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Trading BKP: Some take quit big position today!

Discussion in 'Shares' started by wdongli, 29th Nov, 2010.

  1. wdongli

    wdongli Well-Known Member

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    There are no news but today some have taken quite big position between $0.007 - $0.009, which put the support to BHP to $0.007 after the buying spike.

    There are always someone who could get some good or bad news internally and earlier than the market. Ideally we should get the information from the credible sources for BHP's oil exploration at the time to happen and give some time delay to process. However one thing is very important to remember usually no one could know what could get from the ground. You need to get the feeling of the prospective and get your position as early as possible and pay the cost as little as they could not get anything from their exploration.

    I paid $0.005 for BKP, which is much higher I should paid, $0.003. I bet it could get the oil quite big. Good to see it move up more than what I paid.

    [​IMG]
     
  2. wdongli

    wdongli Well-Known Member

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    BKP: Trading halt for a resource updating

    It just announced to halt its trading from 6 Dec 2010 until a resource updating report is issued.

    http://imagesignal.comsec.com.au/asxdata/20101203/pdf/01129238.pdf

    This report has been expected by the market for quite long and its price moved up/down dramatically by any rumors about it since its relist in July 2009.

    This report is very powerful, bad or good

    1. It could be the new explosive powders to shoot it up in 5 or 10 baggers reward

    2. It could be the falling knife to cut anyone's capital who moved the capital into it in last few weeks.

    I have quite big position in BKP(relative to my capital in the share market) which was got at $0.005, a not very good buying to a dirty-cheap fish player.

    [​IMG]
     
  3. wdongli

    wdongli Well-Known Member

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    There are two scenarios of the possible consequences, right? So have to select which one I should prefer. I choose to hold. Why?

    1. All who don't want to hold have sold on the fire, in GFC, the shocking of the suspension after GFC.

    2. Two great shocks in BKP history should be big enough to put it into deep under-value, the remaining value, or puffs called by Buffett.

    3. Could you measure the under value in numbers? I could not but logically I believe so.

    4. Something just could not be explained in numbers, see by our eyes, and show correctly by the technologies but some flashes in your mind based on your understanding of the market and human nature.

    5. Most of traders and bargain hunters are buying and selling for quick money and then you want the quickness you would not know how to see into the future for a year or longer.

    6. The risks are about to lose $10,000 more or less($6,000 capital and $4,000 paper profit). I am ready to lose it for $50,000 or $100,000 which depending on if I could sense the winds and fads right.

    7. I have read a lot its oil resource after its first shooting up to $0.008. I feel it has more than 65% chance to have huge oil reserve.

    Base on all above, I do feel BKP could be another little Casino which I own partly. Who would be the gamblers in the market? A lot! They would image the cake in sky after good news and worry the torture in the hell after the darkness is all.

    I prefer some of my capital to insert into the queue at the door step of the hell. The owners of the hell don't follow the market herd and they have their rules and guideline to accept who should be in the hell.

    Usually most of us are wrong to guess who would be in the hell as we guess who would be in the heaven. I want to act not based on my guess but logic. I have seen too many who play their guess and put themselves into the hell.

    Of course I have to be ready to see some of capital would be in the hell. No free lunch!
     
  4. wdongli

    wdongli Well-Known Member

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    Know the place, time, and yourself please!

    Please note:

    calculation of risk/reward is a matter very personal, environment-conditions-sensitive, and time-critical. Don't follow my calculation which could result in different consequences to different people!

    Just think about fishing for big fishes and then you would get my points! No big fish for wrong place, wrong time, and wrong people! Before we throw our bait into the water, it is wrong if the bait cost your house, no fishes at all, or we don't know hot to fishing!

    Not sure? Don't go to fishing even we all accept to go home without the bait! To be fisher first and then you would get big fishes sooner or later and the profit should be bigger than the bait!

    I felt the pains when I lost shirt in IT bust. I don't want to see any one get the same pains which is really miserable.
     
