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so in the spirit of helping vincente, give some recommendations guys about what to do with his lots.
for me, average down and hold till next wave
disclaimer: got out at 0.099 and not vested
if u are not ready to lose 5 digit $$$..
stay away from penny stocks..
or just buy 50-100 lots for fun .. (BUT most ppl just gian gian wanna earn big bucks, including me sometimes, often i need to go toilet wash my face smell shit n pee smell then only can stop myself..)
the best is still stay away from penny stock unless u are trained and ready to take big losses like some of our experienced forumers here
The wheel of fortune will keep spinning. Where it stops, we won't know. But what we do know is, it will stop to visit us at least once.
clickshop1628 ( Date: 22-Apr-2013 13:23) Posted:
Disagree that he is an evil guy. Just different trading strategy, that's all. He is a momentum trader and can definitely make a lot of $$ in a strong bull market. But likely to get whipsawed when market is ranging, like now.
To each his own, there is no right or wrong, only profits and losses :)
gelu2279 ( Date: 22-Apr-2013 13:07) Posted:
| haha bro terencee, i couldn't bear but take a jab at the evil gu |
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yup to each his own.
to me, looked like showing symphathy and concern... until i saw the part on promoting jubilee.
these posts always happen, maybe intentions were good after all... maybe i am biased. :)
Disagree that he is an evil guy. Just different trading strategy, that's all. He is a momentum trader and can definitely make a lot of $$ in a strong bull market. But likely to get whipsawed when market is ranging, like now.
To each his own, there is no right or wrong, only profits and losses :)
gelu2279 ( Date: 22-Apr-2013 13:07) Posted:
haha bro terencee, i couldn't bear but take a jab at the evil guy
terencee ( Date: 22-Apr-2013 12:49) Posted:
| LOL! I knew someone would dig out that post to ask the question. Haha.. Cos I got the urge too but I refrain myself from posting that question |
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haha bro terencee, i couldn't bear but take a jab at the evil guy
terencee ( Date: 22-Apr-2013 12:49) Posted:
| LOL! I knew someone would dig out that post to ask the question. Haha.. Cos I got the urge too but I refrain myself from posting that question |
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Newbie wacking 2000 lots???? hope u learnt some lessons.....Chasing a hot stock lands one in hot soup.....Did u study the charts?....this is one very volatile stock.....fr 60 cts dropped alll the way to 3 cts and then 10.5 cts...back to 6 cts and back 10.2 cts and then 8.5 cts..now 8.9 cts..
pls learn to do some homework...study the Fundamentals and Technical picture before committing so much $$$ AND some risk management too...never wack too big that u can't afford to lose. don't just think about winning, ask yourself can u afford to lose....if u are wrong, how much are u willing and able to lose....?
vincente ( Date: 21-Apr-2013 14:32) Posted:
Hi,I am a newbie here. Currently I am vested with 2000k of conteI corp bought at 0.101(valued at 202K) on last Monday when everyone was praising and chasing this hot stock like hot cake. Initially I was reluctant to post my views here as my views would be contradictory to my position. However after much thought and I considered myself as victim hence I decided to take up the courage to share. I went into this counter mainly because of the exuberance and thinking of making a quick buck just like anyone. It was with blind faith that I leaped into it and I have to make a call decision by tomorrow as my T+5 is due. I noticed that not only myself is caught up in this fix but quite a handy of seniors and newbie as well through their sharing. Many were sucked in at 9.8-10.1c range. Some might decided to hold and wait out while other might want to call it a day. It is your choice and your own decision. As i said earlier I was much influence by their call to buy after reading their positive postings. Regret to say after some recollection and carefully analysis of their comments I find out that it wasn’t the case. Some statements are without backing and totally bias. Some claimed the counter to start trading at 20c or even 55c after halt while others making poor comparison between apples and oranges. My intention is not to blame anyone but only hope that forummers can be more responsible in their postings If unsure of your own statement it is best to state it clearly so as not to misled others even you are vested. As you can see that this exuberance posting has yet to subside and were made by the few clicks of people. Understandably they are vested and their views are bias with one recent sharing of only buying at 10.5 and above to show its potential. As some seniors have claimed that the pricing is manipulated by BB.I have a strong inclination that this thread is manipulated too for their self vested interest.
