STOCK MARKET DISCUSSION V73, Blood Bath is Refreshing!
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 Mar 2 2011, 02:43 PM
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#1
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Junior Member
15 posts Joined: Feb 2006 
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Dear all sifu out there,
Please, pls give me some advice: 1. GPacket bought 0.765 before announcement of extension back to profit. Now 0.625  So here is my exit plan: a. Get another 10 units to average cost back to 0.695. Then wait for an exit at 0.7 b. Dump it contra for another counter. c. Any alternative? |
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Mar 2 2011, 03:26 PM
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#2
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Junior Member
15 posts Joined: Feb 2006
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QUOTE(skiddtrader @ Mar 2 2011, 02:52 PM) You want to average down (throw more money) to get out with nothing? What if stock continue to drop to 55 sens, then what do you do? Throw more money into it? Thanks man. Only average down when you're confident the stock will go up and your strategy is to increase profits from an already profitable position. If you're already losing money, its always better to lessen your risks of further losses rather than increase it, in my humble opinion.  Bloody day. My screen in RED. I place a wrong bet. GPACKET have gradually reduce lost and the way news mislead to believe they can break even. =.=" My shallow exp tell me that never sell on days like this when can hold it. But now, I am so not sure. OSK research no longer cover this counter. |
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Mar 3 2011, 08:39 AM
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#3
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Junior Member
15 posts Joined: Feb 2006
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QUOTE(markchan @ Mar 3 2011, 08:18 AM) Good morning guys us market up NIKKEI + 40 points for now ..Added on March 3, 2011, 8:18 am**it's a sign We should see a rebound today  |
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