 

Blogging at moneytalk.sg on the stock market, ETF and anything to do with money. 

 

Time for penny to fly as you can see Chartered fly so high !!

 

Share a tip. For some stocks you can know where is the resisatance level from chart. Let's say it is 80c. You can try to queue to sell during market run up at say 1c lower at 79c. If it hit 79c and then go lower, well that would be good. If it you sell at 79c and then it go above 79c, you buy always back at higher price. Watch carefully that in bear marekt breaking past resistance sometomes does not really mean good buy. Many times, after breaking past resistance, the price corrects. This has happened a few times to many counters. Go and observe carefully.

 

I also like to buy during accumulation/consolidation phase

crimson      ( Date: 08-Jan-2009 11:16) Posted: iPunter, do you mean the stage 1 consolidation phase? Any advise when looking out for this pattern, what are the volumn level to look for, cos lots of counter are pretty much not moving in price... so think the only tell tale sign is the volumn right? correct if i'm wrong. Any expert advise please cathylmg      ( Date: 08-Jan-2009 09:32) Posted: When you kind explain a little bit more about 'floor' accumulation pattern

 

iPunter, do you mean the stage 1 consolidation phase?

Any advise when looking out for this pattern, what are the volumn level to look for, cos lots of counter are pretty much not moving in price... so think the only tell tale sign is the volumn right? correct if i'm wrong. Any expert advise please

cathylmg      ( Date: 08-Jan-2009 09:32) Posted: When you kind explain a little bit more about 'floor' accumulation pattern? iPunter      ( Date: 07-Jan-2009 22:50) Posted: This is because of buying when the stock has started to move up... One should have bought before the stock starts to move up.. ie. watch for a 'floor' accumulation pattern...

 

How do you actually look out for a floor accumulation pattern ?

 

Blogging at moneytalk.sg on the stock market, ETF and anything to do with money. 

iPunter      ( Date: 07-Jan-2009 22:50) Posted: This is because of buying when the stock has started to move up... One should have bought before the stock starts to move up.. ie. watch for a 'floor' accumulation pattern...

 

When you kind explain a little bit more about 'floor' accumulation pattern?

iPunter      ( Date: 07-Jan-2009 22:50) Posted: This is because of buying when the stock has started to move up... One should have bought before the stock starts to move up.. ie. watch for a 'floor' accumulation pattern...

 

Jangan tension, if u acc good penny stocks last mth or a mth before. Your fingers will still intact liao. No burn mark ones. 

tanglinboy      ( Date: 07-Jan-2009 22:01) Posted: Everytime I play penny stock, I get slaughtered.

 

This is because of buying when the stock has started to move up...

One should have bought before the stock starts to move up..
ie. watch for a 'floor' accumulation pattern...    

 

Everytime I play penny stock, I get slaughtered.

 

under accumulation, ie with narrow lateral price trading for some time. 

These will most likely be ramped up soon enough...  

 

Quite a few penny stocks already seeing high volumn these few days... dun know which one exactly to enter...