Posted by 林俊松 > Jan 19, 2015 02:50 PM | Report Abuse
Why Hong Kong & China indexes free fall, KLCI still up? Friday Singapore down 40 points, KLCI down 1 point; today Singapore up 4 points, KLCI up 7 points? Malaysia so strong meh?
U NEW IN SAHAM??
BURSA MUST RISE BELOW SGX AND DROP MORE THAN SGX???
Boh chow c is for people who has no $$ to hold long term, those who jus want to contra.. every crisis come n go n market never fail to recover after each crisis, so if u have $$ , why have to worry.. market collapse so its good time to enter for those who has bullets..its jus timing & $$
"Calvin likes stocks with bad corporate governance/ lousy management
FGV, MP Corp, Mulpha, BJ Corp"
YES! I like Value Stocks Selling At Deep Discount to Book Value.
It doesn't matter about lousy management, politic affiliation, racial or national bias.
Year back I bought Malton at 30 cents. In the AGM people were complaining that Directors paid themselves Millions while giving peanuts to shareholders.
I saw beyond the "fault" of Directors far into the Coming Prospect of PAVILION Being Built In Bkt Bintang.
Malton was SOLD DOWN Due to Corporate Governance. Today RHB has included Malton as One of Its Year 2014 & Year 2015 JEWELS. And Malton crosses RM1.00 with people hot on its heel. All are touting the excellence of Malton's management in Launching PAVILION 2.
Another Company with Corporate Governance, lousy management & and even the bad publicity of a divorce case is the MUI Group. I bought lots of PM Corp & Mui shares
Ben Graham has already stated that Securities are often sold down & avoided due to real or perceived problems. It was the real or perceive problems that CAUSED THE SELL DOWN.
And it is the mission of Value Investors to uncover these bargains and hold them till true value emerge someday.
In KLSE it is just too easy to follow popular opinion and make mediocre profits.
To really get 1, 5 or 10 baggers we must go the unconventional way of stock pickings and hold them tenaciously until the day of its reckoning.
And since Calvin looks for "Common Stocks With Uncommon Profits" he always pick unconventional stocks hated & misunderstood by the general market
One more thing about the "fear" of corporate governance
I bought IQ Group at 32 cents because I saw its HIGH NTA and Led Lights Potential. Later I saw Directors sending Millions & Millions into Mainland China for a new venture.
At the uppermost of my thoughts was, "Is this fella sending money to China so that he can siphon it away into his own pocket".
So I sold all IQ Group shares before 50 cents.
The avoidance of "lousy management" proved to be an ill conceived idea.
As I said before, "I am here to test out the investment theory of Walter Schloss"
It takes time, tough. In 3 to 5 years time my critics like anbz, jcool, mikekong55, newman, lazadat, chrischan, MrTigershark, sangjero, hjey might all have disappeared.
In year 2006/7 when I picked Perak Corp at 60 cents, Kfima at 35 cents & Muda at 32 cents & KPS at 42 cents there were critics & naysayers. Many also went bankrupt chasing balloons of those times like saag, transmile & megan media.
Sigh, the investment path of Value Investing is a very lonely one. I can understand Walter Schloss much better by now.
Calvin, though I may have differences with you in terms of your stock picks, I agree that the concept of deep value investing has been a proven one for the long term. The only problem of applying this technique is that you must have the psychological strength to stick to your guns in the long term.
hahahahah ... tat's is wat EVERIONE is counting on ... meaning the market alredi factor in all tis art of money printing ... they forget about france defloating currency, china banning margin trading, malaysia flooding asset wiping, oil over-stocking, terrorism, laziness, demostrating, airplane falling, and mapping the indian ocean ... HAHAHAHAHAH ... dun worri ... those who fail to heed leno advise last october, last november, last december has been suffering the effect ... dun believe ? just ask yourself mar ... got suffering effect or not ? no ?
Sorry.. never lost... from dec 2014 till now.. total profit 56k. When the market big drop I buy.. then profit again few round . Dec 1, Dec 16 is the lucky day..mayb u lost so u desperate already gua?)= , u did play contra? Usually lost money is people who dont have $$ to hold..coz jus wanna contra.. so my advise.. no $$ dont play contra lor
annmix ... i think u in the wrong group ... tis is value investor tok kok group ... whereas u are suppose to be in contra trader tok kok group ... u dun understand wat kok i tok ... and i dun understand wat kok u tok ... have some descency to get lost okay ... noting personal.
I disagree.. all the problem u mention jus now are the opportunity to make money... even aircraft missing I still can profit from Airasia n AAx.. buy when people fear n throw. Mayb yr tectic is to scare people to panic sell.. so u can make money n laught at people who stupudly panic sell to you..many people like u n this i3 forum..
Oh well... u are the one contra n no money to hold stock thats why u lost money.. here we are in discussion not talk kok. If u cannot accept people make $$ that is your moral problem... not all investor here are stupid. Everyone has their own trading strategy.. u are already personal attack so u are the one who are jeoloys with people disagree with you
Then u can cccc yourself la haha... we still making profit now so we are very sang n huat till chinese new year !! Mayb the counter u buy n the counter I buy is totally different..
we are all playing shares ... and onli reason we play share, is because we believe we can profit from shares ... and we profit from share onli if share go up. SO, basically we would have BIAS to believe share market will go up one and usually lead to bearish blindness. Take calvin tan for example ... u always see him make stori about making tons of money in insas lar, perak copr lar, lcth lar ... HE DIDN"T EVEN BOUGHT ANY INSAS or LCTH SHARE !! Yet, his memories TRICK him into believe he did buy. And if u ask him about BJCorp,he could onli remeber he sold off at 54.5 but totally forget about his averaging down from 56, 54, 50, 48, 46, 44, 42 ...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
林俊松
6,930 posts
Posted by 林俊松 > 2015-01-19 15:01 | Report Abuse
leno, KLCI index will up or down?
I pump all money into put warrant already.
=(