Question : where is Major shareholder in supporting the prices from keep falling south. Genuine retail / minority shareholders also need protection from this syndicate share price manipulations syndrome.
Very well written and composed, crude yet funny. Most important, it hits straight to the point, not to be greedy and gullible. One needs to be knowledgeable and well informed whenever one wants to invest in stocks and shares.
Actually, cannot blamed richkid for this as he has also advised one has to cut loss if the situation warrants it. He has highlighted many times to cut loss once the price reached a certain level besides giving buying indicators. Frankly speaking, I do make money from following richkid indicators. Thanks you and do keep it up, richkid.
1000 lot at 0.60 It is equal to 60k cash Ah Pek the very rich guy Tp 1.00 and ah Pek want to upgrade to Subaru Basically not enough to own a brand new vios Let alone to own a Subaru Ah Pek need to go for Maths class
On hindsight, one can actually saw what's coming from it as when the restricted shares issued at 0.10 was being issued to VIPs and not to minority shareholders and the imminent rights issue that have not been even ascertained on the price and date to be finalised. I have highlighted this out a number of times in the XOX forum when I saw it coming and sold down even at a loss after I have re-entered after having sold at near peak for some profit earlier.
Did richkid ever hold a knife to your throat to force you to buy? When richkid gave indications to sell, did you sell? Be true and honest to your self, what are your actions?? So the faults are within ourselves and got trapped.
Honestly speaking, at one stage, when I saw what's coming after the issuing of the restricted shares at 0.10 to the VIPs and richkid was still promoting XOX, I did wrote and commented badly about it in the XOX forum about the unfairness to the minority shareholders which richkid was then not happy about it. At that time, richkid did then also has given some indications to stop loss price and asked to sell. Did you follow his comments to sell?
When one starts investing in stocks and shares, be prepared to lose as well. There is no such thing as sure win in investments. If you want sure win investment, put it in the bank to earn interest but still there is a possibility of the bank closing down like in Greece, recently. Hard luck then, as at times, macro aspects still over rides the micro aspects. Another point, be prepared to decide to cut loss and just move on. Even with cut loss signals being flagged, still hang on and hoping for recovery?? Be prepared to take a hit and hope the next target is better and move on. Assuming you hit a good one after cutting loss, will it be better than hanging to XOX.
What really triggers the steep price drop in XOX might be due to the issuance of the restricted shares issue at 0.10 to some VIPs and caused uneasiness and the unlevel playing ground and led to panic selling to sell at the better price and in order to get the most profit, my one sen worth of opinion.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
wunan
145 posts
Posted by wunan > 2015-12-05 18:54 | Report Abuse
i got profit 200% from xox now i just using 20% of my profit to re-enter xox at 0.21..lose all also i dun mind..haha thx yea xox