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  scenery Summary of chronological order of events that Ular/dragonslayer barbarously making chaos n messing up forum n deleting ppl's posts. Also her conning ppl to chase high in downtrend from Sept onwards. MARCH 2020; ULAR/DRAGONSLAYER in LAMBO hard sell NETX, she delete Invincible posts n cause his A/C banned, she also deleted her own posts to eliminate evidences: ------------- posted by Invincible > Mar 24, 2020 12:46 PM | Report Abuse diot dragone, NETX got no chance la, your cousin, conman calvin hardsell 10 mnths, only cause it to go lower and lower, all diehard following fled already, nobody believe him now.... ,just like scomies. Dont waste your time to hardsell NETX here la, no use one!! Posted by john1102 > Mar 26, 2020 12:46 PM | Report Abuse @dragon you damn noisy here, please go away and keep you mouth shut! ------------- Posted by sammmy > Apr 15, 2020 11:20 AM | Report Abuse Alibaba I agree with you. He use several account to bark in different forum. He is annoying. Barking everyday is his job. From sapura energy until lambo. Everyday barking kukuless kukuless, I don’t want to bother him. But he attacking me as well Drago slayer so many enemy. Lol ----------------------------- ULAR/DRAGONSLAYER help CALVIN in NETX: Posted by dragonslayer > Apr 7, 2020 4:27 PM | Report Abuse Aiyo...Calvin kor kor...bot from 1sen to 2sen mah..ave pun below 2sen mah...your hisab ada passed or not....lol...aiyoyo...kikiki Aiyo...yesterday..0.5sen up to 1sen..100% gain...today 1sen..up to 1.5sen...50% gain...mana mau find such blue chip in bursa leh...takda lor...lol...wakakaka...kikiki https://sgx.i3investor.com/servlets/cube/dragonslayer.jsp ------------------------------- Ular/dragonslayer sold at 2 cts; started to mess up the forum, making chaos with Netx ppl, n deleting ppl's posts who stop her. She listed those ppl's a/c n mess up the forum with those lists, hoping to buy back at 1 ct. Posted by $$$ ^v^ GOODLUCK ^v^ $$$ > Apr 14, 2020 5:02 PM | Report Abuse wow ! babydragonslayer earn 100% congratulation. --------------------------- JUNE - JULY 2020; ULAR as WITCHSLAYER in SAPNRG, SUMATEC, NETX; she deleted all her posts in Lambo: https://klse.i3investor.com/servlets/cube/post/witchslayer.jsp?fp=1 JULY, ADMIN stop her messing up n create chaos n deleting ppl's posts. price up the next day. ------------------------------ After my post, price up to 8 cts on 7/8/2020; ular/dragonslayer followed buy n sell at 7 cts. Aug 5, 2020 10:08 AM | Report Abuse dont be silly lah, 4.5 cts is still very low. focus qr red can go to 1.60, why not Lambo? We are figuring on the future of a growing company not gambling here. -------------------------------- AUG - NOV 2020; ULAR/DRAGONSLAYER as 12DEC1960; Jump in again when price fall to 5 cts in big correction n later add more at 3 cts; bribed me with MUSANG KING to help to promote, I rejected, she conned ppl with high TP; n barking n shitting non stop over 100 posts at me; she was also in VC then n now as Turkeyfig fighting with ppl. Posted by 12dec1960 > Sep 21, 2020 2:54 AM | Report Abuse Lambo Rating: OVERWEIGHT Recommendation: BUY CALL TARGET : 50sen - 1.00. https://klse.i3investor.com/servlets/cube/post/12dec1960.jsp?fp=1 https://klse.i3investor.com/servlets/cube/turkeyfig.jsp She also use BUAHCIKU to attack me after her Dragonslayer A/c suspended by Admin. https://klse.i3investor.com/servlets/cube/post/buahciku.jsp?fp=5 -------------------------------- Elitetrader, suncostfallacy n luckyzai fall traps on her high TP, n hard sell with her at 4.5 cts. I was being attack bec of asking ppl to stop buying: Posted by scenery > Sep 22, 2020 11:34 AM | Report Abuse X It needs very good news, market goreng time over, winter come. 500mls pp waiting to cash out, nobody will push anymore...... Price fall to 2.5 cts n rebound the last time, I ask ppl to sell again at 4.5 cts, Ular/dragonslayer quickly sell n make a lot of money. --------------------------------- People lost a lot of opportunities to make money during bull run due to her barbarously