sorry just notice ur msg....penny stok no gud for long term la....if u see all penny stock hv bad record track....all making losses even harvest....just buy at lowest n cabut when up little....i bought around 4sen hubline warrant, n sold already at 5sen....now trying systech at 11sen -11.50sen....gdluck,,,,
Euscilyn, just a friendly advise...don't "try your luck" with Hubline. Like Adam says, such penny counters no gud for long term. You shud be more prudent and buy fundamentally gud counters, even if cannot contra gain, you can hold and not have sleepless night worrying.
ok. actually i'm not yet buy tis counter jst that thinking to buy at 8cents ard up 0.12~0.13cents cabut. I'm holding HuaYang stock hope this will up very soon.
euscilyn: Gud advice frm jake...if not match, just avoid it...u can buy penny when its famous...when not famous already so dun touch...i buy hubline at 4sen when its was so active n sell already at 5sen...luk for other stock....if u want safe n low risks looks for good fundamental stock...there are alot gud fundamental stock...but the risks is "time"....time means, u buy at right time n sell at right time....
Euscilyn, just asking: are you a newbie in stock market? Long long time ago, I too was just as "eager" as you to anyhow buy buy these penny stocks...cheap mah, 5 sen counter can buy 100000 unit also not much money, I thought...and move 2 or 3 sen faster sell and make huge profit....or so I thought!! But market is not kind to you if you don't give it the due respect. Sure, if you happen to be "lucky" and buy and sell at the "precise" time, you may make some money...but seriously, how many times do you think you'd be lucky enough to make it. More often than not, you'd be left hanging with these penny (rubbish) counters which wud have totally wipe out any profits you'd made earlier and perhaps even worse.
You can still make a lot of money from the market, equip yourself with more fundamental knowledge about the counters and study and apply some simple TA to track price behaviours. Buy solid counters with proven track performance. There are many gem counters if only you do some homework and identify them.
Avoid being a fool's trader with a "fly by night" approach. You shud aspire to be a "DHL" or "FedEx" trader, established and reliable.
Ya. Thank you with appreciated. Your are right I'm new in the market. Buying penny stock just trying luck. I even don't have one of them. Hua Yang is my 1st counter. Now trying Rsawit. Nice advise. (^;^)
hai everyone...everyday i was reading a lot of comment from this forum...mine also are newbe in this market...i have join this market on 10/01/2012 and have buy 3 counter drbhcom,osk and siggas...until today this 3 counter juzt maintain they price around lacp only...hopefully this forum can give me a lot of information on how to invest in the good counter...TQ
Have been in the market for a year and still learning. What Jake mentioned is down to earth n real! Few months back was caught with my pants down in penny stock Systech..bought at .360 while it was hot. now stuck at .115 ! To date lost about 20K ...mostly playing contra! Hope this forum can revive my fortune in 2012! Thanks
Sori to hear about your contra losses tradersam, but that's a reality every trader/punter must be fully conscious about when they enter the market. It is good that tradersam is able to accept the loss and move forward. I too suffered big losses in the early days playing contra and buying penny counters. The motivation was purely based on greed (just want to make quick profit and then run) but it was a sure recipe for disaster.
Don't worry tradersam and everyone, the market is full of opportunities to make money and will continue to present them to us all. I certainly can attest to it. Yes, the market had taken a chunk of my wealth long time back, but it has also rewarded me more than triple these losses too. We need to respect the market, exercise some prudence and practise good basic trading skills. Also need to be patient, diligent and discipline. I always tell myself, don't be greed and chase the market (even how hot the stock currently). Set TP and CL targets. Even if the profit is small, it is still always sweeter to make RM 50 than lose even RM 1...isn't it?
Jake, totally agree with u. hope to learn more frm u in future. By the way, wish all of you Happy Lunar New year. May all the good fortune & prosperity surrounding u in the dragon yrs 2012.
take jake advise everyone.. its free & worth every penny u have.. this market is kind and ruthless at the same time.. don't go to war without enuf bullets. it will eat u alive if u do... Tradersam... sorry to hear abt yr losses.. everyone (i think so) will go thru what u went thru... this market u need experience & knowledge n bravely. Set TARGET PRICE but most importantly set CUTLOSS price.. manage yr risk at yr own capacity pls.. as jake said better.. RM50 profit is sweeter than lose RM1....
