Koon Yew Yin's Blog
Misunderstanding creates animosity - Koon Yew Yin
Koon Yew Yin
Publish date: Fri, 13 Aug 2021, 10:47 AM
Koon Yew Yin
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An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.
All materials published here are prepared by Mr. Koon Yew Yin
All materials published here are prepared by Mr. Koon Yew Yin
As much as I do not like to wash dirty linen in public, I have to write this article. Why should Mr Ooi Teck Bee get so angry with me? As both of us are trying to help ourselves and investors make more money from the stock market, I wish to clear our misunderstanding.
Mr Ooi must remember that everyone is entitled to his opinion. You have your opinion and I have my won opinion.
About 1 year ago, when I posted my article about my cut loss sale of Jaks, to spike me, Mr Ooi has been promoting Jaks in his weekly recommendation for Jaks for more than a year. He even named it Miss Universe Jaks. Since then, Jaks has been plunging as shown on the price chart below.
About 6 months ago, when I posted my article about my sale of Supermax, Mr Ooi wrote a very nasty email to scold me because he continued sending out his weekly buy recommendations. The only reason for my sale of Supermax was of an oversupply of gloves and the glove price was dropping rapidly. All the existing glove manufacturers have increased their production lines and also constructed new factories. Moreover, more than 10 listed companies which are traditionally not in the glove business have branched off to make gloves. As a result, there was a huge oversupply of gloves and glove price was dropping. I have an old friend who confirmed that glove price was dropping rapidly. He is a professional glove trader. He buys gloves for sale in Europe. Supermax price has been dropping continuously as shown on the chart below.
About 2 months ago, I sold all my stock holding to cash out of the stock market and I posted my article to explain why I got out of the stock market because of the number of Covid 19 cases was surging and the government issued MCO lockdown order which has been depressing all the listed stock prices.
Mr Ooi wrote another nasty email to scold me because he constantly sending out his buy recommendations.
Mr Ooi’s weekly circulars is only buy recommendations. In the last many years, I have not seen Mr Ooi sent out sale recommendations. As all investors should know that the share price of any stock will go up or drop not only due to financial result but also due to market sentiments. Mr Ooi should know that and when that happens Mr Ooi should send out sale recommendation.
Mr Ooi has been promoting steel stocks especially Hiap Teck. About 2 months ago, I posted my articles to explain why I sold all my stock holdings because the number of Covid 19 cases was surging and the government issued mandatory MCO lockdown which would affect all the steel producers. Mr Ooi wrote another nasty email to scold me.
A few days ago, when I posted my articles to explain why I started buying back Hiap Teck at cheaper prices, again Mr Ooi was so angry with me. If I was in front of him, he would have punched my face.
When I saw Hiap Teck has dropped to a strong support level I started buy back Hiap Teck at cheaper prices. That simple means that all the fearful Hiap Teck shareholders including myself would have sold all their holdings. Currently investors have discounted all the ill effect of Covid 19 pandemic and our political uncertainty. When I posted my article to explain why I started buying Hiap Teck, again MR Ooi was so angry with me.
If you look at Hiap Teck price chart carefully, you can understand when I sold and when I started buying Hiap Teck. You can see Hiap Teck price chart below.
Why the steel price is shooting up?
China has been the biggest steel producer and exporter in the world. Currently, China wants to improve its air quality and environment. China is now producing just enough steel for its own use and stopped exporting steel. As a result, the price of steel has gone up from US$ 500 to US$ 1,825 per ton, about 300% in the last 1 year, as shown on the price chart below.
Since China has stopped buying iron ore from Australia the iron ore price has plunged sharply as shown on the iron ore price chart below. This will benefit all the steel producers especially Hiap Teck because the raw material is cheaper and the finished product steel price is rising so rapidly.
Mr Ooi is entitled to his opinion and I also entitled to my opinion. I trust Mr Ooi can understand my reasons for selling and buying of stocks as I explained above.