control ppl's posts by deleting. n ppl fail to cut win or lost in down trend bec of her high TP; she twist n turn with lies to pass the blame to me. Since last yr, I stop commenting about Lambo n come here just to catch the barbarous snake, I am very happy I hav a few very good support like sammy, smartgood, goldencoins, allantanks n hydrogenbond.. Posted by Allantanks > Apr 19, 2021 2:04 PM | Report Abuse The only spammer here is ULAR. Pls get lost Posted by HydrogenBond > Mar 1, 2021 7:58 PM | Report Abuse U open so many con artist ID for what, 12dec1960, dragonslayer, buahciko, turkeyfig etc, for what? To con others lah? So old edi still con others lah? Not good lah, right There is no way to take back your money since last yr, just go to her fruit plantation to ask for compensation, she is rich n hokkian n very superstitious.. 11/06/2021 1:05 PM scenery Most are confused by Ular/dragonslayer's messy n mix facts of different timing with lies. Want to be cleared about what happen have to follow my chronological summary of events. Even though she had deleted all her posts in Lambo but others posts against her there had prove what I said about her. 1. There were no complain about those ppl in her list; there were no proof that all were my a/c. Most important was those a/c did no harm to others, but just being deleted bec want to stop her from messing up the forum. 2. While her other IDs: witchslayer, babydragonslayer, buahciku, turkeyfig, 12dec1960 were proven by lee9fold, sammy, invincible, John n i3lurker, etc. Some of them had also proved she hard sell Netx here n causing chaos n deleting ppl's posts. Also those fake a/c go everywhere to quarrel with ppl like in VC, ppl want to urine into her mouth. 3. My posts on 5/8/20 about cheap price at 4.5 cts helped a lot of ppl who buy 4.5 cts to make a few cts within 2 days on 7/8/20 when it went up to 8 cts. This snake follow buy n sold at 7 cts, making huge profit with millions of shares, Yet she twisted such event as I con ppl. 4. On the way down, she bought 5 cts n then started hard sell with TP 0.50 - 1.00 in her 12dec1960, I reject her call to help, she shit n bark at me with more than 100 posts there. 5. In Sept 20, Elitetrader n Suncostfallacy n Allantanks fall traps on her high TP help her to promote n they bark at me bec I ask ppl to stop buying. After the Edge post about scam stocks, I sold at 4 cts, n price fall further, ular add more at 3 cts, so her cost only 4 cts. 6. I saw the sign of rebound n I told babyace n deleted my posts, bec dont want her to follow, the next day it went up 1 bit n I told ppl to wait for sell signal, n at 4.5 cts I told ppl I sold mine. Elite n Suncost barking at me, while the evil snake quietly sold all making huge profit n then pretending helping them to bark at me. 7. i3lurker, Paperplane, stockraider etc is dragonslayer's con gang, I did nothing wrong to them, they just came here to help her to bark at me. I took them as mad dog. The problem with Elite n Suncost were they dont know how to judge the trend changes, without knowing even if I lied price can go up also it wont; n would have cause them to buy more n lost more. Allantanks realise a bit late sold at 2.5 cts; but it also better than holding until now. Ular/dragonslayer said CAlvinT taught her how to con n make money, there were a lot of proves in her dragon posts in Lambo that Y she had to delete them to eliminate evidences. Go to her fruitland to ask for compensation, she is Hokkian, rich n very superstitious, should be around rural areas mixing up with Malays always talk about Sumpah.. 