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kcchongnz blog

Author: kcchongnz   |   Latest post: Thu, 21 Jun 2018, 08:24 PM

 

How to get rich quick in stock market: kcchongnz

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In the public forums, we often read about “inspiring” get-rich-quick stories on some individuals who have hundreds of millions of margins accounts from different banks; Maybank, CIMB, Hong Leong Bank, UOB bank, OCBC Bank, RHB Bank etc. It is electrifying to hear that they always make many times the interest they pay for the cost of the margin finance. Yes, “Always” is the word, and the phrase “many times the cost of borrowings”.

Strangely, I have never heard of the phrase, “I have lost quite a lot of money in ? stock using margin account”.

Frankly, I have nothing against anyone who has had the above success, and it appears to be so as they have been boasting about their wealth all over the place. Congratulation to them. It is a democratic and capitalist country here and everyone is entitled to be rich, provided he obtain it by the legitimate way, and best if it is achieved through not immorally, although the latter is a tall order in our society.

However, I always like to present an alternative view, for those who are newbies and youngsters. Otherwise, I would not have done my social service in this respect.

Those who have been reading my articles would have noticed I have been a little “loso”, or repetitive in this topic of margin finance. For those who feel so, you may stop reading now.

The side of fairy tales I don't like is that they always have happy endings, that there's just good and evil, and things are perfect. But life is a little more complicated, and that's what I try to teach my kids.” Angelina Jolie

If you have read my article on the sharp drop in the share price of Hengyuan due to the margin calls and the damage it caused to those using leverage, as well as to those long-term investors, would understand what I mean and my intention.

In my last article published in i3investor in September 2017, “Margin Finance, EverSendai: A real time case study” below,

https://klse.i3investor.com/blogs/kcchongnz/133708.jsp

I have shown that punters using 50% share margin finance (SMF) would have lost 85% if they followed the clarion call of “sailang” Eversendai by the commentator below at RM1.37 when the share price dropped to 80 sen later.

[stockmanmy has left a new comment on your post "Margin Finance, Ever-Sendai: A real time case study kcchongnz":

sendai from 80 sen to 95 sen now...................
KC lousy timing, lousy business sense and lousy analysis.]

 

And if you follow him to “sailing” again at 90 sen then, would again lose another 43% at today’s price of 71 sen.

 

The Pros and cons of leverage

Many people do use leverage with the intention to enhance their return from investing in the stock market. For example, they can use RM100,000 of their own money and borrow RM100,000. The leverage ratio would be 2 to 1.

Table 1 in the Appendix shows the returns of your investment with different scenarios of total returns with a leverage ratio of 2 to 1. The interest rate is assumed to be 4.85%. The setup facility fee is assumed to be 1% and the two-way transaction cost of 0.8%.

Referring to Table 1, if one had bought Sendai at 65 sen one year ago before the various publicities appeared in public forums would have made 110% when the share price went up to its peak at RM1.37 half year later in June 2017. With 50% margin, he would have made 220%. Even if he had taken profit at 98 sen, or 50% above his cost of 65 sen, he would have made 96% return with the margin as shown in Column 1. How wonderful.

However, most punters are followers of the Greater Fool’s Theory and many would have bought the share at higher price, enticed by the numerous promotions in the public forums, only when the share price has gone up. Being human, they are greedy and wish to mimic the success of super investor of obtaining exaggerated return from Other People’s Money (OPM).

But what happens if you have followed the call to buy Sendai at its peak at RM1.37 and hold the shares until now?

Referring again to Table 1 in the Appendix, you would have lost 48.2% with the closing price of 71 sen now. But with 50% margin, your capital is totally wiped out and becomes zero.

What if some financial crisis happens and Sendai’s share price fell back to 40 sen like 10 years ago? Besides all your capital of RM100000 being wiped out, you still have to find about RM45000 to pay the bank.

