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Fellowship of the Shares
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elfinchilde
Elite |
12-Jan-2008 23:18
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sti rally....lol, what's this, kid, eternal sunshine of the spotless mind? hope is a deadly thing to possess in the stock market... arm yourself with the swords of reason instead. May stand a better chance of survival. hehe. altho, the angels do take care of the innocents. haha. let's see how it goes... ok, sleepy....byebye. |
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elfinchilde
Elite |
12-Jan-2008 23:09
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hey sunshine, you're here! 
elfie gonna zzz soon though. take care! next week gonna be bloody on the markets. haha. must conserve strength and focus clearly on goals. no punting! keke. nites and sweet dreams. 
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cashiertan
Elite |
12-Jan-2008 23:07
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Just wanna some guys here to ponder this: why is it that current STI is lower but some stocks price is still higher than Oct Dip? and what u think this stocks that has higher price will do if there happen to have a STI rally? not inducment to trade but hope that you can get what i mean.. | ||||
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baseerahmed
Master |
12-Jan-2008 22:56
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hi ! Asterisk ! its been quite awhile since u last posted ! as usual .. u bring ur brand of colourful observation ..hahaha ! didn't the movie ... who won in the movie ? ! loved the classic Alien 1 ...loved the Ripley character , Sigourney Weaver's potrayal was superb ... never tire of the re-runs ....! : ) |
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cashiertan
Elite |
12-Jan-2008 22:29
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Dear all, Seriously i would highly recommend 1)Trade Secrets Video System I tried it recently on after buying it on Biosensor and based on its system, i bought Biosensor and manage to catch the rally. Since there are others who got this system with me they should know how i traded BIG and profit from it. |
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cashiertan
Elite |
12-Jan-2008 22:12
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I got this ebook, Seriously, i suggest u go to stockcharts.com free TA school instead and save the $. |
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elfinchilde
Elite |
12-Jan-2008 14:23
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missed yr post....eh, huatah, if you really wanna huat ah, wait for gold to retrace from RSI 80, then buy in. wld say about below $860 on dip in RSI is a worthwhile buy. if it can retrace, TP is 1000 per troy ounce. if not, its 950. (streettracks gold fund equivalent = 86, 100, 95 resp) all mentioned targets are fluid and solely dependent on the trend. *grin* caveat emptor, folks! like a good elf, i disclaim all responsibility for your losings or winnings. you pull the trigger, you take the bullet. meow. 
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elfinchilde
Elite |
12-Jan-2008 13:50
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hosen: (pure tech, not fundamentals): RSI shows has been sold down since 14 nov. high of 27c to current close 19c. consistent signs of distribution, with majority of selling concluded between 15 nov to 10 dec. thereafter vol shows dwindled out. (ie, BBs have exited) support is at 18c. be careful because just broke lower bollie. MACD shows stock on slow, longterm downtrend. downtrend is occuring on very low volume. signals loss of interest in this counter. on the plus side, do not believe much downside left; likely 17c lowest from the charts. However, chance for upside is limited unless BBs start accumulating it again. Likely to be rangebound 17c-23c for months to come. if the counter is not fundamentally sound and doesn't give dividends (ie, is it a value counter? if yes, DCA works better), wld personally recommend a cut. there are better counters to play. |
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elfinchilde
Elite |
12-Jan-2008 13:42
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Roughly, there are four general ways of playing the market--i'll just put them down briefly here, and with their personality types as well. see which fits you best. 1) value investing. Warren buffet style. You totally ignore the white noise of the market, focus on identifying good stocks with solid growth, that are undervalued. Five main rules: below NAV (30-50% below), low PE ratio, high cash flow, high ROE, good dividend yield. then you sit and just park in it for years. When the stock dips, you buy in more. You sell only when NAV is reached or 2-3x book-to-price ratio. Suitable for: those with high patience, methodical, conservative, rational, who can cut out white noise and are not tempted to trade at every moment. 2) growth investing. High PE ratios, the 'flavour of the month' stocks. Thematically focused. The way cosco ran up from 2.67 to 8.1 from mar-nov. Typically, the surge is justified by high profitability---analysts expect the company to return 50%-100% profits y-o-y, that's why the TP is always so high. Beware though, that these tend to crash, and spectacularly, once they're out of favour. The trick here is to use charts to see when to exit. Suitable for: those able to hold for months, who prefer faster growth than value investors (ie, can't really be bothered to ferret through tonnes of annual reports and sussing out the details). Typically such stocks are high visibility. the key is to identify the theme early so you get in before everyone else does. hyflux and osim in the past were egs of this. as were the china stocks like cosco, yzj, yanlord. 