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Discussions
1 person likes this. Showing 50 of 66 comments
the most basic, the most fundamental issue is.......steel got demand meh? bad debts among steel players will kill them already if nothing else will. The more they sell, the worse it becomes.
2021-08-13 17:13
stock punters remain stock punters. cannot stop and cannot change. make more lose more is the only ending.
2021-08-13 17:16
thats why the smart people point with 10 fingers and 10 toes so that nothing points back.
start jumping too.....
just go see more Chinese ghost movies
Posted by Sslee > Aug 13, 2021 1:54 PM | Report Abuse
Just remember when you point a finger at someone, there are three fingers pointing back at you.
2021-08-13 17:21
the whole country is suffering, stock punters go and punt steel stocks as if nothing is happening, no covid, no one is suffering.
stock punters live in their own little world.
2021-08-13 17:22
steel counters and hard assets like steel manufacturers are the worse place to put money.
a lot of local funds with a lot of cash are finding it hard to invest logically and professionally on a value/ earnings PE basis. The traditional link is broken and systematic risk is high.
what remains is technology shares that still attract local funds to park their money that they have to invest.
hard assets like steel shares? this is only for stubborn people., unrealistic people, people divorced from reality.
2021-08-13 17:36
Old man has no idea and clueless, pi mai pi mai back to hiaptek. His golden rule cannot pakai already.
2021-08-13 17:49
About 1 year ago, when I posted my article about my cut loss sale of Jaks.
KYY even cannot recall when he sold JAKS.
https://klse.i3investor.com/m/blog/koonyewyinblog/2018-12-08-story185767-JAKS_My_Most_Expensive_Mistake_Koon_Yew_Yin.jsp
JAKS - My Most Expensive Mistake - Koon Yew Yin
Author: Koon Yew Yin Publish date: Sat, 8 Dec 2018
Based on our average selling price of 80 sen, our average purchase price of Rm 1.20 per share and our total holdings of 160 million shares, we have lost Rm 64 million. Coincidently this is the 64 million $ question many people have asked me.
2021-08-13 19:01
Haha i3lurker,
I actually use my thumb to point at people so that four fingers pointing back at me.
2021-08-13 19:05
Posted by Sslee > Aug 13, 2021 7:01 PM | Report Abuse
About 1 year ago, when I posted my article about my cut loss sale of Jaks.
KYY even cannot recall when he sold JAKS.
https://klse.i3investor.com/m/blog/koonyewyinblog/2018-12-08-story1857...
JAKS - My Most Expensive Mistake - Koon Yew Yin
Author: Koon Yew Yin Publish date: Sat, 8 Dec 2018
Based on our average selling price of 80 sen, our average purchase price of Rm 1.20 per share and our total holdings of 160 million shares, we have lost Rm 64 million. Coincidently this is the 64 million $ question many people have asked me.
U r now officially No 1 Fan of KYY.....U defeated me....
2021-08-13 19:19
hard assets vs soft assets...........
soft assets remains investible because there are lots of stuffs can still hope.....and imagine....
hard assets? hard assets like steel companies, no room for imagination, too transparent, too ugly and too uninvestable.
2021-08-13 19:34
Mr Ooi, with all due respect… just don’t comment anymore re your story with him. Smart folks will wade thru the mud. Your rep is not important. Most investors/traders have a brain
Let it be. Make money. Contact/advise your clients privately. Forget this forum. IGNORE
2021-08-13 20:25
sifu OTB need to defend himself against all these people telling lies against him.
2021-08-13 22:01
Foreign investors reading this tread has to understand what is the truth.
2021-08-13 22:06
KYY, can share the content of OTB email to substantiate ur accusation?
U 2 how old already? Still need public approval as if u r presidential candidate?
If I am at ur age. I rather make more friends than enemy. Afaik, i probably dont have many left.
2021-08-14 01:17
I have warned OTB for the longest time not to trust Grandpa Koon! But i guess he admired Grandpa Koon buddha's ear so much that such advise gone to the drain! However, only recently OTB unfriend Grandpa Koon!
They say becareful keeping snake as a pet, she may bite your bite out of love! Or hate!
