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Why BANJOO PRICE WILL NOT DROP?

One of the rick that the BB does which I may as well share with all of you here. I have friends in the industry. It's dirty and dog eat dog world. They trade with human minds, stock mkt is driven by GREED & FEAR, expecially the speculative counters like JooJoo....If the BB have 10K lots to unload into the mkt, they will not sell staright at 10K lots as they may not be any buyers. What they will do is the reverse of selling. Yes, they will buy in. They will buy in blocks of 1K lots up to 30-40% of their holding they intend to unload. Why they do they, first, if they buy in block of 1K several times, the price will definitely jump a few notches, which means they can unload at better price. 2nd reason which is more important is they will create euphoria in the mkt that the BB is buying up this counter. So they follow and buy in also. Ask yourself this, when you intend to buy in 10 lots of Joojoo and you realised BB is accumulating, you might buy in 20 lots instead (GREED). This is human factor, we all exp that. Then they realised that there are enuf buyers, they will unload what they have bought PLUS what they were holding all together. If not they may unlaod half of their holding and repeat the process till they unlaod all they wanted. That's why you guys may see most of the time a few blocks buy in will follow by another block of bigger sell down. The BB is in play.....I do know a little of TA, but I am prune to FA when investing. The BB can manipulate the stock mkt, but they can't manipulate the company account book, am I right....Also play with human mind when punting stocks. What you see on screen all the time may not be the actual picture...Hope you guys have a brighetr day ahead, it's sunny out there. Go take a walk if you loose some $$, tomorrow is another day of battle in the stock mkt. Cheers!

 

If kopitiam news are reliable, it will not be called kopitiam news. CNBC, Channelnewsasia, Bloomberg will go there and interview them and maybe ask for guidance... Well, their "analysis" are just 50% right 50% wrong. If right they will say "I TOLD YOU SO". If they are wrong, you dun usually hear from them. If it's 50/50, why trust them, why dun do it yourself and tikam tikam. Candice, your entry was 100K @18.5¢ and if now exit, your loss is $1,500 excluding the brokerage fee. I hope you will do some research before plunging in your hard earn $$ in the future. I see this joojoo going for 16¢ in near term. I may be wrong, choice is yours to cut or to hold. My advise, cut! No point holding on to someone's baby. I cut mine @18.5¢ entry @19.5¢ when I know I was wrong in my entry. This is a VERY SPECULATIVE counter, not adviseable for newbies!!!

 

i posted in sti thread, u can check it. it was 2 days before the correction.

 

Mr cashiertan

Can you post the sample of the chart for discussion so we can learn from you?

Candice

 

i hope banjoo will climb too. nevertheless TA does tell us to sell before the subprime correction on july, just that maybe not everyone knows how to read chart for sell signal.

 

Mr idesa168

Good morning. I will keep the share and wait for it to move up.

Candice

 

All information are in the charts, just that you may not know how to read. Most of the time it is showing you right on your face. Regardless, this is much better than kopitiam hearsay....today poor Candice will be burnt bcos she follows hearsay "TIPS". I really hope she exited by now!

 

alot of ppl invest in share based on chart,ta,fa ..... these thing do not indicate subprime loan,inflation ... when sub prime loan problem trigger, the chart or ta or fa did not ask you to sell but still prompt you bullish. I think many contra player had been burn badly, if anyone can come out a technique that can ride on the volatile wave, then you are billionaire.

 

let see whether the pig fly today, i think it will.

 

like most forums, this forum have lots of noise creators, doomsayers and sweeteners. it makes amateurs have wrong picture of what is going on. trust the charts rather than ppl. other than certain proven chartist or FAs, trust no one, except if  there is inside info or strong points. else it is much better to trust the charts than strangers...

 

agree with cashiertan, moving average seems to be downtrending...pigs may not fly..

my 2cts worth...

 

Hmmm...similar to Rowsley.

 

i am not saying banjoo is going to dip but all i can say is chart looks like it is mixed. grey at the moment.

 

Charts are emotionless and dun lie. it is always right but not for ppl who are disllusioned. if the time for banjoo to chiong, it will show. now can only see distribution.. why is banjoo under distribution when its FA are so fantastic? something must be brewing.. isit like rowsley or even worst, like digiland.

 

Candice, maybe u wanna ask Pension what will be the ideal range for the selling price before u sell off your 100 lots at 20c. Pension, I dont really depend on luck when trading. Will only buy up or sell down. Before trading, i will have entry & target exit price in place. Do u learn that in your trading classes?

 

True. With 100 lots, up 1c will have a gross profit of $1000. But she not greedy. Maybe it will be better if cut down to 50 lots instead.

 

Here, where everyone is so affluent, (condos, cars, maids, holidays) etc..., to talk of trading small would be to lose face ... among acquaintances and strangers alike...


The affluent culture is something very real...

 

Candice wants to make fast money with 100 lots...

If it goes up, she will really make a lot... 

 

for those vested. the transaction pattern for these few days, the plan and the gurantee value of the placement share of 30 cents and 40 cents speak for itself. y

 

No one can predict what will happen to the mkt tomorrow, unless he has insider news. Dun be surprise tomorrow announce Joojoo lost the Lottery liscense in China, ppl will be calling 6¢ for Joojoo. So Candice on 100K lots in one counter is a little ambitious.