Yesterday, April 26th, 2013, once the market opened, WE Holdings once again exuded the humongous buying up of shares. However this time round, I learnt to be smarter and was watching very closely like a hawk so as not to average up or do anything silly. At that moment, I was also being fooled, thinking that it would go higher so that I can either cut loss lesser or book some profits.
I was totally wrong the moment I went to check on the price of Aussino. Aussino was on trading halt since April 25th 2013 and the pre halt price was from 0.198 to 0.15. I was totally alert this time round and decided to cut loss without hesitation. I then went to check the Yoma chart and some other Myanmar play counters. Their prices were all jammed and not moving much except Ntegrator which I also decided to unload just to play safe.
http://stockmarketmindgames.blogspot.sg/2013/04/ntegrator-unloaded-500-lots.html
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_6E6F1137C3D19CE848257B59004982AC/$file/Aussino-RTO26Apr13.pdf?openelement
Last night, Aussino released the news for it's trading halt which I believe that it wasn't a good news and had something to do with Myanmar. What will happen on Monday to WE, Ntegrator, Aussino, Yoma, etc..? If I am correct, there will be a flush in these Myanmar play stocks before we see a rebound/rally.
Overall, I paid the price of 3K SGD for this unearthing lesson. It was definitely a well worth lesson and it's something that cannot be taught or found in books. The money was well spent to buy a thrilling experience.
Ronald K - Market Psychologist - The Big Speculator
