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DJ MARKET TALK: Uni-Asia Off 4.1% On Clampdown By Brokerages
0338 GMT [Dow Jones] Uni-Asia Finance (C3T.SG) down 4.1% at S$1.87 in active trade, extending yesterday's 22% plunge after UOB-KayHian imposes trading curb on stock. Move follows similar action by Kim Eng Securities yesterday. Clampdown not surprising considering stock's 2X surge to yesterday's record intraday high of S$2.79 since start of October; gains not based on any newsflow. In response to SGX queries, company says it hasn't noticed any substantial change of major shareholders, isn't aware of reason for recent stock action. Support tipped at 15-day moving average of about S$1.58. (FKH)
Luckily my "Sifu" Mr Rayphua give warning on 13 oct to stay away for now if not...........
| rayphua Member |
Posted: 13-Oct-2007 21:48 |
 x 0  x 0 * Alert Admin |
Thanks Synnexo, appreciated. Just thought I should keep you folks updated on the latest market technicals. Newbie2007, I'm not a follower of the Elliot wave theory, but one thing is certain...many counters would do its biggest surge before a fall. Retailers take entry on those days, the boys throw their positions to retailers and fund houses. Stx - Momentum weakened the last 2 days. May rest before another move. Uniasia - Big surge on Friday. Stay away for now. Labroy - Momentum weakened on Friday. There are better counters to trade. Cheers. |
Chng Ke want this poised baby to kill BBs. Pls stay away.
All investing bros, my broker told me to stay away from this conuter also. Trade with care, he said more correction is coming based on their response to SGX's queries.
chan077, sorry you did mention your buy price. Hope you have solved your problem by now. I asked my broker just now if there's any limit imposed on trading Uni-asia, my broker gave me a good trashing. "Too speculative this counter and there will be heavy correction next week if it goes down further, Stay away from junk stocks!" he said.
He told me many have lost heavily and he doesn't want to see me die also. So nice of him to give me such a stern warning. I only wanted to know what the trading limit was. I have lost thousands and thousands, dare not count, traded since Malaysian clob days. Sometimes you have to pay to become a better trader.
chan077, sorry to hear about your predicament. You didn't mention your buy price. To preserve your funds to survive another day in the market one should cut loss 8% below your buy price. No one knows when or how much the next target is or if it will ever rebound or be played up again. Speculative stocks which have risen too quickly will come down quickly and best to avoid. They are manupilated by BB. The stock market is a merciless place. Big fishes will eat small fishes and they don't care if you die badly.
Look like it is going down.
Shorting Bros, If got other good counter, do let me know. This counter not much meat to eat.
Not vested but better to cut loss on the rebound. BBs not so stupid to keep on selling down lest the short sellers make easy kopi $$$$ . Not vested since no major biz announcements or earnings visibility for Uni-Asia.
Enough of shorting. Good luck folks.
UOBKH Online trading had restricted for this baby.
thank for all the info
i bot 40 lots
this time die liao
anyone know the open market value for this stock?
mean it will go down again?
chan077, my advice is to cut loss immediately before it drops even further.. better to cut loss now & learn a lesson.. you just wont know what's going to happen..
par value only usd 0.16 per shares.omg this stock is way over traded. sky high px.
anyway rumors this stocks is played by a agreesive but not experienced bb from geylang, that explained the drop.
Chan077,
If you can't hold this for long term in order for it to eventually break even or even return to a profitable position (and no one can say with certainty when), or if you actually bought this on contra (i.e. bought this without intending to put up capital upfront in order to make a fast profit by selling within 3 days), you probably should sell off your holdings and cut loss immediately without hesitation.
I'm not vested in this stock myself, neither do I have a full understanding of the business behind this stock, so I can't comment on whether the big price movements are justifiable/reasonable.
No point agonising over the loss, take it as a lesson learnt.
IPO is the initial launch price when they listed on SGX on Aug. I think is $0.55.
So how many lots you got yourself at 2.52?
See 2moro how is the share and decide...nobody can tell what happen next....
wat do u mean by ipo price?
how much is that?
im new and i got myself into trouble now
can someone help to explian?
thank you
wat should i do?im in a loss now
cant imagine i can get it at 2.52 and eventually drop till 1.95
i heard it shot up all the way but drop until like crazy
will it rise again tomorow?
wan to minimise the loss
Best trading lesson of the year.
As for me, I will wack up first and sell it later. Maybe short it later like most of you.