PUMPING NINJA STOCKS & THE GREATER FOOL ARE THE SAME!!
We are all at a wonderful ball where champagne sparkles in every glass and soft laughter falls upon the summer air. We know, by the rules, that at some moment, terrorists will burst in through the terrace doors, killing many and scattering the survivors. Those who leave early will be saved, but the ball is so splendid that no one wants to leave while there is still time. Everyone wants to enjoy one more dance and sip one more glass of champagne. So everyone kept asking: "What time is it? What time is it?" We look around and find that all the clocks have no hands.
This may be a surrealist's way of describing the stock market but Goodman's parable has a great deal of truth in it. Of course, we know that in every speculative boom of the past, the 'terrorists' did come when most of the guests were still enjoying themselves at the ball. As 'Adam Smith' implies, nobody knows when a speculative boom will end but end it must for that is the rule. At every speculative boom, not many of the small speculators escaped with their gains made on the way up. Most of the smaller speculators known to me eventually lost all their gains and much more than what has been gained.
Some even lost a large part of their original capital. Thus on the next occassion when you happen to find yourselves at this type of a ball, try to leave early. The problem is that once one is caught up in the fun and games of the party, one is apt to lose touch with reality. Chances are that believers of the Greater Fool Theory will hang on to the bitter end, only to be slaughtered. It is better to miss a few dances or a few glasses of champagne than lose one's life.
In concluding this section, an anecdote about Bernarde Baruch, generally acknowledged to be the greatest stock traders of the 1920s is related. He was once asked how it was that he remained so rich while many of his contemporaries had declared bankrupt. This was his splendid answer: 'I always sold too early.'
According to Dr. Neoh, "A dividend yield of 12 per cent seems to be the floor below which most stocks will not drop".
In the Deepest Depth of the Lehman Brothers' Crisis after Bear Sterns & Lehman Brothers both gone bankrupt Warren Buffet bought into the safety of Goldman Sachs' Preference shares with guaranteed 10% yield.
Now take heed to Dr. Neoh's warning, "In sharp contrast, shares which pay low or no dividend at all do not seem to have any bottom and price decline can hit 90 per cent or more".
The characteristic of past bear markets like the Tulip Mania, The South Sea Bubble, The Great Depression of 1930s in USA, the Stock Market Rout of Asian Finacial Crisis in 1997/8 and The Lehman Brothers' Debacle of 2007/8 have witnessed many stocks & index crashing up to 90% or more.
Bursa Malaysia Securities Berhad had vide its letter dated 1 November 2023 granted an extension of time up to 31 March 2024 for the Company to submit a regularisation plan to the regulatory authorities ("EOT Approval").
Beware... 2month left and no concrete indi that the white knight really do something to save this stock. After March gonna be delisted if nothing happen. With new scandal involving Taib, just beware. Even CMSB go down today
WTF is going on? No sight of white knight but prince of darkness . Major Shareholder is seriously ill now and he appears to abandon ship for good.... Investors are crying now ..............
KUCHING: Polis mengesahkan menerima laporan berhubung kejadian bekas Yang di-Pertua Negeri, Tun Abdul Taib Mahmud dibawa keluar dari sebuah hospital swasta, di sini, tengah malam tadi. Pesuruhjaya Polis Sarawak, Datuk Mancha Ata berkata siasatan kini dijalankan mengikut Seksyen 336 Kanun Keseksaan iaitu perbuatan cuai sehingga membahayakan nyawa atau keselamatan orang lain. "Pihak polis kontinjen Sarawak telah terkesan satu posting tular membabitkan bekas TYT Sarawak, Tun Pehin Sri Abdul Taib Mahmud yang dimuat naik di media sosial. Sehubungan itu, pihak polis menasihatkan orang ramai supaya tidak menyebarkan perkara ini dan tidak membuat sebarang spekulasi," katanya dalam kenyataan, hari ini. Susulan itu, portal berita yang berpangkalan di London, 'Sarawak Report' mendakwa berdasarkan laporan polis yang dibuat oleh seorang doktor berkenaan, Abdul Taib yang sedang menerima rawatan dibawa balik secara paksa ke rumahnya di Demak Jaya, di sini, tengah malam tadi.
i dont think this counter can get out of pn17. White knight is indeed a scam to con money from investors. At the end, investor lost tonne of money and the counter get delisted from the market.
Please bear in mind that, the company can still operate as usual after delisted from bursa. Selling their cable or what sort ever. But the money of investors will never come back.
This is clear example of copying CFM guys. Make an announcement and press release regarding very big news to push the price higher. Bekir already disposed more than 10mil unit of his share via direct business transaction. I do believe he disposed the share to market using somebody else. Whoever bought at high and keep buying to average the price, i feel sorry for them. Hopefully there will be another rally to push the price but it is very unlikely. Macdx indicate no shark in here, only retailer and some hot money transaction. Good luck guys
the chart showing middle finger? what an.insult to.us. It looks like the private part of a man too, really celaka the operator cheat the money of investors, i curse them go mati lah this chinese new year
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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....
Joel77
33 posts
Posted by Joel77 > 2024-01-24 20:46 | Report Abuse
QR result out today