Australian (ASX) Stock Market Forum

Re: BPO - BioProspect Limited

clowboy said:
well it just goes to show that being at home in front of the computer doesnt always mean you will get the trade. I placed an order at 2.5 when it was trading at 2.4 but by the time I had completed it it was up at 2.6/2.7. Thought about buying some at 2.7 but passed it up. *sigh* this will test me emotionally for the next few days, perhaps weeks if it continues upwards like it did today. Can't believe the close given the response.

DONT LET IT.
Accept that these trades will happen.

And learn from the mistake, if in fact there was one.

Why did you hesitate?
If it was a valid reason then well done for sticking to the plan because maybe you are right 9/10 of the time but the 1/10 the stock goes to the moon. Who cares, you have to accept that this will happen, and guess what - it will happen again. But thats part of the game. Trading is all about probabilities.

Are you going to let this get you down?

DONT. Stay focussed. And theres always opportunities. And by staying focussed and sticking to the plan you have every chance of catching the next one.

All the best bro, chin up.
 
Re: BPO - BioProspect Limited

tekmann,

Agree with you, still a learning curve learning how to deal with it though.

Nizar,

One can not control emotions, only deal with them as they arise in a different manner. (to the norm, or perhaps how they were last dealt with). At the end of the day, the events of today have occurred and there is not much I can do about it. Probably not all that much that I can learn from the experience either as at some point everything comes back to luck/what ifs/the market doing it's thing. -nothing really I could have done differently. Previously I was peeved that I missed JMS trade because I was at work, ironically I was not at work today and yet still missed the trade. That was my main point. In terms of it going up further, obviously the further it climbs the more depressing it becomes in that I missed the trade, but slowly I am overcoming this dilemma. It helps with the number of trades you miss being at work - you get used to it.

Anyway, to all those that made a killing on this stock today, congrats, may the ride continue.
 
Re: BPO - BioProspect Limited

clowboy said:
In terms of it going up further, obviously the further it climbs the more depressing it becomes in that I missed the trade, but slowly I am overcoming this dilemma.

My main point is that - it shouldnt ie. it shouldnt be depressing at all. Have no regrets. Condition yourself to deal with it and ull be the better trader for it.

All the best.
 
Re: BPO - BioProspect Limited

There is always another trade tomorrow, and perhaps better still.

You may even trade this stock multiple times over.
Cheers
SevenFX
 
Re: BPO - BioProspect Limited

clowboy...last week I typed in an order for BLTO at 1.5c....missed it....1.7c....missed it finally got some at 2.1c

They reached 10c....so my purchase price didn't really matter

If you believe they are going to move then a few tenths of a cent shouldn't make a difference to your decision to buy.

Anyway clowboy....have a look at the oppies tomorrow...BPOOA still give you the possibility of several hundred percent in gains if you can buy in the .006 - .008c range.

Goodluck

EB
 
Re: BPO - BioProspect Limited

nizar said:
My main point is that - it shouldnt ie. it shouldnt be depressing at all. Have no regrets. Condition yourself to deal with it and ull be the better trader for it.

All the best.

Ahh but it is, saying it isnt is just lying, it is how you deal with it that matters, which is primaily

tekmann said:
There is always another trade tomorrow, and perhaps better still.
 
Re: BPO - BioProspect Limited

BPO has a habit of pumping and dumping...this termite product has done very little in 3 years, except make the share price go south.

Testing, testing,testing thats is all they have ever done...no sales at all!

Good luck to holders, thats my 2 cents worth :2twocents
 
Re: BPO - BioProspect Limited

BPO is headed for a big day by the looks of that buy depth and very weak sell depth!
 
Re: BPO - BioProspect Limited

Stop_the_clock said:
BPO has a habit of pumping and dumping...this termite product has done very little in 3 years, except make the share price go south.

Testing, testing,testing thats is all they have ever done...no sales at all!

Good luck to holders, thats my 2 cents worth :2twocents
once again stc you need to wind back your clock to buy some of these yesterday.
pump and dump????....first you must pump before you can dump and this company has not had any recent ann.
 
Re: BPO - BioProspect Limited

There will be some attention on this this morning but I must caution all new traders to tread lightly if entering a stock that has jumped 70% in a day on no announcement. More experienced traders will be trying to suck you in to buy this for the simple reason that they own it.

