Stocks market watch
Prominent investor buy announcement for own benefit?
I think some of the articles here already caught The Star attention. There is one statement which I would think not suitable for newbies. Its a road map to die fast. I am not sure how many newbies suffered huge losses due to margin financing and contra after reading his blog. The blog may just shut down as it bring little benefit to majoritity of reader and full of political articles. So good at criticising government but what is the difference between him and government as he don't allow comments on his blog? He don't like freedom of speech.
There is no sense of "margin of safety" from his recommendation. We don't know whether the share prices increase last year due to his heavy promotion or it rise by itself? Seems like a manipulation.
“Since I started buying 18 months ago, I have been buying continuously with margin finance.
“As the price went up, I could borrow more money to buy (what if drop? Rich can la. Ikan bilis where can. Ajaran sesat).
“As a result, I am a substantial shareholder.
“As you know, I have been posting several articles (act like broker?) on VS Industry to encourage investors to buy its shares which went up from 30 sen in July 2015 to RM1.65 in January 2016, a phenomenal gain of 550% in about 18 months."
http://www.thestar.com.my/business/business-news/2016/05/07/koon-in-the-spotlight-over-untimely-disclosures/
Trying last push to convince people buy. I think he made no difference when compared to stock brokers. Will VS hit glory price of RM1.67 again? Lets wait and see. Remember that there are stock broker that shout Top Glove will go up to RM16 previously (After split RM8). But see what happen now? Its just RM4.98. Most of the time heavy promotion only came when the share price already reach the peak. After increasing more than 100 to 200% its hard to go up again as what come up will eventually come down.
Less than 1 month later, sell in huge volume and let the prices go flat within a month.
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Discussions
3 people like this. Showing 7 of 7 comments
Blog: VS Industry is a good buy - Koon Yew Yin
Feb 23, 2016 10:01 AM | Report Abuse
Ah Koon reminder to his stupid idiot critics
I foresee there will be the usual few stupid critics who will say some rubbish to annoy me. In fact, my wife and a sincere friend, my confidant advised me not to post any more articles about my investment prowess. But I believe my articles will benefit many more people than the few critics. My advice to those critics is that they must look at the mirror and ask themselves why they are still so poor.
2016-05-07 16:06
Robbers robbing us from rich to become poorer and poorer while no authorities stop them. That's why it happens. The history repeats itself.
2016-05-07 16:44
Prominent investor encourage people to take margin financing to push up his share price. Robbing poor to become poorer and suffer huge debt.
2016-05-07 19:53
yala,,,what happen to Jtiasa and Rsawit .. haha . please remember there is no free lunch in this world ... All wolves.. Haha.. you want to join in, there is your own business ....
2016-05-08 09:59
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Blog: VS Industry is a good buy - Koon Yew Yin
Feb 23, 2016 10:16 AM | Report Abuse
Ah Koon modus operandi, buy low very very very quietly like FLBhd 1.40 push up to 2.44 and write dozen article for you to buy from him. No wonder his buyers continue to remain poor.
Posted by noobnnew > Feb 23, 2016 10:12 AM | Report Abuse
Koon koon said it is your fault that you are poor because u never listen to him. Praise to koon koon, the almighty in Bursa. Don't ever doubt him and one day maybe he might wan to know you like beloved Desa. So, what are you waiting for, just by FLBHD CHINWELL XINQUAN VS LIIHEN LATITUDE and keep. U are the next millionaire.
2016-05-07 16:03