Trading With A View
(Tradeview 2020) - Open Letter to Koon Yew Yin on Dayang, Margin & Ethics
tradeview
Publish date: Sat, 11 Apr 2020, 04:52 PM
tradeview
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Author of Once Upon A Time In Bursa : The MONEY Equation. A corporate strategist, lawyer & avid investor who has two great passion in life: Financial Markets & Real Estate. A true fundamentalist and financial writer motivated to tip the scale in favour of retail investors. Believe the stock market can be force for good.
Contact for update : tradeview101@gmail.com
Telegram: https://telegram.me/tradeview101
Contact for update : tradeview101@gmail.com
Telegram: https://telegram.me/tradeview101
Dear Tan Sri Koon,
You do not know me but I know you like many of the investors in the KLSE. Your reputation from the days as professional engineer, early pioneer of Malaysia's construction and building industry as the co-founder of IJM, Gamuda, Mudajaya, prominent investor and philanthropist is known to many. Your vocal opinions and write ups are often read and referred by many people as well. In short, you are a very influential man. At a ripe age of being an octogenarian, many look towards you for guidance, wisdom and advice. This is especially so when it comes to investing in the share market. In fact, you have many followers and readers, I believe the most even in the entire i3 forum.
I have thought very long and hard whether to write an open letter to you, Tan Sri, as what I am about to say is not easy to swallow. I rarely write in reference to anyone in all my years writing, however in this instance, I cannot keep silent. I have to call you out for your unethical action in your public advice to readers / investors in the share concerning Dayang (5141).
Dayang share price today is RM1.30. In your latest 10th April blog writing, you said that you have sold all Dayang even at a loss because of the price trend reversal being unsustainable and the oil market. However, you have no less than 30+ blogs promoting Dayang from as early as 2019 until today. Even up until 1st April, you were asking "Ikan Bills" investors to not be stupid to sell Dayang and reproduced a write up from Public Bank with TP of RM 2.80 to support your claim. I have attached some recent articles by you below with some highlights on points you made (refer below).
I am calling you out now for misleading the public, readers and especially new investors who are new to investing with limited funds / savings. For everything you said and written have impact because of your stature, did you consider the repercussions of your action? You are rich and successful and do not need the money, but there may be some who have worked hard to save up their income hoping to invest in the share market during this lockdown period to supplement their family income or business income. As there are many writers in the i3 forum, some are great teachers, some are shady, some are syndicates hence many new investors would hope someone like you would be the right person to guide or teach them. What you have done is to a large extent grossly unethical and even immoral as we are now in the midst of an economy stagnation stage nation due to Covid-19.
I agree that everyone needs to take responsibility for their own action especially when it comes to investing. We must however acknowledge that as part of the investing community and society as a whole, as human being as well, we owe it to one another to be righteous and upright, and if we cant, we might as well keep silent. However, you chose to speak and write in the public forum, with the goal of helping people make money and teaching people how to fish. My observations - what you did was the opposite. You may start off wanting to give guidance and sharing good stocks so everyone can make money (including yourself) like Liihen, Hevea, Favco, Jaks, Teoseng, Dayang amongst the many, but whenever the calls start to go against you, you refuse to acknowledge but rather blame it on investment banks, company management, securities commission, ikan bilis investors, i3 readers on the forum, trends etc but you never once acknowledge you made a mistake. Even assuming you do not want to acknowledge mistakes, which is human nature (most wouldn't admit), the least you could do is not double or triple down on the same call and write it publicly with so much conviction whilst criticising others who do not think like you. The best example for this erroneous mistake by you is Dayang.
I do not hold a single share in Dayang, but I think it is a good turnaround company which would do well if not for the oil market plunge. I can understand that this was unpredictable but that is the problem with companies in exposure towards commodities. This is a risk of investing but I dare say many investors do not think like you. The right thing to do was to own up or stick by your call, if you indeed believe so but not write articles over articles promoting your stock then selling suddenly and quietly leaving all your readers (supporters and new inexperience investors) suffering the brunt of the losses. You may say you also took a hit with Dayang, but please know that you can sustain the losses, not everyone who read your article and look up to you are as rich and successful as you who can sustain losses. Some may never rebound from this losses. Especially those who you followed your advice to invest on margin. Many would have lost their savings and be in debt as a result. This is also one of the worst advice you have shared with readers and new investors - to use margin to invest.
I3 Forum may protect you from the comments column hence, we will not know how readers actually think of what you have done. I think I have said enough. This is my personal opinion, I do not represent anyone or organisations but myself. Please understand, I have no animosity towards you and I respect you for your contribution towards education, poverty and also you past contribution towards Malaysia's construction and building industry. I am not calling you out to insult or embarrass you, instead intend to express my view for you to continue to be a part of the investing community with greater sense of accountability / responsibility. You must understand with your influence, stature and knowledge, many people look up to you and seek out advice and guidance.