11/06/2021 1:07 PM  Sslee Mike, Insas toilet paper WC closed today 28.5 cents. Any chance WC overtake PA? 11/06/2021 4:55 PM stockraider Memang betul loh...! Accumulation in progress mah! Huat Chai....!! Gohku was right on the dot loh! Posted by gohku > Jun 11, 2021 10:20 AM | Report Abuse I have notice some hidden latent strength at insas & insas-w lately, since its share price & warrant price broke out from Rm 0.825 and Rm 0.235 recently it slowly continue with its run. Every time the market try to press down insas price below 84 sen & warrant below 25.5, it always rebounded back very fast. This indicates steady accumulation of insas & its warrant are in progress and the strength of buying power. I think a good time will be coming for insas & its warrant, as its price is keeping up. Since insas has good fundamental & financial strength and with good prospect especially its associate inari that involve with 5G, the investment preposition are very positive going forward. Cheers & Good Luck. 11/06/2021 4:59 PM scenery Sslee, U had said those who cheat ppl n those ppl didn't stop them from cheating others are dishonest n without integrity. Yet U never stop con ular/dragonslayer n stockraider's lying, deleting ppl's posts n messing up forum b4, n also now. Instead, U bark at us to stop us from doing what is right, which is to stop those 2 con liars. 11/06/2021 5:46 PM Sslee Scenery, No one stop you from doing what you like, so please go ahead. As who is right and who is wrong? Who is con and who is not? Who determine? So tell me how you determine what you do is right? And other people do is wrong? For me I did not say Mike is con. I only pointed to him my homework on PA and even told him LB aluminium is a better choice. PA financial result: Q3 NP: RM 7.194 million EPS 0.63 cent. NTA 13.29 cents Culmulative 9 months: Revenue: RM 237.37 million. NP RM 17.16 million. EPS 1.51 cent. Cash and bank balance RM 1.917 million. Fixed deposit RM 421K. The q3 weighted average number of ordinary shares issue 1,140,033,000. The latest NOSH 1,219,684,187 Q4 June lockdown cannot operate and now lockdown extended another 2 weeks. And whether he wants to cut win or cut loss the decision is his to make? 11/06/2021 7:28 PM stockraider Lu semua tunggu lah...by end of June , Raider & super hero Jalil will wallop & gasak u all sampai u fall into the jamban for talking kook too much loh! Bjcorp & bjland...sure make alot of money by end june...u talk kook so much, like no value ah ?...Just be honest mah! U all konmen, better stay at home & do not come out, Do not let Raider, see u all konning loh! Dear Friends, Do not believe this kon dishonest actors loh! Patience & discipline key to success my friend! Bcos raider believe in jalil & we should trust this handsome super hero jalil, he surely can deliver mah, super jalil had put more than rm 40m of his own monies into bjcorp mah! Certainly u don expect our superhero jalil wants u to make tiny mini 1 to 1.5 sen profit loh....!! This type of profits are for the pundans & beggars mah! Posted by dompeilee > Jun 11, 2021 4:37 PM | Report Abuse After so much talk back 2 my selling pt soorhai STUCKraider..LOL Posted by learner1234 > Jun 11, 2021 5:42 PM | Report Abuse continue selling..no hope already Posted by Kong CL > Jun 11, 2021 6:00 PM | Report Abuse Lolz, VT and cronies trick. Up few cents to trap ppl, then huge volume dumping to harvest ikan bilis... personal opinion, want begging money from VT is difficult than try fishing shark in longkang. Perhaps one day you really get a shark in longkang liao, but bj also wont give u any profit earning yet.... Posted by Kong CL > Jun 11, 2021 6:03 PM | Report Abuse Chance to get profit from VT's companies, it is difficult than below tasks; 1. Alien visit Malaysia 2. Fishing shark in longkang 3. Sunrise from west to east 4. Make moon dissappear 11/06/2021 7:32 PM scenery U had said roughly the same thing to me when ular/dragonslayer twisted my DGB post as I con ppl. U said when I evaluate her must also expect her to come after me. In fact, my post was nothing wrong just my view at that moment. Posted by Sslee > Jun 11, 2021 7:40 AM | Report Abuse Morning Mike, "When we evaluate other people, states and nations, we always seem to be looking in the mirror. We always see ourselves. We always pass on to another person what we ourselves are in essence. 