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metaphoricsymbol ( Date: 28-Dec-2010 13:15) Posted:
If it can stay above 1.09 by 31 Dec, First week of January 2011 can see it go back to 1.17-18.
Jan 7 is the date to watch if Japan MHLW will announce approval of Nobori, if not it would be delayed to Feb 4 the latest. |
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Finally.. move while I am away.. managed to grab another 20 lots at 1.18.. let's take the right...
Cleared 1.18, moving to 1.2 and beyond.
my target upside for the whole year is 20 cents...
$1.17 is a strong resistance, break that and the next target is $1.20
Another attempt to clear the 1.18 resistance. I am all in. :)
Keeping my fingers crossed.
Thanks for sharing.
Medical industry should be good. :)
allright ( Date: 04-Jan-2011 15:51) Posted:
sorry meant to reply to this. My ave cost $1.10. Holding on. Dont have that many but believe in this stock
crystal1818 ( Date: 04-Jan-2011 10:39) Posted:
| Pardon for asking, what's your entry price for the old stocks you are holding now |
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sorry meant to reply to this. My ave cost $1.10. Holding on. Dont have that many but believe in this stock
crystal1818 ( Date: 04-Jan-2011 10:39) Posted:
Pardon for asking, what's your entry price for the old stocks you are holding now?
allright ( Date: 04-Jan-2011 10:30) Posted:
| 1.17. I was too scared to follow. but have old stocks still |
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ave cost $1.10.
allright ( Date: 04-Jan-2011 10:30) Posted:
| 1.17. I was too scared to follow. but have old stocks still |
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Understand, thanks for the guidance.
Besides this counter being fundamentally good, what other good fundamental companies you can reckon?
Laulan ( Date: 04-Jan-2011 11:16) Posted:
It is good to learn charts, but you need lots of patience to follow them and you trade only at critical points. By that I mean breakout or crossings points. These points happen only over a long waiting time. Chart followers normally trade when there is an opportunity, but when the charts don't show, they just sit around and drink coffee. Long termers trade more on fundamentals and less on charts. Currently SGX is never an idea day trade market because the prices usually never, or less frequently move beyond the brokerage fees. Not much chances for taking profits in weeks or months. Usually a position is losing because of the costs involved in holding the stocks. So I think people trade on selective counters here. Finding a "good" stock to generate a trade gain, is very difficult in Singapore because prices are always blocked by traders for giant hedge funds or banks and financial institutions. They suck your money this way and is hard for you to make money. So unless we have more participants, there is no fight for the ordinary man here. That's why Ipunters says "don't play play with stocks". I also agree with him.
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I agree with you also...fundamentalist is the best compare to chartist, world has prove no 1 investor in the world is warren buffet. And he just go in and out base on fundamental direction only. But I still play short term trading, money for pay my rental, meals, transportation, phone lar, so I pay nothing for my expense living in spore...
Laulan ( Date: 04-Jan-2011 11:16) Posted:
It is good to learn charts, but you need lots of patience to follow them and you trade only at critical points. By that I mean breakout or crossings points. These points happen only over a long waiting time. Chart followers normally trade when there is an opportunity, but when the charts don't show, they just sit around and drink coffee. Long termers trade more on fundamentals and less on charts. Currently SGX is never an idea day trade market because the prices usually never, or less frequently move beyond the brokerage fees. Not much chances for taking profits in weeks or months. Usually a position is losing because of the costs involved in holding the stocks. So I think people trade on selective counters here. Finding a "good" stock to generate a trade gain, is very difficult in Singapore because prices are always blocked by traders for giant hedge funds or banks and financial institutions. They suck your money this way and is hard for you to make money. So unless we have more participants, there is no fight for the ordinary man here. That's why Ipunters says "don't play play with stocks". I also agree with him.
