| Latest Forum Topics / Renaissance United Last:0.001 -- |
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Neglected, Illiquid, Undervalue, Recovery counter
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sjamming
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30-Sep-2013 08:33
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Good thinking! You missed out one group -> the extended-contra players. Extended-contra player will certainly make some cash for this counter -)
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Rosesyrup
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30-Sep-2013 07:57
Yells: "Get your own opinion, don't follow blindly." |
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High chance today STI and IPCO is going to get diarrhea, expect them to shed 2% and 6% respectively. If there is any chance for IPCO to go bull again, it will only be tomorrow. Nevertheless, I personally hope IPCO stay at this price range for awhile long, fresh ammunition coming in next week. | ||||
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oreocookie
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30-Sep-2013 07:44
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very wise words. like!
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xiaofang_
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30-Sep-2013 04:41
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Yes yes. In fact.. This is in my watch list since 2007. This is a very volatile stock, with rotational play every once in a while. People who trade at right entry had chances to exit with decent profits, the recent SSH did that. Not for contra players. In fact long history of this stock under naV due to bad company management - all time high was 4.24 and all time low is 0.008. 52week low is 0.018, Intra day high on the 2B volume day was 4.7c I think. Back in 2007 people was saying collect at 0.09 and sell at 0.20 ( u can see the super old postings!) I heard of people who went bankrupt for falling in love with this stock.. Even before 2007 I guess.
Another 2c worth. One should do their homework and protect our hard earn money. Sharks eat big fish, big fish eat small fish. Even ikan billi is better than no fish. So my take is remember to do decent profit take when possible.. Caveat Emptor.
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nqing87
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30-Sep-2013 00:05
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the uncertainty over the US ceiling probably also one of the reasons why edward decided to offload a bit to protect his profits.. this couple of days, i think market in general will be cautious..
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currypig
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29-Sep-2013 23:55
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looks like u been monitoring ipco since 2010
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xiaofang_
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29-Sep-2013 23:24
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Thanks big mama. Hope ppl don't lose money too. :(
Our money all hard-earned. Next time need to control buying spree when volume up. Keeping in mind this is a punter stock (too many short sellers and contra players at the moment). Wait for the tide to be over. What goes up may come down, what goes down may go up too. Nothing is certain except death and taxes.. Think is good to take reasonable profits .. Like big mama n some other traders. Money in bank is real, better than "so call paper profit" or worst - losses. It's all abt what entry prices a person is comfortable I guess. Apple is good stock but ppl still losing money if enter at usd$650, or local blue chip SQ at $18. That's why people can't buy stock and ignore what's happening to the stock. Is never easy to make money from the market. Else who needs to work for a living? Think <3c is a good entry levels. That's what the SSH Edward or placement Joanne and Zaid's prices are. "Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." - Warren Buffett My 2c worth.
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hmphie
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29-Sep-2013 23:05
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The Dow had pretty bad drops during the debt ceiling debacle in 2011. Good luck all for tmrw and the weeks ahead :D
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Bigmama
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29-Sep-2013 22:19
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Thanks xiaofang. Hope it doesn't drop too much. I do hope to see higher price too.
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nqing87
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29-Sep-2013 22:19
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agree with what u said in short term.. high chance ipco going to drop back a bit with these factors.. when ipco consolidate, it's time to load up a bit.. buy on dips, sell when it chiong.. im positive in ipco for the long term, and it's making me hard to sell when ipco chiong.. but im glad that i was discipline enough not to buy when ipco chiong.. must remember this lesson of taking some profits even if bullish trend continue..
