What I comment above is not for long term player or those with deep pockets..Then they will do shopping for cheap sales (like today and next few days of downtrend for smallcaps/pennies)
This is what Ong Teik Bee (an analyst/sifu) commented in Hevea forum:-
"I always like to do my shopping during sale, I will ensure I buy the expensive one at 70% discount. This is called value shopping.
I also like to buy share when there is a cheap sale like yesterday. I really happy to buy those stocks I missed out in last rally. Thanks god, I catch most of them yesterday. I will continue to shop for cheap sale in next few days.
One very important question, will stock market crash or not ? I do not know and I do not wish to think about it because it is not within my control. To me, the stock market is always very difficult to crash, the probability is always very low. How many crash we can see in our life ? We can count using your fingers. It means it is very rare."
Bro swingtrader. Glad to hear that u are doing well there. Is okay, since u bought knm today, hope can bounce back later in the afternoon. Yea, agreed with what u said. But I also got not much time to monitor my trades. This few weeks always come back home late, everyday almost 10-11pm, very busy. Not much time to further study on stock market also. Haih.. Anyway, best of luck for ur new career. :)
Bro hepitrade. If Thheavy today or tmr no rebound, then I think should consider down trend liao gua. Have to see next week performance ady. But can try to catch the bottom ball in this few days, if u are a high risk taker. Have appointment, got to go liao. :)
Hi guys...I've been through down trend many times including the times of Saddam hussein...this is important!! ie REDUCE YOUR EXPOSURE TO MARKET (ie reduce your holdings if you have too many) also shopping for cheap sales if you have v few stocks and you have the cash.
Hi guys again, when the penny stocks rebound...almost the whole penny market will do in one co-ordinated move. The trouble is WE DON'T KNOW WHEN WILL BE THE REBOUND
thhe i already cut just now. Will wait for any reversal sign first. Tonight thhe should have its financial result being announced, but not sure what will be the play tomorrow.
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....
Posted by hepitrade > 2014-01-02 18:04 | Report Abuse
What say you, bro & sis ?