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Watch the 2nd bout of selling ... I believe all the late shortist has been killed or forced out ...
chartreader ( Date: 30-Aug-2012 10:50) Posted:
I'm in for the killing. A lot of people shorting in the morning, so the operator is running it up to cut the late shortist.
It will be nerve racking, but I'm in for the big move.
cashiertan ( Date: 30-Aug-2012 10:35) Posted:
| close 2nd half CMZ at 0.72 |
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I'm in for the killing. A lot of people shorting in the morning, so the operator is running it up to cut the late shortist.
It will be nerve racking, but I'm in for the big move.
cashiertan ( Date: 30-Aug-2012 10:35) Posted:
| close 2nd half CMZ at 0.72 |
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See how first. One or two weeks ago, sold it after the failed breakout
Bro Chartreader...fyi, i offloaded my yingli for kopi$...always wanted to hold long maybe 2 yrs for them to realized be reit but strange dont feel quite rite...are u into yanloard?  x 0
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Hello bro,
i only left ying li & boc...got rid of my blue chips & other pennies oredi...now patiently waiting for the day :)
Gd day
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x 0 | Hi Bro Ted, how are you? I hope you have pared your long holdings in the past few days. |
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close 2nd half CMZ at 0.72
close half of my CMZ short at 0.715
A Story About Distributions
Once upon a time in a village, a man appeared and announced to the
villagers that he would buy monkeys for SGD 100. The villagers seeing that
there were many monkeys around, went out to the forest and started
catching them.
The man bought thousands at SGD 100 and as supply started to diminish, the
villagers stopped their effort. He further announced that he would now buy
at SGD 200. This renewed the efforts of the villagers and they started catching
monkeys again. Soon the supply diminished even further and people
started going back to their farms.
The offer rate increased to SGD 250 and the supply of monkeys became so
little that it was an effort to even see a monkey let alone catch it.
The man now announced that he would buy monkeys at SGD 500! However,
since he had to go to the city on some business, his assistant would now
buy on behalf of him.
In the absence of the man, the assistant told the villagers. " Look at all
these monkeys in the big cage that the man has collected. I will sell them
to you at SGD 350 and when the man returns from the city, you can sell it to
him for SGD 500."
The villagers squeezed up with all their savings to buy the monkeys.
Then they never saw the man nor his assistant, only monkeys
everywhere!!!!
it's just lady luck still with us. market is very treacherous, can make u turn any time. need to stay nimble all the time.
cashiertan ( Date: 29-Aug-2012 17:02) Posted:
as long can work is good enough. doesnt matter what way you trade. at least both of us are common in CMZ and your sell of raffles.
chartreader ( Date: 29-Aug-2012 16:22) Posted:
| To be honest, I only use EMA,SMA to make my chart looks beautiful :-) ... I don't use them to make any buy/sell decision. |
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Hello bro,i only left ying li & boc...got rid of my blue chips & other pennies oredi...now patiently waiting for the day :)Gd day x 0
x 0 | Hi Bro Ted, how are you? I hope you have pared your long holdings in the past few days.
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as long can work is good enough. doesnt matter what way you trade. at least both of us are common in CMZ and your sell of raffles.
chartreader ( Date: 29-Aug-2012 16:22) Posted:
| To be honest, I only use EMA,SMA to make my chart looks beautiful :-) ... I don't use them to make any buy/sell decision. |
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Hi Bro Ted, how are you? I hope you have pared your long holdings in the past few days.
tedsokny ( Date: 29-Aug-2012 16:23) Posted:
patience...crazy time is getting nearer n nearer :)
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x 0 | widely used 20sma has turned resistance for sti this few days. sti shld correct but not as crazy as last time. |
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patience...crazy time is getting nearer n nearer :) x 0
x 0 | widely used 20sma has turned resistance for sti this few days. sti shld correct but not as crazy as last time. |
To be honest, I only use EMA,SMA to make my chart looks beautiful :-) ... I don't use them to make any buy/sell decision.
widely used 20sma has turned resistance for sti this few days. sti shld correct but not as crazy as last time.
Unfortunately that's the law of the market. Only a small number who dares go against the majority can profit from them.
cashiertan ( Date: 29-Aug-2012 15:45) Posted:
| i think only you and me short cmz |
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i think only you and me short cmz
My short on China Min Zhong has turned green. Those delusional folks are still hoping ....
Let the selling begin ... good luck to those that are still delusional, who mistakenly believe distribution as accumulation.
It is as if market is holding the breath for the next big move.
A lot of stocks, not only have failed to breakout, but also sitting dangerously on the cliff (support). Just a little push, to start fierce selling.
Yanlord has started the sell-off and more to come. 1.185 was once a support will turn to resistance for now.
Shorting China Minzhong
Reason: Strong Resistance
Entry: 0.735
RRR: at least 1:2