Do not abuse the trust people placed in you. Economics like the laws of the world, have its own way of finding an equilibrium.
Sincerely,
Tradeview
11th April 2020
I am calling you out now for misleading the public, readers and especially new investors who are new to investing with limited funds / savings. For everything you said and written have impact because of your stature, did you consider the repercussions of your action? You are rich and successful and do not need the money, but there may be some who have worked hard to save up their income hoping to invest in the share market during this lockdown period to supplement their family income or business income. As there are many writers in the i3 forum, some are great teachers, some are shady, some are syndicates hence many new investors would hope someone like you would be the right person to guide or teach them. What you have done is to a large extent grossly unethical and even immoral as we are now in the midst of an economy stagnation stage nation due to Covid-19.
I agree that everyone needs to take responsibility for their own action especially when it comes to investing. We must however acknowledge that as part of the investing community and society as a whole, as human being as well, we owe it to one another to be righteous and upright, and if we cant, we might as well keep silent. However, you chose to speak and write in the public forum, with the goal of helping people make money and teaching people how to fish. My observations - what you did was the opposite. You may start off wanting to give guidance and sharing good stocks so everyone can make money (including yourself) like Liihen, Hevea, Favco, Jaks, Teoseng, Dayang amongst the many, but whenever the calls start to go against you, you refuse to acknowledge but rather blame it on investment banks, company management, securities commission, ikan bilis investors, i3 readers on the forum, trends etc but you never once acknowledge you made a mistake. Even assuming you do not want to acknowledge mistakes, which is human nature (most wouldn't admit), the least you could do is not double or triple down on the same call and write it publicly with so much conviction whilst criticising others who do not think like you. The best example for this erroneous mistake by you is Dayang.
I do not hold a single share in Dayang, but I think it is a good turnaround company which would do well if not for the oil market plunge. I can understand that this was unpredictable but that is the problem with companies in exposure towards commodities. This is a risk of investing but I dare say many investors do not think like you. The right thing to do was to own up or stick by your call, if you indeed believe so but not write articles over articles promoting your stock then selling suddenly and quietly leaving all your readers (supporters and new inexperience investors) suffering the brunt of the losses. You may say you also took a hit with Dayang, but please know that you can sustain the losses, not everyone who read your article and look up to you are as rich and successful as you who can sustain losses. Some may never rebound from this losses. Especially those who you followed your advice to invest on margin. Many would have lost their savings and be in debt as a result. This is also one of the worst advice you have shared with readers and new investors - to use margin to invest.
I3 Forum may protect you from the comments column hence, we will not know how readers actually think of what you have done. I think I have said enough. This is my personal opinion, I do not represent anyone or organisations but myself. Please understand, I have no animosity towards you and I respect you for your contribution towards education, poverty and also you past contribution towards Malaysia's construction and building industry. I am not calling you out to insult or embarrass you, instead intend to express my view for you to continue to be a part of the investing community with greater sense of accountability / responsibility. You must understand with your influence, stature and knowledge, many people look up to you and seek out advice and guidance.
Do not abuse the trust people placed in you. Economics like the laws of the world, have its own way of finding an equilibrium.
Sincerely,
Tradeview
11th April 2020
Blog links written by you on Dayang :
10th April
https://klse.i3investor.com/blogs/koonyewyinblog/2020-04-10-story-h1505923411-Covid_19_Depressed_Stock_Market_Koon_Yew_Yin.jsp
10th April
https://klse.i3investor.com/blogs/koonyewyinblog/2020-04-10-story-h1505923411-Covid_19_Depressed_Stock_Market_Koon_Yew_Yin.jsp
26th March
18th March
https://klse.i3investor.com/blogs/koonyewyinblog/2020-03-18-story-h1484897539-Dayang_The_worst_is_over_Koon_Yew_Yin.jsp
17th March
https://klse.i3investor.com/blogs/koonyewyinblog/2020-03-17-story-h1484892642-Dayang_plunging_to_ridiculous_level_Koon_Yew_Yin.jsp
10th March
https://klse.i3investor.com/blogs/koonyewyinblog/2020-03-18-story-h1484897539-Dayang_The_worst_is_over_Koon_Yew_Yin.jsp
17th March
https://klse.i3investor.com/blogs/koonyewyinblog/2020-03-17-story-h1484892642-Dayang_plunging_to_ridiculous_level_Koon_Yew_Yin.jsp
10th March
https://klse.i3investor.com/blogs/koonyewyinblog/2020-03-08-story-h1484749644-Dayang_The_worst_is_Over_Koon_yew_Yin.jsp
2nd March
https://klse.i3investor.com/blogs/koonyewyinblog/2020-03-02-story-h1484657385-Dayang_Margin_call_is_not_so_bad_Koon_Yew_Yin.jsp
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Discussions
17 people like this. Showing 50 of 243 comments
nowadays
website programming => 1 day can complete
IOS or Android App => 1 day can complete
tech is easy, its
1) Good Idea
2) funding
3) marketing the good idea
all these tech companies have zero customers and zero revenue for years and years already.
