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Let it be, let it be, just paper loss only!
rickytan ( Date: 31-Oct-2006 15:38) Posted:
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Amitabha . . . . . . . . it shows sign of bottomed out soon!
stockie ( Date: 31-Oct-2006 16:40) Posted:
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Beware, it is bottom out @ Sgd. 0.065 I suppose! I keep buying as much as I could afford.
rickytan ( Date: 31-Oct-2006 15:38) Posted:
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Yes, buy in low and sell out high at today buying price Sgd. 0.065 or 0.07 and selling price at >250% next year > Sgd. 0.18 most likely could easily be achieved! CAVEAT EMPTOR.
stockie ( Date: 31-Oct-2006 16:40) Posted:
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It is different story now. Strong recovery is on the card, so upward price movement will follow suit!
YenYen ( Date: 31-Oct-2006 11:36) Posted:
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Huh! Today no trading volume........ Does the price reaching its bottom?
Hulumas ( Date: 31-May-2010 19:51) Posted:
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Fantastic super under value to buy at Sgd. 0.065. Ha. ha.. ha... I keep buying!
stockie ( Date: 31-Oct-2006 16:40) Posted:
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px trading @0.20. lots of vol cos ppl r dumping it. any advice to pick it up now? at least their div yield's reasonably high
thank you, yen yen... no wonder price plunge !
uobkh morning notes (today):
unifood 3Q06: revenue declines 7% yoy & earnings dive 49% yoy below forecasts & market consensus
Hi Nostramudus, do you know whether there is any special news on this stock ? Anyone able to shed some light on this please. The price suddenly drop a lot. Thank you.
Good luck. I am sure you will do better when you are able to overcome the psychological aspect of cutting loss and protecting capital. I was taught to treat it as business overhead - a cost you have to bear in doing any business.
Thank you for all your comments. I have done averaging and made money. I have also done averaging that lose more money....I have yet to master the skills on cutting loss. It is very difficult to implement and I have the habit of delaying & hoping that market will recover soon. Sometimes, I also said to myself that since I have already lose so much, I might as well hold on further. I know that this is wrong and I am now determined to sell my Freight Link, Lian Beng, Twinwood etc.
The chart looks promising lately. Price is creeping up gradually with increaing volume. It tells me that there are people accumulating. I will not sell in such a situation.
Whether to buy to average at this point really depends on your risk appetite. It is always important to ask yourself how much you are prepared to lose for each trade you make. So, when market turns against you, you are psychologically prepared for that loss.
As a rule of thumb, many traders use 8% or a certain pre-determined sum that they are comfortable with (e.g. $1000) for stop loss. Whichever comes first, they will cut. Hope this will help you to decide.
I read the charts for you... this one has low volume so if you average and increase your holdings, you might find it difficult to get out.
Hard to predict the trend for this one because its a low volume/low price counter.
Hard to predict the trend for this one because its a low volume/low price counter.
ok lah... its only a $800 loss...
I always find averaging very deadly... the last time I did it, it just compounded my losses. I think you better think carefully before doing it.
I always find averaging very deadly... the last time I did it, it just compounded my losses. I think you better think carefully before doing it.
Hi Scotty Senior,
I bought 20 lots on 5 May 06.
ouch! .... how many lots?
Hi Scotty Senior,
I bought at 29.5 cents....
what did you buy at?