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Bro, you may want to google n find out more on this support & resistance. Once you understand how it works, I'm very sure you will not buy at this price. Huat ah!

Lun1984      ( Date: 20-Jul-2013 22:10) Posted: Bro stockcham.. Thanks for your kind advice and I fully agreed with you. Guess greed got over my head cause I'm trying to ride on the trend.. Need to follow you guys closely before executing my trade in the future.. Stockcham      ( Date: 20-Jul-2013 19:17) Posted: Bro Luna, 0.245 is the resistance price. You are buying at a price that is very risky. This is the price whereby many peoples prepare to unload. When a counter moves up and comes to resistance price, it will likely face resistance unless the resistance is a weak one. So when face resistance, it will falls back and may or may not break later. Even if the counter will break, it will normally falls back first before it comes back to test it again. If you can tahan the fall back period, then  your chance becomes 50-50. If you cannot tahan the fall back, then you may have cut it before it test again. Therefore, try not to buy a counter at resistance or near( & below)  resistance price unless you are confident that it will break it. Contrary to this, buy at strong support price is much safer and have higher chance of making money. Of course, you will also have to take note of the market sentiment and company performance. If the company is in trouble, strong support will most likely be broken usually on its 2nd or 3rd test. If market sentiment no good for e.g. in a correction, support may also be broken easily. Support price is useful in normal trading market sentiment. Take for instance counter A chiong up 3 days and then slowly melting. When it comes to the strong support price, high chance it will rebound.  I need to say this again, knowing the resistance and support price is important in stocks trading. Anyway, lose liao forget it. You still have a chance to make back. Good luck and huat ah

 

Bro stockcham.. Thanks for your kind advice and I fully agreed with you. Guess greed got over my head cause I'm trying to ride on the trend.. Need to follow you guys closely before executing my trade in the future..

Stockcham      ( Date: 20-Jul-2013 19:17) Posted: Bro Luna, 0.245 is the resistance price. You are buying at a price that is very risky. This is the price whereby many peoples prepare to unload. When a counter moves up and comes to resistance price, it will likely face resistance unless the resistance is a weak one. So when face resistance, it will falls back and may or may not break later. Even if the counter will break, it will normally falls back first before it comes back to test it again. If you can tahan the fall back period, then  your chance becomes 50-50. If you cannot tahan the fall back, then you may have cut it before it test again. Therefore, try not to buy a counter at resistance or near( & below)  resistance price unless you are confident that it will break it. Contrary to this, buy at strong support price is much safer and have higher chance of making money. Of course, you will also have to take note of the market sentiment and company performance. If the company is in trouble, strong support will most likely be broken usually on its 2nd or 3rd test. If market sentiment no good for e.g. in a correction, support may also be broken easily. Support price is useful in normal trading market sentiment. Take for instance counter A chiong up 3 days and then slowly melting. When it comes to the strong support price, high chance it will rebound.  I need to say this again, knowing the resistance and support price is important in stocks trading. Anyway, lose liao forget it. You still have a chance to make back. Good luck and huat ah! Lun1984      ( Date: 20-Jul-2013 11:53) Posted: 100 in at 245 , 100 out at 225. =(

 

Bro, take a break from shares but not SJ. This forum is not interesting without you. Huat ah!

novice_trader      ( Date: 20-Jul-2013 21:38) Posted: Oh boy I just can keep my hands of Share Junction!!! Keep looking back at this page even though I promise to take a break.... Ahhhhh.... How are u bros???

 

Oh boy I just can keep my hands of Share Junction!!! Keep looking back at this page even though I promise to take a break.... Ahhhhh....
How are u bros???

 

Just to share with you! Last 3 records shows that when Penguine moves up this much, the next day will drop.  Hope this time is different! Good luck!

longterminvestor      ( Date: 20-Jul-2013 17:47) Posted: Penguin going 20cents... Lun1984      ( Date: 20-Jul-2013 11:53) Posted: 100 in at 245 , 100 out at 225. =(

 

Bro, just want to share this with you on Innopac. I feel that shorting Innopac at this time is like putting a time bomb in our own pocket. I don't know what is the actual story of the Innopac & Merlin deal but I know it is not so good, that's why the price drop so much. But why did the price suddenly move up so much?. Is it because of speculation nia or is it because someone knows that there is big news coming which you and I don't know. I don't think Innopac will just let things be what it is at the moment. The company may be fighting hard to solve this problem or have other options. There is a possibility that some good news coming soon. If you were to short during this period of time, your risk is very high. You may make a few pips here and there but if halt, you will sure kenna jialat one. This is just my guess only. 

Huat ah! 

ace333      ( Date: 19-Jul-2013 23:12) Posted: opposite of when sellers keep throwing but u see buyers coming in and px the most drop 1 bid or remain the same.......so when SHORT into strength u see the buyers eating but sellers will top up sell q and the most is up 1 bid or remain the same.......so just follow q to SHORT at current px or 1 bid higher........LOL Stockcham      ( Date: 19-Jul-2013 22:46) Posted: Bro, can enlignten me what is " short into strength" . I must learn from short master!  Huat ah!