  5. Tropo

    Tropo Well-Known Member

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    Dude ...
    Do you know that "ramping" is illegal in OZ ??
     
  6. wdongli

    wdongli Well-Known Member

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    First don't want to provoke any person but concept. Second if anyone feel provoked by my posts I would say sorry. Third IT bust and GFC if took too much money from our pockets something have to change. Fourth it is insane if you repeat anything but expect the different results, some Great Men said.

    ***

    Don't know law and really don't know anything enough in the market

    Don't know and really don't know anything enough except my limitation and the limitation of the fishes and market. Is it illegal you admit you limitation and limitation put on you by the market and the shares themselves?

    We judge and are judged each other, which should be fine in the market. Is internal trading illegal? It should be since it make the trading unequal and unfair. Is emotion illegal and unfair? It should not be?

    Ramping or not ramping are someones' judgment about people. Everyone could judge over others. But illegality and fairness could not be made by judgment. Everyone takes or refuses judgment in the market if you play with your money!

    It is fine if we are objective to judge even we are always wrong in the market.

    Don't take if you dislike. You are your master!


    Don't take any tips for quick money including my words. I just could view from my angles for this market and world.

    I don't want to ramp up anything actually I hide somewhere like BKP for people to ramp it with their own money. Hope you don't ramp it with your hard earned money.

    At last all of our assumption should be hardened as fact for our loss and reward without matters you ramp or not ramp.

    Market is cool not us

    If you ramp something up illogically in the market, Mr. Market just drag you onto the slaughter table for your ramping money! I guess that is why if you don't do internal trading as a trader, all of views and the corresponding buying and selling are legal.
     
  7. wdongli

    wdongli Well-Known Member

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    BKP: W. Buffett->Biggest ramper and...

    Biggest ramper for his interests?

    W. Buffett said he buys for hold and his favorite time horizon to hold is forever. Some said he is the most notorious ramper for his interest and his shares.

    I don't agree but thought these someone don't have the sense what about strategy and tactics. Market is there to encourage the people to take the profit with the risks, some of which could destroy all of your asset in a few days. You have to get the correct concept about strategies first and then you could be right for profit.

    He have to buy anything for holding long enough otherwise his buying and selling just make the spike and instability of the system(too much money he could move around)which could destroy his capital and others'.

    Take the logic, understand the context, and get your time horizon

    How about you? I just have a few of $100,000 in the stockmarket. I could not give my favorite buying to hold forever. But I really buy for hold in my time horizon. I bought BKP after I calculated the risks and probability of the reward one year ago and hold with the hope my calculation could be true.

    If anyone else to get the tip for quick money, you have lost the battle before you start. Why? You don't have the time to read, ponder, and understand the logic in my posts. Whose problems?

    I don't buy any fish if their price is not lowest in the time horizon I would like to hold. Are you sure you could get the lowest price always? Of course not and I could get very silly mistakes too. But if the risks are rewarded ones and I could afford I would take. Is it ramping or logic?

    Do you follow the logic in your situations or my emotion for 10 baggers?

    Do you follow my emotion to hope BKP to be 10 baggers or follow the underlying logic in your market practice? Don't know!

    If you really hate the dirty-cheap fishes, you could use the winning logic to play with the swans, such BHP, RIO, ANZ, and so on.

    But never buy at the peak as a lot of people bought RIO at $135 or I geared into geared fund at the peak.

    Buffet said something else too

    By the way W. Buffett said when he had enough money in the market, he was right in most of his ideas and judgment about what should buy and how long should it be to hold, but no one listened.

    People don't buy the call for logic. He also said now he has less good ideas but people take his words too seriously. He said if you are a little player, just follow the logic and get your calculation for risks and reward and do your job.

    If you say and follow logic but little money at moment, people usually call you idiot. Sometimes you could be very confused about who are idiots. There are too many genius to show they are not idiots but lose the money in long term.

    I do feel I should be one of some kind of idiots since some logic take me too long to get them. I just want to be less to act as idiots with the money.
     
    Last edited by a moderator: 4th Dec, 2010