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Moolah
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Posting #1: Mon Oct 8th, 2007 07:43 |
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Randomly asked...
do you guys ever add more of the same stock to ur stock piggy bank?
how?
any1 care to share?
:s18:
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random
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Posting #2: Mon Oct 8th, 2007 08:04 |
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The way I look at it there's two sides to this coin:
1. You made the right choice. So buying more makes sense
2. When the price goes up, you should be thinking of selling. Buying more might mean paying higher for a stock that might be overvalued.
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Moolah
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Posting #3: Mon Oct 8th, 2007 09:13 |
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When the price goes up, you should be thinking of selling
Care to elaborate?
:s18:
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tanhin
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Posting #4: Mon Oct 8th, 2007 09:15 |
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My opinion:
Your initial reason of buying : correct
circumstances(like new contract, better profits,new ventures etc) make your initial valuation too cheap...buying more or averaging up
When the price goes up.....I will see whether overvalue(this is very subjective pe,eps, industry prospect,compare to peers blah blah blah)or not to decide to sell.
otherwise do nothing, wait till a moomoo cow becoame a huge buffalo!
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random
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Posting #5: Mon Oct 8th, 2007 10:35 |
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Moolah wrote:
When the price goes up, you should be thinking of selling
Care to elaborate?
:s18:
The objective of this game ; make gains (profit)
The way ; buy low sell high
Price up = sell and take profit?
Bear in mind this is one side of the coin. I am curious as you are to know whether averaging up is a good strategy or not.
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stockraider1
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Posting #6: Mon Oct 8th, 2007 10:47 |
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For me u can buy on the way up as well on the way down !
As long as whenever u buy u must evaluate the value of stock based on the underlying business(based on latest info) agst the stock price u pay.
If the risk v reward position is favourable then buy !
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Moolah
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Posting #7: Tue Oct 9th, 2007 03:27 |
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The objective of this game ; make gains (profit)
The way ; buy low sell high
Price up = sell and take profit?
Random,
- Price up = sell and take profit?
See hor.. if you would think about that above statement for a minute.
Yes, on one hand, when the price goes up, naturally the buyer will have ze profit.
However... should one sell whenever one has the profit?
If one adopts such a strategy constantly, how then can one ever have a truly great winner? If one keeps selling for a profit then how can one achieve say buying shares like Dialog at 0.32 sen and selling it only at 1.80?
For me... it goes much deeper than this... and... i am sure u do understand this issue.
:s81:
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random
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Posting #8: Tue Oct 9th, 2007 04:32 |
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Moolah wrote:
The objective of this game ; make gains (profit)
The way ; buy low sell high
Price up = sell and take profit?
Random,
* Price up = sell and take profit?
See hor.. if you would think about that above statement for a minute.
Yes, on one hand, when the price goes up, naturally the buyer will have ze profit.
However... should one sell whenever one has the profit?
If one adopts such a strategy constantly, how then can one ever have a truly great winner? If one keeps selling for a profit then how can one achieve say buying shares like Dialog at 0.32 sen and selling it only at 1.80?
For me... it goes much deeper than this... and... i am sure u do understand this issue.
:s81:
Dear Moo,
I fully understand what you are trying to say. However, please take note of my original post:
The way I look at it there's two sides to this coin:
1. You made the right choice. So buying more makes sense
2. When the price goes up, you should be thinking of selling. Buying more might mean paying higher for a stock that might be overvalued."
I'm giving you two scenarios. I never said I was inclined to any side. I merely wish to see others opinions given there are two choices when the price of a stock goes up. We are discussing about "averaging up" aren't we?
:s39:
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Moolah
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Posting #9: Tue Oct 9th, 2007 04:53 |
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:s49: :s49:
My bad. Utterly terible translation eh?
So... ur issue is this...
The way I look at it there's two sides to this coin:
1. You made the right choice. So buying more makes sense
2. When the price goes up, you should be thinking of selling. Buying more might mean paying higher for a stock that might be overvalued."
Err... :s31:
let me try again... :s25:
1. Buying more depends on the pricing and how you add the stock into ur stock piggy bank.
2. When price goes up... after debating on whether I should add more of the stock, I would usually try to sit on it.
How?
ok ah?
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random
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Posting #10: Tue Oct 9th, 2007 05:06 |
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:s81:
Sell losers, keep winners eh?
So when to sell winner and take profit?
:s25:
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