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Hengxin/Sunvic/Unionmet counters,,how to recover..
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happyday
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31-May-2007 23:44
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Sometimes especially in a bull run one has to bite the bullet by cutting loss instead of hanging on to the above dead cats..hoping that these stocks will recover to our purchase price so that we can at least breakeven...Yes it's very painful especially if the losses are substantial...but if we don't cut everyday those unfortunate stocks keep dropping and when market rallies they remain unchange and move up slightly but when mkt corrects these stocks follow to achieve new lows or remain at its lower end prices for a very long time till our patience wear out. I remember cutting loss on sunvic (buy 77 cents cut loss 70cents) and unionmet(buy 80 cents,cut loss62 cents) but luckily I bought Rowsley,BakerTech at 24 cents using the above proceeds and >than breakeven now.with surplus profit/cash I went into Banjoo at 14 cents on may 30....hopefully the takeover by Crescendas is true...and the Zaobao rept on May 31 may spur Banjoo to reach 19.5cents and reach my TP of 30 cents.Hope I'll be 3rd time lucky.Those holding to Hengxin/sunvic/uniomet if U sell each of these counters U can buy may 2 0r 3 Banjoos and breakeven or out of market without holding on to those dead stocks(no > bounce).With Banjoo at even lower price than the above stocks,we can buy > stocks using the sale proceeds from those 3 shares and buy > Banjoo. On May 25 ,banjoo in reply to SGX did not deny that co is in the midst of some discussion.Something is definitely brewing...By nest week Mon 4 June all contra players shld be cut I believe Banjoo will soar.Gd luck and best wishes to those who are hoping to at least recoup your losses...just my 2 cents worth opinion :P :P :P |
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