Highlights

THE INVESTMENT APPROACH OF CALVIN TAN

Author: calvintaneng   |   Latest post: Thu, 27 Jun 2019, 11:00 PM

 

GREATEC = GREAT-TRAP OR GREATER FOOL TRAP? SEE ARTICLE BY DR NEOH ON GREATER FOOL, Calvin Tan comments

Author:   |    Publish date:


Hi guys

Last time when Sumatech was 50 sen Calvin warned about the danger of riding on sumatran tech tiger. Many paid little heed to Calvin and they said, "When Calvin say buy you must sell". And when Calvin called for a sell on sumatech you must buy"

And buy they did and chased sumatech to a high of 70 sen. Then?

Then sumatech turned into sudatrap and crashed bang, bang bang all the way down to only half sen. At best sometimes sudatrap trades at only one sen. So all who chased sumatech kena sudah trapped!!

Now we have a new fangled peril called GREATEC OR GREAT TRAP OR GREATER FOOL TRAP

WHAT IS THE GREATER FOOL THEORY (LOOK AT CALVIN PAST ARTICLE)

BY THE WAY, PEOPLE SAY CALVIN RECOMMENDED MANY STOCKS (BUT DO YOU KNOW THAT CALVIN ALSO WARNED AND WARNED ABOUT MANY CON MAN STOCKS ALSO.

THEY WERE TRANSMILE = TRANSFER YOUR SMILE TO CHEATING DIRECTOR

LIQUA = LI (YOU IN CANTONESE) QUA (DIE IN CANTONESE)

SAAG = SAGGING ALL THE WAY DOWN TO ZERO

SUMATECH = SUDATRAP

PATIMAS

AAX 

XOX = DOUBLE SCISSORS CUT HEAD

VSOLAR = VERY SOLAR OR VERY STUPID

DOLOMITE = DYNAMITE THAT BLASTED SORCHAI TO PIECES

COMCORP = CON MAN CORP

SEACERA = SEE DIE LAH

SENDAI = SEND DIE

JAKS = JAWS

LIONIND ( JAWS 2)

DUFU OVER RM4.00 (DO FOOL)

ELSOFT (ALL SOFT SOFT NOW)

TEKSENG (BIG HEAD SENG) THIS SOLAR STOCK PUMPED TO OVER RM1.00 AND CALVIN GAVE WARNING.

"WAHAHAHA" OPPOSED CALVIN AND BOUGHT MORE TEKSENG AT RM1.00. HE EVEN AVERAGED DOWN A FALLING KNIFE  (TEKSENG LATER CRASHED BY MORE THAN 70% AND "WAHAHAHA" DISAPPEARED)

IFCA (IF FALL C (DIE) ARGHH) IFCA GONE TRIPLE LIMIT DOWN FROM RM1.80 TO 25 SEN

SO MANY OTHERS CALVIN GAVE  WARNING (WHERE IS STUPID 3iii & PHILIP (NEVER GIVE A WORD OF WARNING?)

AND NOW THIS UNPROVEN GREATEC OR GREATER FOOL TRAP

SEE THE FULL STORY

'THE GREATER FOOL THEORY By Dr Neoh Soon Kean (Excerpts from STOCK MARKET INVESTMENT), Calvin Tan comments

Author:   |    Publish date: 

 

 


 

This is an excerpt from STOCK MARKET INVESTMENT In Malaysia And Singapore by Dr Neoh Soon Kean, the Benjamin Graham of Malaysia. Year of printing 1985

 

THE GREATER FOOL THEORY (Page 67 Last paragraph)

This is a theory that is usually very popular during the immature phase of a stock market's development. More of the followers of this theory are not aware that the trading system which they believe in goes by this peculiar name. From the stock market's behaviour during the past three booms, we can say that many Malaysians/Singaporeans appear to be strong supporters of this theory. This theory was very popular in the US during the 1920s but since then, it has fallen out of favour even though pockets of true believers still appear from time to time.

