Koon Yew Yin's Blog
Why did I sell my Hibiscus shares? Koon Yew Yin
Koon Yew Yin
Publish date: Wed, 10 Aug 2022, 04:04 PM
Koon Yew Yin
0 1,414
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
The company made the following announcements:
Repsol Asset Acquisition: Completed the trans formative acquisition on 24 January 2022. Assets are expected to almost triple the Group’s net daily oil, gas and condensate production.
Hibiscus expects threefold increase in O&G output due to Repsol deal (Repsol Exploración, S.A)
If the company can triple its oil & gas production why is its share price dropping continuously? It has been dropping in the last 3 months as shown on the chart below.
If Hibiscus can triple its oil & gas production, its share price should be shooting up. If it is really so good, why is it dropping continuously?
I believe its price chart which cannot lie. That Is why I sold all my Hibiscus shares and cut loss.
People often lose money in the markets because they don't understand economic and investment market cycles. Business and economic cycles expand and decline. The boom cycles are fuelled by a growing economy, expanding job market, and other economic factors.
People also often lose money in the markets because they let emotions—mainly fear and greed—drive their investing. Moreover, they often lose money, because they are not lucky. Luck is when preparedness meet opportunity.
You must remember that our ultimate aim in life is happiness and the key to happiness is contentment. Don’t be greedy and take risk in the stock market.
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Discussions
Be the first to like this. Showing 28 of 28 comments
90% of investors lose money - Koon Yew Yin
So the self proclaimed Superinvestor is also one of the 90% loh......
2022-08-10 16:54
So the news is out KYY already sold all his Hibiscus shares and cut loss. Tomorrow will start buying some for KFC money.
2022-08-10 17:07
Mr flip flop wrote on his July 29 blog that when the company announces its result by end of August, its share price should shoot through the roof. Less than 2 weeks later and before the results are announced, he is quick to say that the price has been dropping continuously hahaha
2022-08-10 17:25
You all, see this untrustworthy uncle last week said buy Hibiscus. Today after selling cut loss … reporting why need to SELL.
I told you all, when uncle wrote something was good, he was selling to all of you lah. Now, I am proven right. Haha haha. I have learned a few hard lessons from this Uncle lah. Be wise lah. Uncle is not here to help you all lah.
2022-08-10 19:42
KYY is the master of U Turn
Never believed him. I had incurred enuf losses due to his U Turn.
2022-08-10 23:40
Ppl who follows your golden rules often has the same ending as the golden goose. Get slaughtered and the golden eggs (retirement money) are often taken away
2022-08-11 10:49
Wise man once said, if Grandpa Koon shout sell, it's time to buy! Because down the road, he will come out and tell you to buy, which is time to sell! Don't shot the messenger!
2022-08-11 18:11
Tobby, you're singing the old fox's slogan! Not a single investor on i3 didn't know this already.
2022-08-11 18:49
Bob! What! I didn't know till now! I thought Grandpa Koon is self righteous golden investor!
2022-08-11 18:59
Bob! Phew! Thanks dude! You are life saver! I was going to sell Hibiscus that i didn't own!
2022-08-11 19:42
Mark my words, oil price will go up to USD 150 and above! We are in the commodity SUPER CYCLE!
2022-08-12 06:30
KYY con-man, you believe him you go holland, following the analysis of energy sector.
Sector focus: The energy sector may see some positive move along with higher brent oil price. company in focus Dayang, Dialog.
2022-08-12 09:03
Aiyoyo sudah dapat free KFC from Hib. Thank you KYY.
So let me share with you a day time story:
Last night went to a noodle stall for dinner. Saw a young man walk in and ordered 2 bowls of noodle.
One for himself and the other bowl left at opposite seat with no one sitting there. While he was eating, he was mumbling "time flies ya, we didn't see each other for more than a year". Then he continue eating while engaging in a conversation with an empty seat with a bowl of noodle in front of him.
Being ghost month festival, the customers around were having goose bump while having their noodle.
Suddenly the young man stood up and said to the empty seat "you wait hah I go to the convenient store to get us drinks". All customers begin to flee the noodle stall after seeing the scene.
Five, fifteen minutes later, the stall owner was having chilling feeling and asked the empty seat "where is your friend ah ? "
Suddenly there is a big smack at his head and he heard his wife shouting at him *"nut head ... This is new trick to have a free meal lah"*
While is lunar 7th month joke... the morale of the story are :
1. *The young man is like umno and pas,* creating something out of thin air for free meals. Labelling DAP as racist party, claiming Chinese is gonna take over the country, bumis are losing their rights etc etc. But at the end he conned the rakyat for a free meal , including the bumis.
2. The *customers of the stall are like rakyat,* especially the kampong folks, fell into the "story" under specific conditions (ghost month with made up ghost stories), i e. racism games etc .
3. The *stall owner of the stall is akin to the tax payers,* always taken for a ride by the corrupt regime. We need more people like the *wife* to be able to poke the story
Just for laugh and please share it if you like the morale of the ghost month joke
2022-08-12 09:30
When kyy talks good or bad about your stock, the wise thing to do is exit quickly. No need to blah blah blah to make yourself feel shiok.
2022-08-12 11:54
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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....
shortinvestor77
Well done.
2022-08-10 16:31