Greater fool theory! In trading, fret not about the valuation.

Overvalued?? Meh, all you need is to convince the next idiot to buy it at a higher price than you!
Alright guys, lets find the next idiot to push the price higher tomorrow. UP UP UP

yttihs So you just have to clear the stock before they do at cheaper price. But right now is still 2 months to farm. Think think.
14/07/2020 4:53 PM
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Absolutely right, but we dont know if they have cleared the stocks. Anyway, lets just continue to find the next idiot to push it higher.

yttihs With strong fundamental and strong support from the sharks...all predicting RM28-RM32...you think the shark will throw this opportunity away now before the QR? Think Think
14/07/2020 4:38 PM

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Sharks kept on giving a higher tp (after they have collected enough) to clear their stocks at higher price. Think think, why would they kept doing research for free? Why didnt they give tp as frequently to non-active stocks

peter555 hold tight tight .. sharks want to get your share at cheap price
14/07/2020 4:38 PM

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Sharks can initiate panic selling by selling their remaining shares and short the FKLI at the same time. Doesnt necessarily have to buy high and sell higher to make money.

yttihs It will rebound. Because IB will buy cheap
14/07/2020 4:30 PM

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IB can initiate panic selling by selling their remaining shares and short the FKLI at the same time. Doesnt necessarily have to buy high and sell higher to make money.

Greater fool theory! In trading, fret not about the valuation.

Overvalued?? Meh, all you need is to convince the next idiot to buy it at a higher price than you!

Greater fool theory! In trading, fret not about the valuation.

Overvalued?? Meh, all you need is to convince the next idiot to buy it at a higher price than you!

Greater fool theory! In trading, fret not about the valuation.

Overvalued?? Meh, all you need is to convince the next idiot to buy it at a higher price than you!

Greater fool theory! In trading, fret not about the valuation.

Overvalued?? Meh, all you need is to convince the next idiot to buy it at a higher price than you!

Greater fool theory! In trading, fret not about the valuation.

Overvalued?? Meh, all you need is to convince the next idiot to buy it at a higher price than you!

Greater fool theory! In trading, fret not about the valuation.

Overvalued?? Meh, all you need is to convince the next idiot to buy it at a higher price than you!

https://www.dummies.com/personal-finance/investing/penny-stocks/dot-com-bubble-penny-stocks/

The purpose of a business is to make money. No matter how cool or hip or chic your company, you eventually have to pay rent and electricity.

https://www.dummies.com/personal-finance/investing/penny-stocks/dot-com-bubble-penny-stocks/

The purpose of a business is to make money. No matter how cool or hip or chic your company, you eventually have to pay rent and electricity.

I guess investment bankers made a fortune from this bull run. Banks QR will be better than expected.

I guess investment bankers made a fortune from this bull run. Banks QR will be better than expected.

I guess investment bankers made a fortune from this bull run. Banks QR will be better than expected.

I guess investment bankers made a fortune from this bull run. Banks QR will be better than expected.

What do you mean by principle kicking in?

https://www.thestar.com.my/business/business-news/2010/07/03/famous-pa...
Biscuit maker Hwa Tai Industries Bhd’s share price had tipped over RM200 a share prior to the 1997 crisis. Recently closed at 29 sen.

If you guys are still trading gloves, just be cautious and use stop loss whenever necessary. I dont want to see people start jumping off building...

Last but not least, Gong Xi Fat Choi!! Trade safely in this once in a decade bull run!!!

https://www.thestar.com.my/business/business-news/2010/07/03/famous-pa...
Biscuit maker Hwa Tai Industries Bhd’s share price had tipped over RM200 a share prior to the 1997 crisis. Recently closed at 29 sen.

If you guys are still trading gloves, just be cautious and use stop loss whenever necessary. I dont want to see people start jumping off building...

Last but not least, Gong Xi Fat Choi!! Trade safely in this once in a decade bull run!!!

https://www.thestar.com.my/business/business-news/2010/07/03/famous-pa...
Biscuit maker Hwa Tai Industries Bhd’s share price had tipped over RM200 a share prior to the 1997 crisis. Recently closed at 29 sen.

If you guys are still trading gloves, just be cautious and use stop loss whenever necessary. I dont want to see people start jumping off building...

