I still made more than 30-40% on my other stocks which are still undervalued, including kpower, scib recently, pchem from rm5+ to rm6+,yinson and many more. You are like those who love to swim naked at the beach, not wearing anything and holding on tight tight.

Of course I sleep well at night. My ql from rm8 jump to rm9.7, what is there not to like?

You are like those who are laughing and say opportunity cost etc etc, while the real fact is... You have no idea what the real value of your equities are and if they will stand the test of time.

Let's see if you are smart enough to predict the low z that you can predict the high and sell off your trade at the right time eh kid?

I await with bated breath on your extraordinary ability to buy low and sell high.

>>>>>>
Posted by CharlesT > Jul 8, 2020 8:42 AM | Report Abuse

hold 10 years to make rm10m+ sold few months earlier to see opportunity loss rm25m+...how do u feel just wonder....

Are you still supporting mnrb or already cut loss?

I am trading in STAR, and investor with my other long holdings.

The point here is when you use TA or technical analysis (price action theory) to define your investment philosopy, uptrend and downtrend. In the long run, short term technical analysis trading gives you a lot of false signals. The shorter the time frame the more false signals you get.

the best way to "trade" if there is any good way, is to identify market perceptions based on news and results and to buy/short based on that market perception.

Investing is about ignoring share prices and market perceptions and trying to understand the earnings and growth prospects of the business.

Two very different modes of thinking.

Can you tell the difference?

Yes I heard that MNRB was also supported by a lot of idiots.

Rich Dad poor dad.

Hmm actually no.

Traders like ackman, Soros and dalio also won huge battle. Trading does not necessarily man daytrading. However those who do short term daytrading on average have 70% chance of losing money.

The most important implication is however mindset. Those that make real money trading do it based on either long term datasets, or long term perception changes in investor mentality. In a way it is similar to how investors look at long term business prospects, but instead looking at market perception of reality.

That is why I have never agreed with "technical" analysis mumbo jumbo to use simplified metrics like price action and moving averages to define trading rules.

Using this concept would have ruined you when tg probe dropped to 14 after qr good results, and take you offguard when price go up from 14 to 18.

This is because looking at the share price to base your perception instead of trying to understand market perception of reality would give a lot of false signals.


>>>>>>>>>

Posted by EngineeringProfit > Jul 5, 2020 2:05 PM | Report Abuse

In short, traders just aim to win a small battle in the shortest possible period while trying to minimize loss of 'soldiers'

On the other hand, investors are committed to a longer term engagement in order achieve a remarkable victory.

Both employ a totally different tactics, strategies and mindset.

If this strategy work for you how come you still driving myvi and can't pay for your kids college?


>>>>>>>>>>

Take for example of Sohai Philip selling pre maturely all his topgloves recently & lost the opportunity of making another 100% gain loh..!!

If only sohai Philip know...how to use trading strategy....he would have sold off 20% & hoping to buy back at 10% lower loh...!!

But if the price keep shooting up another 30%...he would have sold another 20% hopping to buy back 10% lower mah...!!

I will try to expand more, as trading can be a very very complex method.

Yaa.... should listen to stockraider

He promised 2019 after Chinese New Year:
1. Insas will be RM1.
2. Sapura will be Rm3 after 3 years and 3 months.
3. Henyuan will be worth RM25.
4. Insas warrants will fly to the moon

Don't know which is the real sohai here:


>>>>>>

Posted by stockraider > Jul 4, 2020 12:52 PM | Report Abuse

Forget about sohai Philip, he will never agree to your investment method mah.....!!

Well it depends if you want to be a short term trader or long term investor?

Since you seem to want to earn money every quarter from your investment, you don't seem suited for analyzing long term investing.

Why don't you join CharlesT in investing in glove stocks instead?

Instead of congratulating or asking funny questions. Perhaps you can ask yourself:

How much was the returns of your oil palm plantation in year one versus year ten? Is it a straight line how much you put in, the percentage is your profit?

If you still seek to argue and belabor this point, then I will stop replying here as you do not understand construction industry at all.

That's not how construction works.

This is like you doing clearing of 1000 hectares in Indonesia for Palm oil plantation and commenting that the first year your profit margin is zero and the plantation is losing money. If this is your frame of mind it is very difficult to invest in mega projects.

Relax and look at the total picture.

You are basing on 2 billion progress claim to say that the company is not doing well?

If using that mental model, a new plantation with investor money and zero income from Palm oil that venture into Indonesia, spend millions to clear land, build refinery and plant Palm oil, the first 20% progress losing money the whole project is bad?

HAR?

Come on. What are you trying to prove here?

