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Cimb ban online.trading.now
any 1 grab just now like me at 7+ , 8+.............time to take profit!!!!
any counter where the price has more than double in last six month, may be a Sky Two in the making
coming down.................time to grab!!!
sometime it can still be expensive with > 80% discount
while Sky One drama continue to unfold or is it over. any potential Sky Two in the making.
After all these bloodly selling in penny... one must understand....how did it happen.....
1) Blumont, liongold, asiason was pushed up by traders or funds....is it manipulated ? If it is why lifted its suspension and designated status? Now because certain people wanted to MAS/SGX to do something isnt it too late when the damage has been done? How do u manipulated a billion dollar company.... teach me pls....it happen before to creative before the tech burst... go check what is it trading at....
2) when traders or funds incurred losses on these stocks and to repay the losses they sell other stocks holding... this lead to another wave of selling....example skyone... a brokerage house deny margin to these counters overnight resulted a drastic drop in price....is it fair ? When a counter suddenly become non margin counter overnight....who could be the potential gain in these exercise? Those who know its gonna be non margin.. and who can that be?
When a brokerage firm has high margin exposure to these counter... they should allow their clients to reduce their exposure .... something is not regulated here....some brokerage suka suka designate counters .....some people are ripping profits out of others.... as they have control.... why did the 3 counters suspended when it drop 60% and skyone drop 90% was not suspended..... is there a double standard ?
How come i can sense hatred here against these 3 counters? It doesnt have valuation when its trading high... but at these price one can consider to invest... with extra money that can live without....nothing with against them .... but always be safe.....even though price is attractive...with this saga you will prob end up as a mid to long term investors....6months and above
the market is greed...even me know that these 3 counters doesnt have the dollar value back then.... so the funds and the traders know too..... but what does a trader do for a living... they trade the trend.... when there are buyer.... u buy....when there are seller u sell.... so with all these untrue rumour spreading in the market.... funds unwind position ..... when funds unwind traders sell or short.... there is nothing wrong with it..... i personally feel that if the guys up there handle it properly.... and not suspend the counter, these counter would not have fallen so much when it closed..... something is not right... with the valuation true... but one should consider the fact that this is a stock market if u let it trade as it is.... one can still cut loss.... if u suspend it.... people will only die by it.... as they cant do anything.....
Great power comes with great responsibility. We are trading to meet our ends.... every trade is a battle.... our stock market sentiment is terrible now even US index is trading multi year high.... well done to the person who started this saga as he has destroyed many people life overnight.....because i have hear there are people losing everything.... what are u thinking?
1) Blumont, liongold, asiason was pushed up by traders or funds....is it manipulated ? If it is why lifted its suspension and designated status? Now because certain people wanted to MAS/SGX to do something isnt it too late when the damage has been done? How do u manipulated a billion dollar company.... teach me pls....it happen before to creative before the tech burst... go check what is it trading at....
2) when traders or funds incurred losses on these stocks and to repay the losses they sell other stocks holding... this lead to another wave of selling....example skyone... a brokerage house deny margin to these counters overnight resulted a drastic drop in price....is it fair ? When a counter suddenly become non margin counter overnight....who could be the potential gain in these exercise? Those who know its gonna be non margin.. and who can that be?
When a brokerage firm has high margin exposure to these counter... they should allow their clients to reduce their exposure .... something is not regulated here....some brokerage suka suka designate counters .....some people are ripping profits out of others.... as they have control.... why did the 3 counters suspended when it drop 60% and skyone drop 90% was not suspended..... is there a double standard ?
How come i can sense hatred here against these 3 counters? It doesnt have valuation when its trading high... but at these price one can consider to invest... with extra money that can live without....nothing with against them .... but always be safe.....even though price is attractive...with this saga you will prob end up as a mid to long term investors....6months and above
the market is greed...even me know that these 3 counters doesnt have the dollar value back then.... so the funds and the traders know too..... but what does a trader do for a living... they trade the trend.... when there are buyer.... u buy....when there are seller u sell.... so with all these untrue rumour spreading in the market.... funds unwind position ..... when funds unwind traders sell or short.... there is nothing wrong with it..... i personally feel that if the guys up there handle it properly.... and not suspend the counter, these counter would not have fallen so much when it closed..... something is not right... with the valuation true... but one should consider the fact that this is a stock market if u let it trade as it is.... one can still cut loss.... if u suspend it.... people will only die by it.... as they cant do anything.....
Great power comes with great responsibility. We are trading to meet our ends.... every trade is a battle.... our stock market sentiment is terrible now even US index is trading multi year high.... well done to the person who started this saga as he has destroyed many people life overnight.....because i have hear there are people losing everything.... what are u thinking?