The above examples are simplistic, as things like margin calls will come in, but it does show the peril or horror of using OPM. I know some have claimed that margin calls are great thing to happen to them.

You can’t blame anybody for you losses as usual. It is your own decision to buy and sell.

EverSendai is just one good example to illustrate the peril of using OPM. You can get killed too using leverage even in a seemingly good stock like Hengyuan recently. There are numerous other examples I can cite now, tens of them, even during this time when the overall market is nothing close to a financial crisis.

It’s great to borrow a cow and selling the milk, but not until the cow runs off. Now you’re stuck. You owe a cow and don’t have one to return, and no milk. The risk of leverage is investing that debt and losing what you borrowed, which can wipe out any profits, or even your entire capital.

I personally would never suggest to anyone to borrow and use margin to invest. I think it is a very irresponsible act.

Is the future knowable or unknowable? I feel I don’t know what the future holds and hence I will do differently; diversifying, not levering, staying high in the capital structure, and generally girding for a variety of possible outcomes.

Please be reminded that you will never get rich quick following my conservative approach in investing in the stock market. Do at your peril.

I would also like to reiterate that I have nothing against people making so much money using OPM. It is the prerogative of individuals. But I think one has to be more responsible when propagating it in the public forums to the naïve and uninformed, especially for those who are well respected in the society. It is none of my business too, but just like to kepo a bit.

“Borrowing money is a way of trying to get rich a little faster, but there are plenty of good ways to get rich slowly,” Buffett said. “And – you can – you can have a lot of fun while you’re getting rich as well. My partner, Charlie, says that there’s only three ways that a smart person can go broke. He says, ‘liquor, ladies, and leverage.” Warren Buffett

Getting rich quick using OPM only happen to a few percent of the players, mainly those syndicates, big time players and manipulators.  The majority has to get-broke-fast to feed those few who get-rich quick. There is no such thing as everyone will get-rich-quick in this game. Make sure you are the earlier and not the later.

Happy investing.

KC

ckc13invest@gmail.com

Appendix

Table 1: Returns with leverage

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  8 people like this.
 
stockraider I always argue with Kc on this margin thing loh...!!

If u r good in investment and find good stock with margin safety to buy, it is okay to use margin loh...!!
Just like if u r a good businessman & u have good project, it is ok to borrow mah...!!

Yes borrowing increase ur risk a little bit, but if u have a good project or stock and u have the right skill...u can offset this minor disadvantage of margin mah....!!

Those people who lose monies using margin in the long run, are basically not good investors loh....!!
Basically these people will lose monies, whether using margin or not using margin at all loh....!!

They lose bcos, their investment skill not good enough mah...not bcos using margin mah....!!

U need to be reasonable good in investment b4 u even consider margin loh....!!

ALWAYS REMEMBER TO USE MARGIN WHEN U R YOUNG AND NOT WHEN U R OLD LIKE, UNLIKE what KC SAYS LOH....!!
IF U USE MARGIN YOUNG...U LEARN THE ROBES OF TRADE EARLIER AND U have time to recover from any failure AND MAKE U A GOOD INVESTOR FASTER LOH....!!

CONCLUSION IF U LOSE MONIES DON BLAME IT ON MARGIN...JUST BLAME YOURSELF WHETHER U R GOOD ENOUGH LOH ??

LOOK AT YOURSELF & ASK WILL U STILL LOSE MONIES, IF U JUST USE CASH to invest LEH ??
19/03/2018 11:27
kcchongnz Raider,

Good to discuss with you again in this issue.

I got your point but I don't think you got mine.

Let me ask you this questions,if a youngster follows the persistence peddling of somebody to buy Sendai at its peak at about RM1.40 6 months ago, with say RM100000.

1) How much he would have left now?
2) How much he would have left with 50% margin, say RM100k of your own money, and another RM100k in margin.

You know lah. This stock was heavily promoted as having billions of contracts and sure make multi-million profit one. Sure win, so sailang. Make more money use margin.