If you see a snake standing beside Grandpa Koon, you better whack him with that snake! At least you kill 2 old nasty with a single stroke!
2021-08-14 01:33
After so many round of promotion, the price still hovering this level. Unless uncle pump in money, there wun be much upside but if uncle decide to leave the table, i wonder what happen, which eventually will happen.
As he already said "to help ourselves and investors make more money from the stock market". See the keyword there? ourselves and then oni investors. So u all panlai panlai le
2021-08-14 08:09
Hello both of your age add up almost 150years old! Stop attacking each other! We would like to listen to both side there is no right or wrong!
2021-08-14 09:37
Posted by KYYsucks > Aug 14, 2021 2:53 PM | Report Abuse
Dear OTB, KYY bad mouth u. surely u won't let him do this to u. reply him.
---------------------
No more relationship between us, I do not wish to reply to him.
I will run far ... far ... away from him.
I will ignore him totally.
Thank you.
2021-08-14 14:57
haha. u managed people fund. When there is a good opportunity, you used your fund to buy first and use clients' funds to buy at higher price.
When things turn not quite right, you sold your shares first and sell your client shares at lower price.
I have heard lots of complaints from your OTB's client.
2021-08-14 14:58
ok noted
Posted by OTB > Aug 14, 2021 3:10 PM | Report Abuse
You are not my client, hence you have no right to complain here.
According to rumour, I heard abang_misai cheated a lot of girls.
He also steals money from his neighbour (Rumour only).
Heard is not proof, I also heard but I dare not confirm.
I said it is rumour only.
2021-08-14 15:20
Uncle KYY and OTB, now that both of you are on the same page, no need to fight already. [ Of course after KYY agreed with OTB that Hiap Teck is a miss universe stock ]
Keep promoting with new info until RM1, then we will sell.
2021-08-14 15:29
Haha. Otb so childish. What i said is true story from your client who pissed off with the way you managed.
2021-08-14 16:27
I don't blame you OTB. That what the normal fund managers will ro.
If the shares are so good, surely we use own money to buy first. Buy early means we buy at cheaper prices. Then, if we deploy our client money to buy the same shares, often at higher prices.
If it drops, we can use clients money to buy to support price. If things turn sour such as bad results, of course we will sell our own share first then followed by the shares owned by clients often at lower prices.
That's normal and ok because clients do not know this trick
2021-08-14 16:36
Defamation of character and reputation of a person is bad.
AbangM, if your fren feels shortchanged, then don't park his money with OTB or any fund manager. It's his prerogative. Like buy and sell is individual prerogative.
2021-08-14 17:06
I produced > 50 millionaires in 2020.
Please check out my performance before you attack me again.
Thank you.
2021-08-14 17:08
@abang_misai, the accusations are very serious and reputation damaging. If your friends have evidence, please go make report. If no proof, it is better not to accuse openly.
PS: I am not robot or machai of OTB :)
2021-08-14 17:29
Some successful persons fear other persons will progress (and not necessarily succeed)
Mr Ooi, just let it go. Your rep is intact with some. Koon’s rep is intact with some also
Both you, Koon and many many others think they have a “rep”
Not to me. I just go “Meh”
I want to make money w/o being influenced by anyone. I didn’t buy Hiaptek not bcoz of Ooi or Koon but bcoz I hv a brain
Too often, in this Internet age, the ability to flaunt an opinion crushes the ability to weigh one
2021-08-14 18:34
In the beginning both O & K joined together for mutual benefit as both parties objectives are being fulfilled. That is fine under the share market bull run scenario but as market turned south things are beginning not looking that rosy. Then their relationship become K & O....
15/08/2021 10:26 AM
2021-08-15 10:32
Human in general usually tends to only remember others fault & wrong ...
Be graces ... be happy....forgiving & peace will be with you
2021-08-15 10:32
So what if the price of glove drops and there's oversupply? Is there still strong demand for gloves today and in the future? Are companies like supermax still making good profits? They even make more than tech companies with a 30 to 40 times P/E, and yet glove companies P/E is only 3 to 4 times. Is the market making any sense? Market price is based on sentiment, not on the company's fundamental value.
