Bought HTC on Friday. Lost 25k today.

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Re: Bought HTC on Friday. Lost 25k today.

Postby Kea » 24 Jul 2012, 12:08

indeed, but there's two positives: 1. they quickly got half of their investment back while retaining 25% share, so essentially they haven't lost on the investment. 2. Their management were able to change course quickly and reduce the exposure, instead of holding on stubbornly.

More useful: how low can this go?
A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.
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Re: Bought HTC on Friday. Lost 25k today.

Postby SillyWilly » 24 Jul 2012, 12:25

SillyWilly wrote:HTC is on a tear...down to 304TWD...critical support at 300. Lets see if it holds.

Good call getting out of this one. Good call to avoid this one. :bravo:


Critical support level at 300TWD has now been violated for more than 6 trading days. Let's see if the 276 - 5-year low holds. Somehow I doubt it.

Enigma, if your order got filled at 347, get ready to hold on to your shares for A VERY LONG TIME or calling your broker to sell. If you were lucky your order didn't get filled, but somehow I think it did. Mama always said, "Don't catch a falling knife."
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Re: Bought HTC on Friday. Lost 25k today.

Postby Abacus » 24 Jul 2012, 17:19

SillyWilly wrote: "Don't catch a falling knife."


Just quoting this as a response to Kea. It's not a buying opportunity. Stay away.
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Bought HTC on Friday. Lost 25k today.

Postby headhonchoII » 24 Jul 2012, 18:29

It's all about Spain and Greece folks, nothing to do with individual stocks at the moment.
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Re: Bought HTC on Friday. Lost 25k today.

Postby Kea » 24 Jul 2012, 19:18

Abacus wrote:
SillyWilly wrote: "Don't catch a falling knife."


Just quoting this as a response to Kea. It's not a buying opportunity. Stay away.

Ahh, but please be accurate if you want to be listened to. I did not say at this price level. It will be a buying opportunity at some point, where is the million dollar question. I have already said where (knowing full well it might not get there, or I might be wrong), do you have anything useful to add?
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Re: Bought HTC on Friday. Lost 25k today.

Postby ceevee369 » 24 Jul 2012, 21:23

headhonchoII wrote:It's all about Spain and Greece folks, nothing to do with individual stocks at the moment.


I mostly agree with your posts but this one is IMHO taken "out of the blue".

Why:
Well, another set of answers can be found on the Taiex website. Look at # 2498 (HTC) and compare their -31% vs a slight drop of -4.26% for the total sector.
Other segments are doing well with some booming but overall, things look all better (+3.68 May-June accumulated vs 2011 )
HTC remains the black sheep within Taiex.
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Bought HTC on Friday. Lost 25k today.

Postby headhonchoII » 24 Jul 2012, 22:03

Well I would put in context that pretty much all electronic stocks have been dropping this last week as foreign investors sold off clumps of shares due to weakening European market prospects. You can see Asus has dropped a fair bit and they are doing relatively okay in the market.
My Acer shares are still tanking though , I just have to hold onto them for however long it takes for a rebound. Electronics shares in general except for apple linked companies seem to have poor prospects for this year, what with competition from apple, samsung and the poor economic forecast in the US, Europe and China.
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Re: Bought HTC on Friday. Lost 25k today.

Postby Abacus » 25 Jul 2012, 00:03

Kea wrote:Ahh, but please be accurate if you want to be listened to. I did not say at this price level. It will be a buying opportunity at some point, where is the million dollar question. I have already said where (knowing full well it might not get there, or I might be wrong), do you have anything useful to add?


You said "it's slowly becoming a possible buy, still a wee way to go...277 today"

I'm sorry that I misunderstood you but this not anywhere close to a buy. This is exactly what was said by some when the stock was in the upper 300's a month ago. There is no way that the small investor knows where the bottom is and anyone that jumps in because they think they know could get hurt unless they are very, very lucky. And that's not how I would invest but that's just me.

It's possible that this is the bottom and it will start to rebound and go back up 20-30% (of the losses). Or it's possible that the stock price gets cut in half one more time. I've played/tracked stocks like this before and I no longer consider playing with my money like that (i.e. I lost).
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Re: Bought HTC on Friday. Lost 25k today.

Postby Kea » 25 Jul 2012, 00:12

dp, sorry, please delete oh hardworking moderator
A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.
- Sir Winston Churchill
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Re: Bought HTC on Friday. Lost 25k today.

Postby Kea » 25 Jul 2012, 00:12

That's ok, on the last page I gave a price area, but you missed my post. No worries, but I dislike being misquoted (which frequently happens), and I hate repeating myself. So I won't. The last 2 posts were more aimed at stimulating discussion. As I said, a wee way to go, which is an obvious understatement. 2nd, if you read back further, I was about the strongest anti-buying this in the high 300s.

Also, why don't you guys contribute something more substantial than saying "ooohh don't buy a falling knife". Pfft.
A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.
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