View Full Version : Dangers of playing shares
http://www.fool.sg/2013/10/04/whats-happened-to-blumont-asiasons-and-liongold-corp/
On Friday morning three popular Singapore shares fell off the proverbial cliff. Asiasons Capital Limited?s (SGX: 5ET) slid 61% to S$1.04; Blumont Group?s (SGX: A33) slumped 56% to S$0.88 and LionGold Corp (SGX: A78) dropped 42% to S$0.88.
god bless those who kena burnt:doh:
http://www.fool.sg/2013/10/04/whats-happened-to-blumont-asiasons-and-liongold-corp/
On Friday morning three popular Singapore shares fell off the proverbial cliff. Asiasons Capital Limited?s (SGX: 5ET) slid 61% to S$1.04; Blumont Group?s (SGX: A33) slumped 56% to S$0.88 and LionGold Corp (SGX: A78) dropped 42% to S$0.88.
god bless those who kena burnt:doh:
Buy properties in good location. Don't buy shares. Shares may vaporize overnight, properties will be there even after you pass away.
http://www.fool.sg/2013/10/04/whats-happened-to-blumont-asiasons-and-liongold-corp/
On Friday morning three popular Singapore shares fell off the proverbial cliff. Asiasons Capital Limited?s (SGX: 5ET) slid 61% to S$1.04; Blumont Group?s (SGX: A33) slumped 56% to S$0.88 and LionGold Corp (SGX: A78) dropped 42% to S$0.88.
god bless those who kena burnt:doh:
This type of share can invest meh?????
More like gambling lor
This type of share can invest meh?????
More like gambling lor
thats the problem a lot of INVESTORS end up as GAMBLERS its the SINGAPOREAN mentality no need to pay $100 entrance fees to play shares unlike casino:eek:
thats the problem a lot of INVESTORS end up as GAMBLERS its the SINGAPOREAN mentality no need to pay $100 entrance fees to play shares unlike casino:eek:
Then too bad. they got to pay to learn.
Stock mkt is full of sharks, waiting for ppl like them
but if u invest in gd stock like SPH, Singtel, then is different story
http://www.fool.sg/2013/10/04/whats-happened-to-blumont-asiasons-and-liongold-corp/
On Friday morning three popular Singapore shares fell off the proverbial cliff. Asiasons Capital Limited?s (SGX: 5ET) slid 61% to S$1.04; Blumont Group?s (SGX: A33) slumped 56% to S$0.88 and LionGold Corp (SGX: A78) dropped 42% to S$0.88.
god bless those who kena burnt:doh:
Bulmont was 0.015 in 2011. In 2013, it goes up to >2.50.
So if U will to invest 10k in 2011. It became $1 million b4 it get suspended in 2013.
Fool me ONCE , shame on YOU.
Fool me TWICE, shame on ME.
Fool me the 3RD TIME, so STUPID I am.
Fool me the FOURTH TIME, I need to be CONDEMN.
Fool me the FIFTTH, SIX TIME ... I am really hopeless.
LISTENING TO HEARSAY/HERDINVESTING/GREED
DO NOT fall prey to herd instinct. Avoid making big financial decisions based on hearsay. When U make any investment, if your mind is focus on high return as 1st priority . Then U will be easily blind by the risk you are in. Majorities Retail investors see high return 1st priority when they buy share. They ignore the high risk. They like to play speculative penny stocks due to it low cost & high liquidity with High profit.Long term, they will suffer through big losses due to their weak emotional trading behavior. Too painful to cut loss. Hesitate to cut loss at the initial stage. Hesitation can be very costly.
rdgs,
Vic
bargain hunter
04-10-13, 16:31
i thot singaporeans all put their money into ppties liao? i seriously doubt many retail investors bought the 3 stocks.
Bulmont was 0.015 in 2011. In 2013, it goes up to >2.50.
So if U will to invest 10k in 2011. It became $1 million b4 it get suspended in 2013.
Fool me ONCE , shame on YOU.
