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Contel Corp
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nqing87
Veteran |
21-Apr-2013 22:40
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i think the poor guy couldnt hold any longer.. he doesnt have the holding power in first place, and had played contra.. so he has only like say 1 or 2 days to let go.. whether it chiong above his bought price or not, he has to let go since he cant hold.. this shows the danger of playing contra.. he has my sympathy but then again, i dunno how a person can plainly rely on someone else words, regardless right or wrong, and make such a big move.. the forummers here are no fortune tellers, both side have their story and reasons to say why a stock is good or bad, but at the end of the day, the decision is oneself to make.. here we have a person who decides to follow ppl making positive comments & end up making losses as it doesnt go the way that was wanted.. conversely, if those had listened to negative posts and then the stock shoots up, i think the blaming will be on the ppl making negative comments.. in short, trust only yourself..
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terencee
Master |
21-Apr-2013 20:37
Yells: "I don't entertain trolls." |
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I think is wolf in Shepard clothing. Haha.. Half way to wolf den, his stomach rumble already. Then eat up poor lost sheep. Hahaha...
But seriously... A negative person can only tell him to cut loss ASAP. But if tml market break 10c, the poor lost sheep how ah? Haha... Once 95 is broken tml, be sure to look out for 99 and above.
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gelu2279
Member |
21-Apr-2013 20:25
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Whoa shepherd has come to lead the lost sheep... To the wolves den? :) | ||||
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terencee
Master |
21-Apr-2013 20:08
Yells: "I don't entertain trolls." |
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Haha., welcome to reality?
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medivh
Elite |
21-Apr-2013 20:06
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I may sound insensitive but this story sounds like one of those " If you care, please forward this to 100 persons" .  Are ppl really so gullible? Still putting chocolate milk and cookies out for Santa? DYODD.   |
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Stockcham
Elite |
21-Apr-2013 19:20
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Hi vincente, It's better to lose 24k rather than to lose your wife. There's still plenty of opportunity to make back 24k but hard to bring back your wife. This is an open forum and anyone can make any comment. It is up to individual to believe them. As mentioned a few times. Many stocks are controlled just like soccer club. If so many punters think it defintely move up, it is likely to move down. The RTO is one of them. Before the confirmation, everyone discussed about how much it is going to open when RTO news is confirmed. It is unlikely to move as most of you expected. Let me share with you all again. Have all of you seen how a company shares move after suspension  when it has news of RTO?.  What I mean is that there was no news about RTO before the stock suspend. The first buy price will be very high when te queue starts at 8.30am because investor want it even if at that price. Now compare with Contel. if I remember correctly, the first buy queue starts from 0.088(can't remember clearly) which is just only 7 bids above the last closing price.  Then buyers starts to come in pushing the match price slowly to 0.089, 0.09...and so on to finally 0,101. Come on, we are talking about RTO. Why the first queue price is only 0.088(only 7 bids??. The first buy price at 8.30am should be 20-30 bids or more. You do not need 1/2 an hour to reach 0.101. Think about it. So when will Contel cheong?. Hard to predict. I guess the time will be when the RTO news has tone down or when those bought on " the first day the suspension lifted" has unloaded their stocks. You see, if Vincente has 2000k to unload within these 2 days, how many of Vincente are waiting to unload?. On Jubilee, it has risen 2 days and it is common that profit taking takes place with some short trades. It has broken historical high of 0.285 and this has become a support. As long as it doesn't drop below this, it should move higher. Let's see how it goes on Monday. I believe it will not drop below 0.285. Don't be surprise if it moves up further. I may queue to buy at 0.28 or 0.285 if there is constant buyers coming in to support at the support price. Actually I have shared on how to see whether the resistance will be broken or just a trap. But don't know why my post is not posted. Anyway, don't worry of a wall of sell queue buy beware of a wall of buy queue. Good luck all! |
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Tomique
Master |
21-Apr-2013 17:37
