My Trading Adventure

From hot to not?

CP TEH
Publish date: Wed, 20 Aug 2014, 07:59 PM
CP TEH
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All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.


This morning, The Star showing the signs? I posted to my group to be cautious and take profits in many penny counters such as Marco, Asiapac, Keladi ... yesterday was GPA and many of such penny-rally counters.



AsiaPac : I bought yesterday as it breakout of 32cents ... managed to sell half in the morning, then some panic-selling around making it lower than my cost now. Stuck with another half, clear if 32cents broken.



Ideal : Was ideally at 80cents yesterday ... now at 64cents. Who is selling? Ideally ... it should be ..



IJacobs : Suspended pending announcment . Then ... from 72cents now 57 cents ...



Marco : This one treated me well ... bought 20.5 due to breakout sold 24, bought back 23.5 before closing yesterday and today sell 24.5-25 done in the morning. It went to hit 26(a member told me he sold at 26). It closed 21. Due to panic-selling, I thought of buying back at 20cents? It was not done.



PDZ : The operator(s) decided to release some ... and take profits? Went above 40cents, closed below 30cents? Who is selling? Halim? Mara? Or ... someone else?



PUC :


Sumatec : Dived 28% today, unfortunate for those chased in the morning. This is one hot-stock everyone is talking about when it breakout 52cents resistance. Hope none of my members punted as I do not trade her.



Zelan : Recently was in play too ... up from 26cents to 46cents ... now we are seeing 36cents. Very speculative? Avoid, then.

These are RISK of trading penny-speculative counters ... if we are late-comers, we have to sell for losses. Is the game over? Averaging down is a definite NO to me. Cut-loss?

Generally, if we are newbies and novices ... we should not be trading such stocks.

TEH
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Discussions
1 person likes this. Showing 11 of 11 comments

AiryA

you can excel with penny stocks if you devise great money management strategy.. always average up & never average down!

2014-08-20 20:57

chrisyap

Accept the fact as a trader if you choose to be one ! take profit or cut lost !

2014-08-20 20:57

matakuda

Cpteh, don't lead newbies to holland

2014-08-20 21:01

Funtrade

Newbies should not trade these penny stocks. Full stop.

2014-08-20 21:06

bracoli

Nothing wrong with cpteh. He nv rekomen ppl buy or sell.

2014-08-20 21:08

bracoli

Anyway better follow kcchongz
http://klse.i3investor.com/blogs/kcchongnz/56926.jsp

2014-08-20 21:08

lextcs

wow! waterfalls all over....dont worry guys...new plays will emerge soon to keep the momentum of this penny bulls charge intact...otherwise GO....august and sept months are always scarry months anyway.

2014-08-20 23:16

Frank Soweto

Teacher - I think tomorrow Star paper front page will be SELLING Frenzy LOL

2014-08-21 00:48

Frank Soweto

aiya fortunebullz Teacher is o.k lah - he is a good man. actually I learn from him few years back to never touch stocks with bad fundamentals but u must understand he is a TA Trader but if I'm right he is also a Trader who trades on fundamental counters before and still think he does based on what he wrote :) many TA fellas here trades on what the charts tell them even poorly fundamental ones so you can classify Teacher and OTB the very few who practice TA based on FA. and NO I'm not his student nor subscriber to his stock watch LOL juz being fair :)

2014-08-21 01:59

speakup

Zelan, Sumatec & Asiapac got fundamentals to support.

2014-08-21 07:34

Frank Soweto

hot n cold n back to hot LOL like the KAty Perry song la so Teacher what is hot today LOL

2014-08-22 05:50

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