My Trading Adventure
Stock Alert : Hibiscus (SPAC)
CP TEH
Publish date: Mon, 15 Aug 2016, 11:40 AM
CP TEH
0 2,918
All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.
This is Hibiscus ... a SPAC. It is being goreng-ed at the moment as SPAC failed so so badly.
Note : For newbies, search for the word "SPAC" ... and avoid.
I am not sure if they have a SPAC for restaurants ... I read that some time ago. Crazy investment vehicle.
Why SPAC will not be in most super-investor list?
Because they do not have TRACK RECORDS ... it is playing on hot-air news of venturing. When O&G was hot back then, with crude oil trading above USD100 ... there are few SPAC listed in KLSE ... Hibiscus is one of them (Cliq, Sona ... apa lagi?).
One of the criteria for Uncle Ben's stock selection is the STRONG MANAGEMENT with GOOD(or excellent) track records. SPAC failed here badly as they are new ventures ... with promises ... but no track records to show.
11.35am : Having my teh tarik while waiting for wife to finish her grocery shopping. Classes in noon ... and e-meeting at night.
Time to sell ... sell.
TEH
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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....
meathere
....Time to sell ... sell. Really?
Foreign investments net buying to KLSE for past weeks, the index rising to test 1700, the so called pre-election rally.....what happens to let the profit run mantra (ok this cannot apply to all counters in general), but you get the idea. But definitely the sell...sell blanket call at the moment is also not a wise call at least for now..is too early to make such a call.
2016-08-15 11:57