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xiaofang_
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29-Sep-2013 22:16
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Government Shutdown Near as House Votes to Delay Obamacare
The U.S. government hurtled toward a partial shutdown for the first time in 17 years as Congress deadlocked over Republicans? insistence on delaying the 2010 health-care law. The House voted 231-192 just after midnight today to stop many of the Affordable Care Act?s central provisions for one year and tie that to an extension of government funding through Dec. 15. Senate Democrats said they will reject the plan, and President Barack Obama said he would veto it. ?I?ve been elected to fight for the people back home, wherever that takes us,? said North Carolina Republican Mark Meadows. He called the amendment a compromise because it delayed the health-care law, widely referred to as Obamacare, instead of repealing it. The past day?s developments raised the prospect of the first government shutdown since 1996, which would put as many as 800,000 federal employees out of work starting Tuesday, Oct. 1. Services such as mail delivery, air traffic control and Social Security payments would continue, even as national parks and Internal Revenue Service call centers would be likely to close. Even three-fourths of Obama?s staff would be sent home. Concerns that the budget impasse will hurt economic growth helped push the Standard & Poor?s 500 Index to its first weekly decline since August. The index fell 0.4 percent to 1,691.75 on Sept. 27, and dropped 1.1 percent last week. The rate on 10-year Treasury notes fell three basis points to 2.62 percent. Boehner?s Choices The final chance to avert a shutdown could come tomorrow evening, if the Senate turns down the latest House plan, as Democrats promise to do. At that point, House Speaker John Boehner would have four main choices -- two of which avert a shutdown. He could pass the Senate bill with mostly Democratic votes or attempt a short-term funding extension to keep the government open past Oct. 1, when fiscal year 2014 begins. The other two options lead to a shutdown. Boehner could add Obamacare provisions to the spending bill and ask the Senate to go along, which Senate Democratic leaders have said they would reject, or do nothing and wait to see the political fallout. The latest House bill would leave intact some parts of the health-care law already in effect, such as requirements insurance companies cover people with pre-existing conditions and that family plans cover children up to age 26. The latest bill would allow insurers to deny abortion coverage based on religious or moral objections. Proposed Delay The House measure would delay a requirement for people to purchase coverage or face a penalty, and postpone the creation of marketplaces -- which are supposed to start functioning this Oct. 1 -- where people could shop for coverage from private insurers. Further, it would repeal the 2.3 percent medical device tax, which would increase the U.S. deficit by about $29 billion during the next decade. The House Republican leadership doesn?t expect to pass a clean spending bill or have enough Republicans who would want to do that, according to a leadership aide who spoke on condition of anonymity to discuss party strategy. The House probably will amend the spending bill one more time. A likely option would eliminate the government?s contribution to the health insurance of members of Congress and their staff, as a way of testing Democrats? willingness to make any change to the health law, the aide said. ?Chronic Chaos? Republicans and Democrats began bracing for a shutdown by attempting to affix blame on the other side. It is at least the fourth time in the past three years that lawmakers have taken a budget battle to the brink of a fiscal crisis, each time averting the worst-case scenario just before or after the deadline. ?This has been the Congress of chronic chaos since day one, and this is just another episode,? said Representative Steve Israel, a New York Democrat. Boehner had attempted to avoid this fight, offering a plan earlier in September that wouldn?t have tied Obamacare to the extension of government funding. Instead he wanted to have what he called a ?whale of a fight? in October over raising the federal debt ceiling. That will be necessary by Oct. 31 at the latest to ensure the government has enough money to pay its bills, according to the Congressional Budget Office. Tea Party Tea Party-backed hardliners aligned with Republican Senator Ted Cruz rejected Boehner?s plan, insisting on the decisive battle that is unfolding in the days leading up to Oct. 1, when insurance exchanges open and allow uninsured Americans to enroll for coverage in 2014. ?The American people deserve to have time to see what this monstrosity will do before it is implemented,? said Representative John Culberson, a Texas Republican. ?We are simply offering a compromise of a year?s delay.? The vote on the one-year delay was mostly along party lines, with Democrats Mike McIntyre of North Carolina and Jim Matheson of Utah voting yes and Republicans Chris Gibson and Richard Hanna, both of New York, voting no. Representative Michael Grimm, a New York Republican, said he expected Boehner to eventually seek Democratic votes. ?Do I think Obamacare?s bad policy?? he said. ?Yes, but I also think shutting down the government is bad policy. It?s almost like two wrongs don?t make a right. We have to get past this and govern.? Debt Ceiling Boehner and House Majority Leader Eric Cantor of Virginia, who often rally the party on the House floor before major votes, didn?t give speeches. In addition to the Obamacare delay, the House voted 248-174 to attach the repeal of an excise tax on medical devices to the spending bill. The continued fight over the spending bill makes the outcome of the debt-ceiling debate even less certain. Lawmakers could still be negotiating the end of this debate even as the next one looms. In a government shutdown, essential operations and programs financed with permanent streams of money would continue. Still, a shutdown could reduce fourth-quarter economic growth by as much as 1.4 percentage points, depending on its duration, according to economists. The biggest effect would come from the output lost from furloughed workers. The House passed a bill 423-0 early today that would make sure that U.S. troops and the civilians and contractors who support them get paid during any shutdown. Funding Levels Representative Jim McGovern, a Massachusetts Democrat, said Republicans wouldn?t accept the victory they were getting -- keeping current funding levels under across-the-board sequestration that Democrats find unacceptable and damaging. ?I was kind of hoping the grownups in the Republican conference would prevail,? McGovern said. House Republicans have voted more than 40 times to delay, defund or repeal all or part of the 2010 health-care law, which is designed to expand coverage to at least 30 million people. Some of the narrower proposals became law. The U.S. Supreme Court upheld the law in June 2012. The new House plan would postpone for one year a central provision of Obamacare: the requirement that almost all individuals obtain insurance. Tax subsidies scheduled to begin Jan. 1, 2014, would start a year