Just to make it clear, I don't necessarily think that the owners are the perpetrators of a pump and dump. They merely realize that the stock is way, way overvalued and see a good avenue to make a ton of money. So why not? I would do it too if the stupid market greatly ran my stock value up for no good reason.
A lot of newbies here have not seen the 2nd Board crash, tech bubble burst, or even US subprime crisis. They just think the easiest way of making money is punting on cheap low quality counters.
true. dont say not good about this and that ... unless her/his intention is to ask people to throw at big vol ... so that the price will go down & he/she can collect more again at much lower price ... hihi
Ayamtua a great comment with so much points. Add one more points, buy at low and if run also can be faster. PUC still making profits company . So long run should not be problem.
I know about tech bubble burst and US subprime crisis, or at least experienced Aug 2015 oil price crash. But I don't know about ace market crash. May I know when the 2nd board crash happened? I wanna research abit. Ty.
Unicorn. 2nd board counters are not ace market. The run-up of these 2nd board counters were ridiculous. Some even went as high as Rm50. 1995 was the year of 2nd board counters. It crashed in 1996 when a lot of insider trading were taking place. Then came 1997 Asian financial crisis which spell the doom of those counters. Never recover. MCL, KPSD, Bescorp, Repco, etc all no longer here.
The older we get, investing long term becomes less of an option. In this context (of getting old), KYY has the best solution - invest in companies that continue to make profits every quarter. Probably, what his doctor ordered.
I think it's not the matter of old but fund. If I have the fund as much as KYY or may be less, I am confident I can make more money from this share market. I have proven with the little fund I have where I made about 200% (very much better than interest from fixed deposit in any bank) within two to three months, but alas small amount only because of small fund. I just need to buy certain counters which we are sure won't go burst and have punters deal in, meaning not quiet one. Buy in a lot and don't need to wait the price to move up too much but a few sens even 0.05 sen then sell off to make profit . If the price is not moving up just pick up the shares and wait for it to move up some days where definitely it will happen and come one find day. However one must has discipline to wait.
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....
greatful
1,644 posts
Posted by greatful > 2017-03-24 21:03 | Report Abuse
You know how they work lah, this is not new style. win win for both side, fishes may not be the victim but victim certainly will be fishes