I am stucked with 2xx lots of Zelan at an average price of 35.12 cents. I have a bad feeling if the crude oil price drops to USD50 per barrel of which there is a high possibility, Zelan's price may dip further to 20 cents. I am in a dilemma whether to dispose all my Zelan now and aim to buy it back at a lower price OR hold on it tight until the oil crisis is over, probably in another 6 months' time or more. Any advice ? The decision is at my own risk!
Kc, about your question, just want to give you two reminders. 1) big money is almost never easily earned. 2) its okay to make wrong decisions in hindsight, but make damn sure your nexr decision is the right one.
Dear kcy.i believe all of us must be suffering now especially for us bought above 30 level.i myself have approximately 3135.6 lots (000) of mother and 3100 lots of son currently after trimming down some during last few days.my suggestion is that if bro worry on further down,bro can trim half of your position and wait them at lower level.i personally viewed that KLCI will break 1700 and found its support at 1650-1680 level thus I had trimmed about 20% of my initial position and buy back later.FYI,my group of friends has holding more than 10% of Zelan currently as we believe this is one of the unfounded gem by the retail public.cheers.
No you are right Skyea.my position is consider small among my groups of friends as most of my positions had been locked in others (ie.BIMB WA).You will hardly to see my name to appear in the top 30 as I have done pretty much to avoid that due to my family restrictions and rules unless accidentally we forget to do some of precaution measures which some of our members name appear in the top 10 non-insti warrant holders for MRCB WA.
Thank you for everyone's opinion and advice. I will carefully assess them and make a decision which I deemed right. I hope I won't make a wrong decision again.
This is the 2nd painful and costly lessons which I learnt in the share market due to my own greediness. This round it cost me about RM24K. I hope I don't need another few more costly lesson before I learnt from the consequence of my greed.
Congrats Kcyim 1970 for your decision.you had make a first and bold move.However,please closely Zelan when market are stabilize as it could be a good bet anyway.
why rebound when now US Oil futures dropping again to usd54.75... false alarm?...stay away from purchase house if plan to do in 2015 as interest rate will go up n ringgit sink to 3.80+...
LuvLuv, you don't have to congratulate me as I made a blunder by selling 107 lots at an average price of about 23.788 cents yesterday. I sold them too quickly. Personally, I don't think that is the end of the story for Zelan.
look at the sector u plan to invest...many not oil & gas counter with good timing to go in....look at those with cash & usd sales counter..!!i still go in zelan yesterday as some of my remises so....
davidkkw79 so hai ! everyone know zelan is a lousy bad management company... how dare are you still bullshit to ask people to buy such as lousy company? Ans:Calvin is a good forum writer and knowledgeable stock investor.Please don't blame him for stock price fell if it was due to unfavourable international sentiment. 2:Whether Zelan is a lousy company or not is not you to give baseless justification, but the yearly declared financial report will testify the proclamation. 3.The investors themself bear all the risk but not you!!ok
kcyim. you still have a chance to correct your mistake. you can try to Q buy at 0.245, then your actual losese is about 3k and paper loses 22k. The price may be will came back to this level in this two days. bcos tomorrow is T3 for those who bought between 0,260 to 0,275.
the fundamental of zelan is still intact. if you agree on this then u have to buy back. Next time dont sell when you feels panic and hopeless especially when the price is near the bottom. If you cannot take the pressure when panic. then just walks away from the market for two days. When panic and sad in this situation your only option is hold. not sell.
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....
somchik
1,238 posts
Posted by somchik > 2014-12-12 11:04 | Report Abuse
gone case, got wipe out when price spiral done, the big players dragging down to 20 sen... taik kucing meow meoooow..