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BIO-TREAT TECHNOLOGY LIMITED
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hikitty
Master |
13-Sep-2006 15:44
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Must have $$$ left to wait for mkt recovery or fight against the market. If the price of the 2 lots (> $1.00each)is high, wait for the next two months or so for the likelihood of prices dipping to <70cts. If one didn't SL when a price dips, then one should average up when there's a definite trend reversal by buying, say, 10 lots. Take profit once there's a profit to be made and walk away from the stock as it would take some time for it to recover >$1.00. Traders (not value or growth investors) ramped up or ramped down a share as that is their daily bread. The bitter lesson: please walk away from a share that has enjoyed a few waves of uptrend over a few months however strong the confirmed earning growth, especially when it becomes range bound without any increasing volume (based on the lame excuse that the forecast growth has beeen factored into the then price). As the market is "illogical" (e.g. some shares have "bled" non-stop immediately after being listed without any sign of recovery to their IPO prices) ) and "cash strapped" (since there has not been a broad based rally after the short one in March 1999), it may make sense to get COMPLETELY out of the market by making whatever little profit, until a broad based rally returns. Why allow SG..., ST.... and G.... (three beneficiaries) to suck the blood of "bleeding" retail players? . |
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savvysamyeo
Member |
13-Sep-2006 15:13
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Chipchip, I understand it is emotionally difficult for most people to cut loss. Concerning Biot view it as a long term investment as you did not buy it at the peak and althought it is a loss now, the fundamental of this chinese stock is good. Most "unblooded" participants in the market are understandably distressed by the wild swings of a market gripped by greed and fear. If you can afford it keep the shares and from experience I tell you that you will not regret this advise.Let me illustrate during the first gulf war with the threat of cutting of oil supply, the Keppel corp which we bought at between $5 to $6 took a bad hit nd at he bottom was only $2.5. But we knew the fundamental was there and if we had cut loss we would have realise a real loss of more than 50% as the fall was rapid and on thin vol. Soon after the war the share rebounded remarkably and we are still holding the major bulk of the share holding with an annual capital appreciation of 6% tax free. Biot is a reckonable water treatment enterprise positioned to take advantage of China's relentless growth and water needs for the long long term whether the world goes into recession or not. The excessive angst concerning her mgt. in S'pore is temporary do not be distracted by the negative comments hovering over this stock now. We are still taking advantage of this emotionally induced weakness and has been buying since it broke through $0.80. There are others who view the stocks differently, lock your shares up and look for further opportunities during this time. |
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chipchip66
Master |
13-Sep-2006 13:17
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Sometimes it is very difficult to cut loss. People who hold will just hav to hold on and wait for good news like contract awards and broking house recommendations. Although I got 2 lots, still i feel the pain of cutting loss! I think i don't have the courage to chop chop! |
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hikitty
Master |
13-Sep-2006 12:49
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Nostradamus Elite's advice must not taken lightly. Please don't think 70 cents is the lowest (as the analysts have an axe to grind) as the low in a downtrend usually becomes much lower than the previous two lows. It's to exploit the mentality of buying low and selling high as those who have no holding power may S/L as it dips. . Don't buy it until there is a definite sign of trend reversal - high volume with steadily increasing price, not a sudden increase in volume and price. Biot has enjoyed a very healthy run since its IPO @ 45 cents. When funds dumped them, it will take an excruciating long period for it to recover to its glorious past. They will just move their fund to the new favourites for the day. Retail investors should never hope to move the market. |
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Nostradamus
Supreme |
13-Sep-2006 11:00
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I've seen some stocks whose RSI dropped below 10, maybe even 5. Oversold can become more oversold. |
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chipchip66
Master |
13-Sep-2006 09:26
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ya, i still hav to wait long long to make kopi $$$ |
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teeth53
Supreme |
13-Sep-2006 08:16
Yells: "don't learn through life, learn to grow with life " |
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Hi chipchip66 and all, U have a good chance to see ur 2lots up 2 cts liao for today. |
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derekchong
Veteran |
13-Sep-2006 06:30
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Dow up !00+ pt. Bio-Treat down trending and oversold.Which one will take the lead today.I guess up today. |
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teeth53
Supreme |
13-Sep-2006 00:46
Yells: "don't learn through life, learn to grow with life " |
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Yes yes it truth, it oversold but then hohh....wait wait look look see see1st isnit is much better. |
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chipchip66
Master |
13-Sep-2006 00:43
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How not to be oversold?? it Still got room to go down somemore? Still also considered oversold. Are you asking when it will turn the corner??Difficult to tell when it is like a falling knife! |
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zujzuj
Senior |
13-Sep-2006 00:40
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Biotreat RSI 14 is now only 19.6. Is it a sign that it is very much oversold ? Hope the TA experts here can advice. Thanz |
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chipchip66
Master |
13-Sep-2006 00:36
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To restore investor confidence, the bosses should hav a roadshow to address people's concerns. Maybe hold a buffet dinner for those who hold 10 lots or more?? Like that i must top-up another 8 lots to go for free makan. |
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teeth53
Supreme |
13-Sep-2006 00:03
Yells: "don't learn through life, learn to grow with life " |
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DOW turning green tonite. STI copying dow, sti 2moro oso turn green, Biotreat get some hope to cheongg. liao.....Can keep for short term. Ah doey!!! next time get ur pass si port & signature ready. |
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singaporegal
Supreme |
12-Sep-2006 21:49
Yells: "Female TA nut" |
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I'm no contrarian... :) I just follow the trend. |
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chipchip66
Master |
12-Sep-2006 21:20
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Hi Singaporegal, need to ask you how long do you keep to one stock? U look like one very good contrarian to me. |
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singaporegal
Supreme |
12-Sep-2006 21:11
Yells: "Female TA nut" |
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This counter is on a strong downtrend. Avoid for now. |
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chipchip66
Master |
12-Sep-2006 21:06
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Tks, I think it is a possibility that it can go all the way down to 50c ++. Do you think this stock will make a comeback? kena battered left, right centre. |
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Nostradamus
Supreme |
12-Sep-2006 21:02
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Hi chipchip66, It looks likely to break $0.70 now. If you bought at $0.725, you would have let go for a small profit. Expect more downside. |
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chipchip66
Master |
12-Sep-2006 20:52
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what i kana kicked by my wife for buying 2 lots without asking her first! |
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teeth53
Supreme |
12-Sep-2006 20:40
Yells: "don't learn through life, learn to grow with life " |
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That good of u moniter 1st , after all U bot 2lot for kick isit ??? |
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