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It is good to learn charts, but you need lots of patience to follow them and you trade only at critical points. By that I mean breakout or crossings points. These points happen only over a long waiting time. Chart followers normally trade when there is an opportunity, but when the charts don't show, they just sit around and drink coffee. Long termers trade more on fundamentals and less on charts. Currently SGX is never an idea day trade market because the prices usually never, or less frequently move beyond the brokerage fees. Not much chances for taking profits in weeks or months. Usually a position is losing because of the costs involved in holding the stocks. So I think people trade on selective counters here. Finding a "good" stock to generate a trade gain, is very difficult in Singapore because prices are always blocked by traders for giant hedge funds or banks and financial institutions. They suck your money this way and is hard for you to make money. So unless we have more participants, there is no fight for the ordinary man here. That's why Ipunters says "don't play play with stocks". I also agree with him.
I just starting knowing how to read the chart. However, the chart and market sentiment is diff. Based on the chart it's an up trend however, the stock market is down. When I see the chart is down trend and the market is up. I just don't understand the rationale... Still need to brush up my chart reading skills...
I'm mid to long term if the stocks are good. It will be great if in between can make quick profits... :)
Plan to vest in Reits to get the dividends. :)
Laulan ( Date: 04-Jan-2011 10:39) Posted:
If you are trading according to charts, then you follow the charts. But if you are trading on a mid to longer term buy and hold basis, then probably a good strategy will be to accumulate some on weak days. Last time I did this for Biosensors, my average price was around 60 cents on a longer term basis. I sold all at averages of around 1.15, highest 1.20 and lowest 1.10.. Now start collecting is in fact around the price I sold. But the only difference is most of the money is now in my hands. Same as Genting SP, if I did not trade in and out, I would be very rich because I have a few hundred lots at below 70 cents. But unfortunately I have too much gambling spirit in me and traded at small profits and looking back missed so much profits that can buy me a condo. So this year my strategy will be changed. Buy potential turn around companies that have unique products or services, and hold them for one year. But only hope the world doesn't end in 21 Dec 2012 because I want to enjoy life with all the money from selling my stocks in early 2012 and go see lots of places before re-investing again.. Hahaha.
crystal1818 ( Date: 04-Jan-2011 10:10) Posted:
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Do you think should load up again during 3rd or 4th week of Jan? Cos' I gathered that first 2 weeks of Jan is bullish and thereafter, a correction will takes place... If so, that is to say whatever bought this week should take profits before the correction takes place and buy again during the correction period? |
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Pardon for asking, what's your entry price for the old stocks you are holding now?
allright ( Date: 04-Jan-2011 10:30) Posted:
| 1.17. I was too scared to follow. but have old stocks still |
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If you are trading according to charts, then you follow the charts. But if you are trading on a mid to longer term buy and hold basis, then probably a good strategy will be to accumulate some on weak days. Last time I did this for Biosensors, my average price was around 60 cents on a longer term basis. I sold all at averages of around 1.15, highest 1.20 and lowest 1.10.. Now start collecting is in fact around the price I sold. But the only difference is most of the money is now in my hands. Same as Genting SP, if I did not trade in and out, I would be very rich because I have a few hundred lots at below 70 cents. But unfortunately I have too much gambling spirit in me and traded at small profits and looking back missed so much profits that can buy me a condo. So this year my strategy will be changed. Buy potential turn around companies that have unique products or services, and hold them for one year. But only hope the world doesn't end in 21 Dec 2012 because I want to enjoy life with all the money from selling my stocks in early 2012 and go see lots of places before re-investing again.. Hahaha.
crystal1818 ( Date: 04-Jan-2011 10:10) Posted:
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Do you think should load up again during 3rd or 4th week of Jan? Cos' I gathered that first 2 weeks of Jan is bullish and thereafter, a correction will takes place... If so, that is to say whatever bought this week should take profits before the correction takes place and buy again during the correction period?
Laulan ( Date: 04-Jan-2011 10:03) Posted:
I bought 30 lots only and the balance of 20 lots I will buy later when I see reasonable volumes. So far all trades are executed at 1.15. I think people are unwilling to let go at $1.14 so I bought at 1.15. I think this counter will exceed 2 bucks some time this year, guess about 6 months time if the market holds on with good sentiments. The company produces stents for heart patients. Yes I think you can somewhat classify it as health care in a general sense although the firm is not doing the work of caring one's health but providing the products of technology for doctors to saving and curing patients with "diseased" hearts. |
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1.17. I was too scared to follow. but have old stocks still
u r right..waiting for correction to load some...
crystal1818 ( Date: 04-Jan-2011 10:10) Posted:
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Do you think should load up again during 3rd or 4th week of Jan? Cos' I gathered that first 2 weeks of Jan is bullish and thereafter, a correction will takes place... If so, that is to say whatever bought this week should take profits before the correction takes place and buy again during the correction period?
