30 million shares @ $3 = $ 90 million, borrowed $ 45 million, equity $ 45 million 30 million shares @ $ 1.60 = $ 48 million, equity $ 3 million
if every thing is sold at $ 1.60, u lost 90% of your wealth ( equity) at $ 3. ........this assumes u have borrowed to the limit ( $ 45 million ) at $ 3 ..................
this is you lost 90% of your wealth at $ 3............not 90% of capital at beginning of operation...........
y Yu_and_Mee > Apr 23, 2020 8:33 AM | Report Abuse
Main reasons are because he is wealth and having huge group of "students" to "follow" him. Anyone has the criteria also can be successful like him ==========
but u must also choose the stock which has flavor of the month.........
Posted by CharlesT > Apr 23, 2020 8:38 AM | Report Abuse
anyway i prefer Group B...unless u think Covid 19 will be here for a long long time ==========
and that is the point of the article...........I do think the virus will be here for a long long time..............
u see........gloves under performed the market in the initial stage of the recovery ( I also surprised and suffered through it) and only out performed when people started to realise the virus will be here for a long long time...........
Go for the glove manufacturers underperforming and not overvalued counters. TG and Harta has jump 30% in valuations. KYY golden rules low PE, upward trend, 2 consecutive qtr reporting profits, turnaround counters still applies. just my personal view
lost 90% of investment fund , also dare to show his face, may be want to share the lesson so that more people can follow and also loss 90% of their fund.
"The brilliance of KYY" is illuminating as it show that old bad habits r hard to get rid off. In concluding that brilliance lies in being too simplistic, Mr Good Attitude now aspire to follow his idol's perceived approach & simplify 2 grps of stks, A & B, to choose frm, in expectation of a U shape recovery. As expected, He will follow his idol's perceived choice of grp. A stks.
It does not cross his mind, that he could have perceived inaccurately, the actual thinking of his idol, n may again sadly made a wrong choice, that to him, is a right one, since his idol has done likewise.
Is an idol/ hero /mentor a boost or a curse to one's investing approach ?
Would it better for Mr. Good Attitude, to get rid of his bad habit of being influenced by his idol's perceived choices and start being his own man ?
Would it help, if he face up to the fact that that no one really knows what is ahead, n learn to deal with the inherent uncertainty n contradictions in stk market ? Maybe "i dont know", could be the needed trigger to get our rusty brains n dimmed eyesight awake n alert to observe what is actually happening,before the real brilliance solution that is useful can be derived. kikiki...
Stay with Group A { covid 19 pandemic needs a long time to go away } medical supplies usage increased 10 times based on what our DG explains. face mask and hand gloves are all part of PPE
Ah Koon is not an investor, Ah Koon is a brilliant stock strategist and manipulator and everyone knows the fastest way to make money in Bursa is from pump and dumps. To be successful, Ah Koon has many operators to carry out his will. And he had already accumulated a lot money from his previous career and investments in HK market in the late 80s before he enter Bursa to carry out his strategies.
charles...Jaks was done during a period the market was listless and otherwise no direction, no special flavors. The best he could have done is play golf or cycle but he says he too old for that.............He should have taken a rest from stock market but he says that would be like taking his life away.......so how?
xinquan....is when Chinaman out smart our Malaysian brilliant man........
You old farts including the commenters above are clueless idiots. Just like the kid in matrix, do not try and bend the spoon, instead realise that there's no spoon, there is a third option, and that is to short
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....
qqq33333333
3,053 posts
Posted by qqq33333333 > 2020-04-23 03:34 | Report Abuse
How does the brilliance of KYY square with "I lost 90% of my wealth"?
well, some of you didn't believe him.
and Napolean was a brilliant man when he was conquering Europe....until his Waterloo.