 

    In essence, believers of this theory hold that stock prices are not dependent on anything tangible but rather dependent on the continual appearance of more people who are willing to purchase the stocks at an even higher price {these people are the so-called 'greater fools'). Thus, it neither matters what price one buys a stock nor that the stock's price is ridiculously high by any normal standard of measurement. Thus the believers of this school of thought hold the view that whatever stock one buys can always be sold at a higher price because there will always be greater fools than themselves. Thus, it is fine to buy MUIB at $24.00 because there will be another person foolish (or brave) enough to pay $26.00 for it. Believers of the greater fool theory never for a minute think that the supply of fools will be exhausted and that they may be the final purchaser before the crash.

 

   During every stock market boom, there are usually a large number of believers of the greater fool theory and some of them actually make a lot of money on the way up. Some of them get out in time by finding some greater fools to take over their hot potatoes in the nick of time but many find that they themselves end up as the greatest fools because there is no one else willing to bid up the price anymore. Needless to say, the Greater Fool Theory is a much discredited one among academics and most professionals. But it still finds many adherents. Why is this so? Everyone is having too much fun, (that is, making so much money) on the way up that they do not want to leave the market. George Goodman, writing under the pen name of 'Adam Smith' has this wonderful parable to explain how people are caught up in the web of the Greater Fool Theory and do not know when to get out.

 

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.'

 

Calvin comments:

This greater fool theory could be applied to stocks like IFCA, Sumatech, VSolar, XOX & others

I have people telling me I missed IFCA on the way up. Calvin does not go gambling in casino Greater Fool Type of Stocks.  And how they missed a fortune on the way up  due to my warnings.  And how they finally lost all their 'profits and all their capitals' for overstaying. Now I am not here to tell you how to punt or gamble. I am here to warn of a Greater Fool Stock.

All will have to be responsible for your own actions in investment. 

 

LATEST ADDITION TO GREATER FOOL STOCKS ARE HENGYUAN

 

See the Pump & Dump of Hengyuan

 

 

HENGYUAN REFINING COMPANY BERHAD (4324)

Company Website 
Annual Report 
General Meetings


HENGYUAN REFINING COMPANY BERHAD (4324) Chart
Chart Period:
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Greatest Fool who chased Hengyuan from Rm17 to Rm19 will be stuck up there for a very long time.

The Opportunistic Fools who bought the Falling Knives of Henguan from Rm15 down to Rm10 are also stuck in limbo!!

 

Now the Greater Fool Stock is Jaks

See

JAKS RESOURCES BERHAD [S] (4723)

Company Website 
Annual Report 
General Meetings


JAKS RESOURCES BERHAD (4723) Chart
Chart Period:
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Greatest Fools who chased Jaks near Rm1.80 will be hung up there for a very long time

 

Now in progress are Many Opportunistic Fools who bought the falling knives of Jaks from Rm1.50 to Rm1.00 will also be caught & stuck in limbo later when price of Jaks return back to its true level

 

So take care

 

Calvin Tan Research

 

 

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Labels: GREATEC

Related Stocks

Chart Stock Name Last Change Volume 
GREATEC 1.10 +0.01 (0.92%) 1,463,700 

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kelvin sohem, buy stock hope the price go up and sell.

those no sell hengyuan at high, is their own skill problem

that simple

not like ur call on destini and t7, all holland --. FACT
20/06/2019 9:38 AM
MrFox kelvin, agree !
itu olang retard!!!
20/06/2019 9:38 AM
kelvin why calvin is a sore loser ?

in 2014, when ifca up from 7 cent to 1.8, many people are laughing to the bank,

but there is 1 sifu called calvintaneng every day bash ifca said is a trap bla bla bla ... in fact people all sell the shares into real cash, but this sohem calvin go and buy stocks like bina puri, bjcorp all loss him like mad ... --> FACT
20/06/2019 9:41 AM
kelvin calvintaneng, stop pretend you are investing master.

you are just a shit i3 lousy member only.

destini buy called 0.33, now 0.255
bjcorp buy call 0.6, now 0.26
t7 buy call 0.55, now 0.44
bina puri buy call 0.5, now 0.18

see all you buy call, all holland, and you dare to talk bout greatec ????

ipo 0.6, now 0.9, what you want ???
are you retard ?

