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Oh, basically I was brand new to stocks and was looking for something i could get greedy with...saw digiland at .002 back then and thought WOW, get in! Just needs to go up one tiny smidge to gimme a good 50% return! So i bought it with no knowledge besides " IT IS SO CHEAP!"
Then time went by and it went down to .001, so thought, ROCK BOTTOM, only way to go is up, RIGHT!? Wrong...but still i bought again, enough that if it goes back up to selling at .002, i can make something and get out...
Needless to say, i'm still stuck in it hoping to get out without damage...
resurrected ( Date: 07-Nov-2013 15:00) Posted:
I mean I didn't follow.
resurrected ( Date: 07-Nov-2013 14:59) Posted:
| What did digiland taught u...care to elaborate? Did follow previously. |
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....this one still honeymooning....is it?
I mean I didn't follow.
resurrected ( Date: 07-Nov-2013 14:59) Posted:
What did digiland taught u...care to elaborate? Did follow previously.
aj2invest ( Date: 07-Nov-2013 14:54) Posted:
Not sure if i'm reading it wrong, but...it's trading at .2 cents isn't it? .002 currently i.e. .2 cents or am I wrong?
So tempting to buy a big bang of micro-pennies such as this, but Digiland taught me an expensive lesson haha Please assure me this isn t gonna suffer the same fate?? |
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What did digiland taught u...care to elaborate? Did follow previously.
aj2invest ( Date: 07-Nov-2013 14:54) Posted:
Not sure if i'm reading it wrong, but...it's trading at .2 cents isn't it? .002 currently i.e. .2 cents or am I wrong?
So tempting to buy a big bang of micro-pennies such as this, but Digiland taught me an expensive lesson haha Please assure me this isn t gonna suffer the same fate??
blurtrader ( Date: 06-Nov-2013 15:37) Posted:
if i didnt read wrong, NAV for group is 0.05cent which is not even a cent.
currently, it is trading at 2 cents, approximately 4 times of its NAV
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Not sure if i'm reading it wrong, but...it's trading at .2 cents isn't it? .002 currently i.e. .2 cents or am I wrong?
So tempting to buy a big bang of micro-pennies such as this, but Digiland taught me an expensive lesson haha Please assure me this isn t gonna suffer the same fate??
blurtrader ( Date: 06-Nov-2013 15:37) Posted:
if i didnt read wrong, NAV for group is 0.05cent which is not even a cent.
currently, it is trading at 2 cents, approximately 4 times of its NAV
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So much movement, so many trades, why isn't the counter budging?
I do hope the future ever bright!!! I've got in another 2 mil sh totalling 3 mil sh.
Something still not too comforting is the gross profit of 13.03 mil incl a writeback of 14 mil.
new6ie ( Date: 06-Nov-2013 15:33) Posted:
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if i didnt read wrong, NAV for group is 0.05cent which is not even a cent.
currently, it is trading at 2 cents, approximately 4 times of its NAV
SUNMOON 3rd Qtr results was out yesterday evening.
http://infopub.sgx.com/FileOpen/SMF3Q13Announcement.ashx?App=Announcement& FileID=262782NAV per shareGrp: 5 pips
Company: 4 pips
Earnings per shareGrp: 4.1 pips
Coy: 3.8 pips
GOOD CHANCE!!!!
px moved dn to 0.2cts.....so low still BB wants it to go lower.
Thanks man, saved myself some long term agony there.
MichaelSchenker ( Date: 04-Nov-2013 15:09) Posted:
It's the opposite. Note opening, high, low is 0.002. That means in order to be a " done" deal, somebody must SELL to the bidder at 0.002.
Notice there isn't any 0.003 done. This is not good for this counter, at least for the short term. Once the 0.002 bidders are cleared, the 0.001 will appear and don't be surprised to see 0.001 deal done.
aj2invest ( Date: 04-Nov-2013 15:01) Posted:
| Pardon my ignorance, but it looks like there's a lot of buying up going on today? Anything in the works? |
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It will take another 3 years at least for SUNMOON to reveal whether it is going to play or not to play in the stock market.