My wife have not been on talking term to me after she found out that I plan to use our joint account to purchase this share. I had sleepless nights so does she. I have checked with my brokers, close friends and do more research on this counter. I find out some real hard truth of this counter and realised that pennies are still pennies. The deal is yet to be inked and they have 8 more months to finalise the deal. Dont forget they have a botched RTO b4. Yuzzoo business is very small and there is nothing to shout about. I ask myself Instead of chasing up by 1.1c to 10c.what is next ? The downside of 15-20% is more frightening and real as you can see from other pennies history. As I have decided to cut some loss by as much as 24k or hopefully 12k(@0.95) if gap up tomorrow if mr Market permits. I am doing this so as to maintain my relationship with my wife and I am prepared to absorb the loss myself without worrying her. I assure her that the loss can be earned back overtime.
I believe in doing what is right and truthful in life as it brings good karma.I trust I will be able to sleep soundly day after tomorrow after this debacle. I do not wish to perform watch like some seniors are doing watching over the durians day and night. Sorry for reading my negative postings but I trust it is a constructive sharing. If forummers only posted positive messages on investments, this forum would become totally unbalanced, much less valuable and rather boring. |
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LOL! I knew someone would dig out that post to ask the question. Haha.. Cos I got the urge too but I refrain myself from posting that question
How much is Jubliee now?
Stockcham ( Date: 21-Apr-2013 19:20) Posted:
Hi vincente, It's better to lose 24k rather than to lose your wife. There's still plenty of opportunity to make back 24k but hard to bring back your wife. This is an open forum and anyone can make any comment. It is up to individual to believe them.
As mentioned a few times. Many stocks are controlled just like soccer club. If so many punters think it defintely move up, it is likely to move down. The RTO is one of them. Before the confirmation, everyone discussed about how much it is going to open when RTO news is confirmed. It is unlikely to move as most of you expected. Let me share with you all again. Have all of you seen how a company shares move after suspension when it has news of RTO?. What I mean is that there was no news about RTO before the stock suspend. The first buy price will be very high when te queue starts at 8.30am because investor want it even if at that price. Now compare with Contel. if I remember correctly, the first buy queue starts from 0.088(can't remember clearly) which is just only 7 bids above the last closing price. Then buyers starts to come in pushing the match price slowly to 0.089, 0.09...and so on to finally 0,101. Come on, we are talking about RTO. Why the first queue price is only 0.088(only 7 bids??. The first buy price at 8.30am should be 20-30 bids or more. You do not need 1/2 an hour to reach 0.101. Think about it. So when will Contel cheong?. Hard to predict. I guess the time will be when the RTO news has tone down or when those bought on " the first day the suspension lifted" has unloaded their stocks. You see, if Vincente has 2000k to unload within these 2 days, how many of Vincente are waiting to unload?.
On Jubilee, it has risen 2 days and it is common that profit taking takes place with some short trades. It has broken historical high of 0.285 and this has become a support. As long as it doesn't drop below this, it should move higher. Let's see how it goes on Monday. I believe it will not drop below 0.285. Don't be surprise if it moves up further. I may queue to buy at 0.28 or 0.285 if there is constant buyers coming in to support at the support price.
Actually I have shared on how to see whether the resistance will be broken or just a trap. But don't know why my post is not posted. Anyway, don't worry of a wall of sell queue buy beware of a wall of buy queue.
Good luck all! |
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Kateks better be wary... Dun get caught by BB
What saying you agreed with Mr. louis leecs, I dun understand?
louis_leecs ( Date: 18-Apr-2013 18:36) Posted:
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The saying in Chinese if translated literally means:
" Lobangs depending on white man, be careful " (street Hokkien)
That means " Opportunities depends on Angmohs, so beware" .
Hehehe!!
