Happy Family?

Stocks in same family....

Sometimes same sector.

Heeeeehehe

Yes.

Catalyst is indeed very important.

However..... 'ban on china steel'?

That's just pure speculation.... yes?

Anyway... as it is .... IF you want to trade the range.... getting in around 1.02 could be an option to consider.

You very sure that was an advice meh?




In the shark market, any stock can be traded one maaaa.......

win or lose.... err .......

Tipsy ah?

Waaaa....lagi ada!!!!

Eh?

Happening is what?

FA + TA cannot use meh? Sure meh? LOL!!!

That's good observation.

Yes, big cap didn't go down much cos most of them had been in a correction mode for quite some time already.....

Before yesterday, the support line was around 85.5
After yesterday, the support line is changed to 81 sen.

You can refer to the commentary and also support lines provided by the CN trading software.

(this is basic stuff and the software platform is provided free if you have a trading account with Kenanga or Jupiter (maybe others too) )



See how the support and resistance lines changes CONSTANTLY?

Why?

Stocks are traded constantly all the time.
With new traded data, new support and resistance lines are drawn over and over again.

For some traders, they feel this is important.
A short term trader (ie day trader or contra trader) 'might' treat this lines as holy grail....

For some, the longer trader (traders who trades based on months or even yearly) these lines 'might' not be as useful....
Why?
Cos the traders 'might' perhaps be looking at trend lines instead of supports and resistance lines....

Anyway for me, I do not get hang up over support and resistance lines....
The market is liquid, it is forever changing...
these lines changes....


Oh yes... the market sentiments is rather poor.

Like this also enjoy?

Do not simply buy on a down trending market....

Sometimes stocks can really, really fall............................

Err... very vague leh...

what kind of comment you want me to give?

( I hope you no seek investing advice la.... cos I am not pro leh.... )

This one is fairly new stock.
Hard to gauge it based on fundamentals now leh....

Here is the chart...

Err....



Try the 'upside down' or 'inverse chart' thinking....

say if this stock is breaking UP instead of breaking down....

where do you think the stock might hit based on the chart above?

I think not the same thinking.

When you buy in batch....

the first batch.... you buy say 20% of your available capital.
Why?

Cos basically you are unsure if the stock could fall somemore........
so you buy in batches....

which basically means...
you are UNSURE if your first buying in price is correct or not.................

if unsure....
then why waste the bullet and buy in the first place?

Long term investor spotted!!!

LOL!

You are twisting it around.
Yes, for sure there's no sure thing in the market.

As I have said before...
everything is about managing the risk.

You can refer back as short as last week.....

Remember how I was against buying based on supports?

See how those support has now vanished???

Yes, you can have back up plans...
But if the stock keeps falling....
no matter how good the stock is...
most important is HOW MUCH MONEY DO YOU HAVE?
meaning..... so easy to say...
I buy in batches....
if it falls I buy more...
and if it falls again I buy more......

well...
have you considered that perhaps all these can be done in a better manner?
have you considered the fact that perhaps the initial buy plan could be wrong?



Well ... these just my opinions....
I can always be wrong one....

anyway.... be in the market LONG enough, and you will one day understand what I am trying to say ....

Of course you could.

But if you have really followed my comments since World Cup finished...

I have stated more than a couple of times that the market is generally fairly valued.

Prices weren't cheap.

And that there was an extreme bull in many punting stocks.

Add it all in.....
with the negative market sentiments....
everything is perfectly cooked for this correction/consolidation (which I think is perfectly healthy! )

Anyway....
if anyone has followed my comments in general...
I have always warned against buying early in a falling stock.

In that sense, it's in my opinion, not to simply buy.
And therefore, I do not agree using the buy in batches.

Just my opinion and it's fine with me if you do not agree.

I tend to agree with you.....
I do feel that perhaps it is better to allow the market digest this consolidation first....

there are far too many new players in the shark market...
thinking they are godsend...
and it's in their privilege to treat the market like an atm cash machine....
they lack no respect for the beast in the market......

In a falling market...
what's the risk in employing such strategy?
Well, the market could steamroll into a plunging market!!!

See...
everything is about patience in the market....

Waiting to buy...... is an art itself.
Waiting to sell....... is also an art itself.

In between.... waiting and doing nothing..... is the greatest art of all.

I am not an investor either.