Wei Jie, see my previous post. Today is T+3. Tomorrow is T3+1 or T+4. Some broker give T+4 instead of T+3 so tomorrow could be some contra selling too.
Whatever it is, just have faith on CSL! I have been holding this share since a year ago when it was bouncing between 0.07 and 0.09. 1 or 2 days not gonna stop me from holding it longer.
No, Wei Jie, it is not going up on Friday nor any other day. So I suggest you quickly sell it now while you can! Let other trader who have stronger faith to buy it back from you!
Try other counter/stock which you have better faith!
Hi Wei Jie, I agreed with what Wunan & Jstockman said. You should sell your shares. In a same day, you have asked more than 10times on why the price dropped, price no moving, when it will be up ..... I think you give too much pressure on yourself. If you don't sell it and you still keep asking questions like this, I believe nobody will entertain you later. Sorry if my words hurt your feeling. I am taking "share playing" is my hobby. Buy it for medium to long term. No need to pressure ourselves although it drops.
miankia la.stock market like what hokkien song said...wu si ki wu si lo...wu si ho ho wu si tao hong.......just think the price will up or down after upliftment...before uplift maintain at12-14.5cts.after uplift open at15cts...will it go down below 15cts?i dont think so.....take it easy..
We can really keep this stock for medium term. on TA, its MA20, 50, 100 & 200 all are in uptrend mode. 100% return from current price is definitely not a problem. Be patient.
Yes! my big lot buy order triggered at 0.155! Drop more = opportunity to buy at lower price!
Guys, be aware that this morning is T4 final day. Many who bought contra post-news (last friday) will need to sell by this afternoon. So, let see if the price go back up after lunch break today.
Friday opening price at 0.155 but Thursday closing price at 0.140. Imagine everyone buy after the PN17 lifted news. So, last Friday whole day everyone is buying at price 0.155 or above. There were 3 types of buyers in this case: 1)Most of them are impulsive trader who just want a quick buck so they will sell before T3/T4. 2)A few of them bought to top up their existing lots which they previously have bought some below 0.140. 3)A small amount of new investor who bought for long term.
Hence, further evaluation will be like this: 1) People in group 1 will sell on T3 or T4. Their lowest entry price is 0.155 so they will try to sell it above 0.155. 2) People in group 2 will keep their stocks and aim long term. 3) People in group 3 will also keep their stocks and aim long term.
So, a simple mathematics evaluation will show us: a) Assume 80% of people who bought post-news last friday are in group 1. Assume 10% in group 2 and 10% in group 3. b) All these people (100%) bought on Friday at price above 0.155. c) None of group 2 or group 3 people sell their stocks.
Result: 100% people buy above 0.155 and only 80% people sell above 0.155. That still leave 20% people keeping their lots. Also, many of group 1 people who manage to make quick profit selling before T3, may also consider to Re-enter market at their first buying price at 0.155 or slightly lower.
Consequences? That makes 0.155 a support level. I'm more conservative so I will say 0.140 - 0.155 is the support level, because Thursday closing price is at 0.140.
JN88, you dont need to pay tuition fee. Just remember what cause the up and down? It's the supply and demand! Supply > Demand = Down; Supply < Demand = Up. So now, quickly go check the (Best Sell) and (Best Buy) quotes, and see how many lots are on sell and how many are on buy. Advice: Do not look more than three price steps. Example, now BB and BS is 0.150 and 0.155. so the 3 price steps from here are 0.140, 0.145,...to 0.165. Count the total lots and also the total owners. If BB > BS, it has potential to go up!
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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....
ikanbawang
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Posted by ikanbawang > 2015-12-02 15:47 | Report Abuse
thanks ggecko