Game over. Be careful. A lot of people burnt in M3tech. This Raya pattern is following M3tech. Same...remember M3tech rally above 30 sen...I got attracted when it dropped to 26.5 sen...bought...and later cut loss at 25 sen...luckily because it went down to 14 sen. This time Raya is the same rallying up 33 sen and coming down...many start buying when it drop back to 28 sen...25 sen...24 sen still thinking it was a bargain. Hope Monday it don't drop like M3tech to 14 sen. Just be careful. Don't play with your hard earned money when in doubt. Cut your losses short. Set a stop loss. 1.5 sen loss and run. Don't wait until 10 sen loss.
I already try to help...but nobody believe...when play stock..need to cut loss. Don't regret. Just cut. Buy back only if it rebound. Else stay out. It is like a cancer. You doubt it ....but it is still small...you leave it...the cancer kept eating your cells....slowly day by day...until you decide to cut it...too late...it is at the advance stage ...you die. Same here. When you bought 25 sen...you must cut at 23 sen max...you must have a plan. Die die cut. 2 sen is a lot. But swallow your pride and ego. Wait for it to rebound only buy. Safer. Now you can buy TRive-wa which is slowly going up for example. Change to a better stock that is moving. Like you get stuck in a traffic jam. Change to a moving lane.
Another tactic is to hold tight....until it rebound above your buying price. It is like going to a jail. Stay there...don't move. Don't sell...leave it. But the risk is ...it can go down to 10 sen then...you are still in the jail at 25 sen....maybe another 1 year to recover. That is the risk. But if you lose too much...you will have to hold...no point selling.
As what I had said this company really got a lot of plan on future business and the share price all depend on their big boss, if their goreng mode is ON anytime can fly one, but I am really don't know when their goreng mode is going to ON. Contra player not advisable to play this counter.
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....
pang72
51,983 posts
Posted by pang72 > 2016-06-11 20:33 | Report Abuse
Only one way down to drain