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Hi IreneL,
If you ask me, I would suggest it is best if you get to know the ropes more first before you buy more, especially with regard to trend. Since I am just a punter, it may be uncomfortable for me to embark on a lengthy discourse on the phenomenon of trends, as trend followers typically hold for the long haul until the trend 'expires' so to speak.
Not to make things too complicated, I would recommend you 'lay down your tools' and proceed to the investment sections MPH of or Popular and do a bit of browsing the stock market books. One need not go into the profundities of investment analysis. But one must at all cost acquire the basic knowledge before wadding in treacherous waters. To achieve this, it is my view that the simpler the book is the better.
Hope I am of some help. :)
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>>>Trade With Care
If you ask me, I would suggest it is best if you get to know the ropes more first before you buy more, especially with regard to trend. Since I am just a punter, it may be uncomfortable for me to embark on a lengthy discourse on the phenomenon of trends, as trend followers typically hold for the long haul until the trend 'expires' so to speak.
Not to make things too complicated, I would recommend you 'lay down your tools' and proceed to the investment sections MPH of or Popular and do a bit of browsing the stock market books. One need not go into the profundities of investment analysis. But one must at all cost acquire the basic knowledge before wadding in treacherous waters. To achieve this, it is my view that the simpler the book is the better.
Hope I am of some help. :)
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>>>Trade With Care
Hi iPunter
OK, wasnt aware that averaging up/down will have to depend on "trend". Does this trend refers to pricing?
And yes, I know singaporegal has been very helpful with novices like me.
Hi IreneL,
Averaging, down or up, is sound practice only when one is reasonably confident of the progress of the trend. This applies to any stock, by the way. The keyword here is the trend. You see, the trend is what TA people basically try to uncover.
Thus it is rather dangerous to do averaging when one is not banking on the trend. This is where our TA friends here will help us. If you notice, eg. Singaporegal frequently tips us on the trend. So trend, or apparent trend, is of such importance.
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>>> Trade With Care
Averaging, down or up, is sound practice only when one is reasonably confident of the progress of the trend. This applies to any stock, by the way. The keyword here is the trend. You see, the trend is what TA people basically try to uncover.
Thus it is rather dangerous to do averaging when one is not banking on the trend. This is where our TA friends here will help us. If you notice, eg. Singaporegal frequently tips us on the trend. So trend, or apparent trend, is of such importance.
---------------
>>> Trade With Care
Hi iPunter
Yes I am very much aware of the vissicitudes of the stock market. And I dont intend to compare apples and oranges at the same level. Not being an expert with picking the right stocks (but to be a little bit [just a little bit, mind you!] better like Warren Buffett, there are questions I must ask.
Similarily I have also been informed that one can either average down (when the price heads south) or to average up (when it drives north) in order to cut losses (?)
Hi IreneL,
It does sound illogical indeed! CashierTan will buy at a higher price when he can buy it for less?... he must have gone nuts!!! ...LOL...
But I don't think he's gone nuts! Nor is he drunk on Red Bull!
Actually, if a stock has gone lower, it can be more risky to buy it although the saying goes to "buy low and sell high". That's why the stock market is such a frightening place that even brave people can get smacked left and right simply because they think a stock is very 'cheap'. It would be advisable for us to realise that stocks are not like apples and oranges.
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>>> Trade With Care
It does sound illogical indeed! CashierTan will buy at a higher price when he can buy it for less?... he must have gone nuts!!! ...LOL...
But I don't think he's gone nuts! Nor is he drunk on Red Bull!
Actually, if a stock has gone lower, it can be more risky to buy it although the saying goes to "buy low and sell high". That's why the stock market is such a frightening place that even brave people can get smacked left and right simply because they think a stock is very 'cheap'. It would be advisable for us to realise that stocks are not like apples and oranges.
----------------
>>> Trade With Care
Hi cashiertan
Saw your Nov 8 posting. What was the price for Jiutian on that day? I am confused as to why you said to enter at either 88 or 89 or even at 90-92. If the price then was below these figures, then shouldnt one be buying low and selling high?
Many thanks
No matter how it goes
Institutions like Merrill Lynch brought at $0.827 (16millions).
They sure would like to earn $$ (no charity), perhaps 6 months down road then see again. Just like Celestial that time...the rest is history.
Looks like Jiutian is a favourite. When a stock is hot, it is hard to predict how high it will go. No price is too high for the confirmed bulls. High today can mean low tomorrow, and vice versa.
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Trade With Care
my bet will be to enter at 88 or 89. if that doesnt happen in the 1st hour, enter at 90-92 level. expect 99 resistance
buy on correction, the divergence of the stock will be balanced once it dip. momentum of bull is still in the stock
Director just bought 500000 @$0.9! That's a strong vote of confidence!!!
| Director: Lee Chee Seng |
| 3. | Circumstance(s) giving rise to the interest or change in interest | Open Market Purchase | |
| # Please specify details |
|
| 4. | Information relating to shares held in the name of the Registered Holder | ||||||
|
Although this stock is overbought, I think there's more upside to this.
Merrill Lynch is a broker just like any of our local broking house. Of course they will churn it up n down to distribute. One has to wait a long time for new plant to start production. Till then will be expect flat earnings.
superoverbought is the word i would use to discribe this counter. however, no sign of divergence yet. still can hold to squeeze extra juice out..
with the buy vol at closing, overbought again?
"superoverbought" so may i know what is your advise on this counter?bros cashiertan
superoverbought. havent seen stocks that goes abv 85 rsi and never go down de.
some say up, some say down.. ml jus went in... hope can be lik celest?? wow that wld be amazing....more ang mo coming on board is good sign...
I think this stock is still on uptrend.... remember Celestial after Templeton did placement....
Better drop everything (like a streaker) and run as fast as a gazelle, for one's dear life. Sadly, the market does not have any fresh lead so it's rotational play at work churning the volumes. Too many IPOs within this weak and next. Where do players have so much money to lose? With the end of the year fast approaching, funds may be winding down their positions soon, which also means the merrymaking may end real soon.