Tomorrow will be the same as today => no revenue tomorrow also
some of these companies take many months to upload a website => no skill at all.
and those Apps have very bad ratings by users in Apple Store and Playstore. => no skill at all
2020-04-14 20:55
Haha i3lurker,
qqq3 like to live dangerouesly. Fintec is a pefect trap to trap him and hang him dry.
2020-04-14 21:00
Posted by apolloang > Apr 14, 2020 7:41 PM | Report Abuse
I bought and sold dayang a few rounds already.....always buy low no problem
======
ok.....good for u.............
2020-04-14 21:14
d by OTB > Apr 14, 2020 4:41 PM | Report Abuse
Mr Koon should do well if he had listened to my advice.
I told him to sell all Dayang shares > 2.80.
======================
otb....I have not bought Dayang above $ 1.80...........does it make me a genius then?
why this OTB never want to miss a chance to boost his ratings? scared no customers?
2020-04-14 22:06
otb....don't be so arrogant....my little finger can beat u already........
what are u , otb? just a cultist.....
2020-04-14 23:39
d by OTB > Apr 14, 2020 4:41 PM | Report Abuse
Mr Koon should do well if he had listened to my advice.
I told him to sell all Dayang shares > 2.80.
======================
otb....I have not bought Dayang since it went above above $ 1.80...........does it make me a genius then?
why this OTB never want to miss a chance to boost his ratings? scared no customers?
2020-04-14 23:41
I ALSO WANNA DO OPEN LETTER LAH, for the fun sake of it. OPEN LETTER TO MY XXX WIVES, MISTRESS, SMALL sexy
2020-04-15 08:23
qqq3333333, come lah, you also do 1 open letter to OTB, so deeply in love you both
2020-04-15 08:38
Nestle appears.
Nestle: Don't ever make fun of my high PE again. Whoever compare with me barely lasts for a year.
2020-04-15 14:12
Sslee Haha qqq3,
I thought you are his royal dog. So fast change your tune already when you know he lost 90% of his wealth. No more bone for you anymore?
14/04/2020 6:43 <--- GOOD
2020-04-15 23:21
qqq33333333 Posted by apolloang > Apr 14, 2020 7:41 PM | Report Abuse
I bought and sold dayang a few rounds already.....always buy low no problem
====== Don play with fire, U r still young, worried that u will DAYANG (DIEYOUNG)
2020-04-15 23:32
No need to spend time to read his blogs..
All my super rich frens don't follow his counter... What they did is avoid from his highly trumpet counters.... He is not really wise man....
2020-04-16 12:39
Forest Gump became a multi-billionaire.
He did not lose 90% of his wealth.
please dun insult Forest Gump.
2020-04-19 12:38
Forest Gump only says nice things about people.
Forest Gump has not uttered a bad word from his mouth in his entire life.
Forest Gump never talk bad about people.
how to compare?
2020-04-19 12:43
who believe?
Koon is not Forest Gump
Posted by CharlesT > Apr 19, 2020 12:42 PM | Report Abuse
Really got idiots to believe koon's 90% loss in wealth bullshits...
2020-04-19 12:44
by i3lurker > Apr 19, 2020 12:38 PM | Report Abuse
Forest Gump became a multi-billionaire.
He did not lose 90% of his wealth.
please dun insult Forest Gump.
===========
maybe they have not done part 2 of movie..............coming ........
2020-04-19 12:46
Haha,
Is Forest Gump real?
Or just fiction America story?
Even if Forest Gump lose 90% of his wealth anything to do with Koon?
2020-04-19 12:59
sslee........its anectode..anecdotal....comparisons are never the real thing but does serve a purpose......
2020-04-19 13:01
Posted by i3lurker > Apr 19, 2020 12:43 PM | Report Abuse
Forest Gump only says nice things about people.
Forest Gump has not uttered a bad word from his mouth in his entire life.
Forest Gump never talk bad about people.
how to compare?
Answer : Yeah, Forest Gump was the most perfect human being even lived!
2020-04-19 13:02
like using 2 D to paint a picture of real world....never the same and some times, weird results.......they call illusions.
