Serious Semb marine kicked out sti index.

garlic said:

Bought at 1.27 few days ago to average down.. just hold lor, what to do...

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SNTCK said:

Will affect much on Semb Corp?

Also SingTel dropped a lot recently, how do you think?

Uncle uvwxyz, pow, come and share your view?

Also not forget the dbs and ocbc. Profit dropping too.

Looks like all industry sector not doing well.

Knn .

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maxsanic said:

Let me give you one piece of useful advice. Do not go around online soliciting advice on what stocks and when to buy and sell. If you are not able to make a trade decision on your own, you should not even be dabbling stocks in the first place.

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SNTCK said:

I usually make decision on my own. Just one another assurance to like buy insurance??
But ended up, I also lose. Hahah.

Now buy blue chip , even at lower price also lose money. Very hard to make money now.
All money stuck in share.

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maxsanic said:

I know how you feel, but from experience all you will get is false assurance. There is no way to know who really zhai who just talk big, so you end up just accepting whoever post opinion that is similar to you.

CPFIS figures on layman stock investing are very consistent over the years, roughly every year:

1) ~75% of people negative return
2) ~15% of people 0-2.5% return
3) ~10% of people >2.5% return

So in reality most people lose money on stocks, in other words it is more common to lose money than make money on stocks. Hard truth.

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maxsanic said:

I know how you feel, but from experience all you will get is false assurance. There is no way to know who really zhai who just talk big, so you end up just accepting whoever post opinion that is similar to you.

CPFIS figures on layman stock investing are very consistent over the years, roughly every year:

1) ~75% of people negative return
2) ~15% of people 0-2.5% return
3) ~10% of people >2.5% return

So in reality most people lose money on stocks, in other words it is more common to lose money than make money on stocks. Hard truth.

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SNTCK said:

how much is your average price...semb marine is in danger now leh, half die or 75% die liao

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SNTCK said:

i really worried a lot on semb marine, i have a lot semb corp. at least 100k. now paper loss 30%. cry also useless.

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garlic said:

What danger? Not insolvent, non-receipts and losses already booked, no outstanding bonds to redeem this year.Business slowed down considerably in the industry, not just SM. True that will be years before regaining those lofty heights... or at least till oil recovers, don't panic. Unless tomorrow the whole world is not powered by fossil fuel and no need for chemicals and plastic, then you can write off your shares. The oil industry is being played by the cartel, we just have to ride it out.

On the other hand, M1 shareholders should be alert...

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garlic said:

Now worry, also cant do anything, would be foolish to sell now..

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SNTCK said:

You how old？ i always like to talk to uncle uvwxyz, he has more experience to share. hahahaha

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garlic said:

36... paging for uvwxy

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frenchbriefs said:

the sti is a piece of shit,thats why they need to kick out other pieces of shit to make it look better.

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SNTCK said:

Thank you, i only buy blue chip now. People says diversification, so i buy bank, oil and gas, engineering, transport , telecom.
all is losing money now.

maybe singapore economy really bad now, Good that i am still working.
die die must push myself go to work, even tired. all money now stuck. very heart pain. but also useless. can only wait for it to recover.

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