
You are right...
    Ordinary investors will be hard hit
      if they play the averaging down game... 

des_khor ( Date: 15-Jun-2011 17:08) Posted:
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Average down with the stock which will never recover one will give you to eat mee pok as this will make you POK !
iPunter ( Date: 15-Jun-2011 16:59) Posted:
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Alex is right..
  Those who have money to play averaging down
        usually buy more and more than previous lots
              Only in this way can they recoup their losses quicker.
                    If they buy lesser lots, it will take ages to recover losses...

yishun11 ( Date: 15-Jun-2011 16:53) Posted:
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Thanks you so much for your most valuable advice. I just started trading last December. I don't really have to much knowledge about stock market. I really appreciate you guys advice. 
Why are you still holding to them now?
Broken so many resistance level since then.
You should have cut your losses when it break below $1.90.
Anyway, you have 2 choices now... Cut your losses and buy back later or average down at lower price.
You should know that right now, nobody knows the bottom. It could be $1.50 could be $1.00 or lower.
As a trader, my first instinct is to cut loss. But you have to make your own decision.
If your plan is to average down, you should prepare to average down at least twice the amount you initial invested. In another word, you have to buy 4 lots or more. No point buying another 2 lots, it'll take forever to recover.
yishun11 ( Date: 15-Jun-2011 11:41) Posted:
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hahahahaha....so funny : )....Buy 10 lots when it goes to $1 to get even.
yishun11 ( Date: 15-Jun-2011 11:41) Posted:
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I think have to wait til. sep to see uptrend...Hope to buy more next purchase.
iPunter ( Date: 15-Jun-2011 11:48) Posted:
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Don't need next week. Maybe today. What happened tho?
cooldred ( Date: 15-Jun-2011 12:16) Posted:
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sink in fast speed!! will it float up? reaching 1.5 soon by next week if continue like that
Luckily you didn't average down as it became cheaper...  

yishun11 ( Date: 15-Jun-2011 11:41) Posted:
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bought 2lots at 1.99. can't breathe right now. 
Your risk management is good...  

Riskless ( Date: 15-Jun-2011 11:21) Posted:
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Same price as Yangzijiang @1.54.
williamyeo ( Date: 15-Jun-2011 11:29) Posted:
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WHERE are
NOL's  shIps
nOw  ? ? ? ?
BATAM  ? ? ? ?
This ship is sinking.
Riskless ( Date: 15-Jun-2011 11:21) Posted:
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me too. bought at 1.92 for 2 lots to test water....lucky didnt buy 100lots
Kippei ( Date: 13-Jun-2011 10:32) Posted:
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What is Widdows doing? He wants to delist the company? Seems like it is...
Hahhahaa... duet with baby are you down down down down down..... DOWN~
http://www.youtube.com/watch?v=oUbpGmR1-QM
SupremeA ( Date: 13-Jun-2011 14:02) Posted:
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touched 1.54!...
Very bearish all the way, don't hold on to downtrend stocks. If short earlier, laughing your way to the bank!