2020-04-19 13:03
like financial market bullish, realists bearish..........
which is the real thing?
2020-04-19 13:04
latuk......its all about attitude.....KYY too can be funny and lovable at times just like Forrest Gump.
2020-04-19 13:06
I think Mr Koon is very funny! He pump stocks and then dump them to obviously naive buyers! Over and over again! So hilarious!
2020-04-19 13:09
Latuk Seri Rick Walker > Apr 19, 2020 1:09 PM | Report Abuse
I think Mr Koon is very funny! He pump stocks and then dump them to obviously naive buyers! Over and over again! So hilarious!
========
the world is full of hilarious moments..............just need the correct attitude.
2020-04-19 13:11
Habis Jahanam .....kikikiki'i
Posted by 鼠不尽的福报} {} {. 钱赚筹码～ 筹码换钱 > Apr 16, 2020 12:39 PM | Report Abuse
No need to spend time to read his blogs..
All my super rich frens don't follow his counter... What they did is avoid from his highly trumpet counters.... He is not really wise man....
2020-04-19 13:24
Haha
Forest Gump only says nice things about people.
Forest Gump has not uttered a bad word from his mouth in his entire life.
Forest Gump never talk bad about people.
Do you think Forest Gump can survive in America society let alone become a multi-billionaire?
Only good story tellers, selling things you do not need or dream like Wawasan 2020, Wawasan 2030 or Wawasan 2050 can become multi-billionaire or nation leaders.
So who are the great story tellers in i3 and dream seller in Malaysia?
2020-04-19 13:24
SsLee! I think Harapan outpace Forest Gump! I mean, Harapan told us that Malaysia is like box of chocolate! But after we ate Harapan chocolate, it turn into turd at our rear end!
2020-04-19 13:33
KYY world views has always been over simplistic........so has Forest Gump.........
That is what makes Forest Gump such a popular and memorable movie...funny and lovely at the same time.
sometimes, many times, success in stock market , u need to be a bit more simplistic than the average guy. For otherwise, all the finance professors billionaires already.
The trouble with finance professors is called over thinking......that is the opposite from being simplistic.
2020-04-19 13:33
The trouble with finance professors is called over thinking......that is the opposite from being simplistic.
I know of people who over thinks stuffs and so , out of fear of being wrong.......they choose to put all their money in Insas and Xingguan.........and the rest is history...........
2020-04-19 13:35
Haha,
During one of his personal talk I attended, Koon say he dare to use margin finance to the full because he buy only uptrend shares and if he get margin call it is still a blessing in disguise that bank is doing him a favor of forcing him to take profit. So can he lose 90%?
2020-04-19 13:38
SsLee! I don't think we will hear from Mr Koon for a long time! Dayang game him good and proper! Going to miss his bragging!
2020-04-19 13:44
Sslee > Apr 19, 2020 1:38 PM | Report Abuse
Haha,
During one of his personal talk I attended, Koon say he dare to use margin finance to the full because he buy only uptrend shares and if he get margin call it is still a blessing in disguise that bank is doing him a favor of forcing him to take profit. So can he lose 90%?
====
the short answer is yes he can.............the drop was fierce and unrelenting..........but since mid March , margin calls suspended...........
2020-04-19 13:56
y Latuk Seri Rick Walker > Apr 19, 2020 1:44 PM | Report Abuse
SsLee! I don't think we will hear from Mr Koon for a long time! Dayang game him good and proper! Going to miss his bragging!
==========
$ 100 million to $ 10 million , nothing need to change, nothing has changed.
$ 1 million to $ 100,000 , whole life can be upside down..............
2020-04-19 13:58
Haha qqq3
Don't worry whether he only leave with 10 million, 1 million or 100K your master will be back sooner than you can say hello.
2020-04-19 14:11
Sslee > Apr 19, 2020 2:11 PM | Report Abuse
Haha qqq3
Don't worry whether he only leave with 10 million, 1 million or 100K your master will be back sooner than you can say hello.
============
85 years old, like Mahathir 95 years old........nothing will change as long as got last breathe.
2020-04-19 14:19
85 years old, like Mahathir 95 years old........nothing will change as long as got last breathe.
but the era of KYY/ Mahathir is over..........
and now the era of..............?
2020-04-19 14:21
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4.9 / 5.0
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....
i3lurker
after the 11,000 newbies from Rakuten came on board, I noticed that all those fake tech companies moved up instantly.
Strongman was screaming hoarse for years but these fake techs did not budge at all coz ALL of them dun have any revenue worth mentioning.
Its interesting that these 11,000 newbies find zero revenue companies interesting.
2020-04-14 20:42