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Reminder to newbies

ur CNA fren reallt gt himself into deep shi..

ans: bengster?

 

I got this email from a CNA friend. Guess who is the BRO mentioned here?!

[quote]

Be VERY CAUTIOUS with those BROs you though could make you rich...

How I got into this mess: My "BRO" sent me a few SMSes on THU 1 Nov b4 Mkt opens (I was already in office solving a colleague's PC problem).
- "Biosensors <$1 just grab. I bot xxxlots for contra"
- "What's the news?"
- "Just grab. TP today $1.08"

So I quickly went abck to my desk, logged on & check: Sell $0.93; Buy $0.98. I Q at 0.97 for 30 lots.

- "Bro. OK or not ? I Q at 0.97"
- "Good"

That was how I got into this mess.
Then FRI US fell 3xx points.

I SMS him early in the morning after checked that Bios Buy $0.87; Sell $0.905:
- "Bro, Your Advise"
- "No problem. Short 50 lots at 0.87 - 0.89. 100 lots also OK I always short in the am & cover should make"
- "But I nv done Shorting leh. OK or not?"
- "No problem"

So I Q $0.88 to Sell 80 lots.
... Partial fill 50 lots.
I further Re-Q at 0.875 to short 22 lots.

- "Bro, no worries, later when HK open, sure drop further. Dun look at the screen, go shopping & back later pm"

... When HK opened, I nearly fainted! Bios went up instead.

- "Bro. How? Went up instead"
- "I tot you covered at 0.87 you didn't?"

Wa! heard this I almost heart attack! KANA played out liao!
Some more asked me to go shopping but I kancheong type kept staring at screen if not jia lat man!

- "Cover loss brokerage only nvm"

I Q 0.875, missed; 0.88, missed then 0.885.
Wa LAN K.nn during the panick I bought in 80 lots again in stead of covering 50 lots.

I SMS him after that.

- "Its a blessing in disguise, CE Mark coming, xxx banks are buying"

I posted my article on intimate contact with Bios...

Monday morning.
- "Bro, I Q 0.91 to sell"
- "No too early, CE Mark news. You dun look at the screen, I monitoring whole day. Will let you know at right price"

I was out till 4.30pm.
He never SMS me whole day must be good news?
When I logged on almost fainted again. 0.855, going down.
- "Bro would you pls offer some help. I am in big trouble."
No response.

I thought he was away or busy.
Then I realised he was still posting in other threads giving advise.

I Q & only managed to let go at 0.84 - 0.845.

So Sad.
- "Bro would you pls offer some help. I am really in big trouble."
No response.

Also, before this Biosensors he earlier kept asking me to buy Oculus when the RTO news came out.

I asked really can meh. He said BETTER than Svaings A/C. Treat as Fixed Deposit for only 3 - 5 months sure make. TP above $0.50, maybe above $0.60. That's why most of my savings went to Oculus as he kept sweetening it.

I noticed price getting lower. He told me not to be bothered by the current prices...

I then saw one thread he posted 2 days ago, asking people to sell...
Wa LAN?!

Today again I saw his post: He actually sold off at 0.96, BUT I was called to buy at 0.97 b4 market opened... Why Did he do that?

NOW I really regret. BUT If I blow his cover, I dunno what will happen.
I also dunno what to do with Oculus. If sell, my savings all down by almost half.

I also suspect he is actually a typical Hit-&-Run guy & not a sincere friend. With his earnings by just one SHORT deal he could make more than $200K.

AND after getting me into this he still posted in my thread to console me... Wa LAN. I think he can easily underwrite my losses...

BTW, my wife & kids returned last night bcoz my sons needs to go to school today. She just asked me to get back our savings. BUT how?

I am a person with little savings. Hope to make some extra money for better life. Got into this mess. Only Stupid enough to believe him.

BTW, I have met him b4 for kopi the day b4 my Birthday. He stays in Bishan. He said he didn't trust anyone in the forum but thought we can be friends.

I have alerted Johnnytanki on MSN & he also stuck in Oculus with paper loss.

Haiz.

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