3) TA trading--technical trading. ie, don't give a whit about fundamentals. it all shows up in the charts. Suitable for: those who are rational, realistic, able to follow their rules strictly. TA is in many ways, stargazing. you need to see what is, and not what you want to see. If you're the hopeful and optimistic type, then, TA actually doesn't suit you, since you'll be likely to project what you want to see, rather than seeing what is. Helps if you are mathematically inclined and good at charts and indicators. You also need to be able to pick stocks that respond to indicators--not all stocks respond to all indicators. Length of trading is much shorter than the first two. normally, you'd hold between a few days to a few months. (this is predominantly my style actually) 4) Momentum trading--a variant of technical trading. which works on the basis that 80% of movement occurs in 20% of the time. So what you aim to do is to catch the breakouts. helps if you're aligned to the BBs, or know their signals (eg, the one lot buy ups on busd) and the counters they play, so you can follow in and catch it. Alt, sophisticated software that weeds out the breakouts and highlights them to you. This last is the fastest and riskiest of all the styles of trading. But potentially greatest return. I've locked in trades that yield 50% return in 3 days alone. Some can be run in 15 min for a couple of ks. BUT: You need to be brutally unemotional, and aggressive by nature: a cut is a cut, a hold is a hold. If you're the kind to shake a lot on dips and to yield to panic or greed, then this is not for you. And you MUST know your technical tools very, very well. |
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elfinchilde
Elite |
12-Jan-2008 13:40
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hi tuatow....chotto....slow down....like what livermore and baseerahmed said, don't be in a hurry to recover your loss. in the market, when one acts in haste, that is likely to lead to more mistakes. Livermore is right, when he says that different people have different styles. Some of us are better at trading, some are better at long term holding and value investing. You need first of all to know yourself: what triggers your impulsive buys, what makes you sell. And then to correct behaviour: find a strategy that works and stick with it. Long term investing/trading in the stock market is not about tips--after a while, you'll realise that 90% of tips cannot be trusted. Think about it, if even your coffeeshop auntie knows it, how real a 'tip' can it be? And in the end, everyone must take their own responsibilities for their own buy/sell decisions. In this kind of anonymous forums, there will always be ppl with vested interests. Caveat emptor applies to everything. Rather than tips, it is skill and strategy that must be learnt, in order to survive long in the market. This can be TA, FA or whatever mix--as long as it is a style that works for you. Let's not kid ourselves: There is no easy way to make money in the stock market. Unless you're a BB. So, at risk of sounding like an old windbag, education is key. Livermore's strategy is excellent if you are the patient type, who cannot take much shocks, and who like steady returns. But if you find yourself itching to play all the time, and panicking when things drop and rushing to sell (when you should be buying), then perhaps that's not the style for you. |
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Livermore
Master |
12-Jan-2008 13:06
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Hi TuaTow, Don't be in a hurry to recover your loss. Usually when one reacts in haste, the situation gets worst. People have different styles. Some are good at trading while others are not. Just like most people, I also used to trade. I am not a good trader. Finally 2 years ago, I decided to do things differently and try to find stocks on a long term basis. But whether one is a trader or investor, I must admit that market timing is crucial. It is always important to learn from mistakes. But at the same time, sometimes learning from mistakes may not be that simple. It is hard to explain. I read business times every day, browse through The Edge Magazine and watch business news on TV. You don't need to spend so much time reading everything and just pick some important topics. That way I get a global perpective of what is happening in the world and have an idea what stock to look at. Just use analyst recommendation as a guide and don't "worship" them too much. Here is what I like to see before I select a stock : 1. Look at its past 4 years performace. Companies usually report their results
in a bar chart. I like those where you see the bar chart rising each year.
2. Look for low valuation (P/E) with respect to its future grwoth. Thus read the
company's future growth plans carefully.
3. Look for company ROE of at least 15%.
4. Look for a investment theme - infrastructure, commodities, China, goods
exposed to domestic demand in China, oil related stocks.
First decide on a investment theme then you work backwards.
