will it uplifted from PN17 Status?? Not now and not yet, this is higly speculative Stock. Withe negative Asset at RM -0.03. My choice is PMIND just Uplifted From PN17 status and the current price only RM0.05.
Don't worry Scot, I join u n my paper lost is abit lesser as I bought at 0.145. I hope there will be more players soon so that the counter will go up up up ..... Ok?
hahaha,, me too at 0.16. Let us wait for less than 60days from now. What is done is done. We go to face the consequences of either good or bad. Learn from this mistake.
The 60 days thing, is suppose to give the Regularisation Plan. But in the latest announcement, they have asked Bursa Malaysia to extend 6 months till 8 dec 2013 to comeout with the Regularisation Plan. So lifting from PN17 will not come anytime soon. Only after Bursa read the Regularisation Plan, and once they agree, then only it will be lifted..
it seems we re not alone to incur paper lost.. either we are too emotional or stil lack of trading knowledge. plenty of things to learn. we use our lost to buy experiences which are very costly.
I sold all except 25K cost @0.115.I make my mind to cash out the 25k this coming Mon where there is profit to make and to buy at a later date when situation is clear and more certain.Must keep my emotion in control.I have earned good return on OCTAGON and I must not allowed greed to over rule me.After all,we have a lot of choices of good counters out there to make good money.
every trading has its own risk... stick to our Rules which i used to forget...if i had followed, i would not have bought.. already increased 114% & deal has not been confirmed. We took unnecessary risk. However what done is done. If i had followed my Rules to cut lost at 0.15, i would not have incurred heavy lost.
I made 2 mistakes in this counter. I always asked "do i need to continue repeating mistakes?" At this moment, honestly, i m lost...
Our Trading Rules are always 99.9% broken due to our ego and emotions being carried away at that point of time due to low inner spirit maybe lack of sixth sense.
I believe heavy punishment can serve us reminder of these failure in future. I incur heavy lost in 2 counters; octagon n tiger. Previous were takaso n recent sendai, but wondered why i ve forgotten so fast. If i repeat, then my dream of becoming a successful trader is a failed vision.
It takes time to train a baby to speak, write n walk. So i also need time to train myself to b a good trader. I m only 7 months old in trading. Yap! Be optimistic n dont let few failures to block our way looking forward. Cheers! Happy Gawai!
Luckily last Friday .. I manage to spot that Faber dividend is not yet out and quickly bought some lot .. And after 5 .. They announced a 0.10 dividen per share ...
After doing my own research and and back ground check on Octagon,I am confident the deal will pull through within 2 mths.The losses posted in the recent qtr and earlier are expected with acutely short of working capital,suppliers not only stop supply but took legal action to recover the outstanding payments,OCTAGON took a proactive action by roping in two O & G companies to restructure and rescue Octagon out of PN17.The execution of the agreement recently by the interested parties are a formality to inform the shareholders,Bursa,bankers.creditors etc on the latest update on restructing plan.The due diligence review is in progress.Next will be signing the an agreement by the 3 parties detailing the terms and conditions follow by seeking approval from the relevant regulatory bodies and the vote of approval by the shareholders
It is a norm for company under PN 17 to apply for an extention usually 6 mths.Bursa will approve the extension if a concrete restructure plan is enclosed with the application.What Octagon did was the fastest way to get out from PN 17.OGPC,OCPC O & M and Octagon will merged to form a new entity with Octagon remain listed but under a new name:OCPC Holdings.
tqvm BC475654 for sharing n it is an injection of confidence to all of us who have held 0.15 above..Let us all wait for the spring to come while we pay more attention to other uptrending counters. Once there is a sign of bullish upside, then is high time to average up.. but not now..
Don't need to worry too much. It is a reverse take over. The stock market operator are accumulating the shares. They will force some of you to cut especially those didn't consider to pick up. They are readings your comments. I was lucky and able to contra twice with some profit.
Don't try to add your investment. The more you buy, the more it won't rebound. If you over invest, it will cause you are fearful and cut at a very low price. You want to earn more than stock market operator?
THH is different, because the volume is high, so you can buy more.
Base on technical, as long the down volume is low, don't need to worry so much. If something like Tiger Synergy = bye bye.
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....
Risk Trader
3,942 posts
Posted by Risk Trader > 2013-05-27 14:39 | Report Abuse
This counter can't contra.....