later. The plan would suspend some Obamacare taxes for the 2014 tax year and allow employers with religious objections to opt out of the mandate that most workplace insurance plans include contraceptive coverage. ?Not Ready? ?It?s not ready,? said Representative Marsha Blackburn, a Tennessee Republican. ?We are seeing the impact of delay after delay that is being done by this administration, and what we are saying is it is time, as a fairness issue to the American people -- delay the whole thing.? That?s different from the Republicans? initial spending bill, which passed Sept. 20 and would have choked off government funding for Obamacare. The Senate rejected that measure and passed its bill on a 54-44 party-line vote Sept. 27. Republicans said they hoped their proposal would attract some support among Senate Democrats and bring Democrats into negotiations that they have resisted. The Senate voted 79-20 earlier this year in support of repealing the medical device tax, and Senator Joe Manchin of West Virginia said last week that he supports a delay in the individual mandate. In a subsequent statement, Manchin said the individual mandate shouldn?t be used to shut down the government. ?Pointless? ?We continue to be willing to debate these issues in a calm and rational atmosphere,? Senate Majority Leader Harry Reid said in a statement that called the Republican plan ?pointless.? He added, ?The American people will not be extorted by Tea Party anarchists.? Democrats said any changes to the health law shouldn?t be made to avert a catastrophe. ?The president has shown that he is willing to improve the health-care law and meet Republicans more than halfway to deal with our fiscal challenges, but he will not do so under threats of a government shutdown that will hurt our economy,? Jay Carney, the White House press secretary, said in a statement yesterday. ?Any member of the Republican Party who votes for this bill is voting for a shutdown.? To contact the reporters on this story: Roxana Tiron in Washington at rtiron@bloomberg.net Richard Rubin in Washington at rrubin12@bloomberg.net Heidi Przybyla in Washington at hprzybyla@bloomberg.net To contact the editor responsible for this story: Jodi Schneider at jschneider50@bloomberg.net Find out more about Bloomberg for iPhone: http://m.bloomberg.com/iphone/
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Bigmama
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29-Sep-2013 22:10
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Agrees... I think there is going to be a new DOW high maybe 16000 before the bear.
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spss1955
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29-Sep-2013 21:58
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I agree the Dow has been running up for the past 60 weeks but the run wasn't wild. There were some periods of uncertainties and corrections. Whilst the bull run will end some day soon, I don't think the drop will be fast and severe. Don't think there'll be panic selling, foe example. We will manage it unless got caught hibernating... lol
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xiaofang_
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29-Sep-2013 21:52
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I think big mama is honest. I support big mama. Too many ppl overly hyped up abt this stock.
Think this stock likely to fall in short term due to 1. Contra players from 2B volume due t+3 or max ( t+5 ) 2. SSH selling has a very negative effect on sentiments. Market build on sentiments. 3. Poor volume on normal days. This builds on my point 1,2 which has a downward pressure on the stock. 4. No clear directions from management. Investors do not like uncertainty. 5. Last, make your own investment decisions. Good luck to all. Thanks n best regards, A humble opinion..
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Bigmama
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29-Sep-2013 21:47
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Now.... Joke aside. Dow has been on a bull run for almost 60 weeks .... Second longest run since Great Depression. All of us has make good money for the past 2 years at least.
Be careful about the end of the bull. Personally I think no longer than 6 months. The most important thing now is to know how to exit the bull when the time comes...... Else you will follow the bear down. I try to remind myself too. I love to hear anyone thoughts about this. |
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Bigmama
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29-Sep-2013 21:33
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If you had follow my postings in the past. You will know
1) how much lots I have and their average price 2) even most of the contra buy and sell price are posted on the same day too. In fact I believe I am the only one or one of the very few who post almost all my ipco transaction here. But people still not happy and wanted to 'audit' me. Lol. Iso never tell how much he have, what is his average price, his buying and selling. But all he have to do is say 10 CENTS !!!! Everyone so happy with 2 thumbs up. I am queue some more at 3.4 till I get it this week. Now , I post before I buy or sell....You like this better?
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Bigmama
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29-Sep-2013 21:20
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Lol... You are right! I have 3 kids and an 'old man' to check on.
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spss1955
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29-Sep-2013 21:13
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Hi Rosesyrup, What do you hope to get out of this?
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currypig
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29-Sep-2013 21:10
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i dont think she got time to do that for u leh, she needs to take care of 2 kids and also unknowingly keep a " watch" on isolator. haha
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Rosesyrup
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29-Sep-2013 21:02
Yells: "Get your own opinion, don't follow blindly." |
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We should get Bigmama to give us prediction of daily closing price too! After 3 months*, we can use T-test to prove whether Bigmama can really time the market or the daily (short-term) fluctuation simply element of randomness. Nevertheless, studies have shown that the proportion of professional fund managers (exclude small traders) who have the follow skills:
Studies tested for those skills over a period of time, not only for one instances. Thus if someone, like Bigmama** who stock picked IPCO and timed the market, only has 2.24% (0.16*0.14) chances of success in making above market return (20%) from IPCO. *Actually the studies are conducted over period of years, but due to time constraint, we shall make do with shorter period. Acutally the faster way is to get Bigmama upload a screenshot of her trading record, from there we can then determine whether she earned above market return throughout the years. **Assuming Bigmama is comparable to professional fund managers.
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