Fool me TWICE, shame on ME.
Fool me the 3RD TIME, so STUPID I am.
Fool me the FOURTH TIME, I need to be CONDEMN.
Fool me the FIFTTH, SIX TIME ... I am really hopeless.
LISTENING TO HEARSAY/HERDINVESTING/GREED
DO NOT fall prey to herd instinct. Avoid making big financial decisions based on hearsay. When U make any investment, if your mind is focus on high return as 1st priority . Then U will be easily blind by the risk you are in. Majorities Retail investors see high return 1st priority when they buy share. They ignore the high risk. They like to play speculative penny stocks due to it low cost & high liquidity with High profit.Long term, they will suffer through big losses due to their weak emotional trading behavior. Too painful to cut loss. Hesitate to cut loss at the initial stage. Hesitation can be very costly.
rdgs,
Vic
If I had invested in blumont at that price point, i would have ran happily if i made 50k, not to mention 1m :D
BTW I was watching the action this morning, came down from 2.02 to under 90 cents every exciting minute. by 945 is was over :scared-4:
If I had invested in blumont at that price point, i would have ran happily if i made 50k, not to mention 1m :D
BTW I was watching the action this morning, came down from 2.02 to under 90 cents every exciting minute. by 945 is was over :scared-4:
Many stock investors want to be Warren Buffett. Stocks are quite complex to play, not to mention insider trading that gives unfair advantage to some traders.
ha ha...glad to see many of us property gurus also LOOKING at the share market
totally agree property is a MUCH BETTER and safer investment any day....:2cents::D
but actually our SGX also kelong one...they should be monitoring these type of companies long time ago...:(
Many stock investors want to be Warren Buffett. Stocks are quite complex to play, not to mention insider trading that gives unfair advantage to some traders.
You are very right. Got a remisier once told me during ICT to get certain stocks as properties to him too high and not worth. I put in a bit in the stock to see how it goes. In the few months proceeding, recommended stocks dipped 10%, my property continued to gain say 3-5 %.
Still have good stocks but not easy to navigate. One that I held for years increased by 3 to 4 times in a matter of weeks. In short, highly volatile.
but actually our SGX also kelong one...they should be monitoring these type of companies long time ago...:(
A lot of people lost their money due to the Chinese stocks in SGX that shouldn't have been allowed to list there in the first place.
bargain hunter
05-10-13, 09:31
u need to thank david loh and han seng juan for bringing in the bulk of them (100+ brought in by them).
http://advantagepath.blogspot.sg/2008/09/published-september-13-2008-remisier.html
A lot of people lost their money due to the Chinese stocks in SGX that shouldn't have been allowed to list there in the first place.
Hardcored greedy retail clients are hopeless type of speculative investors. They will never learn until they have no money to trade & speculate. The end tragedy is they bring financial disaster to their families.
All this companies were linked by their shareholders & directors.
Blumont & Innopac have a common shareholders in listed IPCO intl. IPCO's company director is also non-executive independent director at LionGold & blumont. lionGold non-executive director is also executive chairman of ISR which used to be the broking unit of Asiaones - From Biz times.
Fool me ONCE , shame on YOU.
Fool me TWICE, shame on ME.
Fool me the 3RD TIME, so STUPID I am.
Fool me the FOURTH TIME, I need to be CONDEMN.
Fool me the FIFTTH, SIX TIME ... I am really hopeless.
rdgs,
vic
Hardcored greedy retail clients are hopeless type of speculative investors. They will never learn until they have no money to trade & speculate. The end tragedy is they bring financial disaster to their families.
All this companies were linked by their shareholders & directors.
Blumont & Innopac have a common shareholders in listed IPCO intl. IPCO's company director is also non-executive independent director at LionGold & blumont. lionGold non-executive director is also executive chairman of ISR which used to be the broking unit of Asiaones - From Biz times.
Fool me ONCE , shame on YOU.
Fool me TWICE, shame on ME.
Fool me the 3RD TIME, so STUPID I am.