Last but not least, Gong Xi Fat Choi!! Trade safely in this once in a decade bull run!!!

SUPERMX-HB up despite supermmx is up. This is a very unhealthy signal that people who doesn't know anything literally buying anything related to the big 4 gloves stocks. Pretty sure we are in the euphoria stage for gloves

Topglov-ha up despite topglove is up. This is a very unhealthy signal that people who doesn't know anything literally buying anything related to the big 4 gloves stocks. Pretty sure we are in the euphoria stage for gloves...

DeepValueInvestor Yeah agree with the above. A good blue chip with lots of upside when the ROE returns to its 5-year Average. And with a dividend yield of 6.62% beats all FD now. Will soar when OPR further cut by 0.25 in July
11/06/2020 1:02 PM

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Wow accurately predicted by @DeepValue?

https://www.malaymail.com/news/money/2020/07/11/bursa-malaysia-to-trad...
OPR cut provided support and sparked buying interest in banking stocks. There was a strong buying interest in banking stocks last week

DeepValueInvestor Yeah agree with the above. A good blue chip with lots of upside when the ROE returns to its 5-year Average. And with a dividend yield of 6.62% beats all FD now. Will soar when OPR further cut by 0.25 in July
11/06/2020 1:02 PM

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Wow accurately predicted by @DeepValue?

https://www.malaymail.com/news/money/2020/07/11/bursa-malaysia-to-trade-with-upside-bias-next-week/1883470
OPR cut provided support and sparked buying interest in banking stocks. There was a strong buying interest in banking stocks last week

@stkoay my sifu definitely did his research thoroughly. I saw his excel sheet comparing each bank stocks. Still dont know how he picks the stocks. But I am just following him to keep buying his picks when they are still under his calculated intrinsic value.

@adriantam EASILY with buying interest slowly switching from gloves to banks.

It is still way below my sifu DeepValue's calculated intrinsic value of ~RM6. Anything below RM5.4 (10% safety margin from my sifu's RM6) I will keep on collecting with my monthly payroll for long term investment

@Big3, the daily trading participate u gave there was for 07 July. For 08 July foreign fund was the net buyer (bought 836 sold 606), I guess foreign fund likes bank stocks better than gloves too

@RedEagle Q2 is not true colors but temporary setback. But the stock market is forward looking, I am personally foward looking into post SEP30 and 2021. Also, lowering OPR artificially inflate markets' average PE anyway.

NPL is priced in.

Modification loss affects Public Bank, Hong Leong Bank, Maybank. Affin Bank and AMMB more than CIMB
https://www.nst.com.my/business/2020/05/590048/four-banks-will-be-negative-due-highest-hp-loans-exposure#:~:text=A%20%22modification%20loss%22%20is%20the,the%20terms%20of%20the%20loan.

Bomoh apanama, opr cut bank stocks didnt drop le? What coconut did u use to make such a prediction? Should I use my emergency fund to buy more now, later more expensive how?

On the bright side, lower opr => more people borrowing => more earnings in near future.
Also lower opr => possibly chance less loan defaults after moratorium?

Even Buffett started buying ady

@lomas slowly collect only, when loan moratorium ends, price will shoot back up for all bank stocks

05 May 2020 (Tuesday) BNM cut the opr by 50 basis points. Did the share price drop? No because most FD at that time was expiring in June 2020.

Read that somewhere sometime ago

Hope it drops [like how our infamous bomoh apanama predicted (3.00), but very unlikely :( ]. I just want to buy more at discounted price every month when I receive my paycheck as it is the blue chip banking stock with most upside with the economy slowly recovering.

https://www.thestar.com.my/business/business-news/2020/07/03/malaysias...

Looks like we only have another 5 months to collect discounted stocks. Banking stocks will rally like how they did during the last crisis from March 2009 to 2011 after the QE in Nov 2008 like what DeepInvestor said.

quoting apanama's comment in armada on Apr 25, 2020 10:15 AM: "creating fear for you to buy at bottom is cheapskate strategy..:)". This is exactly what he's trying to do now.

Btw just look at apanama's comments on armada going to RM1 LOL. Until now not even 30sen. Anyone who believes him must be retarded.