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Frankly, there has been a lot of farce in this Contel thread, deliberately either trying to mislead or trying to ridicule the thread for the fun and kick. In investment, especially in shares no matter what counter one is playing, the potential of losing money is always higher than the prospects of making money. Share investment is almost a zero sum game. When you make money there will be others who lose to you in terms of actual money or opportunity costs.   And likewise if you lose there will be some others who make or otherwise taking the opportunity costs from you.   Regarding the RTO, the relevant parties have already made their announcements and confirmed the " deal" has been " sealed" . What is going to happen now are the steps or procedures in line with regulatory requirements such as passing of resolutions by Contel shareholders. It is much easier for the Yuuzoo side as it is a private corporation with little need to follow listing procedures for the time being (as long as it is a private entity following its own M& AA.) Only when it is acquired by Contel will Yuuzoo become a public company. (In this case, Yuuzoo will become a subsidiary of Contel since the purpose in the MOU is intended to buy Yuuzoo by issuing shares in exchange for its purchase and allowing Yuuzoo to be the majority stakeholder of Contel).  Upon Yuuzzo becoming a public company's subsidairy, and being in control of Contel, it is likely the new controlling board of directors will do business under the name of Contel or Yuuzoo.   Eventually both companies' shares will be merged as it is easier to control one single entity and directors will want Yuuzoo's shares to be marketable. (Who don't want money?). I believe there is good prospects for Yuuzoo or Contel, that is why I am still vested.       |
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student
Veteran |
21-Apr-2013 16:55
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Well, people DO have a choice who to listen to, or accept as guide.   |
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rotijai
Supreme |
21-Apr-2013 16:45
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vincente... obviously u were over excited by all the positive posts made by some forumers... and u never notice the reminders that i have been making for the past 1-2 weeks... anyway, it's almost over. bear in mind, $ can earn back overtime like wat u said. stay strong and u arent alone.. i also got burnt before.. learn a lesson from here
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qwertyuiop00
Veteran |
21-Apr-2013 16:15
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hopefully contel will go up to your cost price tmr so that you can at least break even with just losing on commission costs
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nqing87
Veteran |
21-Apr-2013 15:40
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good to see we have seniors helping out here.. whatever the advice given, at the end of the day it's one self to decide.. let's hope his advice will help him out
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clickshop1628
Veteran |
21-Apr-2013 15:39
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Well said, bro. Just want to add: If punting, one needs to have a tight stop loss, especially with such a huge position. If investing, should have done  home work BEFORE  buying, not after you bought. Then, you can take a view and ride it out, there is no need to have sleepless nights. Everyone must take full responsibility for his/her own trades. One must understand that everyone here has a view and a vested interest. Don't follow any calls blindly, especially if you are whacking big and cannot sleep when the tide turns against you. There are still there are 2 risk factors here, IMHO : 1. the deal falls through - happened before with YuuZoo/Alanco so it is not impossible. 2. the deal goes through completion by 31 dec 2013 but Yuuzoo fails to deliver the kind of profits they forecast. Is it all hype and bull crap or really a great growth story? Investing and speculating is all about managing your risks.       
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Handsome
Member |
21-Apr-2013 15:33
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make ur decision after tomorrow closing,u might not be sad anymore, just after tomorrow closing
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nqing87
Veteran |
21-Apr-2013 15:18
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hi bro, sorry to hear your situation.. i think at the end of the day, what's most important is u do more study on the stock u want to buy, and at least at end of the day if it doesnt go the way u want, u have no regrets.. if u are just going to listen to ppl, then investing such a big amount of 2000lots is really risky.. u have to have backup plans, like say what if the stock doesnt go your way? are u able to pay for it? and like what's your risk appetite? no one can predict 100% accurate always, otherwise they will be even better than warren buffet.. even me myself take quite some time to decide whether to buy contel before monday news even though im buying a meagre 20 lots.. to be honest, i was also thinking like some of forummers here that contel could shoot up alot after opening, and i did not let go when it gaps up, which goes against what we think since it has fallen to 0.089.. let's pray that contel goes up, then everyone happy.. one lesson i learn, buy before news confirm..
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iluvboost
Master |
21-Apr-2013 15:11
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hi vincente, PM me, i give u some advice on what will happen and what to do with yr lots.
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terencee
Master |
21-Apr-2013 15:04
Yells: "I don't entertain trolls." |
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Anyway, 95 is a huge resistance tested. I don't think you should sell at 95 at all. It's either 94. Or you wait till it runs back to 98-99 at least as 100 is a psychological barrier. Cos once 95 is broken, the next resistance should be 100 already. | ||||
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terencee
Master |
21-Apr-2013 15:01
Yells: "I don't entertain trolls." |
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Be a responsible investor not a compulsive gambler.
