kellysgk, don't really know what you are thinking. Nothing goes wrong with the company why sell? If you sell just because the share price falls and not due to fundamental concerns, then you are really not suitable for investments. Because every time share prices falls, you will sell them, ultimately you will just lose a lot of money in the long run.
Kellysgk, put aside the emotions la.... when price are down, we naturally will feel depress but then if its just profit taking and fundamentally the company is doing fine, we should never sell unless global financial crisis/meltdown. Instead of selling, we should top up... if no more cash, just wait. trade something else...I agree with wiseeye that unless you are able to change your behavioral response or more accurately you actually exhibited classic behavioral finance case which is very detrimental to your wealth creation effort... key is to govern your actions with your brain and not your heart.
remember, the entire equity market is technically a zero sum game.... someone lose and someone gain at the same time.... the art of successful trading is to be on the minority camp.
Thank u smurfbee. But I have sold it yesterday at lowest price. I'm very new in stock market. Really feel scare and panic about all my hard earn money will gone like this. I don't know how strong is this company fundamental is.. and lack of experience.. unlike u all, can always be so calm when price drop bcos u all have confidence in it. Now I can only be sad girl in my blanket tonight. Can I still buy back now? I bought at 0.70 and sold at 0.54 yesterday... so sad. I should have listen to tornado and gauss advise. Stay away from here. Haih....
In 6-9 months I expect it to hit 1.25... Then again lots of external things can happen over that period... So if you want to long it... No problem... But if you want to earn back your money, I would suggest to short the FBMKLCI.... There are lots of out warrants there. Just an opinion... I don't know how much you lost but you have got to be objective all the time... Don't forget why you buy that stock in the firsts place....:) good luck. Also market these days are hard to long... Best to trade... Things are too volatile to invest
Put warrant you buy klci down tomorrow...high risk...high fluctuation...expires in July depending on the warrant issuer...for newbies better don't touch...
kellysgk, your comments drew my attention. In share trading, you need to control emotions as much as possible although it is not an easy thing to do. But I would suggest that you get information on the company before you enter a trade. This would give you more confidence and it would be good if you look at the stock's price movement and pick up some basic stuff on chart reading. This would also help you build confidence. That is why some of the guys here are confident to hold even at low prices as they have background information to the stock and have done their research. Hope this helps you in your trading.
oregami, it needs to stay above 0.60 to sustain an upward push. It appears well supported at around 0.60 so far and with good volume too. It seems to have bottomed out at 0.535/0.54. It is on a technical rebound at the moment and based on the trading pattern today, it looks good to trend higher. Immediate support is at 0.58/0.585 and resistance is at 0.665/0.67. But as always, do set your stop loss.
Thank u profitman for putting efforts in reading my stupid reaction when price drop. I had a sleepless night yesterday. So regret after I did the stupid action by my emotion act. I seriously lack of investment knowledge, should have learn more from u all expert investors. Shall I buy back again now since it hasn't back to my previous bought price 0.70 ? I know I'm raising a question here again. :(
kellysgk, ...hahaha...your reaction is normal especially for a newbie. I was in your shoes many moons ago, so its normal reaction. If you intend to trade it again, do take note of the support and resistance levels that i mentioned. We try to buy near support. If this stock trends back up to around 0.70 and beyond, it will be very bullish. It will be breaking out from a double bottom which is bullish. But you will also need to set a stop loss price, probably around 0.57 in case the stock price does not move up as we anticipate. We should maximize gain and minimize loss. 28/01/2015 20:48
Hi profitman...seldom see you in action...thanks for your kind sharing here...yeah..appreciated bro...btw r u in this counter? Happy trading...huatttt arr
kellysgk, buying back now is still reasonable, considering the fact that the share price has not risen sharply. also, ask yourself are you FA or TA? that is most important.
kellysgk....dun worried,if you have any question,you may refer to technical code breaker forum...they are a group of wonderful TA specialist and they can assist you sincerely...:D
If SMRT overpay for MEGB do you think it will benefit shareholders? After all MEGB is loss making company. Turnaround? Wait and see first or all is fake one.
If I buy a company recently and short of money to made for the payment, I will sold partially shares of that new company that I bought in order to completed the payment part. Reason being If the value higher than the price that I bought, I would rather sold it for temporary to fulfil the payment rather than taking loan from a bank or sold my own company shares. Not sure if my view is correct?
Truthseeker: how did u get smrt overpaid to megb? They bought with 0.60 but now value is 0.67, I'm fact they gain 10%+ paper profit. Furthermore, Would u buy a company if u do not have confident to turn it around?
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....
kellysgk
268 posts
Posted by kellysgk > 2015-01-27 17:53 | Report Abuse
walao weiii .. why like that !!!! i sold already then up .. T.T
double sadness now .... aiyooo !!!