Please do a calculation and show us the answer.
19/03/2018 11:42
stockraider In your example, Thats why i say...these people r not investing...they r speculating mah....!!

Beside this people speculating, they do not even have the right skill to speculate loh....!!

Yes KYY recommend...Sendai..as a good investor...u must do ur own research to confirm KYY findings mah b4 invest loh....!!

Yes even...if u like the story on sendai....should u commit 100% of your monies...in just one single stock or bet leh ??
IF u r willing to commit 100% of your monies in 1 single bet....there is a tendency u r a gambler & not investor loh...!!

So the target audience of those KYY convince are basically potential speculatosr cum gamblers and prepare to win big and have high risk to lose big in sendai mah....!!

Margin accounts should be use moderately....with proper diversification loh....!!

Let me explain this loh....!!
Suppose UR sugar daddy Genting boss to encourage u to gamble offer u extra odds loh...!!
Say Roulette there are 37 numbers...if u strike number they will pay 35 units to u loh...!!
But ur sugar daddy says to increase your odd of success this time i will pay 38 units...if u strike loh....!!
U have Rm 37000 in hand, should buy all your monies on one number or bet proportinately equal amount on every number leh ??

The gamblers will bet 1 single number and the investors will bet every number of the roulette proportionately loh...!!
This what i call risk diversification for investor mah...!!

The conclusion ensure sure win bets but gamblers wants win big bets mah....!!

Posted by kcchongnz > Mar 19, 2018 11:42 AM | Report Abuse

Raider,

Good to discuss with you again in this issue.

I got your point but I don't think you got mine.

Let me ask you this questions,if a youngster follows the persistence peddling of somebody to buy Sendai at its peak at about RM1.40 6 months ago, with say RM100000.

1) How much he would have left now?
2) How much he would have left with 50% margin, say RM100k of your own money, and another RM100k in margin.

You know lah. This stock was heavily promoted as having billions of contracts and sure make multi-million profit one. Sure win, so sailang. Make more money use margin.

Please do a calculation and show us the answer.
19/03/2018 12:03
kcchongnz Raider, thanks for your response.

Let me ask you another question, a similar one.

If a young man was convinced the use of margin by someone on the "stock on the century" in Hengyuan, and he was convinced to sailang with his saying of RM100000, and with another RM100000 from the bank, at the peak of euphoria a few months ago when HY was trading between RM17 to RM19.

How much is the leftover now,

1) with his own money
2) with the margin?

I am sure you agree this was a sure make-big-one-stock a few months ago.
19/03/2018 12:15
Jon Choivo stockraider,

I do use leverage, but not margin.

Mine consist of essentially 3-5 year loans from investors. With maximum personal leverage of 50%. Ensuring that i can pay them back without ever having to sell my stocks.

When you use margin, you allow others to dictate when you sell the stock and at what price. Not a good idea imho.

And if you look at 2008 crisis, even berkshire lose 50%. Anyone with a margin of just 1X (can go up to 3x). Die already, it they cannot meet the margin calls.
19/03/2018 12:18
Jon Choivo Just because the expected value is positive. Does not mean you should buy it.

Russian roulette have a EV of 83%! but if you die one time, means gone.

Just avoid points of ruin. And Margin is one of them.

You can diversify all you want. But in crisis, correlation goes to 1. Everything drop for you to see. All the industries etc. At that time, only question is this.

Can you hold or top up? If cannot. Gone case.
19/03/2018 12:22
Ricky Yeo There's no point talking to him. He is overconfident, doesn't understand complexity and nonlinearity and have no appreciation for the unknown. Those that normally gets killed in Black Swan.
19/03/2018 13:47
stockraider KCHONG....U R BARKING ON THE WRONG TREE LOH....!!

