Biolidics Limited (8YY.SI)

Pannawang · Apr 23, 2020

TheOutsider said:
I newbie I admit haiz...

This is the first share I buy with my own account after monitoring and "follow the crowd". It was all good even until 3.25pm. I looked away then when suddenly look back the dump has already started.

I admit I was greedy and queued to sell at higher position.

When the dump started, as I'm not familiar with the interface (as a newbie) and the mechanism. Should have go with Market Order instead of Limit Order I can salvage much more.

Real lesson learnt. I didn't get trap at 0.8+ but i'm still at a loss of about 15% (~1700 including transaction fees).

Also the "buy on rumours, sell on news" is really true. Another good lesson learnt.

I also made a loss
Will sell tomorrow
Sigh

frequency36 · Apr 23, 2020

Nakedtoes said:
thinku got in quite low... should have sold at a good price... congrats..

just made a little bit

frequency36 · Apr 23, 2020

Pannawang said:
Should I just cut Loss tomorrow?
Sob

u shd see the market tomlo to decide as no one can tell u whether the price will go up or down tomlo

Tool18 · Apr 23, 2020

Always invest in good fundamentals companies to build your savings,

Pump and dump stocks should be Invested with a result of what u earned excess for the above , I will always dedicate a limit to this which I anticipate to get 0 dollar back , and monitor every 10 mins for pump and dump stocks till I sell them away

Never use your normal life earnings to invest in these unless u have news public don’t know otherwise

Pannawang · Apr 23, 2020

Thank you everyone for the advice.

I will check first thing tomorrow

frequency36 · Apr 23, 2020

TheOutsider said:
I newbie I admit haiz...

This is the first share I buy with my own account after monitoring and "follow the crowd". It was all good even until 3.25pm. I looked away then when suddenly look back the dump has already started.

I admit I was greedy and queued to sell at higher position.

When the dump started, as I'm not familiar with the interface (as a newbie) and the mechanism. Should have go with Market Order instead of Limit Order I can salvage much more.

Real lesson learnt. I didn't get trap at 0.8+ but i'm still at a loss of about 15% (~1700 including transaction fees).

Also the "buy on rumours, sell on news" is really true. Another good lesson learnt.

u are paying lesser than me to learn, i paid 5 digit when i was newbie

Andrew833 · Apr 23, 2020

Pannawang said:
I also made a loss
Will sell tomorrow
Sigh

Don't rush in to sell, wait to see how the market goes.

chaoprokia · Apr 23, 2020

U wan to play this penny shares must subscribe to live data one.
U information always lagging liao. By the time u know. Those who known already sold. So u double step lag.
Lag I buying lag in selling.

TheOutsider · Apr 23, 2020

Tool18 said:
Always invest in good fundamentals companies to build your savings,

Pump and dump stocks should be Invested with a result of what u earned excess for the above , I will always dedicate a limit to this which I anticipate to get 0 dollar back , and monitor every 10 mins for pump and dump stocks till I sell them away

Never use your normal life earnings to invest in these unless u have news public don’t know otherwise

I set the limit at $10k for shares. Just entered. A lot of technical error on my end also coz too not familiar with the system and market mechanism.

Painful lesson (can buy New P40 Pro 5G cash with few hundred balance

) But look forward what to do? haha

Pannawang · Apr 23, 2020

Andrew833 said:
Don't rush in to sell, wait to see how the market goes.

Thank you so much for your advice

Just saw this

Biolidics inks US distribution deal for its Covid-19 test kits https://www.straitstimes.com/business/companies-markets/biolidics-inks-us-distribution-deal-for-its-covid-19-test-kits?&utm_source=whatsapp&utm_medium=social-media&utm_campaign=addtoany

TheOutsider · Apr 23, 2020

frequency36 said:
u are paying lesser than me to learn, i paid 5 digit when i was newbie

I know the stock can't keep long but I hoped that it would at least last till end of day or even tomorrow open market. Just didn't expect my this counter profit to go from +2800 to -1500 in 15 mins.

Technical errors too I tried to put in multiple sell orders but all says "Completed (Unfilled)". Not knowing whether the order will still execute, I hesitated to queue in further sell order until I noticed it's not attempting to sell then only I try to put in more sell order but the price drop too fast I set limit price cannot keep up. Must know the tools better next time won't do same mistake.

A lot of lessons learnt today. Good for a bad start?

TheOutsider · Apr 23, 2020

Pannawang said:
Thank you so much for your advice

Just saw this

Biolidics inks US distribution deal for its Covid-19 test kits https://www.straitstimes.com/busine...utm_medium=social-media&utm_campaign=addtoany

This is the reason it crashed (sort of).

Buy on rumours, sell on news. I haven't get hold of that yet. Hope I'll learn haha

Nakedtoes · Apr 23, 2020

TheOutsider said:
I set the limit at $10k for shares. Just entered. A lot of technical error on my end also coz too not familiar with the system and market mechanism.

Painful lesson (can buy New P40 Pro 5G cash with few hundred balance ) But look forward what to do? haha

think u cannot sell is because of the circuit breaker.. i see the trading halt for many times just now...

Nakedtoes · Apr 23, 2020

Pannawang said:
Thank you so much for your advice

Just saw this

Biolidics inks US distribution deal for its Covid-19 test kits https://www.straitstimes.com/busine...utm_medium=social-media&utm_campaign=addtoany

Not really a good news... bought from china and rebrand as own brand... why the USA coy dun straight buy from china? :s13:

Nakedtoes · Apr 23, 2020

TheOutsider said:
This is the reason it crashed (sort of).

Buy on rumours, sell on news. I haven't get hold of that yet. Hope I'll learn haha

sell on news is too late...IMHO... as i said before playing this type of pump and dump shares cannot keep overnight..

jack-320 · Apr 23, 2020

That was fast

Dropped 33% from 0.75 to 0.5

XGZ1503 · Apr 23, 2020

jack-320 said:
That was fast

Dropped 33% from 0.75 to 0.5

Actually this counter was put under "trading halt" for awhile this morning. Dropped after it reopen in the afternoon.

Sadisticnoob · Apr 23, 2020

Total no of shares in company

260,358,000

no of shares traded
2020-04-22 86,003,200
2020-04-21 119,332,800
2020-04-20 61,160,800

dexboi · Apr 23, 2020

Nakedtoes said:
Not really a good news... bought from china and rebrand as own brand... why the USA coy dun straight buy from china?

Straight buy from China no credibility perhaps. This is how the world works. You take abit, I give abit, I got HSA cert, got endorsements, you happy, everyone happy.

Here's another local company doing it: https://sensingself.me/covid.php

TheOutsider · Apr 23, 2020

jack-320 said:
That was fast

Dropped 33% from 0.75 to 0.5

Previous 0.76 Open 0.875 High 0.885 Low 0.425 Close 0.495

The crash technically is 0.885 to 0.425 more than 50%. That'd be a good good short if anyone bought.

Biolidics Limited (8YY.SI)

Junior Member

Senior Member

Senior Member

Arch-Supremacy Member

Junior Member

Senior Member

Arch-Supremacy Member

Supremacy Member

Senior Member

Junior Member

Senior Member

Senior Member

Great Supremacy Member

Great Supremacy Member

Great Supremacy Member

High Supremacy Member

Senior Member

High Supremacy Member

Supremacy Member

Senior Member