Aberdeen123 ( Date: 21-Apr-2013 22:57) Posted:
Fully agreed with the saying.,,Cannot understand why many is so bullish abt contel.I find upside is so limited only 1-1.2 cents for the short to mid term whereas downside of 15-25% is higher.Anyway make sure you are not the last person to carry the baton.
DYODD.
louis_leecs ( Date: 18-Apr-2013 18:36) Posted:
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Contra player selling?...hmm..gd to short lol
yea, this coming 2 days will be where contra players began selling at a loss..
theyoungone ( Date: 22-Apr-2013 00:03) Posted:
| To be honest, I don't really see much upside tmr.. When contra players start cutting loss, we will see a sell-down. We should see how the support level at 87 holds first for the coming few days before concluding any upside for this stock. Beware! |
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To be honest, I don't really see much upside tmr.. When contra players start cutting loss, we will see a sell-down. We should see how the support level at 87 holds first for the coming few days before concluding any upside for this stock. Beware!
Bro terence, can you share with us how long do you think Contel will take to break 0.103 resistance?. In a weeks time, 2 weeks or ....
Thanks
hi bro terence, hope u are right about closing, then will be added bonus to me haha.. anyway, i think probably u should tone down a little to avoid giving wrong misconception of bullishness here, as it seems there are ppl who just take in words of what ppl say easily, and did not scroll and see all the previous comments & do their own diligent study.. if those followers remember, before the RTO news is out on monday, contel took a big beating & bro terence was holding it with 5 digits losses.. he was still bullish at that time even though it's bearish that time and then i think he manage to recover back the loss when RTO out.. he's a positive guy & that's his style, a bit like bro iso in the other ipco thread, just that bro iso is even more positive than him lol.. anyway, i came to get to know about contel story 'cos of bro srichipan and your postings.. thanks for your posts that caught my attention..
terencee ( Date: 21-Apr-2013 23:13) Posted:
see tml show before commenting :) Watch for the closing..
Aberdeen123 ( Date: 21-Apr-2013 22:57) Posted:
Fully agreed with the saying.,,Cannot understand why many is so bullish abt contel.I find upside is so limited only 1-1.2 cents for the short to mid term whereas downside of 15-25% is higher.Anyway make sure you are not the last person to carry the baton.
DYODD |
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i think the bullish ppl are bullish 'cos of the committee behind yuuzoo.. and they are confident in the long term and feel that RTO will go through w/o hiccups.. in short term, probably things may not go as what the bullish ppl think.. probably they are so bullish that they neglect the possibility of cancellation of RTO, or some technical trend that had predicted the drop in price.. but come on, we are all sinners when we profit.. 'cos when we profit, someone must have lose money.. someone must have bought at higher price.. so even w/o any forummers posting here, do u think no one will get stuck at high price? imho, in short term, we have to be cautious of the US debt issue in may.. i notice in the forum, there seems to be " angel" and " devil" lol.. ipco thread is a battle between iso & bigmama
Aberdeen123 ( Date: 21-Apr-2013 22:57) Posted:
Fully agreed with the saying.,,Cannot understand why many is so bullish abt contel.I find upside is so limited only 1-1.2 cents for the short to mid term whereas downside of 15-25% is higher.Anyway make sure you are not the last person to carry the baton.
DYODD.
louis_leecs ( Date: 18-Apr-2013 18:36) Posted:
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see tml show before commenting :) Watch for the closing..
Aberdeen123 ( Date: 21-Apr-2013 22:57) Posted:
Fully agreed with the saying.,,Cannot understand why many is so bullish abt contel.I find upside is so limited only 1-1.2 cents for the short to mid term whereas downside of 15-25% is higher.Anyway make sure you are not the last person to carry the baton.
DYODD.
louis_leecs ( Date: 18-Apr-2013 18:36) Posted:
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Fully agreed with the saying.,,Cannot understand why many is so bullish abt contel.I find upside is so limited only 1-1.2 cents for the short to mid term whereas downside of 15-25% is higher.Anyway make sure you are not the last person to carry the baton.
DYODD.
louis_leecs ( Date: 18-Apr-2013 18:36) Posted:
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I'm sure tml would be a good show for everyone :)
