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Agreed. This is the best time to learn - it's not everyday that we see so much market dynamics (especially fear, 'blood-in-the-streets" syndrome).
In a bull mkt, ppl tend to ignore the need for fundamental trading skills... they just buy and gamble on a rise. But when markets collapse, they don't really know what to do and just ask questions like "is it still ok to hold/buy more etc".
idesa168 ( Date: 08-Oct-2008 17:45) Posted:
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After watching all these financial fiasco. Realised that you are quite "zhun" and also giving good advices on hindsight. Must learn from you all sifus. Indeed, good to stay offline for a while until the dust is clear. But also market is quite bottom. Not sure myself.
idesa168 ( Date: 08-Oct-2008 17:45) Posted:
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Hi,
Never try to guess the highs and lows of a counter. It's nearly impossible to do so. Also, don't go long on a counter that is on a downtrend.
learning ( Date: 08-Oct-2008 14:49) Posted:
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thanks for the reply idesa168! Greatly appreciated
i foresee further dips today!
Good time to learn about stock mkt this time...but not a good time to take new position. Observe a little while more and learn about the mkt force before making a decision to participate or not! My advice: STAY OUT! for the time being.
dont have very much knowldege abt stocks in general but i've been observing the high & lows of this counter for awhile.
5.41 seems like quite an ok time to enter, any advice?