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baseerahmed
Master |
12-Jan-2008 12:05
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Dr. Manikamaniho , Terimah kasih banyak , yang hormati ! (Thank you very much , your Honour ! ) hahaha !... : ) |
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baseerahmed
Master |
12-Jan-2008 12:01
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advise to tuatow applies to newbies and beginners too ! : ) |
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Manikamaniho
Senior |
12-Jan-2008 11:46
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BaseerAhmed... :) |
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baseerahmed
Master |
12-Jan-2008 11:41
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tuatow , try downloading free ebook 'Trading for a Living' by Dr. Alexander Elder from www.esnips.com under search for this weekend reading. That's an Order ! : ) |
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baseerahmed
Master |
12-Jan-2008 10:44
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Dear tuatow ..somehow I get the feeling that u are in a hurry to recover what u had lost in the market... .. like elfinchide said.. there seems to be a tinge of trying to take revenge on the market ... i feel that should not be the way .. .. well , one of the maxim in the market is that there are times when u will have winning streak and there are times when there is losing streak .. (maybe because of the influence of planets in the heavens hahaha) ....so cool off for the moment ... and take stock of things before ur next move .. .. so , my personal view is this : take things slow ... only u know ur financial status .. do u have a job ? are u a business owner ? do u have passive income ? did u borrow money to play the market ? do u have family to support ? do u have ur own roof ? why are u playing shares ? apart from earning the extra dollar ..do u have other motives .. like becos ur friends are reaping in the market .. etc ..etc...etc.. ( exhaustive list ..! ) ... the point here is .. sort out ur current position ... if it had been just only the extra money .. ur 'hard earned savings' that u have lost .. let it be .. if not ... first and foremost reconcile all the outstanding debts .. like elfinchide said .. first and foremost : Money Management ... next .. before thinking of buying the next lot of share .. my free advice.. give urself some time to read up on books and scougre the internet to learn about the stock market .. for a start take a look , if u haven't known this , growmoney.blogspot.com ... decipher's experience could shed some light ... and heed experineced Dr.Manikamaniho's wise advice ...read posts by elfinchilde, Livermore, cashiertan, singaporegal , sporeguy , victorian2, terencefok ..too many to name ....hahaha !! .. on the other hand, if u are very savy in the market ..and awash with cash ... treat the above as a rumbling from an idiot ... and do what u feel ...hahaha ! .. personally , I don't think it is a good idea to start a new site .. already we are all drowning in an overload of information and dashing here and there on the internet and in in the real world ... maybe just keep to this SJ will do.. .. oh boy , feels like a column of agony aunt ... hahaha ..lucky that I got some spare time this weekend ...hahaha ..! .. each of us will have a unique method to solve the problem ..but ..this is what i feel is a very conservative and prudent path .... one can lead the horse to the water .. only the horse can drink ... best of luck ! : ) |
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Manikamaniho
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12-Jan-2008 08:48
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Manikamaniho
Senior |
12-Jan-2008 08:10
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Tuatau... :) Investment is a solitary activity which one must master himself/herself and build one's strong character... Thus, joining a group is not advisable, except to chit chat about life, but not the stock market. Chit-chatting about the stock market is the surest way to lose. If you've been reading here, I'm sure you have seen my frequent recommendations to get the "Genie Tutorials". (click to see) Whether you've lost a lot of money already, or have yet to lose, it is best to get this 10-module manual and start to master the ins and outs of stock market trading... If you intend to be in the stock market for the rest of your life, this valuable manual alone is sufficient as a 'Virtual Mentor'...  |
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tuatow
Member |
12-Jan-2008 04:27
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What does everyone things about Hosen? Since its RTO announcement this counter has never gone up. I wonder why? I heard that the company is set to announce some major news on their next acquisition and they are just waiting for the right time. But when i look at the current price since their RTO announcement, it has not been encouraging. Can some1 help me analyse it from the technical side? Thought the takeover is at $0.35 per share. They have issued a private placement. But how come the price dipped so badly. Seems to be worse than before the RTO announcement. All seniors can u advise? |
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tuatow
Member |
12-Jan-2008 04:17
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Thanks to all you Lao Qian Bei (Seniors) for all your advise. Can someone teach me what to learn and where to learn? Besides going out for courses on the Fundamental Analysis and Technical Analysis, is there anything else that i should look into? Can you guys email to me at tuatow@gmail.com? Do anyone have tips that u share? Can i form a mailing list for us all to register? Just got one here: http://groups.google.com/group/fellowship-of-shares Anyone like to register yourself into this group and then we share tips especially if you have got any special news about which company to buy or sell. Lets help each other recover our money and huat la |
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