Fool me the FOURTH TIME, I need to be CONDEMN.
Fool me the FIFTTH, SIX TIME ... I am really hopeless.
rdgs,
vic
By establishing the links between these companies, now we know... i almost dipped in ISR when it was on a bull run the last 2 months. 20 cents to over 70 in just a few weeks and came crashing back again to 20 yesterday
All this companies were linked by their shareholders & directors.
Blumont & Innopac have a common shareholders in listed IPCO intl. IPCO's company director is also non-executive independent director at LionGold & blumont. lionGold non-executive director is also executive chairman of ISR which used to be the broking unit of Asiaones - From Biz times.
rdgs,
vic
I Have been holding Innopac shares for more than twenty years. I paid 88 cts per share and can't understand why I didn't cut loss.
There were rights issue for this counter but I chose not to subscribe.
There is nothing I can do now but to wait for this counter to be delisted. Once it's delisted, I may get back some certificates, which can be used as toilet paper.
I Have been holding Innopac shares for more than twenty years. I paid 88 cts per share and can't understand why I didn't cut loss.
There were rights issue for this counter but I chose not to subscribe.
There is nothing I can do now but to wait for this counter to be delisted. Once it's delisted, I may get back some certificates, which can be used as toilet paper.
wow bro sorry to hear that hope u made back with other counters:cheers1:
wow bro sorry to hear that hope u made back with other counters:cheers1:
Well, you win some and you lose some and sometimes I can't help but feel that trading in shares is a waste of time.:D
bargain hunter
05-10-13, 22:56
complex mess of companies:
liongold, asiasons, blumont, innopac, isr, ipco.
others: ITE, china fibretech
even magnus energy is mildly related.
http://sg.finance.yahoo.com/news/liongold-corp-ltd-where-did-080000005.html
By establishing the links between these companies, now we know... i almost dipped in ISR when it was on a bull run the last 2 months. 20 cents to over 70 in just a few weeks and came crashing back again to 20 yesterday
Well, you win some and you lose some and sometimes I can't help but feel that trading in shares is a waste of time.:D
haha i also got same feeling:doh:
Shares are definitely dangerous to retail investors even blue chip companies are not sure win all the time if bought at the wrong time.
Wunderkind
06-10-13, 10:30
There is risks in every kind of investments.
Whether it is share or property. We need to be knowledgeable about the investment before we even put our hard earned monies into it.
Warren Buffett has the right temperament for share investment which not many of us have. He knows what he is investing in. He has the eyes to the future possibilities of companies and businesses. And he know the intrinsic value of businesses. He knows where the moat or money float that he can leverage to be able to invest into the right businesses.
It is not luck. It is astuteness. It is detachment. It is seeing what others cannot see with the mind where most will use their hearts.
For share, it is worth to take time to enter and exit the market, once you know you are buying the right businesses.
All 3 counters will resume trading tomorrow
Asiasons, Blumont and Liongold
Designated with Cash upfront for Buy and NO SHORTS allowed
Not vested
All 3 counters will resume trading tomorrow
Asiasons, Blumont and Liongold
Designated with Cash upfront for Buy and NO SHORTS allowed
Not vested
Going to be interesting. Wonder if it'll continue to trend down
Allthepies
06-10-13, 19:30
I will buy 10 lots each when they reach 1cent :D:
Only invest when you know what you are doing.
for people who understand property, go ahead and invest property;
for people who understand stocks, go ahead and invest stocks;
for people who understand bonds, go ahead and invest bonds;
for most who understand none of the above, work hard and invest in your job.
I will buy 10 lots each when they reach 1cent :D:
Only invest when you know what you are doing.
for people who understand property, go ahead and invest property;
for people who understand stocks, go ahead and invest stocks;
for people who understand bonds, go ahead and invest bonds;
for most who understand none of the above, work hard and invest in your job.
Agree totally on the above. Well said!
