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SPC
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stupidfool
Senior |
04-Sep-2008 20:55
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Anyway,i am not here to argue the pros and cons of tading vs investment.It is a boring subject. Let the statistics and historical data speak for themselves. Cheers |
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stupidfool
Senior |
04-Sep-2008 20:51
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Thanks for sharing ur experience with us. I would dare to speculate that the counter u bot that went from 70cts to 2.80 could be those high beta counters ,like China counters. 2 things from ur postings.....one,high beta counters with no divvy or peanuts divvy are to me not for investment. two,,,,U must have a very good foresight to sell and buy at the rite time. We are all very good at hindsight. |
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Livermore
Master |
04-Sep-2008 20:34
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Ipunter and some of you will remember I used to advocate long term investment. Let me see how I should put this across. There was a time when I always sold my shares too early. I got fed up. So one day I finally decided to become a long term investor. The moment came around September 2006. So came this spectacular bull run which ended around September last year. I thought to myself as my shares just went up and went up, that my change of strategy to one of long term investment was right. But this bear market has made a big impact to how I see investment. I had this share A which went from 70c to $2.80 from September 06 to around August 07. Guess what is the price of share A now? It is around 82c today. I believe one day this share A will ultimately climb back up again. Thus in the long term it may go beyond $2.80. But if one did not sell to get some profit from Sept 06 to Aug 07, isn't it a pity all the gain in profit was all gone? I have said this many times. It is not right to be in heavy paper loss even if you look at long term. Thus in a way, I was wrong in thinking from the start of Sept 06 that I should just buy and keep for long term without selling. When the next bull market starts, I would do things differently. I would still try to sell when correction starts and buy back when uptrend resumes. If another share A comes along and goes from 70c to $2.80, I am certainly going to make more profit by buying and selling when the share moves from 70c to $2.80. When you have leverage, you have this tremendous "roll on" effect.
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stupidfool
Senior |
04-Sep-2008 19:32
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Only the traders need to come out to propagate the so call "benefits" of trading in the share market. The true belivers of an investor in shares do not need to do so because statistics and historical data have shown that long term investment is the way to go. 5 years from now,we shall check in again and see who has a higher total returns.....the trader of SPC shares or the investors(5 years at least). |
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alexmay
Veteran |
04-Sep-2008 19:14
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Luckily I cut loss earlier, still lose some hard earned and good $. But I am still watching, My next target is $4.50??? Then I die die also hold to see what happen. | ||
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Livermore
Master |
04-Sep-2008 19:01
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For dividend for this counter next year, 2 weeks before XD play the warrant. Don't buy the stock too early before XD. You might get the dividend but net still lose money. | ||
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AK_Francis
Supreme |
04-Sep-2008 18:40
Yells: "Happy go lucky, cheers." |
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the players hv no mercy one. last few days the vol were exceptionally high, as compared to when it was on lull period. its px had dropped 50% since last Oct. but fr nw u can treat it as 6 mth's FD loh, as its next helfty div payout is Mar 09. |
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pointer
Senior |
04-Sep-2008 15:30
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Waaa piang...just bought less than a day drop like no tomorrow. Who the son is shorting out there? |
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limhpp
Veteran |
04-Sep-2008 14:42
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Wow!! Where is the bottom....... Better sit sideline and watch first..... | ||
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Livermore
Master |
04-Sep-2008 12:40
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If you are not aware of what is happening in world refinery industry, it is best to stay off this counter. | ||
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Livermore
Master |
04-Sep-2008 12:38
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AK is right. In today's business times OPEC is already thinking of cutting production. Yesterday SPC dropped below $5 in intra day trade and although it closed above $5 it was already an indication for one to sell NOT BUY. Respect the psychological support level I repeat - do not buy. |
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AK_Francis
Supreme |
04-Sep-2008 11:55
Yells: "Happy go lucky, cheers." |
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ha ha because of it, SIA staying strong leh. I guess some of gurus had made kopi $ as it opened around 15.22 and went up to yesterday closing price of 15.36 at 0918, then vol 295. |
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idesa168
Elite |
04-Sep-2008 11:13
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SPC is sliding like no tomorrow! After I quit SPC yesterday, it's still sliding today. So, it's not me being a jinx...LOL! Good Luck folks, I am watching sideline. | ||
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iPunter
Supreme |
04-Sep-2008 10:58
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"Long-term trading" means not investing in a counter until the cows come home... One must first learn to overcome our own optimism when everyone is maximum bullish. But this is the most difficult to do, since long term investors are naturally ecstactically bullish when their beloved stock/s are rising like nothing. They will proclaim and aggressively argue that it will go on forever...  |
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AK_Francis
Supreme |
04-Sep-2008 10:50
Yells: "Happy go lucky, cheers." |
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Drops in demand, seen sending oil below USD 100, today's BT said. Brazil will join OPEC and likely will join its first meeting in OPEC this mth. I think OPEC members will not wish to see CO drop to 2 digits. Cutting supply could be the top agenda during next meeting. Can't recall when is the next meeting, but quite sure this mth. BTW, 2 more tropical storms will hit US these few days. One of them had landed on the Carrabean's nations and causing at least 25 fatality. Today's Zao Bao report. Tks for the advice. Hv some in my portfolio alrdy , may only consider to buyin few on those grabbed lately, as next Mon is d settlement date. Still monitor the situation closely. |
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aircraft
Veteran |
04-Sep-2008 09:44
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erm .. so wat is long-term trading ?
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iPunter
Supreme |
04-Sep-2008 09:34
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Thus, long-term trading is the way to go... |
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iPunter
Supreme |
04-Sep-2008 09:32
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The last time I grabbed it was @ 4.18... then sold @7.90 (trading)... I would have lost miserably if I was an investor... The stock market only makes traders happy... and investors happy and very sad...
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joshlai86
Veteran |
04-Sep-2008 09:13
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i think spc is a gd hedge against oil price. if oil price rise and ur other holdings fall, u still have spc rising. likewise if oil price falls, other stocks shld outperform because of lower inflation. just my opinion. | ||
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jackjames
Elite |
04-Sep-2008 08:53
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be a wise investor la... for SPC this particular counter, anything below < $5 , just grab. not need to think ... you will be in huge loss for SPC if oil price drop to $65... possible ? |
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