There is always an element of risk...and reward....I normally buy when the stocks fell to a really huge discount. Then buy a few lots to test it out. If it fall again I cut loss. Now at 47.5 sen is a good buy. Cut loss if fall below 47 sen i.e 46.5 sen. If not tomorrow might go back up to 50 sen or 60 sen. So you can take your profit.
C3 is near bottom. 17.5 sen is the support. Buy 18 sen or 18.5 sen stop loss at 17 sen.
What I can say is....it was going down yesterday huge losses...from 58 sen down to 36.5 sen....and rebounded to 41.5 sen. Then today it went down pass 36.5 sen support to 33.5 sen...and everyone panic...suddenly there is a huge buying coming....now it rebounded passed 36.5 sen...and it might be going back up. So the gamble is there.....33.5 sen bottom...buy now at 36.5 sen....cut loss 33 sen....if up to 58 sen sure huat...China says it is going to defend its stock market...So hoping for some miracles...Who dare to take the risk??????????? Buy small no worries...10 lots...10 lots...and average the price...sure ok..if you don't be too aggressive. It might rebound like last time. Sure worth a gamble here...
China said on Monday it was prepared to buy shares to stabilize the stock market and avert "systemic risks", after major indices plunged more than 8 percent in the biggest one-day fall since 2007.
The securities regulator also said market authorities would deal severely with anyone engaged in the "malicious shorting of stocks", in Beijing's latest attempt to stave off a full-blown market crash.
Monday's slump, amid growing doubts about the strength of the world's second biggest economy, shattered three weeks of relative calm as a barrage of support measures helped stabilize values following a sharp sell-off that started in mid-June.
"The lesson from China's last equity bubble is that, once sentiment has soured, policy interventions aimed at shoring up prices have only a short-lived effect," wrote Capital Economics analysts in a research note reacting to the slide.
The CSI300 index .CSI300 of the largest listed companies in Shanghai and Shenzhen tumbled 8.6 percent to 3,818.73 points, while the Shanghai Composite Index .SSEC lost 8.5 percent to 3,725.56 points.
China's market gyrations have stoked fears among global investors about the broader health of the Chinese economy, hitting prices of growth-sensitive commodities such as copper, which fell on Monday to not far from a 6-year low. [MET/L]
But, while recent stock market weakness will have caught out many retail investors and companies who jumped in as stocks more than doubled in a year, the relatively low rate of stock ownership by households and a disconnect between valuations and economic fundamentals mean the impact on the economy is likely to be less than in other markets.
FUTURES TUMBLE
Stocks fell across the board on Monday, with 2,247 companies falling, leaving only 77 gainers.
RELATED COVERAGE › Chinese securities regulator says to continue to buy stocks More than 1,500 shares listed in Shanghai and Shenzhen dived by their 10 percent daily limit, led by index heavyweights including China Unicom (600050.SS), Bank of Communications (601328.SS) and PetroChina (600028.SS).
All traded index futures contracts also fell by their maximum 10 percent limit, with the exception of a few tracking the large cap SSE50 index, which declined around 9 percent.
Some analysts said talk had circulated among traders that the China Securities Financial Corporation (CSFC) had returned ahead of schedule some of the loans it took to stabilize the stock market, highlighting investor concern that Beijing's commitment to supporting prices may be flagging.
The CSFC became the regulator's weapon of choice earlier this month, borrowing money from commercial banks to buy shares in Chinese stocks. That helped indexes jump around 20 percent from their recent low, until Monday's renewed decline.
Several hours after the Chinese markets closed, the China Securities Regulatory Commission (CSRC) denied talk that the CSFC was retreating from the stock market, and said it did not rule out the possibility that some big investors were engaged in "malicious" shorting of shares.
Can try ...buy 10 lots first...then if ok..another 10 lots...don't buy 1 shot 100 lots...else if go down ...you don't have bullets to average..support at 36.5 sen....sell if break support.
Crisis presents....opportunity....waiting for it to drop further...to pick up to average...told you to buy 10 lots...don't buy 100 lots at one go...now you will need to bottom fish for another 10 lots...near lows...slowly...this is how you play...small lots.
I have full confidence in China a big country with huge reserves...just buy near bottom and wait for the huge rebound coming...I trust my instinct...but if I fail...I only lose a bit...cause I play small lots..and average 10 lots each...slowly...
Today is something historical...china falls sharply down....present a good buying opportunity....when something fall from the sky...you still don't notice it....it is now to grab it...at the lowest rock bottom price...just hold a bit longer...when china buy back the shares...it will rebound sharply...and we will rock and roll...just relax...and stay focus now...don't cry..just slowly buying at the lows...
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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....
richkid
8,140 posts
Posted by richkid > 2015-07-27 12:26 | Report Abuse
Tomorrow might go back up to 55 sen...or 60 sen if market sentiment improve.