Replies to post #114006 on Sino Agro Food Inc (fka SIAF)

[Freelunch]

At 17$ there where only buyers, at 2$ only sellers. Tells you a bit about the investment community. Right now is likely a good time to average down, if you are willing to risk the entire investment. Risk/Revard looking really good! If it works out more than 5 times the money in a year. If not, well then Natural Joe was right all along

[snow]

soroi As you can see some sell under 2 dollars. Way more would sell below 10 dollars.

[Ahvena]

No way, who sells at anything under 10$?

Well, I did.
First time I bought this over 9$, but also sold relatively soon after stock price went under 8$.
There were 2 main reasons for selling:
1. I have stop-loss rules, and I follow them to avoid massive lossess.
2. Tecnical analysis was really worrying me, it seemed that SIAF share is going to go down.

I decided to wait until comes news to buy or when technical analysis shows me good place to come in later and possible cheaper.

I intensively followed the stock for some time, but forgot it later. Until I rememberd it again about 2 months ago.
Today this is heavely over sold, and I came back in.
If this is going down under 1.5$ and my stop-loss rules are going to tell me to sell, then I'm going to sell again, and wait for new place to buy.

This time I bought Siaf:s from merkur, Oslo.

I have become very careful with my rules, cause 7 years ago I lost massive amount of money with just being stupidly stubborn, thinking that "it will come up again". Well it did not. Market was more wise than I.
When you burn your fingers first time, you learn to be careful.