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TCSS
Dec 17, 2013 17:14:15 GMT 7
Post by zuolun on Dec 17, 2013 17:14:15 GMT 7
odie, After my group has finished compiling a list of stocks for probable trend reversal play (long for mid-term), I will pm it to you. You can take your time to pick and choose from the list, which is strictly based on TA. (Members do have privileges over non-members in this forum.)  odie, Defensive stocks need patience to accumulate; queue and buy in small batches, i.e. each trade size @ S$9k. Wish you GOOD LUCK.  |
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TCSS
Dec 17, 2013 18:02:56 GMT 7
Post by odie on Dec 17, 2013 18:02:56 GMT 7
odie, After my group has finished compiling a list of stocks for probable trend reversal play (long for mid-term), I will pm it to you. You can take your time to pick and choose from the list, which is strictly based on TA. (Members do have privileges over non-members in this forum.) odie, Defensive stocks need patience to accumulate; queue and buy in small batches, i.e. each trade size @ S$9k. Wish you GOOD LUCK. Thanks zuolun bro this is only for a punt finger itchy so can't be helped LOL |
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TCSS
Dec 17, 2013 20:25:29 GMT 7
Post by puregold on Dec 17, 2013 20:25:29 GMT 7
Wow, so good ah. Can I have the list as well, Zuolun?
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TCSS
Dec 18, 2013 22:11:34 GMT 7
Post by zuolun on Dec 18, 2013 22:11:34 GMT 7
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TCSS
Dec 19, 2013 10:56:40 GMT 7
Post by odie on Dec 19, 2013 10:56:40 GMT 7
thanks zuolun bro, didn't buy kepcorp |
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TCSS
Dec 19, 2013 17:28:44 GMT 7
Post by zuolun on Dec 19, 2013 17:28:44 GMT 7
odie, 不识庐山真面目，只缘身在此山中。I saw 2 promfrets again!   |
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TCSS
Dec 19, 2013 18:28:35 GMT 7
Post by odie on Dec 19, 2013 18:28:35 GMT 7
odie, 不识庐山真面目，只缘身在此山中。I saw 2 promfrets again! no worries zuolun bro, my stops are tight thanks |
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Post by puregold on Dec 20, 2013 9:38:01 GMT 7
Maybe the second pomfret is different this time? odie, 不识庐山真面目，只缘身在此山中。I saw 2 promfrets again! |
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TCSS
Dec 20, 2013 10:41:47 GMT 7
Post by zuolun on Dec 20, 2013 10:41:47 GMT 7
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Post by zuolun on Dec 20, 2013 10:55:37 GMT 7
Maybe the second pomfret is different this time? I believe that history repeats itself. That's the main reason why I use TA as an additional tool to guide me in trading, instead of purely gut-feel. The second pomfret is much heavier and it's now at a higher level. Technically, it should decelerate at a faster speed than the 1st pomfret based on Newton's law of gravity. odie, 不识庐山真面目，只缘身在此山中。I saw 2 promfrets again! |
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Post by puregold on Dec 20, 2013 11:32:30 GMT 7
I can't agree with you more on TA as a guide in trading. If retail investors had taken the TA approach in trading the 3 infamous pennies and many other penny stocks, they would have lost much less. Maybe the second pomfret is different this time? I believe that history repeats itself. That's the main reason why I use TA as an additional tool to guide me in trading, instead of purely gut-feel. The second pomfret is much heavier and it's now at a higher level, technically it should decelerate at a higher speed based on Newton's law of gravity. |
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Post by zuolun on Dec 20, 2013 12:03:16 GMT 7
I can't agree with you more on TA as a guide in trading. If retail investors had taken the TA approach in trading the 3 infamous pennies and many other penny stocks, they would have lost much less. puregold, In most instances, I often use TA as a defensive tool rather than an aggressive tool. The difference between the two is that, the former is to control/stop losses, the latter is to maximize gains to the highest level. For example when Blumont hit S$1.945 on 19 Sep 2013, it was on impulsive wave-v of Wave-5 up, which was the last burst of fire based on the Elliott Wave chart pattern. Those who were still on board at S$1.945 and didn't want to get out were aggressively betting for an extended Wave-5 up, then. But extremely aggressive punters didn't know the meaning of "the higher it goes the harder it falls". oldman, There's a Chinese saying: 见好就收 = "Quit while you're ahead." Blumont's EW chart pattern already looked extremely toppish to me in mid-Sep, prior to the collapse on the 3rd of Oct.     |
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TCSS
Dec 20, 2013 13:09:12 GMT 7
Post by zuolun on Dec 20, 2013 13:09:12 GMT 7
odie, SMRT — Even down to S$1.12, there is still alot of meat on the plate for shorts. 1. Go long when stocks reach a new high. Sell short when they reach a new low.
2. A stock is never too high to buy and never too low to short. |
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Post by puregold on Dec 20, 2013 13:12:25 GMT 7
Many penny stocks in play today. Decent volume 1448M but value merely $444M.
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Post by zuolun on Dec 20, 2013 13:55:46 GMT 7
Many penny stocks in play today. Decent volume 1448M but value merely $444M. The best and safest play now (long/short) is still the 3 banks, DBS, OCBC and UOB, all are still in positive territory.  |
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