11/06/2021 8:43 PM scenery Sslee, Unless U intentionally wanted to side the culprit; with your standard U should be able to know who was right n who was wrong by just reading my Summary of chronological events. In order to shorten my explanation, I only listed 1 or 2 comments from the others when there were much more. Any1 also can go ahead to those pages to check for your self. There were many more ppl condemn about Ular/dragonslayer, every1 hated her; but mine only Suncostfallacy, Elitetrader n Luckyzai. They attack me bec of my negative comments on Lambo n my warning of share consolidation. I had also warned Lambo to sell Focus when it was at highest price of 2.60. Everything I said came through almost 100%, so they hated me. Was I wrong to be accurate? Paperplane went to Lambo to fight with Tom in Vulgar words full pages, I report to Amin, his a/c being suspended so he went over to Lambo to bark at me every now n then. Was I wrong? The only mistake I made was to continue let those who ask for opinion n benefited that evil snake, who after making so much of chaos n causing so much of stresses to us, yet able to make the most up to 6 figures by following every steps with millions of shares in 3 rounds. Just remember I don't have to lie whatever I said were proven with previous posts of others. Also if she was not wrong why she had to delete all her posts in Lambo n many related posts in Netx; n then twist n turn every facts like stockraider tampering ppl's posts with lies to change to her favour. 11/06/2021 9:31 PM Mikecyc Haha ssleee is a Professional turned to Kon artist , more capable skill to kon ... just like con artist Callvin is a opposite views commentator when he bring in by kon stockraider in 2016 ... then turned to con artist .. 12/06/2021 8:32 AM Mikecyc Haha who is kon ? See from their posts contents .. real facts ? real data ? real figures ? 12/06/2021 8:34 AM Mikecyc Haha remember kon artist ssleee .. i oredi posted so many posts of you telling lies to promote stocks .. just the best pretender n twisting kon of the year 2021 ... 12/06/2021 8:37 AM Mikecyc Haha even Philip is being misleading by u once in yr blog praising con artist callvin ... 12/06/2021 8:39 AM Sslee Haha Mickecy, I take it as compliment that Philip was misled by me. So please tell us when you going to sell PA unlike what you did in zelan, sold quietly. 12/06/2021 9:05 AM stockraider Mike U better wake up early loh...!! Next 3 mths coming Insas & its warrant will go up, up & up mah! Then raider, leno and sslee will wallop u throw u into the jamban & flush u off loh...!! Pls stop your nonsense good for nothing comment on the wonderful insas & its warrant, bcos the only way for insas & warrant to go from now is uppppppppppppppppppp mah! Posted by Mikecyc > Jun 12, 2021 8:49 AM | Report Abuse Haha Insas WC ?? the price is still lower than those bought the under subscribed .... recalled some one posted here .. Free WC is at cost 0.255... Posted by Mikecyc > Jun 12, 2021 8:54 AM | Report Abuse Haha WB is ex 4 % .. 96 % is become Toilet paper on maturity date ard Feb 2020 ( recalled ) ..even kon stickraidef play kon show with con artist callvin in WB forum just for investing RM 5000..this small amount also need to play kon show to lure ppl to buy ... Posted by Mikecyc > Jun 12, 2021 8:57 AM | Report Abuse Haha WB is ex 4 % .. n whom will be the most benefit during the price is higher than the Free WB cost ?? those whom enjuy the salary RM 11 million ke will benefit first ke ???? 12/06/2021 9:08 AM stockraider JUST BE VERY GREEDY MAH! Upside of insas on the way according to my tukang tilik sifu. Since Insas is deeply undervalue according to my senior analyst....u should jump in now buying into the mother or the warrant mah...!! Remember when a stock in the most quiet time, u better becareful loh.....bcos something positive is brewing loh! Raider know loh....bcos raider 009 team are closely investigating this stock mah...!! Once breakout....88 sen.....the next stage is 90 sen, Rm 1.00 & then Rm 1.20.......do not missed this opportunity loh! WHAT RAIDER SAYS IS REALLY PROVEN TRUE MAH...!! REMEMBER TO INVEST LONG TERM WITH INSAS, THATS IS WAY U MAKE BIG MONEY LOH! 12/06/2021 10:05 AM stockraider Mike will bang balls soon loh! stockraider Fly, INSAS fly Fly, INSAS fly Fly, INSAS fly Up, up to the sky Fly, INSAS fly Fly, INSAS fly Fly, INSAS fly Up, up to the sky 12/06/2021 10:40 AM UlarSawa Correct Correct Correct. Hypocrite Aliibaba Scenery is a small kid like to fitnah orang in I3 forum like a small kid with peanut brain. Confirmed. Posted by stockraider > Jun 11, 2021 10:57 AM | Report Abuse He just talking & thinking like small kid...must respect that mah! Posted by UlarSawa > Jun 11, 2021 10:46 AM | Report Abuse Then Hypocrite Aliibaba Scenery is your friend too? Correct? 