This may well in fact open higher and run for a day os so more before it pulls back, but it will most likely pull back. The concern will always be buying at the top, only to see the experienced traders dump it on you.

As per the announcement by the company yesterday, they have no explanation for why the stock ran yesterday. Enough said.
 
Re: BPO - BioProspect Limited

kennas said:
There will be some attention on this this morning but I must caution all new traders to tread lightly if entering a stock that has jumped 70% in a day on no announcement. More experienced traders will be trying to suck you in to buy this for the simple reason that they own it.

This may well in fact open higher and run for a day os so more before it pulls back, but it will most likely pull back. The concern will always be buying at the top, only to see the experienced traders dump it on you.

As per the announcement by the company yesterday, they have no explanation for why the stock ran yesterday. Enough said.
I will add to this, that any new people to this site should make your own judgement on who is purely ramping a stock for their own gain. There are many posters on here who provide valuable information and do identify stocks that are a genuine trading opportunity. Some people actually want you to make money too!! However, please use your judgement, and see through the cr@p! Often this only comes by making mistakes. Good luck!
 
Re: BPO - BioProspect Limited

kennas said:
I will add to this, that any new people to this site should make your own judgement on who is purely ramping a stock for their own gain. There are many posters on here who provide valuable information and do identify stocks that are a genuine trading opportunity. Some people actually want you to make money too!! However, please use your judgement, and see through the cr@p! Often this only comes by making mistakes. Good luck!
After 27 years trading experience, Kennas' advice is spot on. I try not to chase stocks after a strong rise like this. Good luck though to existing shareholders.
DYOR
 
Re: BPO - BioProspect Limited

daaussie said:
BPO is headed for a big day by the looks of that buy depth and very weak sell depth!

Theses are the kinds of comments that are standard on hotcopper and unfortunately seem to be on the increase on this board recently. That may give us a clue to the current state of the market. The opening depth on a stock that is trading at 3.4 cents is pretty meaningless it can change in a couple of seconds as seemingly big volumes get taken out.

BPO may well have another good day today although my bet is that it will open strongly and then fall back as the profit takers move out of the stock and the suckers move in. Have a look at what happened to BLT yesterday and they actually had an announcement the day before of some substance. BPO got a speeding ticket yesterday afternoon and in reply said they had no news therefore there is a good chance they will get smacked today. The fact that we see run ups in prices like these on no news is an ominous sign that is eerily familiar to five years ago.
 
Re: BPO - BioProspect Limited

dhukka said:
Theses are the kinds of comments that are standard on hotcopper and unfortunately seem to be on the increase on this board recently. That may give us a clue to the current state of the market. The opening depth on a stock that is trading at 3.4 cents is pretty meaningless it can change in a couple of seconds as seemingly big volumes get taken out.

BPO may well have another good day today although my bet is that it will open strongly and then fall back as the profit takers move out of the stock and the suckers move in. Have a look at what happened to BLT yesterday and they actually had an announcement the day before of some substance. BPO got a speeding ticket yesterday afternoon and in reply said they had no news therefore there is a good chance they will get smacked today. The fact that we see run ups in prices like these on no news is an ominous sign that is eerily familiar to five years ago.
I too would be cautious on this one. Good luck to existing shareholders though.
DYOR
 
Re: BPO - BioProspect Limited

yes i am a holder and yes i want others to make money
did you miss this one kennas???
 
Re: BPO - BioProspect Limited

dhukka said:
The fact that we see run ups in prices like these on no news is an ominous sign that is eerily familiar to five years ago.
Yes, I was there then and lost my pants, but not my house. Hence my caution to new punters here.

There is definitely money to be made in this type of environment, but the music does stop!
 
Re: BPO - BioProspect Limited

kennas said:
Yes, I was there then and lost my pants, but not my house. Hence my caution to new punters here.

There is definitely money to be made in this type of environment, but the music does stop!
BPO went up to 4.3c on a suckers rally, but has now fallen to 3.5c.
DYOR
 
Re: BPO - BioProspect Limited

i am a holder and you can see from my prev notes on this stock, i will caution others in going into this on no news. They had one apparently very good product many years back but has found not one pharma company willing to invest in that product
i am surprised that the company has nto gone broke in these years.
if anyone wants tobuy then i have got a few to sell at a low price of 4.5c
 
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