I will buy 10 lots each when they reach 1cent :D:
Only invest when you know what you are doing.
for people who understand property, go ahead and invest property;
for people who understand stocks, go ahead and invest stocks;
for people who understand bonds, go ahead and invest bonds;
for most who understand none of the above, work hard and invest in your job.
But why does men not understand any bit about women and yet invest so much? LOL
I will buy 10 lots each when they reach 1cent :D:
Only invest when you know what you are doing.
for people who understand property, go ahead and invest property;
for people who understand stocks, go ahead and invest stocks;
for people who understand bonds, go ahead and invest bonds;
for most who understand none of the above, work hard and invest in your job.
Hi Allthepies
If you may
allow me to add 1 last sentence to your posting
Its your money its your call
Its my money its my call
:)
But why does men not understand any bit about women and yet invest so much? LOL
because when this stands:banana:...all the blood rushes down there and u cannot think...wahahhaha:D:D:D
because when this stands:banana:...all the blood rushes down there and u cannot think...wahahhaha:D:D:D
We do think brudder... Just that we use the necc head to think.... Hahahaha
bargain hunter
07-10-13, 09:40
getting there liao. asiasons and blumont fell 90% to around 10c liao.
I will buy 10 lots each when they reach 1cent :D:
Only invest when you know what you are doing.
for people who understand property, go ahead and invest property;
for people who understand stocks, go ahead and invest stocks;
for people who understand bonds, go ahead and invest bonds;
for most who understand none of the above, work hard and invest in your job.
getting there liao. asiasons and blumont fell 90% to around 10c liao.
Really really scaring:scared-1:
Wunderkind
08-10-13, 20:22
Serious carnage on those who bought into the three counters and not able to off load in time.
Possibly losses for clients can amount from $20000 to a few hundreds of thousands of dollars.
Investing in shares that we know little about the business and it's intrinsic value is a dangerous thing.
What abt the Dangers of crossing the Road? or Dangers of rolling off the bed? no one consider those dangers?
Serious carnage on those who bought into the three counters and not able to off load in time.
Possibly losses for clients can amount from $20000 to a few hundreds of thousands of dollars.
Investing in shares that we know little about the business and it's intrinsic value is a dangerous thing.
T and G with many so call expert financial analysts on board
also lose and lose in the Bn :doh:
Wow, this is the most unexceptable! And best part of all, every mistake they made is an "honest mistake" and nobody needs to be responsible! :doh:
T and G with many so call expert financial analysts on board
also lose and lose in the Bn :doh:
Company related to Dian Lee suspended by Singapore Stock Exchange after plunge
http://aseantradinglink.blogspot.sg/
There is always a good chance of insider trading, clever accounting in the firm or big funds collaborating to screw the small investors.
What abt the Dangers of crossing the Road? or Dangers of rolling off the bed? no one consider those dangers?
at least if u in bed with a beautiful woman u will die KOK stand...wahahahah:D:D:D
for the record i have cleared all my positions and on sideline i got NO appetite for risks...i feel that i loose too much sleep and always on the edge and cannot enjoy quality time with my family:2cents:
for the record i have cleared all my positions and on sideline i got NO appetite for risks...i feel that i loose too much sleep and always on the edge and cannot enjoy quality time with my family:2cents:
This is how I felt too
when positions get too big :(
so reduce the size and be comfortable
bargain hunter
09-10-13, 12:11
ST reported that for the 3 designated stocks, if u buy with cash today, u can only sell on t+4 after the shares are credited into your cdp account on t+3! :doh::scared-4:
princess_morbucks
09-10-13, 12:23
ST reported that for the 3 designated stocks, if u buy with cash today, u can only sell on t+4 after the shares are credited into your cdp account on t+3! :doh::scared-4:
Ya, cannot contra.