12/06/2021 11:02 AM aliyusof Very hard sell on Insas by a "rider" in so many "stock" forums.....ha ha...must have all in in it... 14/06/2021 11:06 AM Mikecyc Haha Insas can stay at 90 sen then RM1.00 ke ...just like this year oredi Crab 2 batch ...tis round will be 3rd batch...hahaha 14/06/2021 7:41 PM Mikecyc Haha recalled some one posted in Insas...free WC is at cost 0.255...those bought under subscibed WC is above cost 0.305... Who wiĺl benefit first ? THOSE BOD relatives ( all of their salary bod plus relatives is 11 million ) will sell first loh ..WB is ex 4 % , 96 % is become Toilet Paper . 14/06/2021 7:46 PM Mikecyc Haha Kon artist ssleee play kon show with kon stockraider said Insas Boss bought all the WB .. 14/06/2021 7:47 PM Mikecyc Haha PA ? While enjuy Long Term Gain ..enjuy Short term Gain also....Volume is consistent ...not like Insas... 14/06/2021 7:49 PM oirugfhy Mikey please help me support back to 45c. Im stucking on 49floors so windy here 16/06/2021 7:56 PM UlarSawa Better ask MCA gang to bring up the price. You asked Mighty Tikus also no use lah. Mighty Tikus only curi makan cheese at here lah. Correct? 17/06/2021 10:20 AM Mikecyc Haha kon actir Ularsawa / Dragonslayer/ Dragonwitch / Buah Ciku in Netx n Sumatec .. Kon actir Ularsawa / Pahellorheaven / Profit1saham in PA..add oil loh . 18/06/2021 9:00 AM Mikecyc Haha why nenek Ularsawa get mad ke ...cannot claim kfc from con artist callvin ke ... 18/06/2021 9:02 AM stainlyho37 lets see today for 0.45 and above !!!..first solar enough to feed this company for above 0.50....... 18/06/2021 11:31 AM UlarSawa Sudah cakap after peak at 59sen. correction 20% to 30% is normal lah. Now proven is correct. Remember lah. MCA gang control one. Not the Mighty Tikus ctrl. He is just a runner only. No power to ctrl the price. Every post he received rm1 from MCA gang kah. I guess only lah. No proof as he said Ular get paid by Calvin Tan and Mabel. Talk cock only to pass time only. Correct? 20/06/2021 4:42 PM scenery Summary of chronological order of events that Ular/dragonslayer barbarously making chaos n messing up forum n deleting ppl's posts. Also her conning ppl to chase high in downtrend from Sept onwards. MARCH 2020; ULAR/DRAGONSLAYER in LAMBO hard sell NETX, she delete Invincible posts n cause his A/C banned, she also deleted her own posts to eliminate evidences: ------------- posted by Invincible > Mar 24, 2020 12:46 PM | Report Abuse diot dragone, NETX got no chance la, your cousin, conman calvin hardsell 10 mnths, only cause it to go lower and lower, all diehard following fled already, nobody believe him now.... ,just like scomies. Dont waste your time to hardsell NETX here la, no use one!! Posted by john1102 > Mar 26, 2020 12:46 PM | Report Abuse @dragon you damn noisy here, please go away and keep you mouth shut! ------------- Posted by sammmy > Apr 15, 2020 11:20 AM | Report Abuse Alibaba I agree with you. He use several account to bark in different forum. He is annoying. Barking everyday is his job. From sapura energy until lambo. Everyday barking kukuless kukuless, I don’t want to bother him. But he attacking me as well Drago slayer so many enemy. Lol ----------------------------- ULAR/DRAGONSLAYER help CALVIN in NETX: Posted by dragonslayer > Apr 7, 2020 4:27 PM | Report Abuse Aiyo...Calvin kor kor...bot from 1sen to 2sen mah..ave pun below 2sen mah...your hisab ada passed or not....lol...aiyoyo...kikiki Aiyo...yesterday..0.5sen up to 1sen..100% gain...today 1sen..up to 1.5sen...50% gain...mana mau find such blue chip in