 

Bro Luna, 0.245 is the resistance price. You are buying at a price that is very risky. This is the price whereby many peoples prepare to unload. When a counter moves up and comes to resistance price, it will likely face resistance unless the resistance is a weak one. So when face resistance, it will falls back and may or may not break later. Even if the counter will break, it will normally falls back first before it comes back to test it again. If you can tahan the fall back period, then  your chance becomes 50-50. If you cannot tahan the fall back, then you may have cut it before it test again. Therefore, try not to buy a counter at resistance or near( & below)  resistance price unless you are confident that it will break it. Contrary to this, buy at strong support price is much safer and have higher chance of making money. Of course, you will also have to take note of the market sentiment and company performance. If the company is in trouble, strong support will most likely be broken usually on its 2nd or 3rd test. If market sentiment no good for e.g. in a correction, support may also be broken easily. Support price is useful in normal trading market sentiment. Take for instance counter A chiong up 3 days and then slowly melting. When it comes to the strong support price, high chance it will rebound.  I need to say this again, knowing the resistance and support price is important in stocks trading.

Anyway, lose liao forget it. You still have a chance to make back. Good luck and huat ah!

Lun1984      ( Date: 20-Jul-2013 11:53) Posted: 100 in at 245 , 100 out at 225. =(( Lun1984      ( Date: 20-Jul-2013 11:48) Posted: Let go at the wrong time.. Bleeding bleeding...

 

Penguin going 20cents...

Lun1984      ( Date: 20-Jul-2013 11:53) Posted: 100 in at 245 , 100 out at 225. =(( Lun1984      ( Date: 20-Jul-2013 11:48) Posted: Let go at the wrong time.. Bleeding bleeding...

 

100 in at 245 , 100 out at 225. =((

Lun1984      ( Date: 20-Jul-2013 11:48) Posted: Let go at the wrong time.. Bleeding bleeding.... Stockcham      ( Date: 19-Jul-2013 23:13) Posted: How Bro Lun, still holding CNA?. Huat ah

 

Let go at the wrong time.. Bleeding bleeding....

Stockcham      ( Date: 19-Jul-2013 23:13) Posted: How Bro Lun, still holding CNA?. Huat ah! Lun1984      ( Date: 19-Jul-2013 11:09) Posted: Both my CNA and Innopac bleed a river.. enter and exit almost highest and lowest point =

 

Bro, my one is Huat ah!. But your one is !ha tauH. Therefore need some time to absorb. Lol! But now I beng pek liao!

Enjoy your weekend! !ha tauH

ace333      ( Date: 20-Jul-2013 00:51) Posted: bro u expert will noe wat I mean de........it is almost the same as how u observe the px movement.......if BB want it to TOH where got keep throwing wont TOH de........LOL.........same if BB want it to chiong where got keep eating then px stay same or up 1 bid de Stockcham      ( Date: 19-Jul-2013 23:43) Posted: Bro, a bit chim ah! After reading a few times, finally can understand! KUm sia hah! Btw, where did you go? MIA for so long! Huat ah

 

Penguin $0.09 bullish closed...

 

yes!!! take a nice break, I will join u too. Thinking of out of the mkt for a while, just get away from the screen and forum. Time for holiday and celebrate National Day haha. Anyway, tks to that bro (u know who u r) for yr very nice comment in my pm, hope u make big big, sincerely. Cheers everyone. I will be back haha.

novice_trader      ( Date: 19-Jul-2013 23:21) Posted: Quite speechless now... What the heck man. Don't want to say anymore.... It's time for me to relax and take a nice break for now. Thanks bro Stockcham, bro librajet, bro Joseeng for that wake up call and not forget Short master ace333 and lastly all bros and sis here in SJ... Hope everybody Huat Ah Big Big in both Long or Short!!! joseeng      ( Date: 19-Jul-2013 13:24) Posted: bro novice, only yourself will know why you didnt take profit....is it you became excited when it rises and forget to take profit? or you became greedy, thinking it can rise further?....perhaps next time you can set a target price to protect your profit, if it falls below your target price, Sell!!!!......at least you still have small gain than grumbling to us about your losses.....gd luck bro.

