tag:blogger.com,1999:blog-3008642600708028986.post8956333579586843474..comments2023-09-07T20:42:08.035+08:00Comments on Market Uncle's Blog: I bought Super Coffeemix on 3rd April 2008market unclehttp://www.blogger.com/profile/16460144334144587714noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3008642600708028986.post-24748492116093858992011-12-12T05:47:20.116+08:002011-12-12T05:47:20.116+08:00I believe their are one to many companies in the c...I believe their are one to many companies in the coffee bussiness. This is sort of a fad.Penny Stock Newsletterhttp://www.manhattancalumet.comnoreply@blogger.comtag:blogger.com,1999:blog-3008642600708028986.post-41297558904758992022008-04-20T09:48:00.000+08:002008-04-20T09:48:00.000+08:00Hi Musicwhiz, I last valued it at 72 cents last y...Hi Musicwhiz,<BR/><BR/> I last valued it at 72 cents last year and it had actually dipped below this since late January this year. But I only happen to notice it in April and got it on the 3rd.<BR/><BR/> During such positive speculative sentiment, I can only count myself luck for getting in "early".<BR/><BR/> Anyway, since I'm already seating on substantial paper profits and the real news are not out yet, I can afford to wait for the concrete news.<BR/><BR/> However, if it the price continue to raise through the roof, I'll liquidate about 50% if that can cover my principal cost of investment.<BR/><BR/> Let me share with you what I learn from earlier "mistake" made in 2006.<BR/><BR/> I bought Golden Agri-Resouces at 41 cents in 2005 because I saw the biofuel potential in palm oil then. When palm oil prices aimed for the moon due to biofuel craze, Golden Agri rose over 88 cents and, thinking its unsustainable at this price, I them off. But it subsequenty rose to nearly a dollar, with 2 share splits, which means current share price is below $4, a ten fold increase from the price I bought.<BR/><BR/> My take from this is that being a retail investor, I will have much less information compared to those in the company, industry "experts" and analyst covering the companies/sector. I can only make conservative estimated valuation of the company, but never the true worth. Hence, going forward, I will not liquidate all but a fraction.<BR/><BR/> As a protection, my rule of thumb is to take advantage of speculative euphoria and liqudate to recover my principal, and let my "profit" take its course.<BR/><BR/> I did just that for Armarda, I got it at averaged price of 5.2 cents ,sold halve at 10 cents. When the price shot up to 40 cents and came down to 32, I gave up all but a few lots.Market Unclehttps://www.blogger.com/profile/13926458268187430049noreply@blogger.comtag:blogger.com,1999:blog-3008642600708028986.post-18610280763341591062008-04-20T00:50:00.000+08:002008-04-20T00:50:00.000+08:00Hi Market Uncle,Super CoffeeMix recently rose rapi...Hi Market Uncle,<BR/><BR/>Super CoffeeMix recently rose rapidly on speculation of a takeover. How do you view this situation ? Are you tempted to sell as the company may now be over-valued (at above S$1.00) ?<BR/><BR/>Thanks for sharing your thoughts !<BR/><BR/>Regards,<BR/>MusicwhizMusicwhizhttps://www.blogger.com/profile/10950754156386935254noreply@blogger.com