Laulan ( Date: 04-Jan-2011 10:03) Posted:
I bought 30 lots only and the balance of 20 lots I will buy later when I see reasonable volumes. So far all trades are executed at 1.15. I think people are unwilling to let go at $1.14 so I bought at 1.15. I think this counter will exceed 2 bucks some time this year, guess about 6 months time if the market holds on with good sentiments. The company produces stents for heart patients. Yes I think you can somewhat classify it as health care in a general sense although the firm is not doing the work of caring one's health but providing the products of technology for doctors to saving and curing patients with "diseased" hearts. |
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Ok... the wait is over... 1.16 now. Target 1.22-1.24
:)
Do you think should load up again during 3rd or 4th week of Jan? Cos' I gathered that first 2 weeks of Jan is bullish and thereafter, a correction will takes place... If so, that is to say whatever bought this week should take profits before the correction takes place and buy again during the correction period?
Laulan ( Date: 04-Jan-2011 10:03) Posted:
I bought 30 lots only and the balance of 20 lots I will buy later when I see reasonable volumes. So far all trades are executed at 1.15. I think people are unwilling to let go at $1.14 so I bought at 1.15. I think this counter will exceed 2 bucks some time this year, guess about 6 months time if the market holds on with good sentiments. The company produces stents for heart patients. Yes I think you can somewhat classify it as health care in a general sense although the firm is not doing the work of caring one's health but providing the products of technology for doctors to saving and curing patients with "diseased" hearts.
crystal1818 ( Date: 04-Jan-2011 09:39) Posted:
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Hi Laulan
Did you manage to load more this morning?
Thanks for the info. :)
The analyst said that this year stocks pick are commodity, property, healthcare, etc. Pardon for asking, Biosensors is considered healthcare right?
iPunter also discouraged newbies like me not to play stocks. :(
Hope able to learn from all the experts in this thread. :) |
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I bought 30 lots only and the balance of 20 lots I will buy later when I see reasonable volumes. So far all trades are executed at 1.15. I think people are unwilling to let go at $1.14 so I bought at 1.15. I think this counter will exceed 2 bucks some time this year, guess about 6 months time if the market holds on with good sentiments.
The company produces stents for heart patients. Yes I think you can somewhat classify it as health care in a general sense although the firm is not doing the work of caring one's health but providing the products of technology for doctors to saving and curing patients with "diseased" hearts.
crystal1818 ( Date: 04-Jan-2011 09:39) Posted:
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Hi Laulan
Did you manage to load more this morning?
Thanks for the info. :)
The analyst said that this year stocks pick are commodity, property, healthcare, etc. Pardon for asking, Biosensors is considered healthcare right?
iPunter also discouraged newbies like me not to play stocks. :(
Hope able to learn from all the experts in this thread. :)
Laulan ( Date: 04-Jan-2011 09:31) Posted:
Hi Ricky and Hi Crystal, the secret is actually no secret because the SGX is now inviting foreigners to participate and invest in our stock market. It has introduce new rules to allow for foreigner brokers to engage in our market. The news is in the CDP site.
This will introduce more rich foreign investors to put their money in the SGX. So more money are coming in. Generally all counters will benefit from foreign money pouring in very soon. But But it would be quite possible that Biosensors being in the biotech/pharma industry will be the target of vigorous investment from foreigners who are always keen in the sector. Remember that J&J once tried to offer to buy the firm even when Biosensors was losing much money? This is the reason for my confidence in Biosensors. Now Biosensors is different from before. It could fetch much higher price when eyes are set on this company.
But do your own research and don't just follow blindly because the stock market is an unpredictable beast, like what iPunter used to say! |
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