NOTICE UR EXAMPLE IS THAT THE YOUNG MAN IS "CONVINCE BY THAT SOMEBODY" TO USE MARGIN TO BUY SHARE LOH....!! BUT IF I SUBSTITUTE THAT YOUNGMAN IS CONVINCE BY SOMEONE TO BUY SHARE USING " CASH"....THE END OUTCOME THAT YOUNG MAN WILL LOSE MONIES WHETHER HE BUY USING CASH OR MARGIN LOH..!!

YES I WILL AGREE THAT YOUNGMAN WILL LOSE MORE, IF HE USE MARGIN TO BUY LOH...!!
BUT THE KEY IS THAT YOUNG LOSE MONIES BCOS LACK OF FINANCIAL SAVVY & NOT BCOS OF USING CASH OR MARGIN TO BUY MAH...!!

AS I SAY U NEED TO TARGET FINANCIAL SAVVY & NOT BAD MOUTH MARGIN MAH..!!
MARGIN IS JUST A FINANCIAL TOOL LOH....!!

THE KEY IS THAT YOUNG GOT CON TOWARDS BUYING A STOCK LACK FUNDAMENTAL LOH....!!

SO DO NOT PAINT MARGIN SUCH A BAD LIGHT LOH....!!
19/03/2018 15:34
stockraider THIS I AGREE LOH....!!

UR ARGUEMENT ON A MACRO BASIS IS WHETHER SHOULD ANYONE BORROW ANY MONIES, TO DO ANYTHING LOH...'NOT JUST SHOULD U USE MARGIN TO BUY SHARE MAH'....!!

THE PRO OF BORROWING MONIES TO DO ANYTHING IS THE SAME AS USE MARGIN TO BUY SHARE MAH....!!

THE CON OF BORROWING MONIES TO DO ANYTHING IS THE SAME AS USE MARGIN TO BUY SHARE MAH....!!

THE ARGUEMENT OF BAD LIGHT OF USING MARGIN CANNOT BEING CONFINE ON SHARE ONLY LOH....!!

MY POINT IS ALL THOSE PEOPLE WHO HAD FAILED ARE THOSE THAT DO NOT KNOW HOW TO INVEST, NOT THEY USING MARGIN TO INVEST THATS WHY FAILED LOH...!!

THE PRO OF BORROWING MONIES TO DO ANYTHING IS THE SAME OF USE MARGIN TO BUY SHARE MAH....!!


Stockraider,

I do use leverage, but not margin.

Mine consist of essentially 3-5 year loans from investors. With maximum personal leverage of 50%. Ensuring that i can pay them back without ever having to sell my stocks.

When you use margin, you allow others to dictate when you sell the stock and at what price. Not a good idea imho.

And if you look at 2008 crisis, even berkshire lose 50%. Anyone with a margin of just 1X (can go up to 3x). Die already, it they cannot meet the margin calls.

PLS NOTE SOMETHING MARGIN CALL R HERE TO PROTECT U TOO, IT ALL NOT ALWAYS THAT BAD MAH...!!

JUST IMAGINE U LEVERAGE...WITH NO MARGIN CALL....WHAT IF U WRONGLY INVEST IN SAY XINGUAN LEH ??


Jon Choivo
967 posts
Posted by Jon Choivo > Mar 19, 2018 12:22 PM | Report Abuse

Just because the expected value is positive. Does not mean you should buy it.

Russian roulette have a EV of 83%! but if you die one time, means gone.
YES POSITIVE EV...UR REWARD TO BE ALIVE IS POSITIVE EV LOH...!!
BUT IF U FAILED....DIE LOH....!! WHY U PLAY THIS ZERO ADVANTAGE GAME LEH ?
INVEST USING MARGIN DIFF MAH...!! LOSE 2X AND WIN 2X...THATS IS FAIR MAH...!!
SO IF U NO GOOD BETTER DON BET LOH...!! EVEN BET WITH CASH ALSO NO NO LOH !!
LEARN MORE TO IMPROVE YOURSELF B4 U BET MAH...!!
IF U R GOOD BET 2X WINS 2X LOSE USE MARGIN....FAIR GAME LOH, ADVANTAGE TO U SINCE U R SKILLFUL MAH LOH..!!

