keissar3, for long term in my opinion its not advisable.. i have some bought at 0.360 which I picked-up.. got stuck.. if you see the chart, few months ago back in Jan-Feb period, it went up from 0.70 - 0.80 to where it is now.. more than 300% increase! since this is a goreng counter & the actual value is much lower.. hence based on the chart, it may go as low as 0.295 for the next support line..
you can buy & keep it if you can follow this guideline (sometimes its easier said than done)..
Eg. let's say bought at 0.325 - 0.330.. goes up to 0.400 (potentially earn up to 7 sen) BUT must take some profit along the way.. if coming months cannot sustain the price, price drop to 0.295 (potentially loss 3 to 3.5 sen).. hence you can cut loss when the price goes below 0.325.. you may want to cut loss before 0.295.. hence you losses will be minimal..
Verdict: Potential Loss of 1x or less than 1x with potential Profit of 1x to 2x.. Many a times, people think about potential win without thinking the opposite.. hence we have to contain our losses as well..
Can consider.. however, this is just a guideline.. must trade with caution.. I just share what is it.. not a recommendation for you to follow to buy.. hope you can see a better picture here..
the reason is all these goreng penny stocks (by big operators/syndicates) incl. Priva, Genetec, Bioalpha, Pesona, AWC, Systech, Frontkn, and many others are very volatile in nature.. (high return, also high risk).. if you are not fast enough to monitor it frequently.. you will get burn.. unless you bought it during when the price was very low..
Red means buy at low, then sell in high. All penny stock was control by big share holder & syndicates. Strong recommend Wintoni buy in below 0.32 then try to sell at 0.34 and above. Cut loss if fall below 0.30. Just sharing ya.
Sell and rest for a while...look see first...I heard May is not a good month...don't even know why....but it is seasonal or a cycle. Believe it or not? Someone got this link from investopedia... just to share and info only.
Thanks FX Lee Any idea when is the next Qtr. announcement ? Last rally was around the result announcement , can we expect the same for the coming one? Any comments guys?
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stoptakingmyusername
88 posts
Posted by stoptakingmyusername > 2015-04-29 09:51 | Report Abuse
careful of the minor uptrend movement, its a trap. today will fall to 0.31