FACT
20/06/2019 9:43 AM
calvintaneng Hahaha

In Ifca forum there were over 50 people who clicked likes

Of these over 50 people how many bought cheap and managed to sell high and escaped?

No leh?

Once inside all caught up by greed like taking drug and cannot let go

They were all looking at Rm2.20 because Cimb Ib said if a will go to Rm2.20

So they held on to the very end and finally got slaughtered one by one and died there

Of the 50 over people who clicked likes in Ifca only less than 1% survived and still active in i3 forum today

Champions of Ifca over Rm1.50 like nancytang and crischan have disappeared long ago

So many more who made at first lost all profits later for overstaying in a greater fool stock

Some even lost a huge part of capital later and cannot recover until now
20/06/2019 10:27 AM
calvintaneng In a greater fool stocks as well as in cyclicals there will be 3 patterns

1. Made a little

2. Made a lot

3. Finally too greedy and overstaying. Made a loss

Be like Bernard Baruch who sold and and escaped the great depression

When he was asked how he managed to escape the Great Depression and prospered

He replied, "I sold too early"

Yes, in greater fool type of stocks better sell too early than too late

The ones greedy for the last dollar or last 10% to 20% upside usually get caught by sudden downdraft
20/06/2019 10:40 AM
calvintaneng And these fools after buying at the top and having lost 10% will hold on tightly till the very end when prices retraced by as much as 90% from peak prices for being unable to cutloss or let go

So greed kills many
20/06/2019 10:42 AM
kelvin those fools that follow calvintard to buy destini, bpuri, t7, bjcorp all holland like mad now.
20/06/2019 11:32 AM
calvintaneng Look at the endings lah

When you go see a movie

Don't jump to conclusions how it will end

What started well like transmile and Megan media ended badly

But for many of Calvin 's stocks like

Super Enterprize
Tmakmur
Kulim
Weida
The store
Daiman
Lafarge

Their story ended well later

And they live for ever happily
20/06/2019 11:40 AM
calvintaneng So happy to buy value stocks on the cheap

And avoid all high flying hot air balloon stocks which will crash back to earth again without fail

So stay safe

Calvin = Call win
20/06/2019 11:42 AM
calvintaneng Apolloang Penang lang Bo Loh aing
Sukah puat kiaw

Puat kiaw puat kiaw su leow leow

Wah uh long sim kah Lu kong
20/06/2019 12:13 PM
PotentialGhost Wei sohai dufu got bonus issue , you no need adjust? After reading your article I feel I instant become fool .
20/06/2019 12:40 PM
calvintaneng Oh yes I forgot because of bonus they jacked up dufu to Rm4.00

After ex price crashed to Rm1.60?

Bonus also no use loh!

NOW GO TELL PHILIP KPS PRICE MUST BE READJUSTED DUE TO

SPECIAL DIVIDEND OF 32.6 SEN

NORMAL DIVIDEND OF 4.25 SEN

MANY MORE YEARS OF FUTURE DIVIDENDS
20/06/2019 12:53 PM
Veron_teo sohem Calvin tard talk other share but his call all Holland.
20/06/2019 12:57 PM
calvintaneng Veron also trapped in greatec?

Better sell greatec and switch all into masteel now
20/06/2019 12:58 PM
(S=QR) Philip Calvintaneng lives in his own bubble world, whatever people say he will just rebut with his own made up answers. It's ok, we pull him down to reality, whenever his ego comes up and he talks bullshit, we just repost his 2019 promoted stocks portfolio into his face and bring him back down to earth.

His portfolio here.

https://klse.i3investor.com/servlets/pfs/123029.jsp

I am too lazy to compile his 2018,2017 etc, but will do every time from now on whenever he open his mouth.