ST reported that for the 3 designated stocks, if u buy with cash today, u can only sell on t+4 after the shares are credited into your cdp account on t+3! :doh::scared-4:
Yes you are correct
Started on Monday
very troublesome...TT monies over
took a photo using smartphone on the bank statement
and whatsapp over to broker
as Proof before they allow to buy on your behalf
Shares must be in your CDP account before you can sell
So its usually T4
bought some...Vested
princess_morbucks
09-10-13, 12:27
Yes you are correct
Started on Monday
very troublesome...TT monies over
took a photo using smartphone on the bank statement
and whatsapp over to broker
as Proof before they allow to buy on your behalf
Shares must be in your CDP account before you can sell
So its usually T4
bought some...Vested
What happens to those who shorted before Monday?
Huat big time?
Or kena suspended?
Maybe I am a fool .....time will tell :beats-me-man:
Fools rush in where angels fear to tread
princess_morbucks
09-10-13, 12:29
Maybe I am a fool .....time will tell :beats-me-man:
Fools rush in where angels fear to tread
I think you are a follower of Warren Buffet.
"be greedy when others are fearful....."
So should be safe la.
I cannot withstand the ups and downs of the stock market...so I am just watching the show.
What happens to those who shorted before Monday?
Huat big time?
Or kena suspended?
Yes you are right
Huat....
heard some investigation going on :eek:
Level the playing field on trading curbs
Advance notice on restrictions will add to transparency
By Goh Eng Yeow
07 October 2013
Five years ago, just weeks before the sub-prime crisiserupted in the United States and spawned the worst financial crisis in decades,brokerages here took a drastic decision to impose trading curbs to slam thebrakes on a super bull run by penny stocks.
In hindsight, that turned out to be a wise move, as itsaved many remisiers and their clients from getting badly mauled by thesubsequent global stock market rout as financial assets of all shades and huescrashed.
But rather than feel happy about a safeguard that savedthem time and time again from market calamity, remisiers are more likely thannot to complain about how much their business is being affected each timebrokerages impose the same tough measure whenever exuberance in penny stocktrading gets out of hand.
Trading curbs are a regular feature on the local bourse.They typically involve limiting clients’ exposure to a speculative counter byrequiring them to make their stock purchases in cash, rather than get the usualthree days’ payment grace that forms the bedrock of our contra trading system.
The curbs first made their appearance about 15 years agowhen they were imposed by brokerages to curb a penny stock frenzy which eruptedafter the end of the Asian financial crisis.
They turned out to be crude but effective weapons used bybrokerages to protect themselves from the huge “contra” losses once suffered bytheir clients each time a stock market rally reversed gears.
Still, there may be some justification behind theremisiers’ gripes.
Mr Jimmy Ho, the president of The Society of Remisiers(Singapore), observes that remisiers do not begrudge the broking houses formanaging their credit exposures and risks by resorting to trading curbs.
But what irks many traders is the arbitrary manner in whichthe restrictions are being imposed, as brokerages are given a free hand to slapon the curbs whenever they see fit.
Experience has shown that when a large retail-basedbrokerage imposes such a curb in the middle of trading, it can create panic astraders try to unwind their positions ahead of the squeeze which takes place ascontra trading is disallowed and cash payment is required for purchases. Thiscauses the affected stocks to plunge as the speculative fervour is stamped out.
One good example would be Rowsley, which suddenly plungedby 17.5 per cent in a single day in March, following the curbs slapped on it byUOB Kay Hian during trading hours.
Equally disconcerting is the spate of unsubstantiatedallegations that parties with advance knowledge of the trading curbs have beenable to profit from by “short-selling” the affected stocks, then buying themlater at a much lower price after they have plunged.
So what should be done?
Now, some will argue that if there are fundamentalssupporting the run-up in a stock in the first place, it should not have fallensharply when a trading curb is imposed on it.
But then a market is driven as much by sentiment as bycool logic, and the price of a stock is likely to be affected equally by itsbusiness fundamentals, as well as actions taken by a brokerage which mayinfluence the way the investing public views the stock.
As such, there is merit in the argument that tradingcurbs should be treated as “material information”. When trading curbs firstmade their appearance 15 years ago, there were about 30 broking firms servingretail clients like those who invest in penny counters.
But over the years, this number has dwindled to just nineas the financial landscape changed and brokerages consolidated to fightcompetition.
