most welcome ezekijb..... we're here to help each other so that everyone can make a profit. i've been holding since apr'2014 at cost average of 4.08 of a few more that I still have, but have been trading in & out whenever some of those that I'd bought at lower price goes up to a level where I can make a decent profit. thats my current strategy with investment in the stock market as nothing seems to go up in a linear fashion.
There is still a few of the fleets still haven't fully conmisioned. By end of year will be running and start generating revenue 2015 onwards ... I don't think it can drop so much ... Maybe around 2.75 at most ..
Big institution will buy soon ... Full potential will be seen 2015 onward , so now it's time to accumulate. Price below 3.90 is good for accumulation ...
if support is broken @ 3.80, then its heading towards 3.60. once it reaches 3.60 & if price still being manipulated then pick it up at next support @ 3.40. no point hoping for quick rebound this month, unless miracle happens.
friday trading showing that, a panic retailer selling happening and same time institutional investor is actively buying the share. The price close near its low, but i believe the in Monday the price will come back to 3.88.
The trading is much less active compare to yesterday (only 1/3). The morning session, price been bounced up to 3.86 then due to negative emotional effect of general market condition, the buying force diminish and price drop back to 3.81. I noticed that the afternoon session, the trading activity is much lower showing the price drop today is caused by “lack of interest”.
This counter had a very strong buying support at level 3.82. Today’s traded volume is 2x of yesterday. Massive buy in by institutional investor. Despite a strong buying… but the buying force still incapable to push the price higher than this 3.82.
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....
MCWONG
402 posts
Posted by MCWONG > 2014-09-02 15:27 | Report Abuse
cut loss....