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My rescue plan from last night
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ruanlai
Master |
17-Aug-2007 20:31
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Plan for the day is: 1. In the Morning, check DOW is down or up. If up buy at pre-open ! If down sell at pre-open! 2. Check the future as and when, future up --- BUY, future down ----SELL. SOUND VERY SIMPLE and Usefull for this week trend.... |
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Pension
Elite |
17-Aug-2007 20:27
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The best plan is to stay sideline. |
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s16gan
Member |
17-Aug-2007 19:04
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Good to do something ... cannot just sit there and do nothing rite... I could have suffer small lost if I stop loss earlier as advised by Ray... but I think I have holding power n let my value of stock fall all the way till today. Now I realized the power of stop lost and do it immediately as the loss is too great to hold any longer. I sold half my stocks at great loss and brought some better stock SembCorp and HL Asia- wrong bet but I still feel better chance to recover than sticking to progen (brought .18, sunlight .145). Sell low now still have chance to buy low for good stocks. Sorri ... cannot give you advise... myself in deep shit...sos... |
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left_bug
Senior |
17-Aug-2007 15:23
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Although stock market is crashing, but we are having a crash here at SJ. Thanks SJ. Its so much better to talk talk than sell sell. Last night, when I saw Dow fell 300. I tell myself I need a rescue plan. So I came up with a plan. I will sell all my stocks once the market open. Hope its 10~20% loss. After sold off, I need to buy some stock to break even. "What kind of stock I should buy tomorrow?" I asked myself. Then it hits me. High dividend payout. So I searched all stocks with CD and came up four companies that fit my bill, Hwa Chong, Kian Ann, Vicom, and Tech Wah. Kian Ann has a string attach to it. No good. Vicom, although low fluctuation but low in volume. Also no good. Therefore I will divest my fund into Tech Wah which is paying 43 with tax and Hwa Chong which is paying 80 without tax. I will buy Tech Wah at 0.36~0.37 and Hwa Chong at 0.8~0.82. After get the dividend, and wait for the market to calm down and maybe I will come out with a profit in this calamity. BUT BUT BUT BUT Dow has to rebound and close at 15 lower. So my prediction is STI will open high and close low. But STI did not open high but it did climb up 20 points. (Maybe that was a sign to sell? Who knows? Next time I will sell.) So I waited for good price to sell. What a grave mistake? In a split second, the market just went down and down. And I really don't know what to do. Maybe this was not a great plan for the guru out there. But this is the best plan I came up with. Please evaluate. |
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