The biggest mistakes

RockStock wrote:

2011_NewComer wrote:I started trading this year.
The biggest mistake I did was buying Union Bank shares on the first day early morning at around Rs43. (Thought that it'll move similar to SFIN)
Worst part was, most of it I bought from buying power, so had to settle within few days a big loss
Another mistake is not selling it when it's going down and down, hoping that it'll move up soon, waited and waited and finally sold around 33

This is a good lesson for you to learn at the very beginning, however this is not that big mistake, what about those who invested VANIK and PUGODA etc, They don't trade any more, that is a total capital lost.
Those days VANIK behavior was like same as today's GREG, They were too much aggressive, and couldn't resist the recession . However there are news that VANIK going to re-enter the seen after court approval.

UKboy wrote:

RockStock wrote:

2011_NewComer wrote:I started trading this year.
The biggest mistake I did was buying Union Bank shares on the first day early morning at around Rs43. (Thought that it'll move similar to SFIN)
Worst part was, most of it I bought from buying power, so had to settle within few days a big loss
Another mistake is not selling it when it's going down and down, hoping that it'll move up soon, waited and waited and finally sold around 33

This is a good lesson for you to learn at the very beginning, however this is not that big mistake, what about those who invested VANIK and PUGODA etc, They don't trade any more, that is a total capital lost.
Those days VANIK behavior was like same as today's GREG, They were too much aggressive, and couldn't resist the recession . However there are news that VANIK going to re-enter the seen after court approval.

I still have some VANIK shares in my PF. VANIK used to be a mentor of modern day penny stocks. I cant remember exactly when was it ( I think 2005- 2006 time) but we used to buy VANIK in bulks and sell with a 20 cents gain. If I remembered correctly it was trading around Rs 1.50- 2.00 for long time. Gosh those were the hardest days at CSE. You had to be very lucky to get more than 10% profits from an investment.

Nowadays some people cry if the market goes into Red 3, 4 days continuously. But those days sometimes market didnt move for weeks.

Akalanka wrote: for me . . .the biggest mistake was just believe only in the broker.
I lost several kilos as i bought at the top just because the broker was able to convince me to buy it in my very first day. .


so so .. . from then onwards i no believe only in them so do little analysis a smuch as possible. . .

UKboy wrote:

RockStock wrote:

2011_NewComer wrote:I started trading this year.
The biggest mistake I did was buying Union Bank shares on the first day early morning at around Rs43. (Thought that it'll move similar to SFIN)
Worst part was, most of it I bought from buying power, so had to settle within few days a big loss
Another mistake is not selling it when it's going down and down, hoping that it'll move up soon, waited and waited and finally sold around 33

This is a good lesson for you to learn at the very beginning, however this is not that big mistake, what about those who invested VANIK and PUGODA etc, They don't trade any more, that is a total capital lost.
Those days VANIK behavior was like same as today's GREG, They were too much aggressive, and couldn't resist the recession . However there are news that VANIK going to re-enter the seen after court approval.

I still have some VANIK shares in my PF. VANIK used to be a mentor of modern day penny stocks. I cant remember exactly when was it ( I think 2005- 2006 time) but we used to buy VANIK in bulks and sell with a 20 cents gain. If I remembered correctly it was trading around Rs 1.50- 2.00 for long time. Gosh those were the hardest days at CSE. You had to be very lucky to get more than 10% profits from an investment.

Nowadays some people cry if the market goes into Red 3, 4 days continuously. But those days sometimes market didnt move for weeks.

wikum100 wrote:
you were real investors i suppose .....see despite the fact that mkt is not moving and with very minimal profit margin still you invested and helped to kept the mkt moving ....great ppl

RockStock wrote:
Yes UKboy, VANIK was a very popular share fore play like that, even if the book value was negative, those days minimum price change was 0.25 cents unlike 0.10 these days; so that movement of one step gave a huge capital gain. VANIK was a good lesson for investors who are following stocks like GREG. However They are going to start some business again after the court approval, hope you'll be able to get rid of VANIK then.

good luck

UKboy wrote:

RockStock wrote:
Yes UKboy, VANIK was a very popular share fore play like that, even if the book value was negative, those days minimum price change was 0.25 cents unlike 0.10 these days; so that movement of one step gave a huge capital gain. VANIK was a good lesson for investors who are following stocks like GREG. However They are going to start some business again after the court approval, hope you'll be able to get rid of VANIK then.

good luck

Hi Rockstock,
Yes I dont like to talk much about GREG as I got many negative reps for critising this Alien company
My only worrying thing about GREG is, the board of directors are trying to creat the biggest listed company in sri lanka with the help of our small investors.
Where is the fundamentals... well Hardly any..

Hope VANIK will start some buisnesses soon. I completly forgot about VANIK. Glad to see some people can still remeber Vanik

tubal wrote:

UKboy wrote:

RockStock wrote:
Yes UKboy, VANIK was a very popular share fore play like that, even if the book value was negative, those days minimum price change was 0.25 cents unlike 0.10 these days; so that movement of one step gave a huge capital gain. VANIK was a good lesson for investors who are following stocks like GREG. However They are going to start some business again after the court approval, hope you'll be able to get rid of VANIK then.

good luck

Hi Rockstock,
Yes I dont like to talk much about GREG as I got many negative reps for critising this Alien company
My only worrying thing about GREG is, the board of directors are trying to creat the biggest listed company in sri lanka with the help of our small investors.
Where is the fundamentals... well Hardly any..

Hope VANIK will start some buisnesses soon. I completly forgot about VANIK. Glad to see some people can still remeber Vanik

I think both rockstock and ukboy have seen a bear, possibly more than one. I've seen a couple of them too (never in Yala but at Echelon Square). The trouble with the CSE is that there are far too many people here that have never even heard of a bear let alone seen one.

RockStock wrote:

tubal wrote:

UKboy wrote:

RockStock wrote:
Yes UKboy, VANIK was a very popular share fore play like that, even if the book value was negative, those days minimum price change was 0.25 cents unlike 0.10 these days; so that movement of one step gave a huge capital gain. VANIK was a good lesson for investors who are following stocks like GREG. However They are going to start some business again after the court approval, hope you'll be able to get rid of VANIK then.

good luck

Hi Rockstock,
Yes I dont like to talk much about GREG as I got many negative reps for critising this Alien company
My only worrying thing about GREG is, the board of directors are trying to creat the biggest listed company in sri lanka with the help of our small investors.
Where is the fundamentals... well Hardly any..

Hope VANIK will start some buisnesses soon. I completly forgot about VANIK. Glad to see some people can still remeber Vanik

I think both rockstock and ukboy have seen a bear, possibly more than one. I've seen a couple of them too (never in Yala but at Echelon Square). The trouble with the CSE is that there are far too many people here that have never even heard of a bear let alone seen one.

We experienced the longest bull run from 2002-2007(with some bear periods) and then came the GIANT POLAR BEAR from 2007-2009, since 2009 again one of the strongest bull.I can remember the bull pattern with DIST, around 2002 it was less than Rs.20 then with the bull it went up to 150/- + by 2007, then with the bear again it fallen to below 50/- and from 2009 bull taken over and dragged into the current price. it seem the BULL will dominate another 10 years at least with intermittent interruption by the bear.

Aamiable wrote:Mae site eke thiyena ewa kiyapuwahama , kiyawana ayata stock market epa wenawa,

honda deyak discuss karanna thiyenne..