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GenSp starts to move up again
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EdwardLiu
Senior |
13-Aug-2011 11:07
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H-H comparison is not accurate. RWS commenced after CNY last year. |
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baberic
Senior |
13-Aug-2011 10:04
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Looking at the results, Qtr to Qtr all figures are down. Looking at the halfyear to halfyear results, all figures are up with considerable improvements. So do you sell or do you buy? We must estimate the big picture and I think that is important. Market will be confused for sure. | ||||
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iPunter
Supreme |
13-Aug-2011 08:44
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It is commonly thought that all skillful traders must be very rich... Now, this is a complete myth. The most skillful stock bettors are most skilful in avoiding big losses. In doing so, they can survive long in the market. However, too often, many skilled traders ironically end up losing bigly, not because they lost their skills, but simply because they are human...  |
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iPunter
Supreme |
13-Aug-2011 00:09
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It may be referring to you some day... who believes in averaging . I do not average down, not a single occasion, Thus will not be rich in stocks betting ... lol... Those who make a killing in stocks are those who average heavily...
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louis001
Master |
12-Aug-2011 23:58
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iPunter sifu with good trading skills, must be one of the many many who are becoming very very rich in stocks ...
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iPunter
Supreme |
12-Aug-2011 23:49
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In a bull market, the reverse happens... People will average up. Those who have made money will become more and more confident as they see their big profits keep on increasing month after month. Then they become very assured of their good trading skills. Since everyone also thinks that prices can soar higher, many will casually " mau" big-big so as to make a good killling. And many become very very rich in stocks... |
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louis001
Master |
12-Aug-2011 23:46
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you are right, these guys only buy 2-3 times, use only part of the money..did not all show hand..it's their money to spend and keep...they said only greedy people will pump all in.. they did know that the crisis downtrend will end one day..STI will recover one day...so they waited very patiently for many months...slowly...prices recover higher..... humm..DOW 11311..up 168pts now... hope everyone make some money out of this crisis
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tanweechong
Member |
12-Aug-2011 23:33
Yells: "I Love $$$$" |
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Average down is a painful lesson that I have learnt and paid a very high price....... I think avearge down can only work in a bull run (2009 to 2010 after financial crisis)......In a difficult time like now....short & cut loss is the best option to protect your captial....if not game over very fast
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iPunter
Supreme |
12-Aug-2011 23:22
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You are right... Only people with experience can talk sense. Averaging down can send people to their grave... The real problem is no one knows when a downtrend will end...
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louis001
Master |
12-Aug-2011 23:19
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forget to say these guys are not rich, just bought about 5-lot, 10-lot, 20-lot,,,it's their own money to spend and keep,,, and they waited for many months too.... than let go at much higher price and make very good money, very happy liao...this remind me of one Chinese word 危 机 ， opportunity in crisis...again, it all depend on individual risk appetite ...
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tanweechong
Member |
12-Aug-2011 23:16
Yells: "I Love $$$$" |
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average down once or twice is fine....once average down more than 3 times,.....see stars flying in the sky... if your money all show hand average down even with solid company.....the fear will eventually come to ask you to cut loss...........if still fearless, then you still got money...:):) This is based on my experience...:):)...hope everyone win money out of this difficult time!!!!!!!!!! |
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iPunter
Supreme |
12-Aug-2011 22:57
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In theory, and on the surface, it always sounds good... In practice, if one buys stocks and they fall, one is already losing money. And it is no joke to have lost money. This is especially so for those who bought stocks when many people are buying stocks, ie. they bought at high prices and their stocks kept falling like sheet for months and months on end (month after month) . As the months pass, and losses become bigger and bigger, the urge to fight the market becomes even stronger, hence they average down aggressively even when they can't afford it. Thus, one has to consider the practical day-to-day reality of playing stocks rather than propound a possibly misleading or theoretical view of reality...
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louis001
Master |
12-Aug-2011 22:41
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averaging down ...yes and no..it all depend.. yes if it is a solid good company, and if you are prepare to hold, it will come back higher again one day...that's how some investors here picked up bargains like Noble(< $1), DBS($< 10), SembMarine(< $2) OSIM(< 50c) CapLand(< $2) etc..at low prices at different intervals during the Lehman crisis ....cheap cheap yet people then were so scared to buy. |
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iPunter
Supreme |
12-Aug-2011 22:09
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If people keep on thinking they are as rich as Warren Buffet (which they are not) and keep on averaging down while singing the fundamentals tune, they will only have themselves to blame if they have to meet their grave when they are wiped out... |
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rotijai
Supreme |
12-Aug-2011 22:05
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buy 1 lot every week ? :P
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iPunter
Supreme |
12-Aug-2011 22:02
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Like I said before, averaging down is a game for rich people who have a lot of money to keep on buying and buying even till the bottom. The problem is not everyone is as rich as that .. And it is these people which I am referring to. In a prolonged bear downtrend, they will be wiped out, and be incapable of investing ever again...
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rotijai
Supreme |
12-Aug-2011 21:47
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master ipunter.. SOMEHOW... warrenbuffet falls into this category nowadays.. see how bullish he is recently..
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Citigold
Senior |
12-Aug-2011 21:45
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Both result are about in that region ,the wins rate of the high rollers will make a big difference.
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rotijai
Supreme |
12-Aug-2011 21:35
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master gaecia, unless dow jones ends very red tonight.. or smth bad happens over the weekend.. this is gsp, not cosco or ezra.. dont mislead some forumers cause it might actually encourage them to naked short :) i really doubt it will drop 20 cents like cosco
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iPunter
Supreme |
12-Aug-2011 21:34
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It is normal for bullish people to continuing singing the fundamentals tune as a stock keeps on falling and falling. And they never give up even till the bottom. That is what I call resilience... |
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