If not playing, it will be a pity for the boss to be burdened and carry all the shares without having a " market" value since it is not worth more than 2 pips.
penny stocks are pretty much game over lah. Its good to know when to call it quits.
Look at second liners for yr end rally
Don't buy this counter, lah.
Too much shares, very hard to move up.
BBs fooling and flaunting around.
MichaelSchenker ( Date: 04-Nov-2013 15:09) Posted:
It's the opposite. Note opening, high, low is 0.002. That means in order to be a " done" deal, somebody must SELL to the bidder at 0.002.
Notice there isn't any 0.003 done. This is not good for this counter, at least for the short term. Once the 0.002 bidders are cleared, the 0.001 will appear and don't be surprised to see 0.001 deal done.
aj2invest ( Date: 04-Nov-2013 15:01) Posted:
| Pardon my ignorance, but it looks like there's a lot of buying up going on today? Anything in the works? |
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It's the opposite. Note opening, high, low is 0.002. That means in order to be a " done" deal, somebody must SELL to the bidder at 0.002.
Notice there isn't any 0.003 done. This is not good for this counter, at least for the short term. Once the 0.002 bidders are cleared, the 0.001 will appear and don't be surprised to see 0.001 deal done.
aj2invest ( Date: 04-Nov-2013 15:01) Posted:
| Pardon my ignorance, but it looks like there's a lot of buying up going on today? Anything in the works? |
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Pardon my ignorance, but it looks like there's a lot of buying up going on today? Anything in the works?
Thx bro...got it.
new6ie ( Date: 01-Nov-2013 12:29) Posted:
No, no. Provided the shares of new consolidated shares moves up, your investment value in the company will remain roughly the same.
Consolidation is reverse split It reduces the number of issued shares of a company. We are talking about 10:1, so your Sunmoon will be 30 pips if it was 3 pip, but your 1000 lots will become 100 lots.
So if the investment currently is $3000 (3 pips), the new 100 consolidated lots will also be $3000 because the pips become higher but the lots become lower. It is just what people may crudely say 'tis L.P.P.L. (" Low Point, Point Low" means the same thing).Hahaha....
If the consolidation is 100:1, then the scenario will be your 1000 lots become 10 lots but the new price could be 20 to 30 cents (based on 2 to 3 pips) Thus it might be good and it might be bad. But generally I think consolidation for a profit making company is good but for a loss trading company it is bad, because the trading spread and movements will be wider, and therefore if price goes up you can make more. Eg. if trading Buy/sell 19/20 cents: is bad, but trading at buy/sell 31/32 cents is: good.
If SUNMOON is ready to declare more and more profits, then can consolidate. If no consolidation there is a problem for players. Buy 3 pips, sell 2 pips with say 1000 lots will lose $1000. Buying lesser lots also problematic as the commission is relatively high for lesser number of lots.
Sunmoon quick cheong, don't wait 100 years. We don't live that long and your directors also won't live that long.... Hahahaha.
wendel ( Date: 01-Nov-2013 09:31) Posted:
| Thx bro...last q rgrds to consolidation.....my 1000 lots is still 1000 lots but the worth has increased to 20/30 pips |
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No, no. Provided the shares of new consolidated shares moves up, your investment value in the company will remain roughly the same.
Consolidation is reverse split It reduces the number of issued shares of a company. We are talking about 10:1, so your Sunmoon will be 30 pips if it was 3 pip, but your 1000 lots will become 100 lots.
So if the investment currently is $3000 (3 pips), the new 100 consolidated lots will also be $3000 because the pips become higher but the lots become lower. It is just what people may crudely say 'tis L.P.P.L. (" Low Point, Point Low" means the same thing).Hahaha....
