I don't think it will fall forever....there is a bottom found at 33.5 sen...so far....the selling has slow down...and we will be moving up soon....hang on....stay focus.
I sold all my shares....in Malaysia and went to China50-c1 as I can see a potential of a big rebound coming...not sure but at least for now the bottom is at 33.5 sen and now closing today at 35.5 sen it is near bottom. Worth to gamble...just buy small lots. Not big...small. But at least better than investing in Malaysia when the political landscape is a bit uncertain...anyway no need to follow me. I just gamble ...this is big risk...big gain like a do or die mission...kamikaze in Japanese. Hope the Chinese government will step in to bring up the market tomorrow. Can gap up to 50 sen or 60 sen if the chinese government intervenes! Cut loss at 33 sen.
If China cannot rebound today...then it will go down as investors will lose confidence....but based on my technical analysis, the rebound should be coming as we are in OVERSOLD territory and a sharp technical rebound is overdue....bargain hunters will be back...or the chinese authority should step in to mop up the battered stocks.
ss composite just broke the first 28 days resistence with very strong buy today. looks like china government or some bargain hunters are back. uptrend may continue for tomorrow and Friday.
Really across the board...jump in index...China is green...Trust china...fight back those short sellers...simply simply short sell...think they can push the Chinese authorities? I think China stock market will rebound strongly tomorrow. Today it proven it really rebounded strongly....another 200 points to go!
Still got 1 more month...after that you get back your money...what to worry? The price is based on the index...the higher the index the higher the price...let it go up a few hundred points...then really durian runtuh...
Today we buy in anticipation of a huge jump in the index tomorrow...as the sentiment is strong and bullish...maybe 50 sen is possible...come on!!! Now still below 40 sen...can buy before the rush and panic buying tomorrow....
ALERTS : CHINA50 Index vs China Call counters prices :
C1-C8 (except C8) call prices DOES NOT FAITHFULLY REFLECT THE CHANGES IN THE UNDERLYING INDEX PRICE...very easily done by comparing the 30minutes charts of both...
This is very obvious because the market-maker (MACQURIE??) want to catch the T+4 & T+3 positions today....pressing down to collect back cheaply/manipulating prices NOT ALLOWING this T+3 & T+4 counters to REFLECT THE NATURE FLOW of PRICES....
I think it is a GOOD GROUND TO COMPLAIN to the supervising authorities so that this UNHEALTHY PRICE BEHAVIOUR CAN BE STOPPED!!!
price is not accurate because outsiders alrdy whack most of it and market maker is unable to control the price. I know a taiko who bought 1 mil (siao gambler) in c1 and c2 last time when rebound...then sold all bought h1,h2 500k and gila huat one day.these kind cannot hold la. You are under big player mercy. If he sell tomorrow even if china up this counter wont move. The one who controls the big holdings win. Simple as that.
I gambled .....bought at 36 sen....sweating all the way today...when the price gap up to 37 sen broken the gap went down back to 36 sen....luckily still standing tall.....price resume uptrend in the evening hit 40 sen and come down at 39 sen...
Now I know 38 sen is the support....41.5 sen resistant...tomorrow if gap up break 41.5 sen....will go all the way back to 58 sen....lets pray hard and go all out....!!!!!! China fight back!!!! Such a big country ...who cares...China will fight ....China don't need to worry...China is a strong country...don't simply sell down China...China will rebound back stronger than before....really fierce....I love it!!!!! This is the once in a life time opportunity. Buy low sell high...38 sen support stop loss 37.5 sen...tomorrow...break 41.5 sen...I will be laughing to the bank....waiting for tomorrow...Malaysia??? I sold off...concentrate on this one.
#1 Call Warrants are not principal protected and may expire worthless The price of the Call Warrants may change more rapidly than the level of the CHINA50. Given the gearing feature inherent in the Call Warrants,a small change in the level of the CHINA50 may lead to a substantial price movement in the Call Warrants. Unlike stocks, the Call Warrants
have a limited life and will expire on the Expiry Date. In the worst case, the Call
Warrants may expire with no value and you will risk losing all of your investment.
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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 > 2015-07-28 15:30 | Report Abuse
It is scary....it is frightening...but....no gamble...no risk...no gain....dare or not???? Ask yourself...