In Ace market nothing is impossible. I recall when new directors came in the bough a block of shares at .10 . Then came a series of announcements that never took off, fore example the non renewal of Custom & Excise in using their system and an investment with a Muslim group in China on tracing halal products. I agree that anything .10 and below is cheap. Look at the average price target, someone fix it at .28. If you are looking for short term investment , you may want to put some in this counter befo0re the mad rush begins.
Those who got it at .65,.7 or under .10 , what are you waiting for ? Hitting .13 or .14 in the next few days I believe is achievable. Why the sudden surge ? The movement pattern of this counter is like Sersol . Sersol rested at .20 for a long time and then a surge appeared and it rested at .30 and today .35. This counter will rest at .15 and will rest for a few weeks and then the next push will be higher. Just watch in between each mark there will be a correction to buy out those who got it lower than .10. All said the killer move will not be now but in June or July. Friends Ace counter , as you know you can kill or be killed. Trade wisely . .
Err, excuse one, but does anyone hv a specific, consistent definition of the very oft-used expressions 'trade wisely', 'be careful', 'trade carefully' etc. etc. etc., cos one would very much like to hear it ...
If such a definition actually exists ... other than merely meaninglessly rolling off someone's tongue ...
Of course, one who trade wisely uses his discernment on the current market situation base on the various factors such as overall market situation, the potential performance of the counter eg future contracts or MOU entered into by the company, the personalities leading the company for eg if Bill Gates were to come in and buy a block of shares, the price of the shares you bought in relation to the current price. Warren Buffet did mention that if you can make 20% in a trade! that is good profit. Conversely to trade following sentiments with zero empirical facts is more speculating , is that wise or careful? This caution applies more so in Ace counters compared to Blue Chips where there is clearly a clear and stable track record. Sure speculators do make lots of money, many also lost their pants in this process.
Posted by minahkarant > May 6, 2015 09:33 AM | Report Abuse
Of course, one who trade wisely uses his discernment on the current market situation base on the various factors such as overall market situation, the potential performance of the counter eg future contracts or MOU entered into by the company, the personalities leading the company for eg if Bill Gates were to come in and buy a block of shares, the price of the shares you bought in relation to the current price. Warren Buffet did mention that if you can make 20% in a trade! that is good profit. Conversely to trade following sentiments with zero empirical facts is more speculating , is that wise or careful? This caution applies more so in Ace counters compared to Blue Chips where there is clearly a clear and stable track record. Sure speculators do make lots of money, many also lost their pants in this process _______________________________________________________________________
And how much profit hv you made, cumulatively, in all your investing life, with all that emphasis on wise trading, thorough discernment, cautious investing etc. etc. etc., one just wonders ... If you even began any trading at all ... LOL
What I'm trying to say, MinahKarant, is that, you're over-emphasising the value of facts, and you're under-rating the impact of sentiment & perception, on price trending ...
One does not under-estimate the power of sentiment & perception ... Quite often, they're equally as powerful as real provable, verifiable facts ... Because what we're all doing most of the time is investing in the future, not in the past, nor even in the present ...
To be honest I do not make much , but as a market analyst for more than 20 years I have seen a few suicides, broken families and too many bankruptcy to even count. Yes you can say they went in with their eyes open. Go with market sentiments if you think that is the best way for you, but do not berate the value of empirical facts. It is true perception is a very powerful driving force but perception with no substance as the Malay saying goes " Masuk Angin Keluar Asap". The response is to your question if there are such thing as " trade wisely, trade carefully " . Of course you are at liberty to disagree and be cynical to such wishes, just as I see no sense in relying on perception only and , I hope you make lots of money trading on perception.
Well, I watch how markets move. Been doing that for as long as you hv been analysing technically. And I hv seen that they move both on facts as well as on sentiment & perception.
That is just the way they work. No point fighting against it, just becos you don't believe that it should not work that way. Just go with the flow, so to speak.
That's right. One buys a stock after observing & grasping - at least to a certain extent - it's actual patterns of behaviour, pricewise. Which phenomena are driven by actual market forces & behaviour. Not according to textbook or professorial accounts on how a stock or an investor should behave ...
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....
minahkarant
363 posts
Posted by minahkarant > 2015-04-24 20:01 | Report Abuse
In Ace market nothing is impossible. I recall when new directors came in the bough a block of shares at .10 . Then came a series of announcements that never took off, fore example the non renewal of Custom & Excise in using their system and an investment with a Muslim group in China on tracing halal products. I agree that anything .10 and below is cheap. Look at the average price target, someone fix it at .28. If you are looking for short term investment , you may want to put some in this counter befo0re the mad rush begins.