bursa leh...takda lor...lol...wakakaka...kikiki https://sgx.i3investor.com/servlets/cube/dragonslayer.jsp ------------------------------- Ular/dragonslayer sold at 2 cts; started to mess up the forum, making chaos with Netx ppl, n deleting ppl's posts who stop her. She listed those ppl's a/c n mess up the forum with those lists, hoping to buy back at 1 ct. Posted by $$$ ^v^ GOODLUCK ^v^ $$$ > Apr 14, 2020 5:02 PM | Report Abuse wow ! babydragonslayer earn 100% congratulation. --------------------------- JUNE - JULY 2020; ULAR as WITCHSLAYER in SAPNRG, SUMATEC, NETX; she deleted all her posts in Lambo: https://klse.i3investor.com/servlets/cube/post/witchslayer.jsp?fp=1 JULY, ADMIN stop her messing up n create chaos n deleting ppl's posts. price up the next day. ------------------------------ After my post, price up to 8 cts on 7/8/2020; ular/dragonslayer followed buy n sell at 7 cts. Aug 5, 2020 10:08 AM | Report Abuse dont be silly lah, 4.5 cts is still very low. focus qr red can go to 1.60, why not Lambo? We are figuring on the future of a growing company not gambling here. -------------------------------- AUG - NOV 2020; ULAR/DRAGONSLAYER as 12DEC1960; Jump in again when price fall to 5 cts in big correction n later add more at 3 cts; bribed me with MUSANG KING to help to promote, I rejected, she conned ppl with high TP; n barking n shitting non stop over 100 posts at me; she was also in VC then n now as Turkeyfig fighting with ppl. Posted by 12dec1960 > Sep 21, 2020 2:54 AM | Report Abuse Lambo Rating: OVERWEIGHT Recommendation: BUY CALL TARGET : 50sen - 1.00. https://klse.i3investor.com/servlets/cube/post/12dec1960.jsp?fp=1 https://klse.i3investor.com/servlets/cube/turkeyfig.jsp She also use BUAHCIKU to attack me after her Dragonslayer A/c suspended by Admin. https://klse.i3investor.com/servlets/cube/post/buahciku.jsp?fp=5 -------------------------------- Elitetrader, suncostfallacy n luckyzai fall traps on her high TP, n hard sell with her at 4.5 cts. I was being attack bec of asking ppl to stop buying: Posted by scenery > Sep 22, 2020 11:34 AM | Report Abuse X It needs very good news, market goreng time over, winter come. 500mls pp waiting to cash out, nobody will push anymore...... Price fall to 2.5 cts n rebound the last time, I ask ppl to sell again at 4.5 cts, Ular/dragonslayer quickly sell n make a lot of money. --------------------------------- People lost a lot of opportunities to make money during bull run due to her barbarously control ppl's posts by deleting. n ppl fail to cut win or lost in down trend bec of her high TP; she twist n turn with lies to pass the blame to me. Since last yr, I stop commenting about Lambo n come here just to catch the barbarous snake, I am very happy I hav a few very good support like sammy, smartgood, goldencoins, allantanks n hydrogenbond.. Posted by Allantanks > Apr 19, 2021 2:04 PM | Report Abuse The only spammer here is ULAR. Pls get lost Posted by HydrogenBond > Mar 1, 2021 7:58 PM | Report Abuse U open so many con artist ID for what, 12dec1960, dragonslayer, buahciko, turkeyfig etc, for what? To con others lah? So old edi still con others lah? Not good lah, right There is no way to take back your money since last yr, just go to her fruit plantation to ask for compensation, she is rich n hokkian n very supers 20/06/2021 4:47 PM stockraider The LESSON here is always only base on fundamental to avoid pitfall loh! 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.' 21/06/2021 1:57 PM Mikecyc Haha kon stockraider so long essay ke ...same same in Netx n Insas when you desperate liaw.. 22/06/2021 3:55 AM Mikecyc Haha Operator is 2 days buying 2 days selling....as said in consolidation .. 22/06/2021 3:59 AM Mikecyc Haha kon stockraider Insas is one way show ke ..still cannot break 90 sen ke. 22/06/2021 3:59 AM Mikecyc Haha as said JKGLAND will be the next Gem ..accumulation since early June .. 22/06/2021 4:01 AM Sslee Haha Mike, No more live teaching of PA trend? So PA is now on uptrend or downtrend? 22/06/2021 7:55 AM  |
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