Good Articles to Share
Be rational, stay focus on the business of the company and not its share price
What Kills the Amateurs
Nothing is more fatal to amateur investors than thinking that a stock trading near a 52-week low is a good buy. They based this logic on the notion "what goes down must eventually comes up".
Suppose we have 2 companies
i. Co. A had recently gone down from $5 to $1.
ii Co. B had recently gone up from $1 to $5.
Believe it or not, all things being equal, a majority of amateur investors will choose Co.A because they believe that it will eventually make it back up to those levels again. On the other hand amateur investors will think that chasing after Co.B is almost suicidal because the music will end soon.
The point is that the stock price is a reflection of the company. If a great firm is run by excellent managers, there is no reason the stock won't keep on going up, vice versa.
Therefore dun said the falling knives killed you when actually you have performed hara-kiri yourselves.
Ref:
http://www.investlah.com/forum/index.php/topic,49773.msg972601.html#msg972601
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3 people like this. Showing 8 of 8 comments
the company A sounds like the General one though it was more like from $8 to .50 cents :(
2013-06-20 00:34
I am a living example of company A, from 4.25 to 0.49. It seems too far fetch to go back up. LOL.
2013-07-13 14:44
Hi....jyen fyi this share PWE now Pansar during 1995 superbull run touched a hit of rm144 now 52 cents. Ur is just a tiny drop into Atlantic Ocean.
2013-07-13 15:11
Newbies hoping to make a kill in the stock market by listening to rumours and waiting for big boys to goreng up the share price (for Newbies benefits) should listen, listen and listen to Jyen and Michael Teo.
There were scores Of PWE in the second board in the mid 1990s. There are still heaps of them around now, though their share prices are not as high as that time of irrational exuberance.
2013-07-13 15:51
Michael Teo, now I know how those people lost at least a few million or a few bungalows during the financial crisis. But the tiny drop is an ocean to me:(
2013-07-13 22:07
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CS Tan
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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....
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THIS IS THE BEST OF THE BEST PIECE EVER PRESENTED BY DEAR TAN KW. Not the topic. It's in the content ex.
2013-06-19 04:04