DONT blindly buy when someone said good stocks must buy.. (i did that many times)... do yr own homework... happy trading...
To those who loss money playing contra recklessly in the past (and I am sure most of us kena bitten before), treat those losses as tuition fee that help make us better traders. Most important thing is to learn from it and do our best to avoid similar pitfalls. To those who are new and thinking of playing in the market, beware and DON'T play with fire!
Happy New Year everyone! May the Year of the Dragon breathe warm fire and make our trades successful!!
Euscilyn: do u Q for systech? i mention abt it last week i think....0.115 go to 0.125....1 sen still profit rite....8%....its not easy to make money even 5% in stock market per week....gudluck
Penny stock like gambling stock. u just try luck. If u want to play safe try at 0.08-0.085sen....if above that i am not sure hat the the target price. I just buy 8sen then sell 9sen....no risks...
Well said brother Adam Ryan. Once it tumbles, you kena koyak, hee, hee, hee & nothing can help or save you. I can't imagine people still buying PN17 counters shares too....don't tell me that they are that stupid!!..or is that they had too much money to throw away...then send it to Old Folks Homes please as they will be much welcome there instead to give it to the sharks, hee,hee, hee.
hahahhaha....gambling is still gambling bro....people like it....no all penny going up, so many greedy are confident with it....how ever i just buy at small quantity....no big....minimize risks
i trade 200lots...it cost me 1600...sell 0.09 average 1800...after brokerage fees max rm 19 only i use nominees....so i still have 180 rite....just side income....penny penny...hahaha
For an example...just imagine there are so many stupid people who buy & buy for example Maxbiz a PN17 counter since last year and making losses every quarter to a tune of increase losses of more than 5000% in 2nd quarter 2011, yes 5 thousand percent & still foolish people believed what some bloggers wrote & ask you all to buy by giving a wonderful & beautiful TP to tempt you & you all start chasing & buying till it hit the top price of 19.5 cents around this early January 2012.
Now what happens? Maxbiz sharks had make plenty of profit & you foolish people holding some worthless paper as Maxbiz will be suspended from Feb 14 and delisted on Feb 16 2012, OMG.
So who is to be blame but you the foolish & stupid [pardon my language] people who follow what some "ulterior motives" bloggers recommends you to buy & you become a ningkampook idiots holding some useless papers now, hee, hee, hee
So, my friendly advice to all my friends here....please do your homework, don't listen to some "self interest" bloggers who wants to take you for a ride. Remember it's your hard earned money, so please, please trade & tread with care, will you? Thank you all.
Chong:: Penny is still penny...everyone know that...people are greedy to earn fast. it just like gambling. u make it or loss it. Ayays im not going to recommend any penny. Just buy at ur owns risks like i said at first, no TP coz its just gambling stock....its not like blue chip stock u have TP...bursa is biggest casino u also knoww that bro chong....
Brother Khong Wei Yap, thank you for your fair comments. Yes, I am talking about lousy worthless money losing [every quarter losing money with practically little or worthless assets] penny counters in general but some good penny counters are really a gold mine indeed like I recommended a lot of people to buy Amedia & Digista & now they all really make some good money after a period of investing.
Yes, brother Adam Ryan, I know that penny are really penny but some bloggers did really give & predict what the next price it will reach & later again another higher price....now who suffers in the end but some very greedy people taken for a ride, hee, hee, hee
And brother Khong Wei Yap, Hubline is still a ok as it did still make some small profit every quarter until the last quarter 2011 where there is a loss of more than $66 million.
yes chong...I not going to chess any penny stock...i know that most of people like penny stock....to earn fast money....but its dangerous....in bull market its works but if equalibrium (stable) market, its not works....i more prefer to play good stock like tsh, bstaed, mflour....
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....
Euscilyn
592 posts
Posted by Euscilyn > 2012-01-13 08:04 | Report Abuse
Adam Ryan, a bit worry la... how mch will up ? 6mth record only $0.12. if buy now aft CNY will drop again or not. 4Q loss Rm82m ???