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The cut loss methods i learnt from this forum make a lot of sense but i am still unable to put them to practice. When price drops, i find price attractive to buy more. If price drops further, i will think it should pick up soon.
But Nostradamus advised to cut loss to a comfortable level. That, i am able to do. i sold to get back some cash & hold on to those that i am ready to lose. The pain is much reduced & i won't "bang the wall" if price starts to pick up ..
Hey Bistrio,
You should have put a stop loss at around $1.5. Never hold on to a stock waiting for it to rise again. Lots of needless heart ache.
You should have put a stop loss at around $1.5. Never hold on to a stock waiting for it to rise again. Lots of needless heart ache.
Could like to share my investment of what i have bought. Bought about 52 lots at the price of $1.57 about 2 and a half year ago. Till now still holding but wonder when will the sunshine come again. Been waiting and waiting and waiting...........................................................
No official upgrade for StatschP but its shares is doing great today due to semicon upgrade - up 3% .... Shiok!
Hi elizlow and lowpeckkiyau,
I also bought STATS at average of $2.25 and cut loss & sold at 1.19 1/2 years ago.
We are all in the same boat - bought shares during the dot com time based on "hear say". I am still holding on to Lian Beng, Chip Eng Seng, PSC , Twinwood, Freight Link etc - bought at prices ranging from 45 to 65 cents ! I am also going to heed our Gurus' and Veterans' advice ie cut loss. Better put the money into better performing stocks and learn to trade base on FA and TA......
Many thanks to all our Gurus and Veterans - nostradamus, Singaporegal, teeth53, bsiong, scotty (just to name a few)... whom have given us alot of sound advice. Cheers !
I am in the same boat as I bought 1 lot at $4.00 during the dot com boom, including many more dead stocks using my hard earned CPF and cash.Will review my current stock portfolios and cut loss accordingly. Many thanks to founder of Sharejunction for setting this site and all the kind gurus for their help and good advice. God bless.
thanks for the advice and encourgagement from dear Veteran gurus... Will look into my portfolio to sieve out those stocks that collect dust. will wait for next 6 months to get rid of Statschp at $1.40, at least get back at least 30% capital though lost 70% (abt $7,500) that's a big sum of money saved over the years.... sigh!
Hi lowpeckkiyau, be comforted to know that there are many of us still held on to stocks bought many years ago with our CPF funds and is still having paper loss. Some companies are worth holding on but some companies will have to be written off based on their performance. The only stock worth holding on for me in my portfolio is Capitaland and Comfort Delgro...sigh..
Hi lowpeckkiyau,
My advice to you is the same as that for patseow8 under the Chartered thread titltled "Chartered Q2 views".
Hi lowpeckkiyau,
The trend for StatschP is a little unclear now. Hard for me to tell the signals. However, a word of advice. You should implement some stop-loss rule for yourself. My own rule is this - the moment the stock drops 2-3% of its value from it last price peak, I will immediate let it go.
You should think about what you want to do with this investment. To hold on or to sell.... think about it this way, if you hold on to it, you could lose the opportunity to make more money using whats left of your investment.
The trend for StatschP is a little unclear now. Hard for me to tell the signals. However, a word of advice. You should implement some stop-loss rule for yourself. My own rule is this - the moment the stock drops 2-3% of its value from it last price peak, I will immediate let it go.
You should think about what you want to do with this investment. To hold on or to sell.... think about it this way, if you hold on to it, you could lose the opportunity to make more money using whats left of your investment.
StatschP is not going to smell 5 bucks for a long long time again .... Sorry to say that cos you got them during the Year 2000 dot com boom.
Try waiting till Jan '07 to see how well its performs - about 1.50 (my guess) before letting go. It closed at only 0.91 today. You have held the stock for 6 years, why not wait another 5 months to reduce your loss? Market is slow now.
Any comments from you guys out there on this for our friend lowpeckkiyau?
Bought 2000 StatSchP at more than $5 per 1000. Still holding on to it. Do not know what to do? My $10k INVESTMENT HAS now TURNED IN TO 10% value only. I need to learn how to cut loss after joining sharejunction. Could someoned advise me what I shoujld do.
Still not out of the wood, need to wait further.
It closed 4.67% up in Nasdaq last nite ....
StatsChp shares up 5% in Nasdaq now ....
Sorry some missing words....... "using TA & FA may perhaps help you filter out the better ones from those that are weak....."
I think if we take into acount that US tech co & tech industry are facing are some "negative pressures" over the coming months..... plus the fact that housing nos, consumer spending is showing some signs of "slowing down" & there is also inflationary pressure, oil & Iran beating their chest..... Isreal fighting in Lebanon (it's not going to be a week....) Al Queda givnig warning that it's not going to sit still & watching..... well, pretty explosive mixture of cocktail..... all you need is a little spark to blow everything sky high..... However, if everything is contained & under control for the next few weeks.... well, maybe things will turn out for the better.... I hope so...
So my view for companies with some negative market sentiments.... avoid them & look for better opportunites elsewhere..... Healthcare, financials, consumer staples, maybe those that are more defensive ones in nature..... using TA & FA may perhaps you to filter out the better ones from those that are weak.....
Live data on Nasdaq.
Capex for the first 6 months was US$245.3m, which is much larger than estimated operating cash inflow of around US$170m. This means that it continues to consume shareholder value instead of generating returns for shareholders. Stats is going to burn cash for the 10th year in a row this year, and has so far not paid any dividend.
Q3 is usually stronger than Q2 due to seasonal factors, so the 2-7% drop in revenue is very bad news. This is especially since Stats has been adding capacity aggresively. Hence the need to lay off workers.
Net gearing is now 57% and more borrowings ian't a good sign. If it goes back to making losses, there will be pressure to write off most of the remaining goodwill of US$607.6m on its balance sheet, sending net gearing up to over 100%.