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s16gan
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19-Aug-2007 14:26
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Hey, just sharing experience... Painful to cut loss but have to do it if necessary... how much can I do it... I have the holding power when the market is down and thinking things will get better without any fractual basis. I did not take the advise from experience friends and esp those know charting showing clear sign of downtrend. Only sold off last friday 20% shares from my porfolio and guess what - losses over 20k and paper lost appro 36k... No turning back but expensive lesson - let says I sold ALL the shares one week ago - i will have 8k profit and sleep well. Sold one months ago - will have profit appro. 30K. Now sell or not sell also loss hair and sleep :( as i cannot decide what to do with my rest of my porfolio :< |
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raymondho
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19-Aug-2007 01:28
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Hi! Dai-Guo Ricola, "lay huo!' Must learn from you. though you made lesser yet 3k for 3years, wow, 1k per year, its much much better than the bank interest!! Uncle Dow is so kindly cut Fed discount rate by 0.5% to 5.7%, not only that they allow banks borrow unlimited amount within 30 days. So sub-prime financing may get relief. Monday should be a sunny day!! Wait and see!! May be I can offload some .... |
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ricola
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18-Aug-2007 19:13
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Raymondho, I am cantonese as well. No worries, I do have the same problem. Well, if you can hold, just hold those loss making stocks...I am you will get the money back in 1-3 yrs depend on what kind stocks you are holding. Take one of my experience for example, I bougth TT Intl since 2004, with more then 5K paper loss in beginning of this year. When I sold this stock last wk (forced to sell coz of market crash) I still pocket 3K realised profit. Of course, the United Food that I am holding since 2002, doesn't has the same result as I am still holding paper loss....most higher loss now :( |
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raymondho
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18-Aug-2007 16:03
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No lah, left-bug, I can see that you are very careful trader, but just entered in the wrong timing. See that Capitaland who decleared 1.5 b profit yet dropped to 6.60 ! What the ATS, KS or SSH are? Anyway, if u are an active player, you may try using turn-about strategy for short time, assumming that you love ATS so much and entered in the high, but feel "sai-yang" to let go, then u actually can sell it when the trend is downwoard, when drops to 3-5 %, buy it back, then your average cost of holding will be lower, try few times (today's mkt is actually possible) then you hold your lover at almost the current mkt's price loh! ....dun listen to me so much, cos saying is much much easier than action! ha...ha.... See! Ricola, I agree with you, but unfortunely I'm a Cantonese (guong-dong-luo, di-guo guong zi). R u Chinese? that means me, a Cantonese, who is good for nothing but talk nonsense, with no action to follow. In other forum, I told them, sell... sell.. sell at the rebounce, but me, keep keep keep till now,, sufer heavy loss loh......shi! |
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left_bug
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18-Aug-2007 13:09
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I have to admit it. I don't understand the market. I mean how can this stock drop so quickly when all the good news are surrounding it and most broker recommend it. I was never a believer in broker's recommendation. So when KS energy was a penny stock and broker highly recommend it, I did not bite. I tell myself buy when is near 52 week low and it never happened. So did Sincere watch and Raffles MG and so on. Oh man. Oh man. Did I jump in the wrong time or what? |
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ricola
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17-Aug-2007 22:15
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painful to cut loss and lazy to cut loss and buy back at a cheaper will make you loss more end of the day. I have learned this lesson in this 2 wks, I was behaving the way like, holding all my loss making stock when the stock price keeping dropping..... Finally 2 days ago I sold of two of my stocks and cut 10K loss, today, the two stocks I sold dropped more. If I didn't cut the 10K loss on Tue I would have loss another 7K. I used the bal cash from the stocks I sold on Tue to buy another lower stocks which giving me today and now I can see 2 stocks with +ve value in my portfolio. If I have sold this 2 stocks early and cut loss I would not loss the 10K at the first place...Therefore, you might want to change your investment style. |
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raymondho
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17-Aug-2007 15:09
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No, it's not come, but not the time up yet. But wait how long? shit! I loss so much becoz of my dilideli attitude, to pacify myself -- lucky I still have the holding power for this correction right now! But someone said, why are you so stupid? sell first, and buy back at lower px than at least your loss less mah! They are right , but too painful for me to sell and also lazy to do that. |
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left_bug
Senior |