IF U R LOUSY 1X WIN 1X LOSE, USE CASH TO BUY ALSO SHOULD AVOID MAH..!!

Just avoid points of ruin. And Margin is one of them. AGREE AVOID RUIN IF LOUSY BETTER AVOID INVESTING LOH...!!

You can diversify all you want. But in crisis, correlation goes to 1. Everything drop for you to see. All the industries etc. At that time, only question is this. THIS AGREE LOH...IF U USE CASH SAMETHING LOH..!!

Can you hold or top up? If cannot. Gone case. IN CRISIS SHOULD U HOLD..AND TOP UP ?? WHAT HAPPEN IF U R DEAD WRONG LEH ??
19/03/2018 15:54
qqq3 Everybody pretending they are Jesus or what?

Furthermore anyone who comes here are assumed to be of legal age and to trade according to their own ambitions.

if you don't want so much risk, then don't sailang / margin the high beta stocks......

if you sailang and margin a portfolio of blue chips....it would take more than a black swan to cause margin calls.....and even when margin calls occur...it is not the end of the world.....truly not the end of the world.
19/03/2018 16:14
qqq3 Lets look at the Hengyuan kakis.....these people mistaken low PE for safety, low PE mistaken as blue chips.....low PE as low beta

......well....they are mistaken.
19/03/2018 16:16
qqq3 on a theoretical basis as long as borrowing costs is lower than stock returns...you are supposed to go borrow.
19/03/2018 16:21
qqq3 there are many ways to to create beta...and also endorsed by the authorities ....and that includes sailang and margin...also includes call warrants and futures......

you see.....only your lack of ambition and the negative people stops you from becoming what you are capable of.
19/03/2018 16:31
stockraider u TALK LIKE A PRO WHY DON U SAILANG ON BLUECHIP NESTLE LEH ??
19/03/2018 17:10
Highfive Bread KC is being very cautious in his advice to newbies as they do not have the experience to jump into the deep end. The percentage of them succeeding in making money from borrowed money is slim. Didn't want anyone to be in debts, that is all. A lot of people can do it but of course there are those who cannot. At the end of the day be aware of your capabilities and your chances of succeeding. No one can stop you but be warned of the consequences of your failure. Think twice before you act.
19/03/2018 17:11
qqq3 blue chips have blue chip rules. When they don't follow the rules, shareholders can discard the shares.
19/03/2018 17:15
qqq3 what is this newbies oldbies?

everyone has a brain....use it.
19/03/2018 17:17
Why_ no loan from bank? If avoid margin but want to borrow like borrow money to buy house why cannot?

Posted by Jon Choivo > Mar 19, 2018 12:18 PM | Report Abuse
stockraider,

I do use leverage, but not margin.

Mine consist of essentially 3-5 year loans from investors. With maximum personal leverage of 50%. Ensuring that i can pay them back without ever having to sell my stocks.

When you use margin, you allow others to dictate when you sell the stock and at what price. Not a good idea imho.

And if you look at 2008 crisis, even berkshire lose 50%. Anyone with a margin of just 1X (can go up to 3x). Die already, it they cannot meet the margin calls.
19/03/2018 17:23
qqq3 force selling has saved as many people as it has forced people out before a rebound.
19/03/2018 17:54
qqq3 Forced selling protects the banks....it has also protected their customers from dropping further.........
19/03/2018 17:56
qqq3 forced selling can also be a welcomed intervention .....its lucky to have been forced to sell.
19/03/2018 17:57
arv18 you're right kc, should have posted my comment in here instead, for a more positive discussion...

