Thank you midastouch. The irony is that we have to lose a lot to really learn to be wise. Pain & Loss is a better teacher to get us to serious wake to the fact. Don't forget the Invisible Hand, nothing is natural in the stock market (buying & selling force can be fake)
The same things I warn Asuprem members 2 days ago, now what happen, will anybody listen just like Fatcat said. Our Ego play us out and the ears are plugged.
My advise: Focus on the price action trail(what) and don't mixed up with fundamental facts reasoning (why). You will see a better picture. Both don't have to tally. That's all I have to said.
Talk b4 happened,don`t be "ma hou pau". I do discuss with chleong,LBS should dispose at RM 1.10 b4 the price at this stage ! chleong can be witness i am not talking after things happened.
I think Fatcat you don't owe anybody here for a living as well as the need to proof anything. The forum is just a common platform to share what we see, think and believe supplimented with facts.
Wake up! There is No Free Lunch, we got to earn it through study, research and experience. We need the right mental discipline to learn and patience to wait. The whole asset & capital is deeply invested in us ourselves, nobody is responsible. Get it right here.
Hi guys thanks for sharing the info. Truly appreciate. I went in late 1.07 n base on news. Thats how i got trap. B4 i could sell it at 1.11, the counter got suspended. Since that day price keep falling. To find out what is happening to this counter, i join this forum. Now i realize base on the info here, This counter is a little different from blue chip counter, i had to admit. However, i dont have a choice but to hold n wait.
This trap is a good beginning. I was trap & lost so many times nobody advise me. You are lucky here. Don't worry the dead cat will bounce back, anyway it is not actually a dead cat but a potential fundamental counter. The only thing is the price action game is a separate issue. Average it if the price drop down & supported. You have a good chance to profit again but you got to wait. What you see now is their game to collect back cheap. So hang on
Because LBS is a fundamentally very intact stock with very good net asset value, that's why I advise to average down. Other counter stock I may not advise do so. It just a matter of time they will play up again given the prospect & potential of the company in China.
This I agree with you IAFX based on fundamental, dividend and existing shares price value. But you see members already bought it high, what better alternative now, any option?
Please don't average now, wait till the drop is well supported because they could make sue off the market sentiment to press down further.
*** Again Please Don't Average Now, Wait & Monitor Till The Drop have Subsided & Well Supported. Only Then You Average. So Don't Get My Message Wrong ***
if one could save himself from drowning, he should let go of thing that keep him diving. he may not need to dispose all, but certainly not adding anything more
So iafx you are negative to LBS averaging option. Just leave it or sell it now? I don't see LBS is drowning yet but predictable with the games they are trying to do.
derrckinvestor: No Entry for both, momentum is has drop especially rubberex and zelan.
what? other cannot have diff view from u ke? diff must mean destructive? where did the comment said u did damage??? u said it to yrself, pls don't simply tembak!!
no prob ...the average theory...but u must buy 90% more volume than the high price u had bought... if your volume is the just same as previous transaction...it is called averaging with much much little money...hehehe
Frankly I can't predict the TP because the invisible hand will play very much depend on the market sentiment & trend. They will seek a favourable timing to strike up again. I can only safe guard not to get caught to their trap at the moment.
Of course they can still play up to their net asset value. If I put up TP here I may just offer false hope to members. I believe in the right entry price at the right time, sell when the price action move towards the peak & Start over again.
euscilyn my strategy already answer your above question. sold before they crash it. I will re-enter again. Now waiting how low the price will drop and the support starts coming in (entry time buy & hold)
chleong...if LBS is a woman...say Lee Bee Siew... and u push it , push it , alala lalong , alala lalong...both u and that woman will certainly score...hahaha... iafx is such a language taiko...hehehe
Euscilyn I don't believe in holding for long because this is not a dividend counter. If the counter is reasonably price & giving out dividend at the same they appreciate then it is good to keep. Hope you get the picture.
don't worry , gbgaqrs goes down from 1.22 to 86.5 ... yet today it's 94.5 ... LBS will rebounce , i change my TP from 86.5 for LBS to stabilize because no.1 more contra players involved , and no.2 volume when it goes up is multiple of gbgaqrs ... so 76.5 cents may turn to be good price for stabilization ... no. 3 don't be sad because most counters are down today... including my sendai cilakak hahaha
when pasukgb went down and it was at 20.5 cents... i said to myself it will go down to 16 cents... instead i bought it...stupid me, when sendai was down , i said again i will go down further because of pressure selling... and still bought it ... stupid me hahaha... and i think most of u are just stupid like me...kahkahkah
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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....
midastouch
116 posts
Posted by midastouch > 2013-04-23 12:26 | Report Abuse
chelong, you have shared the ultimate secret in making money in the market.
"buy when they support it at the lowest and hold, sell when they play up again"
I hope the readers here appreciate the profound observation you have made.