Post Reply
701-720 of 2251
Very disappointed with the counter. It refused to break to 6.6 the whole day. So I am going to throw at 6.5, my breakeven price for yesterday's trade. (Breakeven with marginal loss or win, didn't calculate exactly). Those who have a lower stop price should watch this counter carefully. If it cannot stand 6.4, then it is finished and will do down very slowly 2 to 3 pips a day preventing shortists to make good money). By the time they work out the placements, I believe it would be around 5 cents or could be lower. I am watching and may let go today or tomorrow.
Never mind.. It is a lesson learnt. It took Innopac to wake me up about the dangers of bluffing without having any good cards. Remember I went practically all-in on Innopac without considering the fact that I studied the company once and found it a deep hole. But while I was travelling, greed took over and I forgot every single thing I studied. A few minutes after I bought near 9cts, I reopened my ipad trading app and saw that the price had crashed to 7cts and that is not 50-100lots mind you, but a full 400lots (almost 40k). Jackspeed ought to have taught me a lesson before, but the loss was very manageable as I only played 40 lots so I (unfortunately) forgot all about it when it was most required as a restraint. My trading profits as I went in and out of Hankore during the rise probably contributed too as I bet big and won a lot. One greedy trade was all it took to wipe out my entire years profits and bring me deep into the red.
That lesson and Lucky's technique here showed me the dangers of playing all my chips at once. While it may well be a little late given that Innopac is now trading at 3.3cts and still trending lower, the tuition fee I paid will never be forgotten and the pain endured will serve me better in the future when I trade short term and invest long term. I have had countless sleepless nights since that fateful day. The 4th of October will forever be etched in memory.
I realised that one must never chase the price of a stock. Yes, I agree that occasionally we look at the screen, pick a stock in the top 20 showing unusual activity and say that this one will run and indeed it does, making us regret that we did not buy. And then comes a time when we actually buy and what typically happens? It craters and we caught the high. I guess that it why many bought Hankore at 7+ cents- because they were afraid of missing out on a run that may or may not occur. This itself is a form of chasing a stock.
I have been collecting (investment) HK at around 40-100lots everyday. For trading, whether I intend to trade upwards or downwards, I now buy small like 10-20 lots and if the price moves favourably, I add to my position. Otherwise, I cut and end the trade or take the other position. Yes, the commission is punishing, but I would rather lose a $60-100 commission than lose $3000 in capital in a day as I buy big and the trade sours.
I saw your posts in the other threads. Hope you are doing okay. Remember that stock markets are like that. There are winners and losers. And like a casino, the biggest enemy is not the BB, the directors, fellow forum members shorting your stocks, our brokers, the dealers. or anyone else but us ourselves. So long as you have learnt your lesson and not repeat it, it will do you very well in the future. You are still young I believe. Only if you are losing your pension or retirement monies should you worry but even then...life is short and getting shorter.
It is all about risk management
That lesson and Lucky's technique here showed me the dangers of playing all my chips at once. While it may well be a little late given that Innopac is now trading at 3.3cts and still trending lower, the tuition fee I paid will never be forgotten and the pain endured will serve me better in the future when I trade short term and invest long term. I have had countless sleepless nights since that fateful day. The 4th of October will forever be etched in memory.
I realised that one must never chase the price of a stock. Yes, I agree that occasionally we look at the screen, pick a stock in the top 20 showing unusual activity and say that this one will run and indeed it does, making us regret that we did not buy. And then comes a time when we actually buy and what typically happens? It craters and we caught the high. I guess that it why many bought Hankore at 7+ cents- because they were afraid of missing out on a run that may or may not occur. This itself is a form of chasing a stock.
I have been collecting (investment) HK at around 40-100lots everyday. For trading, whether I intend to trade upwards or downwards, I now buy small like 10-20 lots and if the price moves favourably, I add to my position. Otherwise, I cut and end the trade or take the other position. Yes, the commission is punishing, but I would rather lose a $60-100 commission than lose $3000 in capital in a day as I buy big and the trade sours.
I saw your posts in the other threads. Hope you are doing okay. Remember that stock markets are like that. There are winners and losers. And like a casino, the biggest enemy is not the BB, the directors, fellow forum members shorting your stocks, our brokers, the dealers. or anyone else but us ourselves. So long as you have learnt your lesson and not repeat it, it will do you very well in the future. You are still young I believe. Only if you are losing your pension or retirement monies should you worry but even then...life is short and getting shorter.