17-Aug-2007 14:56
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yeah, I was waiting that rebound, but its just not coming. The trend is your enemy not your friend. |
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raymondho
Senior |
17-Aug-2007 14:50
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Hi! left-bug, this morning woke up late, missed the high 0.47 there after downward to 0.41, actually hope for afternoon rebounce, but on the contrary, it does down further, althoguh radio 958 the analyst said 3000 is the psy support, now breakout, most probably toward 2900. If can't sell, may have to hold for the bottom rebounce. As someone said, you dun sell, you wouldn't loss, just loss your hair and sleep. Ya, my DMI is part of the package of my TA course. It's powerful, cvoupled with the MFI, MACD, Bolinger Band, Ceiling and floor, it gives me a more clear picture to identify the position whether time-in or out (of course, it not 100%, but thru my experience, it's good enough, at least I do not regret in taking up the course.) |
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left_bug
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17-Aug-2007 12:44
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Hi raymond. thanks for explaining. where to get this DMI chart? I did not practice what i said because dow was down only a bit. So I hang on. Then all the sudden it fell down to 0.4. Now that's too much of a loss I can handle and other stocks are not falling as faster as Aqua. So I decide to hold on to it and believe DBS security who said this stock's 12 month target price is 0.68. Ha Ha. |
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raymondho
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16-Aug-2007 22:33
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Hi! Left_bug, DMI is Directional Movement Index. In most of my trading, I use it very often, as it give me a general picture on the counter. It consists of 3 conponents : +DI (representing buying force) -DI (selling force) and ADX (indicating the strength). Of course used with other TAs... Market seems not yet to the bottom, DJ now drops to 12709.13 (-152.32) at 10.26am (ET) Quite sure will dip some more, tomorrow STI could be a copycat.... You are right, if can't beat him, join him.... will cut loss to protect myself...I dun think any financial report will help in such a market situation. Only hope they will create a chance for me to runoff loh. |
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left_bug
Senior |
16-Aug-2007 20:52
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Don't know what's DMI, but all I know it's selling like hotcakes today. I think we might have to wait until the next financial statement to come out. Hope it won't fall down to 20 cents. If I can not win them join them for to sell down and buy up. |
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raymondho
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15-Aug-2007 22:27
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Ayoh! my goodness, how come such a stupid mistake still can make? Yes, left_bug, anyway, old already, no wonder all my $ slip out of my pocket. However, the DMI chart shown the buying force (+DI 24, -DI 20) is preveiled at the time I jumped it, but today, the revese (+DI 22, -DI 24). What to do? Wait for tomorrow and see. Now the DJ improved to 13053.88 up by 24.96 (9.58am ET). Hope for the best, if not at least some improvement tomorrow... |
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alexmay
Veteran |
15-Aug-2007 20:58
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SSH seem at better buy, cheaper, gives bigger dividend, I think 0.009++ cents. Seem better buy compared to Aqua. All in the same family, just a thought not vested leh, boh $ all stuck already. |
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left_bug
Senior |
15-Aug-2007 17:52
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Are you sure about its 3 cents. I believe its 0.3 cents dude. |
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raymondho
Senior |
14-Aug-2007 15:16
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Good! jumped in at 0.51 20 lots, reading from SGX general anouncement, it's interim div amounting to 3 cents (representing 5.8% half-yr) payday to be anounced. Anyway, it may upswing. My first kopi money made from 0.58 bought and sold 0.61 haha! |
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noname
Member |
14-Aug-2007 13:10
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AQUA-TERRA REPORTS 84.1% RISE IN 1H FY 2007 NET PROFIT · Revenue rose 29.8% to S$87.5 million.· Net profit after tax rose 84.1% to S$5.0 million· Improvement in gross and net profit margins· Gearing lowered significantly to 0.1 time· Share of profit from SSH amounted to approx. S$1.7 million· 0.27 cents per share. Keep it up Aqua Terra .............. |
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ricola
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08-Aug-2007 16:40
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AGT has secured a $30million contract, this news is not enough to push the stock price up http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_0EE8C18BD681943048257331000C7375/$file/News_Release_8August2007.pdf?openelement |
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ricola
Member |
07-Aug-2007 21:03
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But the stock price down instead of up today :( |
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Green8
Senior |
07-Aug-2007 16:22
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148 Hokkian say whole life huat |
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