Wednesday 8 August 2012

Can u see that there are some big lots buying at $1.21? Ya... a very long stick about 97,000 shares bought (around 4.30 pm) at $1.21. BTW the column chart at the bottom is the volume chart....it is very important that a rise in price be supported by large volume. What is large? Large enough to stand out of the chart is large lor. This is how i track the movement of the BB...Big Buyers, invisible hands, stock manipulators, stock operaters, stockist, etc...whatever you call them, they are the ones who move the markets. Hence, it is of great advantage if you could track them......But i have to warn you that they are very tricky and cunning and they change the game-plan quickly. I could only guess what are they trying to do....No guarantee.

i think very soon, it may charge up....rise in price.

Note that investing in stocks, there's no such thing as sure or 100% right....hence, i am always prepared to be wrong....if i am i will cut a small loss and exit....beat a hasty retreat.

Remember to ask yourself 2 questions before putting your money down:

1. Is the upside double of the downside?

Is the rewards worth the risk?? Would you risk losing $1000 to potentially earn $500?

2. If i am wrong, will I be ok?

Can you afford the loss if you are wrong? If not, you are risking too much. Never use up all your capital. Always leave at least 30% of your investment funds for emergency.
This is an "intra day" chart from Philp POEMS, Advanced Chart.

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