Too much bullshit from a harvest city pastor.
20/06/2019 7:00 PM
Trouble Huat once share promoted by calvin non stop, we should run and dont invest that particular share . once share being badmouth by calvin, we should aim because it sure go up. haha
20/06/2019 7:29 PM
calvintaneng PHILIP PHILIP

NAIM AND LAFARGE ALREADY MADE 100% IN THEIR UPCYCLE WHILE YOUR QL (QUICKLY LOCK UP) STILL STUCK RANGE BOUND

AS FOR KPS YOU FORGOT IT GAVE

32.6 SEN SPECIAL DIVIDEND
4.25 SEN NORMAL DIVIDEND
20/06/2019 7:37 PM
(S=QR) Philip Short term thinkers and long term investors are two different worlds. What is the 5 year track record of QL Vs naim and lafarge?
20/06/2019 7:48 PM
FamousAmos Post removed. Why?
20/06/2019 8:21 PM
FamousAmos Post removed. Why?
20/06/2019 8:22 PM
calvintaneng Yes ah?

These are also Chun chun calls

Super Enterprize. Up 200%
Pohuat up 200%
Silk up 200%
Tmakmur taken private
Kulim taken private
Weida taken private
Daiman taken private
TheStore taken private
Wangzng. King of fortress
Lafarge up 100%
Padini up 100%
Supermax up 100%
Pm Corp 3 times up 100%
Curimin (currymee) up 100%
Naim double In price and the limit up
Azrb at 35 sen. Up by 50%
MyEg. My Emas gold. Up 100%
Ipmuda. Limit up. The leaping lizard
MUI bhd up from low of 12 sen to 24 sen. Up 100%
Daiman or diamond taken private
Drb up 100%
Tawin big win. Up 100%
Drb c30 up 200%
Kkb. Kaboom Kaboom booming.
Pantech. All tech
Prestar or pre star at 45 sen. Up 200% in upcycle
Masteel at 66 sen. Upcycle was rm1. 80
Jaks at 40 sen. Jaks jumped jumped over RM1. 80 up 400%
Rcecap at 80 sen. Best of ah long. Up 100% to Rm1. 60
Dutaland at 39 sen. After divvy now only 29 sen cost

So many others chun chun calls in their cyclical upside

Check them all out in their respective treads

So many up from 100% to 400% and more than half dozen taken private. So far not even one delisted yet or go bankrupt


STOP PRESS

CALVIN RECOMMENDED AJIYA AT RM2.25

AJIYA ( A JUMPING YA!) UP 100% TO RM4.50 & SPLIT
20/06/2019 8:33 PM
abertk25 calvin delisitng soon
21/06/2019 10:14 AM
witchslayer yah gah. Calvin selling koyok gah. so many koyok brand gah.
21/06/2019 12:29 PM
apolloang jealous and sour grape pastor,pray to god what for if had ill feelings.better pray to devil.....hahaha
21/06/2019 12:36 PM
calvintaneng Apollo

Not sourgrape

Kind-hearted concern less people get caught in greater fool stock later go bankrupt

You better read this www.chick.com
21/06/2019 2:46 PM
apolloang me also concern for those who bought your sasbabi,butaland,T7,jcy and many more
21/06/2019 3:39 PM
kelvin those who follow calvintard to buy destini at 0.33, t7 at 0.56, bjcorp at 0.6, dutaland at 0.6, binapuri at 0.4 all taste the feeling of trap set by calvintard
21/06/2019 5:49 PM
kelvin he keep talked other shares a trap forgot that his call all trapped and holland.

such an idiot.
21/06/2019 5:49 PM
kelvin calvintaneng
27358 posts
Posted by calvintaneng > Jun 21, 2019 2:46 PM | Report Abuse

Apollo

Not sourgrape

Kind-hearted concern less people get caught in greater fool stock later go bankrupt

---------------

retard, those who follow ur call buy destini at 0.33 also bankcrupt now.
21/06/2019 5:52 PM
calvintaneng Don't you know the difference between Calvin picks and others

Calvin picks all backed by margin of safety

So can go down but also can go up again in their cycle

As for other hot air balloon without Net Cash or Net Asset support?