2021-08-15 10:37
@Chrixg10, I think the stock price depends on future and theme. I believe everyone will agree that pandemic will be over soon. Hence, the funds leave glove counters..
2021-08-15 10:39
So in future, we will see the demand for glove is reducing and selling price is dropping
2021-08-15 10:40
Wait, I help u ask Uncle KYY for proof. =D
KYY, can share the content of OTB email to substantiate ur accusation?
--------------------
Answer :
1.) I never attack any person in any public forum.
2.) I never attack Mr Koon whether his buy/sell call is correct or not, but Mr Koon keeps on attacking me on my sell/buy call, this is not good.
3.) Mr Koon had done these attacks many times in I3investor.com and also his blog.
4.) Why is he so personal to attack me all the time ?
5.) I did not answer, does not mean that I am wrong.
6.) I keep quiet to give him a chance to think it over.
7.) I keep quiet as a matter of respect.
8.) He has abused it.
Please show me the proof that I had attacked Mr Koon first.
Thank you.
2021-08-15 11:30
Look up on this guy Chris Voss. He says that people who explain too much is more likely the one lying.
1) I don't know if you are lying. But u certainly do respond like one.
2) Do you know what's the problem with people in their 80's? Like a product, end of life. Reminiscing their glory days and struggling to maintain control and influence. If you respond the way he wants, you are making him ur master. For all I know, he is actually grateful to you for giving him the attention he wants.
3) How do you know if a person has aged gracefully? He enjoys exchanging experiences. When engaged by a 20's. He will ask how's life of a 20's now and in return, he will share how a 20's 60 years ago like. Neither is better than the other. It's just different.
Spend sometime reflecting on your own emotion responding to each "attack". How do you feel? Do you feel good? How much time you waste feeling bad? There are just bad people out there that derive satisfaction from people's misery. I don't know about you. I have 60 years ahead of me. I don't plan to let anyone to make me feel bad nor giving them that satisfaction making me feel bad. All that i'm gonna do with people like that is IGNORE AND NOTHING.
Like how Michael O'Johnson continue to run herbal life ignoring Bill Ackman and his slander. At the end, Bill Ackman lost 1 Billion after few years shorting herbal life. As long as you are doing the right thing(assuming you are la ya), truth will prevail. Sooner or later.
2021-08-15 12:21
Posted by SincereInv > Aug 15, 2021 10:32 AM | Report Abuse
In the beginning both O & K joined together for mutual benefit as both parties objectives are being fulfilled. That is fine under the share market bull run scenario but as market turned south things are beginning not looking that rosy. Then their relationship become K & O....
15/08/2021 10:26 AM
-------------------
answer:
Your statement is not true.
Market up or down will not affect me.
I know KC Chongnz through I3, I know Sslee through I3 and many others through I3.
We never have problem even stock market was crashed.
We use to talk or communicate with each other in good faith.
We never attack good friends in public forum even we know that the facts and figures posted in the article are wrong.
Mr Koon should value me more than anyone else in I3 because I help him the most.
He requested me for help, I never turn it down all the time even at wee hours.
Those attacks in the last 1 month were not the first time, He had done it many times in the past.
It is his ego problem.
No more, I stop here.
Thank you.
2021-08-15 12:51
Mr Ooi, thanks you for your reply. I got nothing against you nor your reply. Glad that you said what you want to say.
2021-08-15 14:14
Few years back I have been on your list of subscribers for 2 years. I did follow some of your shares recommendation but its seem that its does not worked well for me. Maybe the timing is out...
2021-08-15 15:05
KYY is my relative father in law's friend. He has been invited as a guest of honour sitting in host table at his children wedding dinner. I also happen to be there. This is the first time I saw KYY in person. I don't personally knew him but do admired what he has been achieved during his earlier day in term of wealth & career. Indeed it was a great achievement.
2021-08-15 15:08
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Post removed.Why?
2021-08-13 17:04