| Latest Forum Topics / Medtecs Intl Last:0.122 -- |
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Medtecs
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Ryuuenji
Elite |
14-May-2020 12:10
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Little Huat Everyone!!! | ||||
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Investor8
Master |
14-May-2020 12:04
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No. That case was an investor who put his money with an investment fund ran by Bernie Madoff, ex-Chairman of Nasdaq.  Turned out it was a massive Ponzi scheme that collapsed.  This scheme only affected the rich because Bernie Madoff only targetted the rich.  Not anyone could invest in his funds which was purportedly generating very high market-beating returns every year.  You could not put money in his fund even if you wanted to unless you were referred by an existing client.  The amount lost by his investors was at least USD18 billion.
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lailai
Elite |
14-May-2020 12:03
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Yeah, such a big gap. Current price in Taiwan is TWD4.95, convert to S$0.235 At 18.5, gap of 5c would give a diff of > 25% profit, if possible to bring to Taiwan to sell. ![]()
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wolverine23
Supreme |
14-May-2020 11:54
Yells: "Medical Bull 2020 !!!!!!!! = Internet Bull 2000 !!!!!!!!" |
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was this the case where the German billionaire lost everything overnight and committed suicide on the rail track?
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Investor8
Master |
14-May-2020 11:45
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Yes, there are many counters, especially the heavily traded ones, that are being " controlled" (or " manipulated" if your prefer this word) by BBs or syndicates. If you trade these counters (especially those with iffy financials or prospects), you have to be very very disciplined and nimble in your trades. One wrong decision and you will end up holding the hot potato.  However, it is a different situation when you have a solid company with very sound financials and fantastic profitability and prospects.  BBs can play the stock and short the price down to a certain level.  But, this will attract genuine investors (including other BBs) who will buy the share for keeps.  The free float then becomes smaller and smaller and the open shorts will then be very much exposed.  As such, those BBs looking to short the share also has to be very careful.  The BBs also come from different syndicates and they could be on opposite sides. Read the link I have provided below on the story of how shortsellers of VW shares were caught with their pants down.  https://www.reuters.com/article/us-volkswagen/short-sellers-make-vw-the-worlds-priciest-firm-idUSTRE49R3I920081028
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glann92
Senior |
14-May-2020 11:25
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yeah. got trapped everytime. that why i feel we can collect it cheaper this time round, for the next burst
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wolverine23
Supreme |
14-May-2020 11:19
Yells: "Medical Bull 2020 !!!!!!!! = Internet Bull 2000 !!!!!!!!" |
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opps. that is shitty. :( but these are the freak accidents of trading :(
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Wong80
Veteran |
14-May-2020 11:17
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i fell into this trap too when medtecs fly in march too.  I learn my lesson in medtecs too.  Penny stock easily control by BB
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glann92
Senior |
14-May-2020 11:11
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I didnt, because of my inexperience, first time seeing up so high, I didnt sell, thinking it will recover, and drop day after day, till the lowest point i sold, and it went up to this price now. 
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Investor8
Master |
14-May-2020 11:10
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TDR - Taiwan Depository Receipt.  This is a derivative instrument of the underlying share that is listed in Singapore.  Usually, there should not be such a big price gap as arbitragers will take advantage of the price gap and market forces will ultimately close the big price gap leaving a small price difference.  I am not sure why this gap is so big.  But I suspect that it is because it is administratively difficult (either in terms of time or costs or both) or not possible to convert your shares to the TDR and sell there to take advantage of the price differential.
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Wong80
Veteran |
14-May-2020 11:09
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Bio ran up to the highest point i thought my set sell queue triggered sold most and i didn' t care after that started to go down abit fast.  too bad it only sold few thousand share nia... aiyo.  But overall heng still see nice profit but mistake on overlook thought i sold on highest point before drop back.
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gregtan123
Supreme |
14-May-2020 11:00
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bro you mean you bought yesterday? Or bought today? if today, matching opening should be 0.183? Hope u got in lower so u can make more or lose less,
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Investor8
Master |
14-May-2020 10:58
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Sorry to hear that.  But you are human too.  Lol
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Investor8
Master |
14-May-2020 10:55
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Timing sell point tougher.  This I agree.  Because you would have crystallised your position. Go look at analyst reports.  See how many " SELL" recommendations they put out vs " BUY" or " HOLD" . I previously worked in a broking house (not as a broker/trader though) and the compiled analyst reports (not the individual adhoc ones) have hardly any " SELL" recommendations.  And I think it is common across all analysts' reports from different broking houses. Psychologically, it is very hard to advise investor to " SELL" unless it is very clear-cut.  Reason is because you are recommending investor to crystallise their positions.  What if it is a wrong call?  But, if they recommend " BUY" or " HOLD" , still got chance to make money later on so long as position is not sold.  My two cents worth.
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Shareskiat89
Elite |
14-May-2020 10:54
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I got some at 0.185, forget there i put a buy Q there ytd. hopefully i wont get to see 17x.
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glann92
Senior |
14-May-2020 10:46
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greed plays a part lo, i had my experience of bio. 80 didnt let go..
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wolverine23
Supreme |
14-May-2020 10:45
Yells: "Medical Bull 2020 !!!!!!!! = Internet Bull 2000 !!!!!!!!" |
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haha... must sell at certain point, the question is when. I think timing your sell point is tougher than buying :)
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Investor8
Master |
14-May-2020 10:44
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Good advice. Except sometimes cannot bring myself to cut loss intra-day (only human mah). Then end up being long-term investor.  If day-trade counter with no fundamentals, then likely got to write-off altogether after that.  At least for this counter, I may nurse a book-loss (although I am lucky to have a healthy profit buffer from my earlier trades) but I am confident that I can make money by August. Human nature is to take profit quickly (easier to do) and hang on to loss positions (harder to cut).  But the reverse holds true for day-trader.
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glann92
Senior |
14-May-2020 10:40
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because he was saying he always buy and sell at the wrong time. if we were intend to reap the full profits, we should never even sell at all.
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wolverine23
Supreme |
14-May-2020 10:38
Yells: "Medical Bull 2020 !!!!!!!! = Internet Bull 2000 !!!!!!!!" |
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unless you are so good and track every single minute and day. and even if you do, you will miss out on huge gap ups, etc.  cannot reap the full profits of a FA solid counter  
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