Very interesting to see how shark influences our actions.
If you look at XDL, the buy queues of 1000+ shares at 33 to 34 sen were sold down by shark's action. So, for those who look at the market depth, they can be tricked by the shark too.
Ha! Ha! Never under-estimate the latent power of a shark!
Like what I said earlier, I always feel safe if I can sense that the shark has more shares to unload at higher prices. In the event of a misjudgement, I have a standby strategy - to average down my holding cost slowly and progressively.
Ha! Ha! This is not a buy call. Trade with a strategy that you feel most comfortable with.
Suddenly, we have a lot of new voices appearing from nowhere in support of this counter, while some old voices have left us in search of greener pastures.
Ayeefk. If u have bullet tomorrow will be technical rebound for xdl. Normally it will down first in the early morning then it will be sudden surge. Whether it will down first or straight shoot up depend on 8.55 q. Take yr own risk.
Welcome welcome and very happy to see some new friends here hehe. Ayeefk, tqvm as usual for your explanation and analysis. Always informative.. Swingtrader, good to hear from you again man. Yes, I am a strong supporter of pmcorp hehe although was much stronger before because I sold some shares at 0.265 which i bought between 0.215 and 0.24.
Humbled u can buy back then on small quantity. For the time being i am not taking any position due to market uncertainties. Starting tomorrow just will do 'on paper practice' not real money. He he
Hi Calvin, any update on cash payout? I noticed the buying q is gaining momentum for MUI although it cooled down a little in the past few days. I suspect it's because of the recent MUI announcement on taking additional 4mil usd loan. Any take on this?
Swingtrader, I was monitoring that too for a rebound.
2 possibilities: 1. A short rebound - But it could be the shark's intention to lure more buyers in and shoot down later; 2. Fall further - 2 days of heavy falls, lots of buyers are trapped at higher prices. So, chances are that the shark may push it down further. Of course, the drop may be less drastic tomorrow.
To go in tomorrow, you need to get in fast and come out fast. Otherwise, the mega share listing, coupled with forced selling, could drive the price lower early next week as few buyers are daring to catch a falling knife.
Humbled, be diversified. This is the way forward. Gold can be a hedging instrument in our total portfolio. I think Gold is currently supported by hedge funds, after last year's sharp correction.
Not sure how long the hedge funds will remain in this investment class.
Thanks for the tip. Don't know much how the whole gold trading mechanism works so did not dare to buy... you are right i should learn more about this....
Dow Jones Crash 180 points? PM Corp has 21 cents Net Cash. Almost Debt Free. Tango affordable chocolate. In good times Tango & Crispy dd well. In Bad Times Tango & Crispy Will Do Even Better!
In Bad Times people look for VALUE & AFFORDABILITY
Thank you for your support. I had sold 80% of my shares when it hit 0.34. I buy back at 0.215 - 0.23. I want to make another big fat profit. Keep up your faith and support!!!!
TUDOR BOLEH!!! MALAYSIA BOLEH!!! CALVIN TAN BOLEH!!!
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....
ayeefk
574 posts
Posted by ayeefk > 2014-01-23 11:00 | Report Abuse
AlexanderSingapore, sometimes, we need to separate the noise from the movement. No obvious trend yet, until a clearer picture is formed.