need advise n help... i just done a nake short on YongNam - Page 5 - Singapore Stocks - Learn & Discuss Good Stocks Tips & Analysis!

blitzksg · #41 (**permalink**) 03-03-2007, 01:00 AM

oops issit? from ur chart it looks like it's 0.240. sorry my mistake

ya, sometimes support/resist can be a range. Best if there's a clear price, but sometimes the counter is rangebound for some time, which creates support/resist in a range instead.

cool79 · #42 (**permalink**) 03-03-2007, 01:04 AM

oh
heehee
thanks for making the pic clearer now

cool79 · #43 (**permalink**) 03-03-2007, 01:06 AM

does my plan looks dangerous if i onli make a move on tue (whole day will be monitoring )or wed morning?

or just lock my losses...

if now is a bullish market... i comfirm will lock my losses this morning at 0.275 or 0.28

but market is weak... don know will go up or down....

blitzksg · #44 (**permalink**) 03-03-2007, 01:10 AM

np, glad to be of help

cool79 · #45 (**permalink**) 03-03-2007, 01:28 AM

how do u think of my plan?

blitzksg · #46 (**permalink**) 03-03-2007, 01:31 AM

hmm i really cannot advise u without knowing ur options. are u sure u can buy in without suffering from double orders?

cool79 · #47 (**permalink**) 03-03-2007, 01:37 AM

sgx will be doin a buy in for me on 11:15am on wed... so dat is fix... i cant do anything abt it liao...

either sit n wait for death.... n let sgx buy in... or let sgx buy in n i also buy in to cover losses if yongnam goes up on wed... if never go up... think i need to borrow money from my friend to tahan this period n pay them installment liao... or may borrow from my family members... i will be short of onli 4k if i buy all 40 lots n hold...

cool79 · #48 (**permalink**) 03-03-2007, 01:38 AM

i will get a double buy in if i buy... if i buy is just to hedge the situation

blitzksg · #49 (**permalink**) 03-03-2007, 01:50 AM

Quote:

Originally Posted by cool79

i will get a double buy in if i buy... if i buy is just to hedge the situation

hmmm.......ok. Just as long as u're clear on ur plan, then good enough. Nobody can say what direction the market or Yongnam would go, so just make sure ur plan takes into account the various possibilities that may occur :character00259:

cool79 · #50 (**permalink**) 03-03-2007, 06:24 PM

i have done a detail chart of yongnam
pls comment

currently lookin at the chart, yongnam is in the downtrend as i had drawn a line at the highest point... if it still contince the down trend, the next highest price on monday and tue n wed will be as follows: 0.29,0.285,0.275

lookin at the stochastic, it looks like it might go to an uptrend stage. but from the view of overall market, since DOW has drop till -120.24, it may cause it to remain in down trend.

pls say ur view and comment
thanks in advance.