 

bro u expert will noe wat I mean de........it is almost the same as how u observe the px movement.......if BB want it to TOH where got keep throwing wont TOH de........LOL.........same if BB want it to chiong where got keep eating then px stay same or up 1 bid de

Stockcham      ( Date: 19-Jul-2013 23:43) Posted: Bro, a bit chim ah! After reading a few times, finally can understand! KUm sia hah! Btw, where did you go? MIA for so long! Huat ah! ace333      ( Date: 19-Jul-2013 23:12) Posted: opposite of when sellers keep throwing but u see buyers coming in and px the most drop 1 bid or remain the same.......so when SHORT into strength u see the buyers eating but sellers will top up sell q and the most is up 1 bid or remain the same.......so just follow q to SHORT at current px or 1 bid higher........LO

 

still chatting abt cna at this time??? haha. I was reluctance at 20c, hesitated at 24c, so bye bye the chance but its ok la. We cant win all running counter. Congrats all winners, hehe. Just came back fishing with my son, all catfish, sian lol. Dow not very jialat leh, so good luck on monday

 

Bro nqing87, as you can see from my previous posting which I said I will use $1k to fight with it. Given the reason I mentioned, in fact  I have decided yesterday night that I will matched buy this morning. When I see the expected matched price so high(at 17) that time, I was considering. Because BBs keep adjusting the matched price, I can't figure out what price to key in and therefore wait till last min I decided to key in buy at 0.20 to confirm matched. But I didn't manage to get my order done because the safety feature can only allow me to key in maximum 0.157. How to buy?. Call broker also too late. Therefore wait for it to start trading then buy. I wanted to buy at 0.19 but my page freeze and I can't see the price. After refreshed, already 0.20-0.205. So I buy straight. I'm quite confident that today will move up quite a lot(but didn't expect this much). So when it drop back to 0.198(only 4 pips down)  and moves up again, it shows strength or else it would have continue to drop since the price is so high. The move from 0.21 to 0.198 and then up to 0.20 is the critical point which trigger me to buy more. This bro joseeng have explained. When it comes to 0.20-0.205, the sell queue at 0.205 was already big. You can see the buy queue at 0.20 keeps increasing to match the sell queue no matter how many lots people throw down at 0.20. You see the same thing at 0.255-0.26. Gap up a lot got higer chance to continue to chiong. How many retailers dare to matched at this kind of price?. When retailers scared, it will chiong. Mirach is another example of high gap up.

Bro novie, don't give up. Just take a good rest and think over your strategy. Once you change your strategy, you will starts to make more money and lose less.

Good luck! Huat ah!

 

Bro, a bit chim ah! After reading a few times, finally can understand! KUm sia hah! Btw, where did you go? MIA for so long! Huat ah!

ace333      ( Date: 19-Jul-2013 23:12) Posted: opposite of when sellers keep throwing but u see buyers coming in and px the most drop 1 bid or remain the same.......so when SHORT into strength u see the buyers eating but sellers will top up sell q and the most is up 1 bid or remain the same.......so just follow q to SHORT at current px or 1 bid higher........LOL Stockcham      ( Date: 19-Jul-2013 22:46) Posted: Bro, can enlignten me what is " short into strength" . I must learn from short master!  Huat ah!

 

hi bro stockcham, congrats on CNA today.. wasted chance for me.. i actually wanted to get in at 20, but wasnt confident to go in, as the gap up is too much.. i saw huge buy queue stocking up at 20, and i was thinking maybe BB was distributing at 20.5 and put fake buy queue at 20, because the 20.5 sell queue keep replenishing.. also, when a stock gaps up so much, i was thinking probably the closing will be likely below the opening price.. so, how do you actually decide to jump in and see that the buy queue at 20 is not distribution?

 

Quite speechless now... What the heck man. Don't want to say anymore.... It's time for me to relax and take a nice break for now.
Thanks bro Stockcham, bro librajet, bro Joseeng for that wake up call and not forget Short master ace333 and lastly all bros and sis here in SJ...
Hope everybody Huat Ah Big Big in both Long or Short!!!

joseeng      ( Date: 19-Jul-2013 13:24) Posted: bro novice, only yourself will know why you didnt take profit....is it you became excited when it rises and forget to take profit? or you became greedy, thinking it can rise further?....perhaps next time you can set a target price to protect your profit, if it falls below your target price, Sell!!!!......at least you still have small gain than grumbling to us about your losses.....gd luck bro. novice_trader      ( Date: 19-Jul-2013 13:08) Posted: Sorry bro librajet and especially bro Stockcham, my Vard kana raided with shorties bullet.... Got profit nv take now sinking shop... Haiya... Always like that... Nv listen to u all... Can u bros pls slap me to wake up my ideas??? Sad..

 

Bro sk6666, I really salute you! You can still remember this! Must have takes you some time to find this post right?. Keong hee to you! Nearly 100% profit. Can have Ah Yat Abalone this weekend liao! Lol! Huat ah!

sk6666      ( Date: 19-Jul-2013 10:33) Posted:   If not becoz of below comments, I would not hv buy and hold till today!! Thanks, Sifu!! " Bros, continue to monitor CNA. Eversince the halt was lifted, the BBs are there everyday. They are there for a reason. The support for this counter now is at 0.136. I waited for it to rebound from here and that's why when it moves up, I chiong in at 0.139 yesterday. Although it is 2 pips down at the moment, I'm not worried. You can see that yesterday they were a  few hundred lots  at 0.136, once thrown down by, anothre few hundred lots  appear again.  I believe they are accumulating. Collecting from those retailers that bought a few days ago. I believe there should be some action soon and it won't be long. I'm not asking bros to buy but to  monitor this counter. "