Losing 12k in a week and causing a strain in your relationship with your wife is not worth it. I hope the newbie realized his mistake and know why his wife is angry with him. He just threw 12-24k out of the window. Just because he didn't do his research on contel and whack so heavily. Such heave positions should have a strict cut loss too. Every bid down is a 2k loss and you can even sleep on it ? I'm seriously impressed. Not want to flame you or what. But you should always make sure you understand what you are buying. Cut losses if you see the trend is reversing. Should you have cut loss at 98 previously when you had the chance, your losses won't be this big. |
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terencee
Master |
21-Apr-2013 14:45
Yells: "I don't entertain trolls." |
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Sorry to hear your plight. But one should never over commit in playing stocks. People can sound bullish but the overall decision is you as you will be at the end clicking the button.
As you said, if tml gap up and you can let go already. By the way, there was no trading on Monday last week so you can't possibly have T+5due on Monday at 101 at all. And even if you have bought on Friday, your price should be at around 81(maximum). As you said, you might let go when tml gap up at 95. How sure are you tml will gap up so much? Haha.. Are you the person who is manipulating everyone here to sell tml when it runs up? Well, once again I would like to let everyone know that whatever you buy here is base on your own risk. We may sound bias and heavily vested. But why? Cos we belived in contel. If you don't believed in contel, why you buy so much? Just cos to want a quick profit? Then you deserve to lose cos you are blindly buying without doing your homework. |
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vincente
Senior |
21-Apr-2013 14:32
Yells: "hope for the best" |
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Hi,I am a newbie here. Currently I am vested with 2000k of conteI corp bought at 0.101(valued at 202K) on last Monday when everyone was praising and chasing this hot stock like hot cake. Initially I was reluctant to post my views here as my views would be contradictory to my position. However after much thought and I considered myself as victim hence I decided to take up the courage to share. I went into this counter mainly because of the exuberance and thinking of making a quick buck just like anyone. It was with blind faith that I leaped into it and I have to make a call decision by tomorrow as my T+5 is due. I noticed that not only myself is caught up in this fix but quite a handy of seniors and newbie as well through their sharing. Many were sucked in at 9.8-10.1c range. Some might decided to hold and wait out while other might want to call it a day. It is your choice and your own decision. As i said earlier I was much influence by their call to buy after reading their positive postings. Regret to say after some recollection and carefully analysis of their comments I find out that it wasn’t the case. Some  statements are  without backing and totally bias. Some claimed the counter to start trading at 20c or even 55c after halt while others making poor comparison between apples and oranges. My intention is not to blame anyone but only hope that forummers can be more responsible in their postings If unsure of your own statement it is best to state it clearly so as not to misled others even you are vested. As you can see that this exuberance posting has yet to subside and were made by the few clicks of people. Understandably they are vested and their views are bias with one recent sharing of only buying at 10.5 and above to show its potential. As some seniors have claimed that the pricing is manipulated by BB.I have a strong inclination that this thread is manipulated too for their self vested interest. My wife have not been on talking term to me after she found out that I plan to use our joint account to purchase this share. I had sleepless nights so does she. I have checked with my brokers, close friends and do more research on this counter. I find out some real hard truth of this counter and realised that pennies are still pennies. The deal is yet to be inked and they have 8 more months to finalise the deal. Dont forget they have a botched RTO b4. Yuzzoo business is very small and there is nothing to shout about. I ask myself Instead of chasing up by 1.1c to 10c.what is next ? The downside of 15-20% is more frightening and real as you can see from other pennies history. As I have decided to cut some loss by as much as 24k or hopefully 12k(@0.95) if gap up tomorrow if mr Market permits. I am doing this so as to maintain my relationship with my wife and I am prepared to absorb the loss myself without worrying her. I assure her that the loss can be earned back overtime. I believe in doing what is right and truthful in life as it brings good karma.I trust I will be able to sleep soundly day after tomorrow after this debacle. I do not wish to perform watch like some seniors are doing watching over the durians day and night. Sorry for reading my negative postings but I trust it is a constructive sharing. If forummers only posted positive messages on investments, this forum would become totally unbalanced, much less valuable and rather boring. |
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9hly99
Member |
21-Apr-2013 13:01
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lets view contel as a new stock when Yuuzoo is on board....a new trading week next week.....a trading stock that generates interest among retailers and the technology sector in US...... | ||||
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