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Strenghtless Counter or something big?
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Hulumas
Supreme |
03-Nov-2007 11:32
Yells: "INVEST but not TRADE please!" |
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Dear Andrew, For this particular share, I beg to differ your entirely points. The price level <Sgd. 0.30 is worth investing though the result is not that good, but the share price is on the undershooted (severe under-value) condition. |
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Andrew
Master |
03-Nov-2007 00:57
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The dragon stocks rally last month was due to hedge fund doing US dollars "compensation". A massive pump and dump. I was luck to exit sinofiber with a nice profit (If I have not exit and been too greed, I will get nothing two day later. A loss, 2 week later). It is not likely that it will happen again in the near term. As for the 200b fund from PRC, well, no show. Chinese government will only invest in company which allow them to become executive board of directors. Additionally, it must be a stragtic asset. So SunVic is not in this cat. You can : a) Cut Loss - One time pain. Remember to cut loss at 8% next time. pple with UniAsia did not even have that chance at all - 15~20% everyday for 3 days.....Wow..man... b) Trade within the Band - Sell half at high, buy back half when low. Let price move up until it start to drop 2 bid....sell and wait for the lower band. (Just a guide - you need to be good in TA) c) Averaging - Not a good idea, resource intensive and for what you know, a bottomless pit. d) Wait - Long Term Play, everyday you carry the paper loss. Very stressful. Also, your fund is frozen. I suggest you wait for results and decide if it is still a worth while investment. |
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Happyseah
Senior |
02-Nov-2007 19:40
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On a downtrend recently. Results might not be good. Be careful... |
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melvinaw
Member |
02-Nov-2007 19:35
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Hi Andrew Yep i am still holding onto it... So sad.. i miss the 40cts marks... When im not around to monitor this counter n it shoot up above 40cts... Now i wanna sell it but it never touch 40cts again... I miss it... Andrew may i know is it still possible to make it to 40cts anymore? |
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babyletsgo
Member |
02-Nov-2007 17:35
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can buy n keep at 0.285 ma?
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Andrew
Master |
01-Nov-2007 22:46
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Hi Melvinaw, you are still hanging on to the stock since Aug ? Well, as I said then, it should be about 30cts. As the NTA is 22cts. I doubt there will be any significant downside. OCBC said it fair trading value will be 42cts max. back in Sept. Q3 result should come in around Nov 14. You may want to trade within this band to reduce your loss. It is going to be tricky but "Attempting 60cts" may be difficult in the near term. Main shareholder own 53%. So free float is going to be thin.....which imply trading volume can only get thinner. With oil price so volatile. I think there may be a few CAO fiasco happening so in the oil & gas sector. Let hope I am wrong.......take care. |
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tchoonw
Veteran |
01-Nov-2007 19:56
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i keep on shorting and made good $$$. Join me to short Sunvic below 10c! |
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melvinaw
Member |
01-Nov-2007 18:30
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For those bro n sis out there who monitor this counter, can i have your opinion on this counter or is it that u all had already give up on this stock long time ago. |
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