Too many to mention? So...don't want to bother to state in the news lor. From the look of things, a few more counters will be in this state.....Coma soon!
Bigmama ( Date: 29-Oct-2013 07:26) Posted:
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Surprise that there is no mention in the ST papers today. It has the biggest 1 day drop in percentage.
Small rebound today?
Small rebound today?
Your pt 2 interest me.
Have you been in funds mgmt before? some of your point i dont really agree.
Have you been in funds mgmt before? some of your point i dont really agree.
Rosesyrup ( Date: 29-Oct-2013 02:23) Posted:
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am new to this form. what is blue chip?
Solidrock ( Date: 28-Oct-2013 23:08) Posted:
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Tomorrow morning open, sure got many people still think can go further up. Their entries in early trade should provide you with opportunities to exit.
Given today trading pattern, don't say huat, you can come out unscathed you can celebrate already.
My argument and analysis for today's pattern:
1)Fell 90% within 1hour of trade. Almost certain all shorted by BBs not retailers. Cause retailers, without much power always steer clear whenever we don't know what is happening. Only BBs know their TP and dare to short with fear of rebouncing.
2)Why something that has NAV of 9cents, BBs dare to sell it at 4.6cents? Why don't BBs just stop at 9cents and let the market continue the selling? Could it be BBs know that it worth way less than 4.6cents? (Most BBs leave a buffer between their TP and actual price, so if they sell till Xcents, their TP sure below X cents)
3)BBs cover back already? I don't think so. Right after the halt lifted, we did see some active buying but most likely all those belong not to BBs. If BBs, who have shorted that much want to cover back, the price could have easily break 10cents. In fact I would say most buying are done by retailers, cause all my friends are queuing high volume to buy even before resume trading.
4)If BBs have not covered back, then it proves their confident that something might happen that will push the price to less than 4.6cents. Thus no hurry to buy back yet.
5) In fact you might most probably notice that every time the price breach 10cents, it is quickly sold down in large volume. I am suspecting that people with large holding are looking to exit above 10cents. I mean who in the right mind would still short or exit in large volume when the price elevated at such speed after the trading halt.
SO STEER CLEAR! EVEN the self-proclaimed STOCKMARKETMINDGAME expert, Ronald K who charges tuition fee of $2000 an hour, claimed the following:
'pennies continue to be trading very volatile, I prefer to trade Blue Chips'
DYODD
DYODD
mike1234 ( Date: 28-Oct-2013 17:15) Posted:
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Same bro, I too kena knocked on head for Maxi-cash due to 1 for 10 bonus and GRP now which I vested at 41cts didn't add when it was 34cts, thot it was doing good until on Fri and today....drop back to 37.5cts now. I was lucky with Rex...hit and run. For Rowsley....I'm thru hell and back with this one, see huge profit disappeared before my eyes so decided die die to stay vest till I see huge rainbow again.
Solidrock ( Date: 29-Oct-2013 00:12) Posted:
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Hopefully Tom seems will rebound in penny stock .. since fall so hard liao in few days . But lion gold n blue look still will drop further ..
stockmax ( Date: 28-Oct-2013 20:28) Posted:
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I get burn in maxi cash for chasing right issue spark , n learn d lesson . Lucky not touch rex. GRP coz today all back to square ..
Solidrock ( Date: 29-Oct-2013 00:09) Posted:
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Rowsley for long term . I make a painful cut. When 0.14i got temptation to cut 2 nd round I still hold hope on it . The hope become hole 0.115 cut all. below 0.30 that is over my tolerance . With this penny saga n government measure I don't see rebound soon but sinking more .. as I have other to more concern so I reduce my risk
lglg666 ( Date: 28-Oct-2013 23:59) Posted:
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Right bro....my only penny are Rowsley & son plus some GRP. I have been shifting my holding to incl Wilmar, Yanlord, Tat Hong & IndoAgri. Last 2 is under $1 but come Xmas and CNY they will be ok. Had some trading buy eg Yoma and Rex. As a rule...I stay away from the micro penny. Must be super nimble to trade that which I'm not. I loaded Rowsley from start of project Iskandar and continue to add till near ex date for free warrants. Now still will add on warrants only....if under 10cts, coz I believed in Rowsley game plan.
Solidrock ( Date: 28-Oct-2013 23:08) Posted:
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It will always back to the price that where it begin.around 0.050$?
cccx123 ( Date: 28-Oct-2013 17:33) Posted:
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Agreed. Small retail investor will always be the victim especially buying penny share. Even con or loudly share need to take month & years to climb up to good price but it Juz need few hours to collapse. Terrible😭
This continues , what is the next counter now ? Any penny stock can be victim , no warning . Better stay a side and just play blue chip .
lglg666 ( Date: 28-Oct-2013 22:41) Posted:
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