basically, you could use any of your calls, Prolexus, Latitude Tree, ECS, Kfima or even BIMB-wa over the last 2-3 years and LOST money, either by buying such counter with cash OR using margin finance (including interest costs)...

imagine spending long nights doing all that Warren buffet analysis and STILL being stuck for 2 years+!

kcchongnz Posted by arv18 > Mar 20, 2018 12:10 AM | Report Abuse
Um KC, do you really want to go down this road?
Lets take a look at some of your calls
1) Prolexus - Down from ~2.60 to 73 sen today (nice steady downtrend for 2 years)
2) Latitude tree - 8.00 to 3.69 (2 Year downtrend)
3) ECS ICT - 1.78 to 1.14 (2 year downtrend)
4) BIMB-wa - 65 sen to 29 sen
Kfima, Plenitude
On and on it goes...


A reader with a little bit of intelligence would understand this article is about how to read and interpret financial statements, in particular he awareness of cash flow, and not to be fooled by accounting earnings.

I do share a lot of analysis in i3investors, scores if not hundreds of stocks, but purely sharing my analysis, and valuations. I have never made any "calls" to buy any stock.

Please lah, if you wish to comment, you are welcomed, but have some sense and contribute positively.
21/03/2018 05:57
kcchongnz What is this article about? Is your comprehension so bad?

This article is about advising the youngsters and newbies on the perils of listening to the touting of the use of margin finance in the stock market, to buy whatever shares, be in HY, Sendai or whatever.

It has nothing to do with any sharing of just a few stocks out of hundreds of stocks by anybody made 5 to 6 years ago.

Read more and think more,and hopefully your comprehension can improve.




Posted by arv18 > Mar 21, 2018 05:57 AM | Report Abuse

you're right kc, should have posted my comment in here instead, for a more positive discussion...

basically, you could use any of your calls, Prolexus, Latitude Tree, ECS, Kfima or even BIMB-wa over the last 2-3 years and LOST money, either by buying such counter with cash OR using margin finance (including interest costs)...

imagine spending long nights doing all that Warren buffet analysis and STILL being stuck for 2 years+!
21/03/2018 10:28
qqq3 kcchongnz Posted by arv18 > Mar 20, 2018 12:10 AM | Report Abuse
Um KC, do you really want to go down this road?
Lets take a look at some of your calls
1) Prolexus - Down from ~2.60 to 73 sen today (nice steady downtrend for 2 years)
2) Latitude tree - 8.00 to 3.69 (2 Year downtrend)
3) ECS ICT - 1.78 to 1.14 (2 year downtrend)
4) BIMB-wa - 65 sen to 29 sen
Kfima, Plenitude
On and on it goes...
===================


problem with kc approach to stock market....

not responsive to changes, no big picture, treats stock market as if it is a math problem.


...and bad timing.....every time, he come out with article talk bad about Sendai...Sendai jumps up.


each time KC comes out with bad article on Sendai, I make some money.
21/03/2018 10:35
kcchongnz Posted by qqq3 > Mar 21, 2018 10:35 AM | Report Abuse
problem with kc approach to stock market....
not responsive to changes, no big picture, treats stock market as if it is a math problem.
...and bad timing.....every time, he come out with article talk bad about Sendai...Sendai jumps up.
each time KC comes out with bad article on Sendai, I make some money.


Sure, I was very sure you made big money when I wrote about it a few months ago when it was RM1.37, and then when it was about RM1.10, when each time you sailang. Good on you.
21/03/2018 10:48
qqq3 kc.....every small cap stock.....those below $ 1 billion market cap....their P & L no stability. Today, Superlon, yesterday Poh Huat.

yet.....these are the stocks you and OTB specialize in and call your selves value investors based on PE and your maths .....you and OTB no shame?
21/03/2018 13:16
kcchongnz Posted by qqq3 > Mar 21, 2018 01:16 PM | Report Abuse
kc.....every small cap stock.....those below $ 1 billion market cap....their P & L no stability. Today, Superlon, yesterday Poh Huat.
yet.....these are the stocks you and OTB specialize in and call your selves value investors based on PE and your maths .....you and OTB no shame?