If the consolidation is 100:1, then the scenario will be your 1000 lots become 10 lots but the new price could be 20 to 30 cents (based on 2 to 3 pips) Thus it might be good and it might be bad. But generally I think consolidation for a profit making company is good but for a loss trading company it is bad, because the trading spread and movements will be wider, and therefore if price goes up you can make more. Eg. if trading Buy/sell 19/20 cents: is bad, but trading at buy/sell 31/32 cents is: good.
If SUNMOON is ready to declare more and more profits, then can consolidate. If no consolidation there is a problem for players. Buy 3 pips, sell 2 pips with say 1000 lots will lose $1000. Buying lesser lots also problematic as the commission is relatively high for lesser number of lots.
Sunmoon quick cheong, don't wait 100 years. We don't live that long and your directors also won't live that long.... Hahahaha.
wendel ( Date: 01-Nov-2013 09:31) Posted:
Thx bro...last q rgrds to consolidation.....my 1000 lots is still 1000 lots but the worth has increased to 20/30 pips?
new6ie ( Date: 31-Oct-2013 15:20) Posted:
Most directors have their shares leverage in one way or another. Usually they use bank money on their personal accounts, unless all they have is solid cash notes hidden below sleeping pillows, hahaha, then they don't need to use bank money for overdrafts, property mortgages, mistress' costly gift items, flashy cars and so forth and so forth. In net worth most of them are millionaires but since they could likely use leverage to make more money, there is a danger if share prices plunges and their assets dwindled down from 100 million dollars to 20 million dollars, and they owed 10 million dollars. The bank also kiasu will call them to top up the difference between current value and previous value in which the bank granted the advances. So it is commonly known as margin call.
Funds have money but they are managed in such a ways to prevent too much risks. Because sunmoon sellers continue to load the sell side, whenever the funds (if there are doing it) buy and buy they will at some point exhaust the limit to buy. So cannot finish buying. Hahaha.
Consolidate means to bundle a few shares to become one share, and use the post consolidated share as the new share to trade with a new price (usually the sum of the previous price X the number used to consolidate the shares. Eg if the consolidation is 10 to 1, then 10 lots will become 1 lot of share.
If for example sunmoon consolidate this way, the old 10 lots of sunmoon will become 1 lot of new sunmoon. Thus the price traded for the new sunmoon will be 20 to 30 pips from the current 2 pips to 3 pips.
Understand?
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Mid of Nov...it's Q3 result shld b out.
Thx bro...last q rgrds to consolidation.....my 1000 lots is still 1000 lots but the worth has increased to 20/30 pips?
new6ie ( Date: 31-Oct-2013 15:20) Posted:
Most directors have their shares leverage in one way or another. Usually they use bank money on their personal accounts, unless all they have is solid cash notes hidden below sleeping pillows, hahaha, then they don't need to use bank money for overdrafts, property mortgages, mistress' costly gift items, flashy cars and so forth and so forth. In net worth most of them are millionaires but since they could likely use leverage to make more money, there is a danger if share prices plunges and their assets dwindled down from 100 million dollars to 20 million dollars, and they owed 10 million dollars. The bank also kiasu will call them to top up the difference between current value and previous value in which the bank granted the advances. So it is commonly known as margin call.
Funds have money but they are managed in such a ways to prevent too much risks. Because sunmoon sellers continue to load the sell side, whenever the funds (if there are doing it) buy and buy they will at some point exhaust the limit to buy. So cannot finish buying. Hahaha.
Consolidate means to bundle a few shares to become one share, and use the post consolidated share as the new share to trade with a new price (usually the sum of the previous price X the number used to consolidate the shares. Eg if the consolidation is 10 to 1, then 10 lots will become 1 lot of share.
If for example sunmoon consolidate this way, the old 10 lots of sunmoon will become 1 lot of new sunmoon. Thus the price traded for the new sunmoon will be 20 to 30 pips from the current 2 pips to 3 pips.
Understand?
wendel ( Date: 31-Oct-2013 13:52) Posted:
What's a margin call?
Fund mgr cannot finish buying....reason? Don't quite understand if u hv $$$...can't finish buying?
What it means to consolidate?
Paiseh...knowledge gathering... |
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