This is a rather sharp fall. This is the danger with this kind of speculative counters where the rugged could be pulled from under the latecomer's feet just like that.
This one is sliding fast! It had looked stable earlier on buy suddenly, just like that, it went down. But somehow I'm not really surprised with this kind of (very) speculative counter.
If you are the cowboy type who doesn't give two hoots about fundamentals, this counter is worth watching tomorrow. Will it rebound? I certainly don't know. But with a goreng counter like this, anything is possible. Would it really be a surpise should it go to 0.50 or more in the next couple of sessions?
This is a speculative counter. Can go up and down rather drastically. If you manage to catch the correct timing to go in, you can make money. Envy those who bought at 0.40 a few days back. I bought at 0.50, still hoping that it will go up further.
Actually it had started to fly from late yesterday afternoon. And has continued today. But that doesn't mean it will be up at the end of the day. Fundamental, Technical analysis and charts don't mean anything to Pasuk - it's a punter's counter. Congrats to those who bought yesterday at around 0.40 - I saw the possibility of quick profits but didn't have the guts to buy like you guys.
Very hard to say. One moment you will be happy and smiling like today. Next moment, you will feel so worried and almost got heart attack. I have experienced that on Wednesday.
Actually with a counter like this, praying is probably the best thing to do. People are either waiting to rush in or rush out and you just don't know which. Very entertaining to watch:-)
Mat C - Your statement has given me a little confidence and guts. Anyway my exposure is not that great as I didnt buy a lot. Perhaps will watch a little while longer.
It's a slow day with most of the other counters. Especially the so-called "quality" ones. But some people simply MUST trade because their hands are always itchy. With the market as it is at the moment, attention will be on the speculative counters. These punters are simply itching to jump in and buy anything that moves. If you're lucky, it will be Pasuk.
By the way, this is one of the things that I hate most - "intending" to buy something but didn't... and then it goes up. Darn! What harm would it have done yesterday had I put a Buy order at 0.39 for 10,000? Could have picked up should things not work out immediately. But the fact that I DIDN'T... Sigh!
This is truly a speculative counter. Normally, the strategy would be to "hit and run". But, when you do the "run" it goes up; what a miss! Timing, timing timing. We can never get it perfected
I'm thinking that too:-) 0.33 looks like a nice figure. This is a purely punting counter. Things like fundamentals, TA aren't too important - what other punters at the sidelines perceive will decide whether it goes up or down.
I think it's difficult to move up; someone keep feeding the sell Q. Anyway, I've jumped in at .335 for the fun of it, or is it for keeping the heart pumping. Now, just like fishing, wait for the fish to bite, hopefully
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....
juggernault
1,895 posts
Posted by juggernault > 2012-10-30 12:42 | Report Abuse
lol... it flies but lack of fuel thats why drop back :D... now dunno drop to sea of land...if land sure die lor :D