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Should I average down ?
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winsontkl
Elite |
25-Jan-2009 00:28
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Down side probability is higher as news floated up .... | ||||
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iPunter
Supreme |
24-Jan-2009 20:02
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Yes... averaging down is the usual reaction for those who have lost money (pain)... |
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trader88.sg
Veteran |
24-Jan-2009 12:32
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But averaging down is apparently used by many. |
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singaporegal
Supreme |
24-Jan-2009 11:48
Yells: "Female TA nut" |
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Averaging down will only work if you have Tons of money behind you and if you are very sure that the bottom is near. But that is unlikely for most of us. If you average down and have used up all your funds, and if the downtrend still persists, you are just compounding your problems.
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cross567
Member |
23-Jan-2009 11:25
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OK, thanks for advice any other counter that is 'worth' to invest foe lonf term, say 3 to5 years, not heavy weight pls |
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AK_Francis
Supreme |
23-Jan-2009 02:45
Yells: "Happy go lucky, cheers." |
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Can buy after CNY, says below 20 cts. AK got it at 18.5 cts last end yr.
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cross567
Member |
21-Jan-2009 22:39
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is the counter worth to buy at present?? can any expert advise? is the CO heading up???? |
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Andrew
Master |
18-Jan-2009 00:27
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Very hard to break even.....if you have to buy a few hundred lots to ave, you may as well see it as a new investment. This is what I would consider as total impairment of asset. Commodities has collapsed and the cycle tends to be very long (10 years maybe). Take this difficult time as a rest time and perhaps to add more skill on stocks analysis. Cash is really really king now.
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rpires
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17-Jan-2009 12:32
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dont put trust totally on others. do own self analysis and make judgement by yourself how we want to play the game. |
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iPunter
Supreme |
17-Jan-2009 12:10
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Yes, the stock market is full of irony! |
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rpires
Member |
17-Jan-2009 09:53
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golden agri is agood long time investment. The PE is among the lowest in comparison to regional player such as OLAM, sime darby, etc. most of them are trading at PE 10x but golden agri is much much lower. If i am long term investor i dont mind entering 0.25 and hold it. if trading buyer, it is riskier altogether coz the STI index gain will probably be cap at 1800 for the meantime as economy news churning out from USA and rest of the world arent going to be good. look for the CNY mini rally and singapore budget announcment mini rally. |
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bola_no1
Senior |
17-Jan-2009 04:14
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Its a irony right? Investors scared during bear buy will go down further, when prices are already much lower than those that they brought in bear, thinking it can go up more.
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iPunter
Supreme |
17-Jan-2009 01:01
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Whether a particular time is a bull market or not is not easy to tell, since it can also fall. |
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jeremyow
Senior |
17-Jan-2009 00:37
Yells: "Passionate business investor" |
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Actually, one shouldn't buy so many shares during bull market....because prices are already escalated......the higher price one pays will hit back when the bear market arrives......then averaging down will have a hard time.....if one is a long-term investor, one should really be very patient in investing.....This may mean only buying during bear markets......I'm not kidding......Buy only when prices are depressed.....Never be tempted during bull market to buy too many shares unless one is going short-term.....Never buy when the market is most hot......remember most hot means most dangerous.......one should always consider carefully the price one is paying for the stock.....whether it is worth that high price to pay.....Don't let emotions get in the way......Bear means buy......Bull means sell......Buy plently and sell lesser during bear, buy little and sell more during bull......To average down or not will depend on the prospects of the company one has invested in.......Now is the best time to average down on stocks bought during the bull market....however, one should decide carefully and only average down selectively on stocks with long term business potential......If one has to bear the pain of cutting loss of companies wrongly bought at high price, please do so at the next bull market if can afford to wait......One does not need to trade so often to gain a large profit.....Imagine investing as having a limited number of lifetime decisions to make. Make each investment decision extremely carefully. Don't swing the bat at the ball so often. One will get tired easily without hitting the ball. However, when the ball is a sure hit, do swing very hard to hit the ball...... | ||||
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jackjames
Elite |
16-Jan-2009 20:02
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aiyaa. what is so hard to earn them back? buy citibank and bank of america, you will get rich within weeks... i think tonight, i can hit jackpot, LOL... |
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cheongwee
Elite |
16-Jan-2009 17:52
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Again and again,,,,why???why??? u didnt cut??? early...for me is 10%...other say 8 but i think 10% to be ok...for instant..i bought some of StraitAsia at 96.5..i am averaging up...the px came close to my cut loss at 87c..yesterday..it did not hit that px..if i follow 8% like most i would have lose...and really lose some of the profit...but i am sure this one still in play...hopefully..that is what i see. To average down is a thing most expert will never recommend,,,becos we dont know the bottom...but to average up in a rally for any stock we know when to stop...and we are profiting and adding on to the profit in a stock that is going up..and i will only sell when it gone down 10% from high... I bought mine at 87c and below...i am in the profit...now if the stock come down 10% ..then i will sell and take profit..actually, i should have take profit now becos the stock actually hit 1.00..so cut off is 90c...but becos i believe that the play is still on and i am in profit, there is nothing to loss to stay on for awhile... I hope i have share with you...everyone got their way, but we must have a way to protect our capital...set a cut loss is a must. Once i was like you...never mind ,,we learned..never let a stock go down so much..if it go down 50%..the stock got to do a 100% for u to break even...and that take a long time. Right now, i really dont know what to do with your current situation, but i do hope this will deem to be your tuition fee in the market...i suggest sell to strength...right down dont sell first...i still think rally on the way..sell to the rally.....since you have hold so long, just hold a littler longer..good luck...hope i do help. |
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DnApeh
Master |
16-Jan-2009 13:57
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6 lots never split into 12 lots meh? Or was it 3 lots to begin with?
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crimson
Senior |
16-Jan-2009 13:54
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assuming you want to recover back "fast", and with hard cash still 6 lots @ 1.80 = $10,800 Average at current $0.275, for 400 lots = $110,000 Total = 110000+10800 = 120800 / 406lots =$0.297... So if you sell off at 0.3, you may still manage to cover by the commission... So if you settle for any thing less than 400lots, that would mean the break even price will get higher and higher. So in such a big price gap situation, would it be a wise decision to average down? Anyone comments please?
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rueyloon
Member |
16-Jan-2009 13:47
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ya, got it at 07, which anything was golden at that time. what do you guys do at this type of situation ? from what I read, it is always about cutting loses and putting money into positive counters, but very difficult to carry that out. If GA is going to raise in a few years time, I don't mind averaging it out do I cut the time I need to wait to not lose any money on this counter. Does anyone think the counter will raise from the ashes ? According to Jim, commodities will be the ones to invest in in this time. |
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Hulumas
Supreme |
16-Jan-2009 11:51
Yells: "INVEST but not TRADE please!" |
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Money cost averaging........ if only we could be more than 70% sure its bottom price will be!
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