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Thank you, Settowin, I am considering your second strategy, but really do not like Oceanus. I cut and lost a lot from this counter.
Sorry friend, what I wanted to say is this:
I think two alternatives are open if one has bought high at $1.00 or higher. If you don't have too many counters, but just this one, first check your finances to see if you are able to buy five times more lots than you presently hold, and stay with the bugger until kingdom come if it shall be that way, or that the counter recovers and go back to around 48 cents to break even. Another alternative is to sell the bugger and use the money to buy one good penny that is potntially going to rocket. This way you can make back your capital. Important, only penny stock that is capable of rocketing.
Look for counters that will chiong like Ipco, HLH, MDR, Oceanus, etc.
But do your own research first.
viromics ( Date: 02-Apr-2012 15:24) Posted:
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Exit is an art, sifu ISO will say. Me, is a discipline. Because its always hurt to cut. Like sifu IP say, like be like 僵 尸 (vampire). If the price is already more than 60% below water, keep in cold storage and don't look at it. Any short term upside don't pinned too much hope to quickly breakeven. TA will give u the realistic pricing. Be practical, go buy other counters to recoup.Most of all, learn from it. Otherwise keep asking for advise in forum also can't make one or the counter any better than it is anyway. Hold or cut, is ultimately your own choice to make. Good luck.
Sorry, no matter what was your original stake, if you buy 5 times the original holding, your average price will fall to around 48 cents, and not 80 cents.
settowin ( Date: 02-Apr-2012 15:49) Posted:
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I based on 10,000 shares at the orignal. But if you are holding more, the average price after buying 5 times the original will be very much lower. Use the calculator first, hahaha.
settowin ( Date: 02-Apr-2012 15:49) Posted:
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I think two alternatives are open if one has bought high at $1.00 or higher. If you don't have too many counters, but just this one, first check your finances to see if you are able to buy five times more lots than you presently hold, and stay with the bugger until kingdom come if it shall be that way, or that the counter recovers and go back to around 80 cents to break even. Another alternative is to sell the bugger and use the money to buy one good penny that is potntially going to rocket. This way you can make back your capital. Important, only penny stock that is capable of rocketing.
For people who bought at $1.00, what suggestion do you have? I do not believe there is a miracle, but read news that Chinese railway system will reform, and goverment still invests to develop this industry
For a very long while, this counter had never thought of going up. So the direction it will go is down. Better sell if you still are in profit. For it to go up to $1 will require a miracle such as some crazy rich people (WB included) wanting to take over.
Doesn't look good eh. ?
teeth53 ( Date: 01-Apr-2012 18:05) Posted:
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.... psl ..... contel .....
seems like those 30++ cts category is in the limelight ..... yingli ..... gallant .....
will midas be next ?
I mean players whom had been playing this stk n got stuck from a high of almost $0.50cts to last halted price @0.19 cts
teeth53 ( Date: 31-Mar-2012 08:43) Posted:
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midas is a goner. i never believe the china trains story.
it is all coruupted business. it just take one investigation and you can say byebye to all your so call billion dollar contract!!
As it turned out NRPT, a 32% subsidiary, is the drag instead of adding value. Their main product is still very profitable. Anyone has any more detailed info on why NRPT lost money last year?
moneycow ( Date: 30-Mar-2012 15:40) Posted:
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Reminded me - ChinaGaoxian after listed in KOSPI, got stuck for more then a year liao.
A number of stocks dual listing - fall alot :)
" Midas Dual Listing announcement anytime soon"
Just wondering at the heading title, plus all the analysts calling for a buy...isit going up soon?
Its a fact that, if the world is affected by event of uncertainty. The sell down begins........... not the normal fall. it could be DOW plunge 500 over points every day or even more.... that would be really scary.. very very.... anyway just to chat openly not that an event is coming...:)
Its about the what if.... and what would follows.... its a realistic scenario...of what would come in near future if...IRAN got out of hand...
Cheers.
moneycow ( Date: 30-Mar-2012 18:33) Posted:
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$2++ is a level it hit in the past. It cannot and not relevant to use it as a yardstick to reach back the heydays price. If want to, the argument would be , event capital land was $8.50 above.... .. now its rise from its low of 2.20+ just recently... when the Greek Debt saga threatens the world stocks market..threaten to pull the world into recession....BB's acquaintance blow up the issue all over the market... it really have a very great impact on most if not all the stocks which subsequently plunge and plunge... YZJ was 70+ cents.... EZRA...also hit 70+ cents... just near Nov/Dec 2011..it was like Lehman collapse/ US sub prime period revisit so soon......Financial crisis follows... its was an uncertain period...
many stocks recovered maybe just 30% of its fall from Late JULY/August....2011.... till January 2012.....than...some hope came back and many stocks rally..for 2 over to 3 months ... till now.... market become a bit volatile of late.. while many analyses foresee an improvement going ahead.... ..
Greek/Euro's situation is still not permanently resolve yet...and could come back to haunt the market in maybe a 2 or 3 months time...China economy slide also... is quiet negative... But lucky thing is USA have some positive news over its recovery... that buffer off some effects of China/Euro matters. In Asia IRAN and N. Korea are starting their nonsense again.
Actually I think, while N.Korea's action is nothing new, the near term worst case scenario would really be Israel per-empt action against IRAN or US may also get some allies to Invade IRAN just like what they did to IRAQ. While IRAN needs to be taught a lesson the hard way, it would cause a period of uncertainty... every one hope they have not got the bomb. But what if in the midst of action by the allies forces, they really launch a nuclear bomb ...via its long range missile...... don't know where or which country it would hit... but it would be a beginning of a night mare.... what will happens even just before any military action against IRAN would be any bodies' guess. :)
seanpent ( Date: 30-Mar-2012 16:53) Posted:
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It very much depends if there are strong performances from it, investor's confidence over it, projected prospects lastly the BBs.
Since last August/Sept 2011 ... it started its decline from near 80++ cents.... tu tut tut...down more than 50%.... many others climb back quite a bit. This one...Investors not looking at it. Understand from some reports, its subsidiary have problem and was inconsistent in delivery of train cars ordered... LD from China's LTA or something...
seanpent ( Date: 30-Mar-2012 16:53) Posted:
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