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SPC
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idesa168
Elite |
01-Aug-2007 16:35
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I believe those who had shot this counter in the early afternoon should be covering their position now. Should see some upside, hopefully. Cheers. |
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idesa168
Elite |
01-Aug-2007 16:31
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lol....mkt crash, SPC share price crash, now this forum page crash....WHAT A DAY! I thought comes here to chat make me feel better than seeing the mkt...hehehe. Too bad, back to the mkt again. |
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idesa168
Elite |
01-Aug-2007 16:27
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My rationale is quite amateur but it work for me before THIS CRASH!!! To grow my portfolio by double is to see our stocks trade double from buying price. However we have to ensure that all our stock holding is double then we get a double growth. If just holding one, the chance of this ONE stock double is higher than seeing 10 stocks to double. Beside, my holding is not very huge, < $100K. Hence I reduced gradually to 3 to 2 and eventually decided on ONE, which I was luck that once I liquated my other holding and transfer my funds into SPC, it shot above the roof from $6.00 to $7.00. The rest are history now...sobbing. But still make lah, just lesser compared to ONE week ago! |
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elfinchilde
Elite |
01-Aug-2007 16:26
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seconding jkbk...what's wrong with this pg... |
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jkbk007
Senior |
01-Aug-2007 16:17
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Posting this to help move the post to another page.... |
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KiLrOy
Master |
01-Aug-2007 16:16
Yells: "I buy only what I can see." |
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idesa168, care to share why you decided to just have ONE stock now? I am very interested to know coz I have been thinking that mebbie I am having one too many too. If our SG FD can offer 7% annual returns, I will quit stock and focus just on FX. :) |
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elfinchilde
Elite |
01-Aug-2007 16:15
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ehhh...if you're making money, what's the 'hate' doing there? :P can always choose to trade half day what. haha. momentum scalps. heehee. elfie's doing fine. current trading portfolio down abt 4%. excl locked in profits. i'm actually on margin, but my lines are liquid enough for a 20% drop in all my counters. (this little chicken had kept at 230% before this crash; so now margin % abt 180-200% with drops factored in. still ok). starting to pick up some. some stocks have bottomed out. look at market depth you'll know. some still dropping tho. so pls everyone, be careful. no more 'cheong ar!' pls....watch the data very carefully; choose on fundamentals. cheers all! don't be downheartened. it's all part of cycle. just resist panic, and realign portfolio as necessary. :) |
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KiLrOy
Master |
01-Aug-2007 16:05
Yells: "I buy only what I can see." |
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I am a trader with fx becoz of it liquidity and the ability to go long and short but I hate it coz its 24 hrs 5 days a week FULL TIME. Stocks have its limitation (only can buy up and with short to cover within the same day) so have to play super duper safe. How are you doing? Its been a while since we chat. I noted your encouraging posts.~ |
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elfinchilde
Elite |
01-Aug-2007 15:59
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haha. kilroy, i had thought you were a trader. now i see not so. :) you're beginning to sound more and more like a friend of mine; he believes investments should be boring and plain. haha. i think 5.5 is possible actually. perhaps not now but sometime later this year. |
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idesa168
Elite |
01-Aug-2007 15:57
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Kilroy, thanks for sharing. Obviously you are looking at diversifying your portfolio preparing for a day like this (today). your damage is merely <3%-5%. My style is focus investment. Look for a very good one and play it big. I shrunk my portfolio from 7 stocks to 3 last month, and eventually to only ONE, SPC. I feared most is like today, portfolio down about 30%-40%. However, those days when I made profits, my portfolio was up 50%-60%. Overall till today, it has grown about 15%. Not to bad lah. Now in between see can make some kopi $$....hehehe! Cheers to all SPC fan. You did not die alone, we all die together...HAHAHA!!! |
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KiLrOy
Master |
01-Aug-2007 15:54
Yells: "I buy only what I can see." |
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chinkiasu, thats my bid for now unless SPC shows me a new 52 weeks high. I know is super duper conservative, thats way it is for me. Money is easy to lose and hard to make. Manikamaniko, I cannot be your sifu lah. Mebbie you can go look for Peter Lim. haha/ |
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KiLrOy
Master |
01-Aug-2007 15:46
Yells: "I buy only what I can see." |
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idesa168, actually quite ironic coz after I buy them I dont really monitor the price but rather I looked at the fund I have allocated for each of the stock bought and ensure that they I do the necessary if its touches the % risk of the fund. Before I buy, for each of the stock there is a difference risk % ( avg risk is 8%) I put in and based on that, it will determine the amount from my stock portfolio fund I have allocated to buy and that $$ in turns equate to the number of shares I should buy. Usually round them down. |
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chinkiasu
Master |
01-Aug-2007 15:45
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kilroy.... in a situation such as this... I can see now the wisdom of your strategy.... but I still think your purchase price of 5.5 is too low... I will certainly buy at 6.00 |
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Manikamaniko.
Master |
01-Aug-2007 15:43
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KilRoy... :) |
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idesa168
Elite |
01-Aug-2007 15:39
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can someone advise how come I see a married deal at $6.50 when the mkt was trading at $6.20? Isn't buying from mkt is cheaper? |
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ozone2002
Supreme |
01-Aug-2007 15:37
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Shortist paradise... SGX was a good counter to short... sembmarine n semb corp also.. loving it..sorry guys..depressed the market for the masses.. |
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idesa168
Elite |
01-Aug-2007 15:36
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Kilroy, you have 9 on current list. how to monitor each one of them? But can see most of them is in the green, dun need to monitor...hehehe...gd luck bro! |
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chinkiasu
Master |
01-Aug-2007 15:36
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owhao00... nickyng, you are really the champion.... so what is next now? |
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KiLrOy
Master |
01-Aug-2007 15:31
Yells: "I buy only what I can see." |
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The boring types. I will leave the ReIT out. Below are the ones that I already have but prices are lower when I got them a few years back. Below is my current accumulation price. Singtel - sub 3.30 SMRT - sub 1.68 SATS - sub 2.30 OCBC - sub 8.00 Telechoice - sub 0.25 M1 - sub 1.88 Starhub - sub 2.30 SPC - sub 4.80 ( now with ZERO holdings) ComfortDelgro - sub 1.60 SP Ausnet - sub 1.58 Some will say the prices are far fetch but its okay coz I rather have my money in my pocket then in the market risk expose. To me thats my BORING trading strategy with SG stocks. May not make a million quickly but I think its safe. I am already exposing higher risk with my FX now so need to cool down the other side. |
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idesa168
Elite |
01-Aug-2007 15:31
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from books it taught me when mkt is chaotic, it's gd time to make kopi $$...hehehe! Don't know the books tel lie or not, verdict will com soon...hehehe. Play small small oni! |
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