It is all about risk management
Spivvy ( Date: 31-Oct-2013 12:06) Posted:
|
ofcos holding la. tamade. buy already at 7.2 it drop. I Dont buy that time it donwan to break 7.2. Jin Gwai L. Die die i also hold. No monies to average down liao. Can take back my capital i run road forever. Just buy blue chips next year wait for crisis & opportunity. Otherwise if hk return to 3 cents just hold and come here curse and swear. And in future tell people dont buy S-pennies anymore, even those with good FA.
cccx123 ( Date: 31-Oct-2013 08:10) Posted:
|
I hope the opposite is true...previously before a heavy selldown..I c 1 lot buy all before a larger drop..today I c few 1/4 lotters selldown...hope tt it's a prelude to heavy buy up!!!
wendel ( Date: 31-Oct-2013 10:26) Posted:
|
Opposition party just had its potential vote count increased by 1 lol
Share7 ( Date: 31-Oct-2013 10:00) Posted:
|
it's sell q is piling up gradually. Buy q has not much movement.
s watch tower loses credibility...Different stocks, different judgment. Like that also can...now Market bleeding, confuse, frustrated but high salary continues....this is a human `manufactured pennies crisis'. Cannot blame s-chit liao...all spore chit. HK will recover but may take longer. Hopefully 1Q results helps.
leeeta ( Date: 31-Oct-2013 09:22) Posted:
|
Today likely to surge back to 6.8 cents owing to buying by short sellers and creation of new positions.
mgrow2013 ( Date: 31-Oct-2013 09:27) Posted:
|
Remember the dive to 3.9c in Jun before she shoot up to 8+c...I'm still vested. Good luck to all
Polarbear55 ( Date: 31-Oct-2013 00:04) Posted:
|
let the dust settle.. the recoil up will be much stronger.
boy1985 ( Date: 31-Oct-2013 09:03) Posted:
|
In fact can be considered cheap already lah, that is why there is much collection. What is the NAV?
boy1985 ( Date: 31-Oct-2013 09:03) Posted:
|
Wonder who still collecting??
Are you still holding?
Spivvy ( Date: 31-Oct-2013 08:08) Posted:
|
tamade.
Polarbear55 ( Date: 31-Oct-2013 00:04) Posted:
|
Just checked.. The 4cts warrants expire in about 6 months and the only substantial holders left are giant delight (david himself) or PWGWL. Can't remember who that is but the name is very familiar. Might be David himself seeking to reinforce his stake in Hankore too..
Will continue to collect, if only at reduced amounts until I see the base, which may well be higher.
Lots of shortists returning..tipper, new6fie and reliever. Wow..never saw them for a very long time.
In good days like last month, 30 million shares will not be very significant given the total issued shares of this company. But ytd, we saw how less than 80 million shares was required to push HK down 5 pips. Long term impact is negligible but short term wise..with such poor sentiments being exacerbated by an "90% crash is orderly" regulator, who knows!!
Will continue to collect, if only at reduced amounts until I see the base, which may well be higher.
Lots of shortists returning..tipper, new6fie and reliever. Wow..never saw them for a very long time.
In good days like last month, 30 million shares will not be very significant given the total issued shares of this company. But ytd, we saw how less than 80 million shares was required to push HK down 5 pips. Long term impact is negligible but short term wise..with such poor sentiments being exacerbated by an "90% crash is orderly" regulator, who knows!!
SGX has no more credibility. They should not put both regulatory/enforcing role and one with commercial interest under SGX. They also queried Hankore on 29 Oct :
RESPONSE TO THE SGX-ST?S QUERIES REGARDING TO THE COMPANY?S ANNUAL REPORT DATED 14 OCTOBER 2013 FOR THE FINANCIAL YEAR ENDED 30 JUNE 2013
In response to the e-mail queries received from the Singapore Exchange Securities Trading Limited (the ?SGX-ST?) of 25 October 2013, the Board of Directors of the Company (the ?Board?) provides the information as set out below:
Query 1
We note that there are material discrepancies between the unaudited Consolidated Statement of Cash Flows (announced on 29 August 2013) and the audited Consolidated Statement of Cash Flows in the AR2013. Please disclose and explain the material discrepancies as required under Rule 704(6) of the Listing Manual.
