Latest Forum Topics / COSCO SHP SG Last:0.135 -0.002 | Post Reply |
CoscoCorp
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Veera99
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05-Aug-2011 12:17
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All charting and analysis simply go into toilet when there are rumours or news!! To be honest i dont believe anyone simply claims that they make thousands just going by charts..Could anyone predict this fall last week based on the charts? Charts are helpful to make a living, but it will not make you rich or wealth. But to become an expert in chart requires more time and effort!! |
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iPunter
Supreme |
05-Aug-2011 12:17
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This is why holding or averaging is only for rich people     who can afford to lose a lot of money and don't need it... 
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Bloodybloke
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05-Aug-2011 12:15
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Ireally really feel that charts are kinda useless as stocks are just based on supply and demand. Few months ago in school when i took a module on technical analysis i just couldnt stand it(the teacher saying how well it works and all) i just told him if it was that great why dont u stick to the theories and all and make nice money instead of teaching and boasting? I also know some people spending thousands to LEARN about charting and technical analysis, only to lose thousands more when they start trading. I feel some of these courses out there are simply scamming green horns money into making them think it would be a worthy investment. However i do agree that following a chart is also  good because it prevents one from trading according to emotions which can be devastating..
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bh704428
Veteran |
05-Aug-2011 12:14
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just curious, do u know wats the dividend paid out per lot for cosco? BTW, I had sold all my 15 lots yesterday which I bot 2 days ago
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Veera99
Member |
05-Aug-2011 12:11
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Not sure if the downtrend is already over...price can go anywhere. If you can hold for mid-term, just hold and see if you can average. Before 2008 this was quoting more than 3 SGD i guess. Cut-loss is good only if its done on right time. I have more than 15 lots with avg of 1.80. But i bought with the long term view, but unfortunately the results were bad and nose dived. Too me cut-loss is not possible unless if i need the money badly..rather cutting loss, today i will wait for some more time. | ||||
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iPunter
Supreme |
05-Aug-2011 12:08
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A chart only shows what is possible...     By itself, it does not predict anything...               If chart users lose money, it is not due to                       the chart, but due to the people who staunchly                             believe in their belief (ego),                                         with or without a chart... 
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Bloodybloke
Member |
05-Aug-2011 12:06
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yea i just feel the downside is coming to an end after such a hardcore drop, and it MIGHT drop a little more but sooner or later it will rebound once the massive buyback starts :)
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sriramanv
Member |
05-Aug-2011 12:02
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Cosco is not that bad. Market trend and results made this stock like this..but there was a time everyone was giving a buy call on this counter with targets above 2.50 etc., I think sembmar holds 30% on cosco. Fundamental is still not changed, if you are a long term player dont just decided on QoQ basis. | ||||
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Bloodybloke
Member |
05-Aug-2011 11:59
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kinda true thats what i heard too as i said, but i wanna just hold out for 1 push and hopefully sell this away..ahh welll....
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sriramanv
Member |
05-Aug-2011 11:59
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It may already be too late to cut-loss (i do have this counter with a higher price). I may either buy some more to average and come out once it bounces up. | ||||
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Isolator
Supreme |
05-Aug-2011 11:58
Yells: "STI is hard landing to below 2000..." |
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There is always a possiblity.... That's why look at  chart carefully and not to be distracted again..... Continue to trust your charts
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Gaecia
Elite |
05-Aug-2011 11:56
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Bintang,  do u  have a blog site? Can you share the link?  i wish to learn more charting from your perspective. Thank you so much
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Bloodybloke
Member |
05-Aug-2011 11:54
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Not that i have confidence in this stock but more of waiting for BBs to re-enter. I heard from some remisiers this kind of stock are " dirty" and not transparent like Keppel or SGX therefore its  bad for long term because the public doesn't really know whats going on behind the scenes. However if big player wants to push up the stock really nothing can stop them, and thats kinda what i am hoping for now. I also feel that this massive dow jones drop is a move by big players to clear and weed out all the retail traders(mostly those who contra) before making their next push and trapping people once again when the market makes a turn(as always). |
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Isolator
Supreme |
05-Aug-2011 11:51
Yells: "STI is hard landing to below 2000..." |
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Dont hold Cosco.... just day trade..... It is for trading... | ||||
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forgot2bme
Senior |
05-Aug-2011 11:40
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Buy and hold do not work well for downtrend stocks.. It will just go lower and lower.. That's why practising cut loss is an art to minimise losses and you can always try again when the trend is in your favour ...  | ||||
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bh704428
Veteran |
05-Aug-2011 11:36
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so u have confidence in the mid-term( a few mths to half a year) for cosco?
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Bloodybloke
Member |
05-Aug-2011 11:34
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  i only got 9lots lolol im poor and a few k means quite a lot to me to be honest. However i do believe that patience pays and i have no problem holding it for months :) | ||||
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bh704428
Veteran |
05-Aug-2011 11:31
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looks like this  few days  you are very suay! yesterday u bot 1,45 ,u cut today. just now u shorted at 1.35, now u covered at a loss too
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bh704428
Veteran |
05-Aug-2011 11:26
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u have how many lots at 1.47... if it'svery few, then........
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forgot2bme
Senior |
05-Aug-2011 11:16
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You are very brave.. I believe many of us have cut loss... Coscocorp is still in downtrend.. |
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