I sold another 7 lots yesterday(now only left 8 lots) and resisted buying other quality penny stocks which I've been observing for months dropping to very cheap levels and that willpower has paid off :)
Remember one person who bought large number of shares and won 4 million ringgit in 1 month time , he used to talk “big “to others , suddenly during 1997 crisis he loss all his money And need to carry his debt of 2 m bank loan . This remind us that dont be too proud if A person won lot of money .
If u weren't so CHEAP & became a member of my club, you would know that I was advising high cash levels for the past few weeks because I predicted the market will be bearish until at least 24th Mar... :)
So I'm waiting patiently for share to become much cheaper before I shop with my six figure cash levels currently :)
And if had been paying attention, u'd know that I have been in this game for 23 years...2018-23 = 1995 so I have survived the '97 crisis.
And like many ppl, I was in -ve net worth throughout '98..but I'm no longer that ignorant newbie after surviving another 2 or 3 crises after '97.
That's why I don't play contra & buy more than 50k per transaction. I already predicted '18 will be a bear market already on a youtube video posted in early February.
Next week is huaan critical time. If always below 0.36 , that’s mean huaan is on the way to Holland. If above the price , that’s mean still not yet death.
Mkt is bad. Many steel counters(including Hua An) are deliberately hammered by the operators to overshoot on the downside, irregardless of whether it is a good or bad counter. It is during such bad times that we can pick up real good bargains. The good stocks will withstand the test of time. http://www.klsescreener.com/v2/news/view/356133
In Chinese, "危机"(crisis) denotes "危"(risk) + "机"(opportunity).
Mkt is usually irrational. When Hua An was trading at above 50 sen, many were lured by the operator to chase high, like no tomorrow(greed). Now, at 30+ sen, a lot have become scared(fear).
Ironically, operator has succeeded in shaping our emotions.
US China War Trade has just begun, the consequences and impact will cause another 1997 Asian Financial Crisis .......... better exit stock market and come back next year
There is no certainty that it will develop into a full blown trade war as all parties(including US) will all lose in the end. Trump is aware of that and is basically trying to use the new tariff plan to force China into a compromise action on China's trade practices.
There is a 30 days negotiation period before the new tariffs on China products will come into effect. We shall see how things develop in the meantime. Do not prejudge at the moment.
That is my understanding of the current situation.
yeah john, trade war would put huge impact on US. Trump would be so dumb if implement trade war. But we should all be cautious if the dumbness brought to the next level.
Interest rate war of words with Germany precipitated 1987's Black Monday. Let's see whether Trade war of words with China will precipitate 2018's Black Monday.
I was simply giving some clarification to Emil's posting of a trade war. Too early to conclude one yet and its impacts.
We shall have to wait for further developments on this. Investors must do your own assessments of the situations, company performance and your own specific investment objectives/horizons.
Thanks John1234, like you mentioned. The market is really irrational and this stock seems to be manipulated by the operators/macro scenario instead of the results shown itself, dropping from the high 60+ sen to current 30+ sen. Almost 50% drop.
The impact of Trump tariffs on steel are much smaller than we expected before.
Steel Tariff Exemptions Expand The 25% steel and 10% aluminum tariffs were set to take effect on Friday, but the Trump administration clarified late Thursday that countries representing more than half of U.S. steel imports would receive exemptions through May 1. Exempted countries include European Union members, Canada, Mexico, South Korea, Brazil, Australia and Argentina. After May 1, Trump could decide to permanently exempt those nations based on the status of talks.
Trump tariffs on steel are not beneficial to US steel makers.
Steel stocks fell hard on Thursday after U.S. Trade Representative Robert Lighthizer telegraphed the change in policy. On Thursday, shares of U.S. Steel (X) sank 11% to levels last seen before Trump ramped up his steel tariff talk in mid-February. Steel Dynamics (STLD) fell 7.5%, Nucor (NUE) 6.5% and AK Steel (AKS) 8.7%. Steel stocks extended losses Friday.
US China War Trade has just begun, the consequences and ugly impact will cause another 1997 Asian Financial Crisis .......... better sell all and exit stocks markets. Black Monday US Dow could minus another 1,000 points as fear factors had set in.
Beginner1989, i had made 3 rounds of profits from Hua An when it was trading around 20 to 35 sen range much earlier. Now that it has fallen back to 30+ sen, I am looking to reestablish a new position in this counter.
Currently, mkt sentiments are not good. So, we need to have strong holding power if we want to invest into this counter. One way to counter volatility during this period is to invest in different tranches for every x%(say 15% or 20%) of price drop, instead of all at 1 go. With that, we can average down our holding cost should price go against us. Once the mkt price goes above our average holding cost, we can choose to sell our holdings for a profit.
Of course, we must also monitor the current situation to make adjustments to our plan as and when necessary, if the worst does happen.
Emil writes as though he can already predict what is going to happen, much powerful and foresightful than our so-called mkt experts/analysts from Nanyang Siang Pau. We shall see.
For those who are scared, u may follow his sell call to sell at the currently depressed prices. Hope he does not have any hidden agenda behind it.
As I have pointed out earlier, operator can churn down the counter to create weak holders' selling if mkt sentiments do not improve. But once the dust settles down, it will be back to basics(fundamental).
We might be able to get a glimpse of the impact of tariff on steel counters from the next quarterly reports in May.
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....
JokerT
1,391 posts
Posted by JokerT > 2018-03-24 02:45 | Report Abuse
Monday will rebound. better collect more.