The hardest thing about speculation is selling when you say you would.
Eg, if you say if Stock A hits $10 i sell, when it hits $10, SELL.
DO NOT care if it hits 11 or 12 or 20 the next day ( FULLSTOP)
u guys better be cautious, tomm week is profit taking for CNY... unless u are buying in to get dividends like SPC, Sembcorp, ST Engg...
morever, Dow and Nasdaq dipped quite alot after hawkish comments from US Fed on inflation.. guess hang seng will follow trend, china stocks will follow hang seng too.. and crude oil seems to be heading to 60 dollars region again which signals the return of oil play.
Last edited by raincool2005; 11th February 2007 at 12:23 PM.
Waiting for the US correction. Too many negatives still, despite the general agreement of a "soft-landing" scenario. Large budget/trade deficit, softening housing market, inflation, Iran & Iraq, over-heating China & India markets, etc...
My 2 cents. Do what you will, it's a free country...
Dunno when and how much of a correction the coming one will be. If I could tell, I wouldn't need a day job. What I know is it's way over-due....
Are you a TA investor or long-term investor?
Some investor set a stoppage at 20% limit.
Say if your stock is $1 and it drops to 80cents..you sell to cut losses.
For selling, you capped at 20% at last price done.
If your stock is $1 and rise to $1.20 you hold. and if it keeps rising to $1.40 you continue to hold and so on.
once it falls back to 20%, eg $1.20 you sell.
So you keep your maximum profit % at your last price done and you don't sell too early.
Good example is Genting shares...from 30cents raise all the way to $1/-.
Of coz....such tactic works for others but might not work for long-term investments.
Find an investment tactic you comfortable with.
a good example is ST Engineering, during Israeli-Lebanon war in 2006.. it drops from 3 plus to 2.60.. wat an opportunity during tat conflict.. now is 3.34
Last edited by raincool2005; 11th February 2007 at 10:53 PM.
used to follow this method .. cut loss at 20%
but somehow i should hv follow what i thought is the best in the first place ..
i would have gain 200% profit.
Right now I only hold 2 stocks .. making also few hundred % profit
I just hold till eternity
looking forward to some high dividend stock during my next purchase.
btw any guru in unit trust ?
was thinking to invest my CPF and some cash into tat as well ..
Singapore Govt Bonds. If you believe in PayAndPay or garment, then SG can never go bankrupt. For example I bought the SGS bond expiring in 2020, about 14 plus years, coupon about 3.25% at 100. If the interest rates goes up, the bond price goes down. BUT I can keep holding it and earning myself 3.25% each year and eventually get back my full some invested. If the interest rate drops, then the price of my bond price goes up, and at the same time, earning myself 3.25% on my 100 each year. Of course, if you need money quickly, the value of the bond will depend on the interest rates then.
BEWARE BEWARE I m only sharing what I did, and are not telling you to do anything like that.
CS says, "We can't help you ignore yourself."