Once they go down like sumatech, Transmile, Megan media, patimas, saag or other High flyers they cannot go back up agaim

Hohoho!
21/06/2019 5:54 PM
Haw Liao datuk sifu calvin...

i have to agree with u...

buy below intrinsic value, wait and sell when over priced...

u are a true value investor...

cheers...

but im a speculator hahaha
21/06/2019 11:32 PM
Haw Liao life is too short to wait...
21/06/2019 11:33 PM
calvintaneng I am happy to hear Haw Liao affirmation

"u are a true value investor"

Calvin say, " Many thanks"

I shall be very, very, very happy to stay the course as A Value Investor all my life

Hallelujah

Amen and Amen!!!
22/06/2019 12:12 PM
Veron_teo that's why calvintard never earn from stock market. sohem investment
22/06/2019 12:32 PM
Veron_teo Calvin tard you Give 100 stocks, 2 up 98 down and you think you are stock god. damn sohem. go church more and stop give buy call.
22/06/2019 12:33 PM
calvintaneng VALUE INVESTING IS THE ONLY PROVEN WAY OF SUCCESS LONGER TERM

IT STARTED WITH THE GREAT BENJAMIN GRAHAM

FROM BEN CAME FORTH

WARREN BUFFET (BEN BEST DISCIPLE)
WALTER SCHLOSS
SETH KLARMAN
HOWARD MARKS
DR NEOH SOON KEAN (MALAYSIA BEN GRAHAM)
Dato' Seri Cheah Cheng Hye, VALUE PARTNERS (HONG KONG BEN GRAHAM)

SO MANY MANY OTHERS

MANY ARE BILLIONAIRES TODAY
22/06/2019 12:38 PM
Veron_teo value investing? destini earn so less you Dare tell people is valie investing?
22/06/2019 1:47 PM
Veron_teo bina puri such lousy construction company you said value investing?
22/06/2019 2:13 PM
Veron_teo calvin tard, in the name of Jesus, stop Holland people with your rubbish call.
22/06/2019 5:15 PM
Veron_teo there are many poeple go bankrupt after bought destini t7 , binapuri, dutaland, bjcorp
22/06/2019 5:16 PM
calvintaneng Veron_teo

You must look at Calvin stock picks in total. Not just cheery pick a few non performing ones

If any one had bought these at Calvin buy calls they would have done better

1. Super Enterprize up 200%
2. Pohuat up 200%
3. Jaks up 400%
4. Drb c30 up 200%
5. Silk up 200%
6. Ajiya up 100%
7. Pm Corp up 100% 3 times
8. Drb up 100%
9. Lafarge up 100%
10. Carimin up 100%
11. Rcecap. Best of banking (legal ah long) up 100%
12. Naim up 100%
13. TAWIN up 100%


These ones taken private

Tmakmur
Daiman
Thestore
Weida
Kulim

Many many many up by 30% to 90%

More than 70% up and some breakeven

Check them all out
22/06/2019 7:07 PM
kelvin lol,

i called ifca at 7 cent, those who sold at 1.8 are laughing to the bank

me 1 stock already kill die you
24/06/2019 9:12 AM
Veron_teo Jesus no teach you don't bluff people calvintard?
24/06/2019 9:12 AM
Veron_teo BTW, call only. who don't know. call and no buy. everyone know. lol. sohem
24/06/2019 9:13 AM
kelvin sohem, greatec above 1.0 again. and your calls still sink like mad such as asb
24/06/2019 4:20 PM
apolloang take uzma comparing with greatec…..hahaha
24/06/2019 4:27 PM
calvintaneng How come all so baby?

If great trap so good then just go sailing there lor!
24/06/2019 5:48 PM
calvintaneng Later what the Great trap door is closed then cry father and cry mother also no use.

Go ask those water fish caught in ifca above Rm180 and sudatrap trapped above 70 sen
24/06/2019 5:50 PM
moneypedia sini ala yual kuih tard ka. manyak sidap kuih tart loh
25/06/2019 10:25 AM


 

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