This means that any action taken by one of the biggerbroking houses now to curb trading on a stock will inevitably reverberatethroughout the market and sometimes cause mayhem, as traders scramble for theexit, in case some of the other remaining houses follow suit.
Now, when companies make important announcements, allattempts are made to ensure they disseminate the information as widely as possibleto ensure that investors have a fair chance of making an informed decision onwhat to do with their shares.
But there are no clear directions from the regulators onhow trading curbs should be handled, even though calls were first made as longas 15 years ago for such precautionary measures to be regulated.
It is time for the Singapore Exchange (SGX) and itsregulator, the Monetary Authority of Singapore, to examine the steps needed tolevel the playing field on trading curbs.
For a start, let’s at least consider making it mandatoryfor broking houses to announce on the SGXNet any trading curbs they plan tomake, to ensure the widest dissemination of the information possible.
Announcements should include the names of the stocksinvolved and details of the measures to be imposed.
Such a move will hopefully make the trading curb processmore transparent to all concerned.
Wunderkind
09-10-13, 20:24
Speculators are on the prowl. They normally target penny stocks as these stocks do not have big institutional investors to stop the boom and crash that they are planning to create.
Be careful if you are investing in penny stocks .
bottomline big fish eat small fish...so please stay out of the way unless u are a......piranha:D:D:D
http://www.topnews.in/usa/files/black-piranha-fish.jpg
Maybe I am a fool .....time will tell :beats-me-man:
Fools rush in where angels fear to tread
Buy when there is most fear, some smart alec say.........:cool:
Wunderkind
10-10-13, 08:27
Penny stocks are not for novice retail investors because they get second hand information on the companies and stocks . The consequence is that they will be slow to react to sudden shifts in the stock performance.
Speculators are quick to take advantage of the general sentiment driven retail investors to pounce at unexpected moments, leaving investors at a loss. Don't feed the sharks.
Buy when there is most fear, some smart alec say.........:cool:
Buying when others are selling ~ W Buffett
but many did not realised that Buffett is buying for LONG TERM
if on short term it is just a contrarians investing :ashamed1:
Buying when others are selling ~ W Buffett
but many did not realised that Buffett is buying for LONG TERM
if on short term it is just a contrarians investing :ashamed1:
buying shares is a long term investment,
if u buy and sell within a week,
that's call punting/speculating /gambling.:cool:
buying shares is a long term investment,
if u buy and sell within a week,
that's call punting/speculating /gambling.:cool:
Then where is the everyday expenses going to come from ?
It apply to those holding on to a full time job.....do not speculate, punt and gamble
I don't have long term investment in stock, at most 1 ~ 2 years ...only properties
Then where is the everyday expenses going to come from ?
It apply to those holding on to a full time job.....do not speculate, punt and gamble
I don't have long term investment in stock, at most 1 ~ 2 years ...only properties
whoa, nice........:cool:
US-based bank triggeredsell-down
The Edge Financial Daily
Written by theedgemalaysia.com (http://theedgemalaysia.com/)
Wednesday, 16 October 2013
KUALA LUMPUR: The sell-down of three stocks two weeks ago on the SingaporeExchange (SGX) was mainly triggered by a leading US-based investment bankfollowed by a Singapore broker, said industry executives.
An industry executive said the investment bank was particularly a major sellerof LionGold Corp Ltd and Blumont Group Ltd.
The short selling of the stocks was followed by a leading Singapore broker.
“The selling by the two started the fall of the two stocks. Eventually Asiasons[Capital Ltd] also felt the effect because it was the single largestshareholder of LionGold,” said a broker.
But to be fair, the US-based investment bank, being a LionGold shareholder,disposed of its equity interest in the company, followed by short selling thestock, because it felt the valuations of the stock were high.
It is learnt that the US-based investment bank took up a position in LionGold
during a roadshow late last year.
“Since shorting of shares is allowed in Singapore, the US-based investment bankprobably decided to sell because of the steep rise in the price of Blumont andLionGold.
