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Didn't manage to escape today, was busy at work. When got time to check the price it was too late.
I guess profit taking and shorting are the two main reasons of the fall today. Profit takers pocket the money first while those shorting bet for the drop. During the current volatile market, money in the pockets first apparently is the confirmed win. Looking at the US and Europe markets, guess tomorrow will be another bad day.
Good luck all. Wish all of you HUAT from whatever counters you choose =)
usually i advise ppl not to catch a falling knife,
however for this counter we r not betting among ourselves, our bet is on the bidder's price, therefore, if one is confident that the price u enter is better then the bidder price then go for it. whether it drops further doesnt matter in this situation.
however, if it turns out tat the bidder's price is 1.65 then i believe many will lost $$$
or if the bidder just buy outside the mkt (private transaction) then it is equally disastrous to us.
so let hope tat it is total acquisition n offer of $2..............huat lor
Don't chase....you will lose badly......
don't 4get tomorrow is profit taking. today fall maybe due to early profit taking..
not to worry.. this shares have very bring future
lol..think gone case sia..yest can hold..today let go ..free fall.....
Hope so lor......... but dun think will hit 1.7 again
Getting more and more interesting...
woowoo ( Date: 17-May-2012 15:43) Posted:
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will rebound.... keep viligant.
rebound no worry
wah1079 ( Date: 17-May-2012 15:30) Posted:
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chamzzzzzzzzzzzzzzzzzzzzzzzzzz
it is the same as SPC many years back, i.e. Sg petroleum corp.
when insiders heard the target price, they flush down the shares price alot n panics ppl just dump n dump till Trading halt. then resume trading, the price chiong in 10sec or so, i was there watching everying...very dramatic.
when money r concern the world turns brutal n in fact shorties/BB r brutal, they can cast doubts, scare u.
this time is it the same as SPC, i dont know.
gone case
some may hv cut loss,
many dont dare to enter more,
when the price rises again, so say better sell this time,
some see the price keep going up, say shit lar, then enter at a even higher price,
some just stare big eye nv action at all......only saying heng ar din enter, n shit lar din enter......lol
Still viligant, no panic sell..
buy for rebound
tks all advice!
so u guys manage to sell it off high already? good for you!
Good Call!
rutheone1905 ( Date: 17-May-2012 10:57) Posted:
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coming down fast... cut loss if not lose more...
Careful with this counter bro. if you are not holding it for long :)
Sgshares ( Date: 17-May-2012 14:47) Posted:
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Should sell around there cos current rally is all speculation. Now, if goes below $1.60...may go back to $1.4+ again if nothing much comes from the bidder
wah1079 ( Date: 17-May-2012 14:41) Posted:
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