Very, very interesting - China alliance, page-10

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dappaT

757 Posts.

631

07/06/15

11:16

Post #: 15427196
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Originally posted by andyno3 ↑

Just to add to my last post is this statement by PW in the ann

“Having potential first mover advantage in the legal provision of Western content to the Chinese market gives TV2U the realistic capability to drive revenue a multitude of times."
IMO The above statement would give people the view that there is no signed deal with the Chinese Gov.
I have underlined the key word potential.
DYOR
Some investing rules i follow.

1) Set stops – never lose more than 15% in one trade
2) Never more than 5% of your capital in any one stock
3) 2% rule , never lose more than 2% of your capital in any one trade
4) THE TREND IS YOUR FRIEND
5) Follow the money and always take profits
6) Never trade on leverage or margin. If you are good you don’t need to borrow. If you don’t have the money you aren’t ready
7) The ”market” knows more than you do, NEVER buy into down trending stocks
8) Pyramid into winning trades
9) In every trade there is a smart person and a dumb one, which one are you?
10) NEVER believe management, believe the share price
11) Never buy into floats if you are an “average joe”, If its any good you wont get any, if it’s a dog you’ll get heaps
12) Brokers, financial planners and newsletter writers are salesmen. If they were any good they wouldn’t need you
13) The golden rule “He who has all the gold makes all the rules”. The people who “control” companies make decisions for their benefit only. You are just a pain in the backside
14) There are none so blind as those who do not wish to see
15) Chat sites are filled with insiders, be wary of any person who only posts on one or two stocks. I put them on ignore

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thanks for the insight andy...agree with these rules 100% although still learning myself so sometimes need a reminder!

Got on board this one at 0.8c so not too worried at the moment, I have a habbit of holding too long and missing out on a good profit, a rookie error which i am gradually overcoming.
Could you please explain what you mean by number 8) PYRAMID INTO WINNING TRADES??

Thanks in advance
D

GAL Price at posting: 1.1¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 18.5¢		Change 0.010(5.71%)		Mkt cap ! $36.56M

Open	High	Low	Value	Volume
17.5¢	18.5¢	17.5¢	$42.14K	231.8K

Buyers (Bids)

No.	Vol.	Price($)
6	168280	17.5¢

Sellers (Offers)

Price($)	Vol.	No.
19.0¢	22812	2

View Market Depth

No.	Vol.	Price($)
6	168280	0.175
3	73538	0.170
6	71138	0.165
3	46975	0.160
2	55339	0.155

Price($)	Vol.	No.
0.190	22812	2
0.205	78600	3
0.210	1717	1
0.220	6400	3
0.230	10000	1

Last trade - 14.57pm 16/07/2024 (20 minute delay)

GAL (ASX) Chart

Very, very interesting - China alliance, page-10

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Very, very interesting - China alliance, page-10

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