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Curbing and restriction on penny
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sjZheng
Senior |
06-Oct-2013 15:34
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hi, where did UOBky post the list of curb counters?  | ||||
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Newlearner
Member |
06-Oct-2013 14:14
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Good advise! Down side risk and upside assessment.
I v Dulan w Uobkh Liao. Usually I would avoid those counters being curb, but unfortunately I bought thrice and they bloody curb it, next day drop.... They protected themselves at the stake of our money!!!
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tea444u
Master |
06-Oct-2013 13:50
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i agree with your selection of penny stocks...also add vallianz which i just discovered and recently got significant news to turn biz around... must hold ...so buy small ni. oh i din know Venture used to be just a 30 cents stock...amazing yah... hopefully some better penny gems that are currently making profits slowly turn into big diamonds too .......slowly.not overnight. 
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kelvinLim123
Master |
06-Oct-2013 13:23
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Say now, debt ceiling is done, last min, How high do u expect dow to rise? I think at most 200 pts over. Bit if the worst turn out. how many point do you think dow will drop? This is serious, disasterous worldwide implication. Do you see the point? i think it is crash overnite, 500 , 600 ,800 pts. i m not scaring ppl, but sharing, do u agree or not does not matter, because when this happen, u will be too late to get out, no time.  to each , his own, pls DYODD. i m sharing , no offence. 
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kelvinLim123
Master |
06-Oct-2013 13:13
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continue from previous post........ what i means is , if the debt ceiling raise, the most we buy higher, but if this is fall through, the gap down is going to be more than the rise, and fast and furious because most mkt player have been complacent, thinking that the debt will be raise everytime on the 11th hr. when everyone is complacent, time to be fearful. |
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kelvinLim123
Master |
06-Oct-2013 13:09
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those relate to the 3 counter , observe trading rule, cut loss if necessary.  counter good to long otto, sinarmas, YHM. there is chance this republican may delay the debt ceiling past the dead line, just to force Obama. even if the debt ceiling is delay for just a few days will do serious damage to stock. But once may have lot of vestment like cpf,cash, and trade as well trading is as usual, no worry, cpf , if mostly blues just leave it alone, cash part, i think sell to strength. because if it drop, it is going to be a 2008 , low can get lower. dow 13000 eventually, if the debt ceilng is delay indefinitely. I have this gut feeling that this Republican Johnny could play truant , he could be the dow 15% to 20% trigger. good luck, JMO.disclaimer . hope i share.   |
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kelvinLim123
Master |
05-Oct-2013 03:20
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Yes, you are right. VENTURE was once a penny, I remember i trade it ard 30c, today it is 7.00 !!! if only I have hold it till cow come home, today i will be millionaire, I trade it in the hundred lots back then. But again who know what the future hold??? so is OSIM and many other. Thanks you very much for sharing.
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tea444u
Master |
04-Oct-2013 20:51
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i beg to differ...not all pennies are from companies that are loss making...there are a few that are making good profits and kenna rto and transforming into giants slowly but surely...then there are those that gib good dividends and changing biz   etc...so cannot lump them together one... just be more discerning when buying less than 20 cents stock shd be ok..imho ni..IA 
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kelvinLim123
Master |
04-Oct-2013 18:30
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I shorted on reversal, but i cover back so reduce some losses on a few counter. Why cover back today is because, rumour that Washington may come out good news later this weekend cover back innoppa at 76..short blumont for awhile, luckily after i cover it was suspended..phew!! but overall, still losses, not so bad, good luck. |
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kelvinLim123
Master |
04-Oct-2013 18:24
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And not forgetting curbing is in force, causing further pressure on the price action,  curbing contribute to 50% of the drop. I lose money on some counter, luckily cut early for innopac at 110.  
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kelvinLim123
Master |
04-Oct-2013 18:22
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I think penny rally have yet to end, today selling are cause by Asiasons, Blumont and LionGold. monkey see , monkey do, the rest of retailer and BB fear the end panic and start to throw, later toward late afternoon. I think it will take time to come back, but definitely not the end, |
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Oldbird
Senior |
04-Oct-2013 07:32
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You are right, my friend.
Who give them the authority , the right , the discretion to determine which stocks to curb and which dont... They curb it as and when without warning n base on what criterion???! Any insiders, directors have private interest... We are at their mercy n yet still happily paying commission to them !!
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gavinl
Elite |
04-Oct-2013 06:57
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Well said and totally agreed.
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Stockcham
Elite |
04-Oct-2013 06:55
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If all the bros & sis here will really give UOBKH a miss, this may give them a wake up call. But I doubt many will bother. As for me I will never use a company that makes us lose money for no valid reason. If they so kiasi then better don't do business. If they are so worried, they should control their clients and not control stocks. | ||||
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bryancbq
Master |
04-Oct-2013 06:08
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Totally agree.
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kelvinLim123
Master |
04-Oct-2013 02:30
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I think UOBky can make thing simple for all their client and broker with just one sentence, dont need a long list of counter...i.e. all penny below 20c are restricted. not one day restrict, and then a few day later come out to say, they are no more restrict, then a few days later when u are heavy into them, then they said it is restricted again. The u are caught with px gap down and huge losses. we should not feed those dog who bite your hand, they are not looking after your interest, they are looking after theirs. we shg not engage people who only think of themselves, benefit themselves. Today on, i will give UOBky a miss. no more business for them with me,  |
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