Me no shame?

From my various discussions with you, and whatever you write in i3investor, I can easily conclude that you know noting about accounting. But you claimed that you are a retired accountant.

From what I read from your comments, and a few posts you write, I can see you know nothing about investing. But you are damn good in PLP.

Hey, so old already still PLP like that, no shame ah?
21/03/2018 13:21
qqq3 Precisely because I am accountant and you an engineer...I assume OTB is also engineer....I call both you and OTB , Babies with new toys, the way you and OTB approach the stock market....

my approach.....come here...

https://klse.i3investor.com/servlets/forum/600151380.jsp


and tell your cult members not to keep deleting my posts.
21/03/2018 13:35
stockraider Yes u r an accountant but a rubbish accountant loh....!!

Kc is an engineer but a financial savvy engineer mah...!!
21/03/2018 13:40
qqq3 raider...you are even more naive than KC, at least you didn't ask money from people to learn from you.
21/03/2018 13:42
stockraider Raider already very rich mah, no need to ask monies loh...!!
Raider talk cock...for enjoyment loh...!!

Posted by qqq3 > Mar 21, 2018 01:42 PM | Report Abuse

raider...you are even more naive than KC, at least you didn't ask money from people to learn from you.
21/03/2018 13:49
kcchongnz Posted by qqq3 > Mar 21, 2018 01:35 PM | Report Abuse
my approach.....come here...

https://klse.i3investor.com/servlets/forum/600151380.jsp

and tell your cult members not to keep deleting my posts.


What a rubbish link you sent me with someone talking nonsense to himself!

You don't even know why so many people deleting your comments?
21/03/2018 13:54
qqq3 kc...You should go through the points one by one.....better than your maths.
21/03/2018 18:47
qqq3 Precisely because I am accountant and you an engineer...I assume OTB is also engineer....I call both you and OTB , Babies with new toys, the way you and OTB approach the stock market....
21/03/2018 18:49
qqq3 kc.....every small cap stock.....those below $ 1 billion market cap....their P & L no stability. Today, Superlon, yesterday Poh Huat.

yet.....these are the stocks you and OTB specialize in and call your selves value investors based on PE and your maths .....you and OTB no shame?
21/03/2018 18:50
qqq3 kc.....go write letter to Munger and your beloved Warren.....ask whether such small caps with their unstable P&L can qualify to be called value investing...whether they want some?
21/03/2018 18:54
qqq3 Post removed. Why?
22/03/2018 10:52
qqq3 On Sendai.....it will easily end 1H 2018 above $ 1.00

kc...you want to put your analysis to the test?
22/03/2018 11:45
Ooi Teik Bee Posted by qqq3 > Mar 21, 2018 01:16 PM | Report Abuse

kc.....every small cap stock.....those below $ 1 billion market cap....their P & L no stability. Today, Superlon, yesterday Poh Huat.

yet.....these are the stocks you and OTB specialize in and call your selves value investors based on PE and your maths .....you and OTB no shame?

Ans :
I measured my performance based on the amount of money I made from stock market.
Unlike someone, 100k also cannot raise to invest in stock market.
How to win big ?

theloneranger = stockmanmy = brightsmart = Helpinghand =qqq3

Do you feel shameful to appear here and attacked me ?
You compete with me and you lost to me.
My gain is 28.46% and your gain is 16.50%
Who is better in term of investment.
OTB is better than you (theloneranger, Brightsmart and qqq3)

Please read the below posting.

Thank you.
Ooi

Jan 2, 2017 05:54 PM | Report Abuse

@stockmanmy
Your remarks on me !!

Choose high risk stock.
Not diversified portfolio.
Do not know how to select stock.

I am just a lay man in the street, I choose the stocks base on my stock selection criteria.

