QUOTE(kmarc @ Nov 29 2008, 07:25 AM)
Errr... why do you need to quickly sell off the shares.... is it because of the T+3 or you're afraid it might drop further?
I'm still holding on to Zelan which I bought at 0.785 (2000 shares, peanuts amount compare to you guys) as I'm waiting for the market to go up around year-end or chinese new year..... Might even keep longer if the market is recovering (unlikely, looking at world economy)....
At the moment, I'm also stuck with KINSTEL and RESORT as the price I bought was higher. Again, will be waiting for those counters to go up (maybe next year or two

) before I sell them....
No, it's not because T+3, still hv time ...
At the moment, I don't hv plan to buy for long term, mostly do day trade or contra trade. That's my objective.
So for this kind of objective, the longer I keep the share more risk the price can go down...
Haven't decide which share to include in my new portfolio.
My previous portfolio, I already cash out since last June...
keep the cash... now need to start buy back ...
Although before this I said I've bought Zelan 2000 shares avg prices 0.84 for keeping,
later I've bought more Zelan managed to avg down and sold off all of it...
QUOTE(viper88 @ Nov 29 2008, 10:16 AM)
Well for me, its based on no. of transaction and no. of buying/selling queue pressures. I will monitor its movement and follow the buyer/seller trend till a certain point where i feel at safer zone or lesser risk when buy or hold on to a stock. During Bearish market, strong stocks movement also will be volatile due to faster profit taking n its easier to get BURNED easily if didnt exit fast.
This is why i feel the opportunity to buy and sell one stock counter back several times is possible. Buy In at strong support price and Sell out when the selling pressure is strong, and later when drop back to strong support lvl i'll go buy in back.

Another trading strategy i set if i fail to exit early is to buy back the stock at its next support lvl and sell if rebound back.
Eg. like Zelan, i play this counter in and out more than 3X.
Still want to buy in back but 2bad it didn't drop till my safe zone price.
Zelan jump from 0.80 to 0.87 yesterday at closing is quite unexpected as the buyers seems in a hurry to grab at higher price and push up its price.
It seems like being plan and execute well by some players.
Resort..
I chk this counter drop from 2.6+ to its support lvl at 2.4 and seems stable around that price on Thursday.
But on friday mornng i notice selling pressure start to build up back as more seller queue appear. Too bad i didn't stick to my plan to exit fast at 2.43 after notiice more selling pressures coming.
So now i either buy back at low price or sell when it rebound.
I also notice this week alot fishy news play and erratic stock movement.
Airasia - news about privatisation? i monitor this counter not much movement even after the news is out... buying vol. is low and den... later come out news Airasis lost millions..
The earlier news more like a trap to bring its price up to cushion
Ramunia - limit down. very bad..
Zelan - drop alot before this ..
MMC - privatisation Zelan news? mmc drop... den later no privatisation.. go up... but den drop again.
Resort - drop n drop ... even all local research papers give good TP.
Yes, buy strong counters at low price for mid/long term investment good but if the movement trend and selling pressure high, there will be higher chance to buy it even lower price.
Nobody wants to get stuck at high price for long time. Either cut or buy back at lower price to average down. If no more ammo and dun want to cut, have to be patient and wait slowly till it goes up again.

Cheers,
v_viper88
Agreed...
I'm also looking at Resort for short term buying opportunity...
QUOTE(wirelessdude @ Nov 29 2008, 10:16 AM)
Unless you think you can accurately time the market, have deep pockets to average down or have insider information, you should invest long-term instead of day-trading. And now's a perfect time to invest because stocks have fallen up to 70% from their peaks and trading way below their NTA.
Whatever you buy today has a very high probability of turning in a handsome profit in 3 to 5 years time. Safe stocks like Pbbank, Resorts and IOI could double by then, and if you can stomach more risks, stocks like Zelan and KNM could triple or quadraple.
Try diversifying because you'll get to spread your risks and ride the economic recovery in other countries as well. My current long-term investments are as follows:
- 50% in Unit Trusts (4 types - US & Europe, China, Asia Pacific ex Japan, East Asia).
- 25% in Aussie Dollar.
- 25% in Bursa stocks (Zelan, KNM, Scomi, Resorts, Pelikan, Gpacket)
Hope this helps.

Thanks...
yeah now it's a good time to buy back good shares at lower price