“The short selling by the Singapore broker exacerbated the situation and causedthe collapse of the share price,” said a broker.
It was speculated Malaysian brokers were hit by the sell-down to the extentthat executives of a top brokerage had to go to Singapore to check on thebooks.
However, an investment banker familiar with the operations of Malaysianbrokerages with presence in Singapore, said the broking firms were notaffected.
“For instance, brokerages such as Maybank and RHB stopped extending credit toclients wanting exposure to the stocks affected a few months ago. It was waybefore the sell-down occurred,” said the investment banker.
Malaysian banks were not the only ones imposing trading curbs on some Singapore small-cap stocks.
On Oct 3 — a day before the sell-down — UOB-Kay Hian, which has a large retailpresence in Singapore, imposed Internet trading curbs on a string of small-capstocks, including Asiasons, Blumont and LionGold.
Among Malaysian brokerages, CIMB Group Holdings Bhd, Malayan Banking Bhd andRHB banking group have large presence in Singapore through mergers andacquisitions in recent years.
CIMB has a large presence in Singapore since 2005 through the acquisition of GKGoh Securities while Maybank’s presence is underlined by its purchase of KimEng Securities in January 2011.
RHB banking group extended its presence in the republic when it acquired OSKInvestment Bank Bhd that owns DMG & Partners Securities. AmBank Group alsohas a presence in Singapore via its associate stake in Frasers Security PteLtd.
There was speculation Malaysian brokerages were affected because the threecompanies that saw a massive sell-down on Oct 4 — Asiasons, LionGold andBlumont — were substantially controlled by Malaysians or companies linked toMalaysians.
On that day, Asiasons fell 63% to close at S$1.04 (RM2.66) while LionGold andBlumont shed 56% and 42% respectively to close at 87.5 Singapore cents and 88Singapore cents before the three counters were suspended by the SGX. It liftedthe suspension but designated the three stocks before trading was resumed onOct 7.
From reading the report as best of my understanding
Selling off first followed by shorting
REal Evil
Bulmont was 0.015 in 2011. In 2013, it goes up to >2.50.
So if U will to invest 10k in 2011. It became $1 million b4 it get suspended in 2013.
Fool me ONCE , shame on YOU.
Fool me TWICE, shame on ME.
Fool me the 3RD TIME, so STUPID I am.
Fool me the FOURTH TIME, I need to be CONDEMN.
Fool me the FIFTTH, SIX TIME ... I am really hopeless.
LISTENING TO HEARSAY/HERDINVESTING/GREED
DO NOT fall prey to herd instinct. Avoid making big financial decisions based on hearsay. When U make any investment, if your mind is focus on high return as 1st priority . Then U will be easily blind by the risk you are in. Majorities Retail investors see high return 1st priority when they buy share. They ignore the high risk. They like to play speculative penny stocks due to it low cost & high liquidity with High profit.Long term, they will suffer through big losses due to their weak emotional trading behavior. Too painful to cut loss. Hesitate to cut loss at the initial stage. Hesitation can be very costly.
rdgs,
Vic
In actual fact, there is no danger in investing stock. It is our human being uncontrollable action like GREED, HOPE , IMPATIENCE, HEARSAY,HERD INSTINCT, listen to analysis/banker/guru recommendation etc that make it very danger to investing in stock.
A high IQ investor will not necessary be successful in stock investing. U need a very high EQ combine with sufficient IQ to be successful in stock investing.
The more you trade (blue chip) in/out, the less likely you will win in long run. The more you trade speculative Penny stock, the more likely U will bring financial disaster to yourself or your families member.
There is too much uncertainty in this market. The best is patiently wait for your BEST FRIEND , FEAR to knock at your door. "FEAR" is your true friend you can trust. Never trust the FED , your banker from CS/SC , Goldman Sach ,UBS , Citibank etc. The banks need to make money 1st in order to survive before they will make money for you. You are on your own if U decide to join priority or private banking. Don't depend on them. You only DEPEND on your own FEAR feeling. No fear no action. Extreme fear comes, better have the bullets ready.
rdgs,
Vic
In actual fact, there is no danger in investing stock. It is our human being uncontrollable action like GREED, HOPE , IMPATIENCE, HEARSAY,HERD INSTINCT, listen to analysis/banker/guru recommendation etc that make it very danger to investing in stock.