The below are stockmanmy's pick and Ooi Teik Bee's pick based on the closing price on 29/4/2016.

Let us check the performance on 30/12/2016.

Bornoil 0.15 X 14,000 = 2100
CBIP - 2.25 X 900 = 2025
Ekovest - 1.42 X 1500 = 2130
Ecoworld - 1.29 X 1500 = 1935
Taan - 4.79 X 200 = 958
Jtiasa - 1.35 x 700 = 945
Total capital = 10093

Actual performance on 30/12/2016
Bornoil 0.18 X 14,000 = 2520
CBIP - 1.97 X 900 = 1773
Ekovest - 2.38 X 1500 = 3570
Ecoworld - 1.34 X 1500 = 2010
Taan - 3.95 X 240 = 948 (1 for 5 BI)
Jtiasa - 1.34 x 700 = 938
Total capital = 11759
Total gain = +1666 or +16.50%

My pick
Gamuda-WE - 0.995 X 4,000 = 3,980
Gadang - 2.08 X 600 = 1,248
Gkent - 1.71 X 800 = 1,368
Kimlun-WA - 0.705 X 1,600 = 1,128
Pohuat-WB - 0.675 X 2,000 = 1,350
WTK - 1.20 X 1,000 = 1,200
Total capital = 10,274

Actual performance on 30/12/2016
Gamuda-WE - 1.21 X 4,000 = 4,840
Gadang - 1.05 X 1500 = 1,575 (1 split into 2 and 1 for 4 BI)
Gadang-WB - 0.42 x 300 = 126 (Free WB)
Gkent - 3.04 X 1000 = 3,040 (1 for 4 BI)
Kimlun-WA - 0.67 X 1,600 = 1,072
Pohuat-WB - 0.775 X 2,000 = 1,550
WTK - 0.995 X 1,000 = 995
Total capital = 13,198
Total gain = +2,924 or +28.46%

Summary
stockmanmy gain +1666 or +16.50%
OTB - Gain +2,924 or +28.46%

I wish to post this record here for reference to avoid future argument. I want to talk on facts and figures only.

Thank you.
Ooi
22/03/2018 11:54
TanDavid88 loser to talk bad on winner.
Any shame on you, qqq3.

Stock performance is not measured based on the amount of bullshit or lies you tell in i3.
Show me your performance lah ?
22/03/2018 11:58
qqq3 otb...talk facts....

.....go write letter to Munger and your beloved Warren.....ask whether such small caps with their unstable P&L can qualify to be called value investing...whether they want some?
22/03/2018 12:04
qqq3 Precisely because I am accountant and you an engineer...I assume OTB is also engineer....I call both you and OTB , Babies with new toys, the way you and OTB approach the stock market....
22/03/2018 12:05
qqq3 volatility...OTB's weapon to attract new customers.

volatility works both ways.
22/03/2018 12:59
qqq3 otb...I dare say you know nothing about the true nature of the stock market returns until you have read....Fooled By Randomness.
22/03/2018 13:20
qqq3 kc.....every small cap stock.....those below $ 1 billion market cap....their P & L no stability. Today, Superlon, yesterday Poh Huat.

yet.....these are the stocks you and OTB specialize in and call your selves value investors based on PE and your maths .....you and OTB no shame?
22/03/2018 13:22
qqq3 so why kc and otb only interested in volatile stocks?
22/03/2018 16:42
qqq3 kc...you want to talk bad about get rich schemes but only interested in small cap stocks....a little bit weird.
22/03/2018 16:44
qqq3 just like internet sifu...this kc, otb..all same same....all targets volatility to gain a day's fame.
22/03/2018 16:54
brightsmart kc...hang pig head to sell dog meat?
22/03/2018 23:35
qqq3 kc....people who sailang Sendai since you wrote is doing well...

81 sen vs 70 sen previously.
23/03/2018 11:12


 

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