Sino Agro Food Inc (fka SIAF)

[Viking John]

How can a guy who is a more or less pure TA guy not sell a single share back then?

I never ever make a partial trade. It is always all or nothing. Either it is time to sell or it isn't. I calculate my odds and go in that direction. The reasoning is to reduce transaction fee's. The day I decided to sell the price opened at 1.06 and closed at 1.00. If the stock could stay above a buck I would continue to hold. It was the second day of a drop in a row. Now the stock could easily pop back from that. It wasn't even a sell signal for the stock. Normally I would have wanted to hold there. The market conditions were getting turbulent and I wanted to get out at around 98cents the next day,if the stock didn't rise first thing. The stock opened at 99cents and rose to 1.01. I said to myself "Maybe if it stays above a buck I'll hold it." It then dropped so I wanted to get out at 98cents. It just dropped and dropped. It went past 98cents. I put in a limit price at 95cents but it just moved away and kept dropping. I then waited for a intra day bounce that I thought would come. I searched for news. It just dropped. I got some out at 87cents. some at 81cents and some at 76cents. It was brutal. I thought the company declared bankruptcy. I just wanted out. I looked for news but never found any. It was brutal. Then the stock recovered and I was mad at myself.

I followed my rules but I never saw a stock ever fall that fast in my life. I was sure something bad happened. But the more time I searched for news the further the stock fell. I had no good way to handle that.