
Better don't jump the boat for this counter at the moment...
Yup, TA definitely looks shitty. Don't catch that falling knife.
called a sell on this counter since mid april, and still hold by that call today.
agree with both livermore and synnexo: BBs were definitely selling behind retailers' back; when you check techs with timing of analyst reports and news flow, you just see BB sell, small fries buy. And thing is, BB mostly sold out before this sub 1 level already. very clear evidence of manipulation.
completely agree with ipunter too. watch for signs of clear bottom before snapping up a 'bargain'.
of course, free choice tho. invest at own risk.
I wonder who is that analyst from DBS that recommended a Buy on GemsTV and set a price target of $2 early this year. I feel that there are simply too many analysts around who anyhow rates a stock. If that guy can be an analyst, then I would say that many of us can be called experts already.
I just hope that all these brokerage houses can be more strict in rating a stock. Maybe a supervisor should check the work of an analyst first. It's simply a disgrace on that analyst that Gemstv with a price target of $2 can be worth less than 80 cents in less than half a year. I still remember watching that GemsTV Buy call on CNBC in January.
Sarahlkh...
A stock falling gradually from the 1.83 high like this one a weak stock which the boys are dumping mainly due to the unpromising fundamentals.
Obviously all through the journey down from the high, many people had been buying the stock due to it becoming rather "cheap" and attractive, and this is still continuing.
It is better to watch the chart studiously for signs of a clear bottom before snapping up the bargain.
hahaha... I find the exchange between Chinkiasu and Elfin rather amusing... It's all a minor misunderstanding, though.
On the question of "sifu" (Stock Market Master) :-
In my view...
A "sifu" is one who punts, trades or invests and makes more money than he loses over a period of time.
Another characteristic of a "sifu" should be that he is almost whimsically willing to admit he is wrong about the market direction he has concluded and smack himself.
Thus, paradoxically, in the stock market, a "sifu" is he who is not a "sifu" at all!
Plasma & LCD TVs on SALE.
hey.. nicky good for you... not enough margin for me.. so not following....
hi, elf.. no offense meant here... i think there is a misunderstanding here.. when you are less pressed for time, do follow the flow of events re my conversation with RT.. but meanwhile minta maaf...
cks, rather ungraceful of you to have to cut-and-paste my post. Smacks of a childish oneupsmanship.
1) i have never said i was an oracle or a sifu. In fact, if you can rem, i told fortunegal once that i didn't like being called that.
2) if you recall, there was a 2nd bet for this week.
3) my mistake, i'll admit, 'cos i'm typing fast in between work: when i say no rebound, i meant a genuine rebound---like SPC. ie, trend reversal, uptrend on an new uptrend. this is a likely a tech rebound shored up by punters like yourself. there is no data to indicate it's a genuine reversal, currently.
of course, rem like i always said too, that techs change as the trends change. you do me no justice if you hold by the call of a week, or even a few days ago, when there's change in a trend. you can ask asterisk: i told him once why i rabidly check the techs everyday.
anyway, not interested in this counter. so good luck to you and the rest. nuff said.
btw thanks, rogue, i'm definitely keeping this puppy. :)
k gotta go. puppy, help me tell hi to the rest in the fellowship thread!