A high IQ investor will not necessary be successful in stock investing. U need a very high EQ combine with sufficient IQ to be successful in stock investing.
The more you trade (blue chip) in/out, the less likely you will win in long run. The more you trade speculative Penny stock, the more likely U will bring financial disaster to yourself or your families member.
There is too much uncertainty in this market. The best is patiently wait for your BEST FRIEND , FEAR to knock at your door. "FEAR" is your true friend you can trust. Never trust the FED , your banker from CS/SC , Goldman Sach ,UBS , Citibank etc. The banks need to make money 1st in order to survive before they will make money for you. You are on your own if U decide to join priority or private banking. Don't depend on them. You only DEPEND on your own FEAR feeling. No fear no action. Extreme fear comes, better have the bullets ready.
rdgs,
Vic
like:cheers1::cheers1::cheers1:
The 3 Designated counters will be lifted on
Monday
SGX should protect retailers and small
Shareholders by limiting short selling only
On the uptick
Jmho
The 3 Designated counters will be lifted on
Monday
SGX should protect retailers and small
Shareholders by limiting short selling only
On the uptick
Jmho
If there hadn't been short selling, blumont would have gone up to $100. :D
If there hadn't been short selling, blumont would have gone up to $100. :D
Sifu
No short selling allowed la these 2weeks
as it is under "Designated"
Most of the selling were Forced Selling
and also from major shareholders reducing
their stakes in the companies
Yes you are correct
Started on Monday
very troublesome...TT monies over
took a photo using smartphone on the bank statement
and whatsapp over to broker
as Proof before they allow to buy on your behalf
Shares must be in your CDP account before you can sell
So its usually T4
bought some...Vested
Thank you for ride :cool:
Thank you for ride :cool:
HUAT AHHHHHHHHHH:cool:
HUAT AHHHHHHHHHH:cool:
Tai kei Huat ahhhh :cool:
Tai kei Huat ahhhh :cool:
U're among the few that can profit from the stock mkt :cool:
U're among the few that can profit from the stock mkt :cool:
Even fewer who can make a living out of it
BOTTOMLINE...the best thing i ever invested property the worst thing...SHARES:doh:...but others may have different experience:cool:
Yes you are correct
Started on Monday
very troublesome...TT monies over
took a photo using smartphone on the bank statement
and whatsapp over to broker
as Proof before they allow to buy on your behalf
Shares must be in your CDP account before you can sell
So its usually T4
bought some...Vested
Thank you for ride :cool:
This was worth doing. Kopi money for the week.
Thank you sifu. :cheers1:
Check out vjet price after listing
BOTTOMLINE...the best thing i ever invested property the worst thing...SHARES:doh:...but others may have different experience:cool:
Hi, in shares it is different from property investment
1st is trading ( short term ranging from 1 week to a few weeks)
Playing on the sentiment, timing and psychology of the market
The most important part of trading is the ability to cut loss
If it is a wrong trade...cut
Never HOPE that price will come back up ... mistake of many people are
paying up a trading position (refuse to take a loss) to become a LONG TERM Investor :banghead:
Winnings from trading can never make you rich...its for daily expenses
Real Money come from Long Term Investment, the ability to ride, usually 1 to 2 to 3 years
This will need experience and foresight. Can learn from Bro chestnut :D
This was worth doing. Kopi money for the week.
Thank you sifu. :cheers1:
after selling them on Monday
the trick now is "WHEN" to go in again for another trade :D
and what have you observed these past 3 days of trading actions
Are there signs that these few counters can go for a Multi Bagger ? :ashamed1:
(do not need to trade everyday...some day just sit around relax and observe)
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