Company?s Response
There was approximately RMB12 million difference between the cash flow from operating activities and financing activities in the unaudited and audited consolidated statement of cash flows. This was mainly due to a reclassification of loan origination costs made from other current assets to borrowings.
Query 2
We refer to Page 118 of the AR2013 on the disclosure of substantial shareholders of the Company. Please provide the necessary disclosure under Rule 1207(9)(c) of the Listing Manual.
Company?s Response
The ultimate shareholders of the following substantial shareholders are as below:- 1. Giant Delight Holdings Limited
Mr Chen Dawei, David is the sole shareholder and director of Giant Delight Holdings Limited.
2. Total Summit Technology Limited
Total Summit Technology Limited is an indirect wholly-owned subsidiary of Jiangsu Tongyong Environment Group Co., Ltd.
The shareholders of Jiangsu Tongyong Environment Group Co., Ltd are Zhang Juping and Zhou Xiaoqin.
BY ORDER OF THE BOARD
Chen Dawei, David Executive Chairman 29 October 2013
RESPONSE TO THE SGX-ST?S QUERIES REGARDING TO THE COMPANY?S ANNUAL REPORT DATED 14 OCTOBER 2013 FOR THE FINANCIAL YEAR ENDED 30 JUNE 2013
In response to the e-mail queries received from the Singapore Exchange Securities Trading Limited (the ?SGX-ST?) of 25 October 2013, the Board of Directors of the Company (the ?Board?) provides the information as set out below:
Query 1
We note that there are material discrepancies between the unaudited Consolidated Statement of Cash Flows (announced on 29 August 2013) and the audited Consolidated Statement of Cash Flows in the AR2013. Please disclose and explain the material discrepancies as required under Rule 704(6) of the Listing Manual.
Company?s Response
There was approximately RMB12 million difference between the cash flow from operating activities and financing activities in the unaudited and audited consolidated statement of cash flows. This was mainly due to a reclassification of loan origination costs made from other current assets to borrowings.
Query 2
We refer to Page 118 of the AR2013 on the disclosure of substantial shareholders of the Company. Please provide the necessary disclosure under Rule 1207(9)(c) of the Listing Manual.
Company?s Response
The ultimate shareholders of the following substantial shareholders are as below:- 1. Giant Delight Holdings Limited
Mr Chen Dawei, David is the sole shareholder and director of Giant Delight Holdings Limited.
2. Total Summit Technology Limited
Total Summit Technology Limited is an indirect wholly-owned subsidiary of Jiangsu Tongyong Environment Group Co., Ltd.
The shareholders of Jiangsu Tongyong Environment Group Co., Ltd are Zhang Juping and Zhou Xiaoqin.
BY ORDER OF THE BOARD
Chen Dawei, David Executive Chairman 29 October 2013
leeeta ( Date: 31-Oct-2013 00:39) Posted:
|
Can you guys believe it? sgx says that sky ones 80% drop is orderly. Wtf.
These Cb holders have held out for more than 2 yrs...and there is no reason why they can't go long. If they want to sell, yes it's short term price impact. So be it.
Lucky03 ( Date: 31-Oct-2013 00:10) Posted:
|
The disclosure of the warrant holder converting 31,000 lots may be a good news instead. If indeed they cash out, it will only have short term impact as 31,000 lots can significantly influence day to day price movement only and the last 2 days fall may well be the evidence. These CB holders are not long term investors. They are only interested in positive yields above market. They held on because they have no choice. Remember not too long ago that a similar major shareholder (CB holder too) cashed out 100% after Asdew invested and Hankore price surged past 5c ?
We shall see if indeed the impact is only short term.
In the meantime, I queued to buy and I still hold that 5.9c should be a good base to launch the next assault.
We shall see if indeed the impact is only short term.
In the meantime, I queued to buy and I still hold that 5.9c should be a good base to launch the next assault.
leeeta ( Date: 30-Oct-2013 23:50) Posted:
|
Won't be a surprise that we will witness a deep dive before a bounce up..no later than this Friday.
With the warrant thingy now..I won't rule out even 0.048. Guess it will settle again at the all familiar 0.052-0.053.
Haha..maybe thread name got to revert to 'march up to 7 cents' again 😔
With the warrant thingy now..I won't rule out even 0.048. Guess it will settle again at the all familiar 0.052-0.053.
Haha..maybe thread name got to revert to 'march up to 7 cents' again 😔
leeeta ( Date: 30-Oct-2013 20:27) Posted:
|