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China Minzhong Food forum
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pcxiao2008
Senior |
23-Nov-2012 13:16
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ya, i have learnt my lesson to cut losses early
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tea444u
Master |
23-Nov-2012 12:55
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market may be waiting for fiscal cliff to be definitely resolved. | ||||
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tea444u
Master |
23-Nov-2012 12:37
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yah pcxiao...it is terrible indeed isnt it...got to be careful now... i am looking again at high div yielders and counters with stories to propel them or support price or i may just stay out...
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tea444u
Master |
23-Nov-2012 12:35
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thanks srichipan.. after years i still make great blunders at times.. i haf tried reading but i really dont understnad the charts and how they work for instance now i look at iev and swiber and think...hey ...perhaps these are goo d to buy now but i haf no confidence because no guru to affirm mah... |
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pcxiao2008
Senior |
23-Nov-2012 12:33
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tea444u, u are not alone, i am caught twice too by this lousy counter...sigh!
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srichipan
Master |
23-Nov-2012 12:32
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You learn with experience. good luck. i'm sure you will become a better trader. might want to read up some investment books. (relatively cheaper than those course available outside) Certainty a very good investment. i'll recommend the one by adam khoo. relatively simple to understand though it only covers the basic of trading. Very hard to earn money by listening people advice, coz you'll always be one step behind/slower than others.
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tea444u
Master |
23-Nov-2012 12:26
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i bought first batch ard 86cents then it drop i sold at 78...lost abt 2k...then buy again at 81 then panic go sell at 78 again...lost ard 1k... really i am lousy .... dont be like me. patience is key...to practise - very hard.
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srichipan
Master |
23-Nov-2012 10:25
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Entry and exit are very important. Bad counter can also make money if you enter and exit at the right time. Oppa is right earlier on when you should enter cmz. Another point is before you buy, you must already plan for your exit already. :) Usually i set a mark on how much i can afford to lose. if the counter goes below that point, I will sell to cut lost. (especially if it's on a downtrend!) Can always buy back at a lower price. Was quite disappointed that good earnings didnt push this up enough, possibly because of all the short selling earlier. :( Can't really see what's the next catalyst. Probably some good news from china... I sold because I need the money to invest in other more Active counters even though I havent really make much profits on this. (after deducting brokers commission). I don't recommend selling this now at a lost as it got potential to gain. It's a good stock and over long term sure will gain. Might want to wait till next week as oppa mentioned earlier about the T+5 pressure. Till then set a stop loss near 0.79.
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pcxiao2008
Senior |
23-Nov-2012 09:56
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ya...i think i'm going to drop this stock too as i also lost money over this counter. and best this counter is also a dead counter...
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smallsgshare
Member |
23-Nov-2012 09:17
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When did you buy it? The recent highest price is 0.875. How come your average down is 0.86?
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tea444u
Master |
23-Nov-2012 00:01
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i lost 3 k on this stock averaging down from 86.... i really like the stock but really dont know what is the right thing to do with it...it is a strange stock...for me that is...
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oppa49
Member |
22-Nov-2012 19:25
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Cmz closed 80 ... 1 bid up but the vol is very low. Watch tomorrow t+5 pressure. It will either drop or chiong and break 81 depending on the ck. I am waiting to buy. Sti broke 2977 which is good. But with DJ off for thanksgiving , sti might fizzle out ....
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srichipan
Master |
22-Nov-2012 19:16
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haha. dont need congrats. profits not huge. kopi money only.
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smallsgshare
Member |
22-Nov-2012 18:29
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congratulations!
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srichipan
Master |
22-Nov-2012 17:37
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i got impatient and sold off mine shares. long term will gain, but short term too stagnant. :( |
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smallsgshare
Member |
22-Nov-2012 16:55
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Bro oppa49 said that it has to wait until next Monday, then move up!
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bishan22
Elite |
22-Nov-2012 16:07
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Despite improved China PMI, cmz did not respond to the market. 
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smallsgshare
Member |
22-Nov-2012 11:41
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Yes, battle hard between 0.80 and 0.81. If it can not break out, may go down again.
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pcxiao2008
Senior |
22-Nov-2012 11:38
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it seems so difficult for cmz to break through 81c, always retrace after touching 81c... are we just playing around the range 78c to 81c?
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smallsgshare
Member |
22-Nov-2012 10:20
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Volume comes up!
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