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I still think this counter should be shun by small retail players. You cannot pit against the market manipulators esp in this counter, they are too overwhelming for the small fries.. Just let them do what they want with this counter, but don't ever buy to give them pocket money. They may play to $2.00 so what? As long as you don't have this counter, you are safe.
investor ( Date: 04-Jan-2009 14:52) Posted:
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SHort Term Technicals looks bullish. First level resistance is previous high at 0.345, followed by 0.37 (near 100 days mva).
Share price clearly above its 50 days mva, with the 20 days mva crossing 50 days mva in the middle of Dec.
However, bear in mind, most of the stocks in the mkt also looks short term bullish.
The stock has achieved a 'higher low' (recent low at 0.285) and the trend will look firmer, if it is able to achieve a 'higher high', ie above 0.345. (ie to close above this price, preferably).
Not a call to buy/sell. Traders should adopt 'stop loss' techniques.
If BBs accumulate, you will be able to tell by unusally large volumes. Low volumes means no interest.
crimson ( Date: 30-Dec-2008 15:36) Posted:
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Any experts able to advise if BBs accumulating at current .30?
Cause have being hovering at this price for several days already
Its low was 0.225 when STI was 1472.77. You decide loh. AK bought 10 lts at 0.26 to acc, though still losing $.
Averaging down killed many of my friends. They are trying to catch the bottom.
Especially in times like this when you don't know when is the bottom.
Livermore,
You are the smart one, one of the 5% elite. Yes, averaging down is the worst strategy in trading.
But the thing is many who average down when price is down NEVER average up when price is up!
When you get stuck at a stock, it does not mean you need to average down unless you are pretty confident there is significant upside to this stock.
trader88.sg ( Date: 27-Dec-2008 06:55) Posted:
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Many have been tricked into buying BIG and made losses and yet many are still attracted to buy BIG.
BIG, what a charismatic creature I would say.
They perceived that during ds rull n dull market, the px could be a good bargain. Its ok loh.
moneytalk.sg ( Date: 26-Dec-2008 15:35) Posted:
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But people still went in to buy ?
Blogging at moneytalk.sg on the stock market, ETF and anything to do with money.
787180 ( Date: 22-Dec-2008 10:09) Posted:
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Have being hovering around .30 even though there's not much BBs in the market due to holiday... any advise whether if it will go down some more, or should hold and wait?
Bernie ( Date: 25-Dec-2008 21:11) Posted:
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Well said Scotty. Merry Christmas!
In my honest opinion, we cannot blame anyone for this stock going down. 95% of all SGX counters are all falling now. Biosensors is not an exception.
I guess this stock is going back to its old track again................going down............
Agree, agree. W/o speculators where got vol? Then also market makers cannot make money if no one is playing. In fact if there is no stock market, thousands in Singapore will be out of job and the brokerage firms will close down causing more problems to the economy. So market must move and move tho' once in a while takes a breather or holiday to relax the minds.
AK_Francis ( Date: 23-Dec-2008 12:36) Posted:
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Ha ha, without manipulators around, market quiet leh. Can be seen in ds festive season loh.
We must admit he is good at convincing us to buy. Not vested now.
Younglady ( Date: 23-Dec-2008 11:44) Posted:
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Bengstar is a manipulator, I guess. Now no more of his news already. ppl exposed him.
But I think this is quite a good counter on longer term but short term is abt cloudy
Like other shares, this guy will move only if there is some play. If no play it will stay at current level or even go lower.