>>>>>>>>>

Posted by Sslee > Jul 3, 2020 4:06 PM | Report Abuse

Haha,
Philip LRT3 profit margin of 10% now 2020 only show 0.1%.

Posted by CharlesT > Jul 3, 2020 3:07 PM | Report Abuse

now i very scare next year will lose like shit n then missing fm i3
>>>>>>>>>

Why you scare next year you will lose like shit and then missing from i3?

So fast trying to escape from bak kut teh lunch? oh no tut tut tut. Lucky glove speculation continue, you were missing from i3 for a while already. now back to your cocky style, so funny.

The simple answer is: Why? It is to the benefit and approved during last year AGM to issue 10% SBB in the open market.

FYI, how can we trust "shareholders" to act on behalf of the company and buy more gkent shares from open market instead of running away the moment they receive dividends? If the answer is you dont know, it is to the benefit of the company to do agreed upon SBB on behalf of the company.

>>>>>>>>

Q11: Why only two dividends totaling RM 13.44million for the year under review? Will the BOD propose paying dividend for financial end 31 Jan 2021? May I suggest, stop the Shares Buy-Back and use the cash to pay dividend so that shareholders can use the dividend received to buy more Gkent shares from open market?

Q5 is simple answer. NO, as this is not pertinent to minority shareholder. This information is for board of directors that direct the company on your behalf as a shareholder. If you wish to micromanage everything, then it is to your benefit to take a BOD position in the company by virtue of ownership.

Q4 is something called Pakatan harapan renegotiation.

Q1- Q3 very good questions.

These are very insulting and challenging questions that is designed to incite argumentation. May I suggest a rephrase?

Q6. May I respectfully ask what is management current tenderbook and orderbook replenishment?
Q7. Directors remuneration is RM7 million for 2019, and total profit after tax to group is 41 million. Share purchase agreement of 10% from open market. May we propose remuneration conversion to share purchase agreement or reduction of remuneration to preserve cash?

>>>>>>>>

Q6. For year many IBs recommended a screaming sell on Gkent due to rapidly thinning of construction order book due to no new contracts won. How is management going to rectify this rapidly thinning construction order book?

Q12. I prefer insider (Directors) to load up Gkent shares from open market rather than Share buy-back. If not mistaken the last time insider purchase is on 18th May 2018 by Dato’ Paduka (Dr.) Ir Hj Keizrul Bin Abdullah. May I know why insider not buying Gkent? May I suggest, Directors use the Directors’ fees and dividend received to buy more Gkent shares from open market?

Q1. It already more than 3.5 years since contracts awarded in Oct and Dec 2016. When will be the completion date for these two hospitals?
LoA was a 48 month contract as per tender requirements, please read the open tender documentation.

All I can say is stubbornness and confidence can be a difficult combination.
But sslee does raise a few good questions which cannot be answered easily and can only be monitored over a period of time on that happens.

>>>>>>>>

Rwkl Personal attacks , hurling of insults only on i3
However once on telegram, everyone is civil and exchanging constructive ideas
This UM grads.... what are they smoking.......

FYI,
Just to clear up something as you seem to be insinuating that I am faking my portfolio. Please understand and clear up that if total shareholding is BELOW 5% of total voting shares, there is no requirement or necessity to report to the register of shareholdings. Meaning I can hide behind my Maybank,rhb and public bank nominee cds account.

As for promoting, I am simply writing an article on how to apply margin in buying stocks with GKENT as an example of what I have been doing.



>>>>>>>>>

Then tell me did you promote Gkent since you first bought Gkent?
25-Feb-2019: Buy: GKENT +1,000,000: 1.12
And by the way since you hold millions of Gkent mind pinpoint to me your name in the top 30 shareholders in Gkent financial report?
01/07/2020 9:15 AM

Isn't this your first words to me when I posted up my article online? When I shared my journey you were so much quicker to judge and comment on my investment of QL, even until today about 2 years on. Funny how 1 year later you are still so quick to comment and promote INSAS 2inari buy 1 INSAS, despite lackluster results.

I'm sure in real life sslee is a fine person. But being a keyboard warrior he loves to just type and comment without checking the veracity of his investment concepts.

So far his concept of cigar butt value investing has been proven deeply... Wrong.

But instead of looking at what went wrong with his investments, he goes over by insulting mine.

Funny how that works.

INSAS 0.65
Ql 9.64
>>>>>>>

“I'm still waiting here for your amazing imaginary results.”

Thanks James, do join the telegram page to have chit chat over investment ideas... A lot of constructive criticism instead of just personal attacks.

Hi kong73, I am very impressed with your single mindedness in tracking your portfolio from 2012 until today. Kudos on your hard work and clarity. I hope to maintain a clear investment portfolio online as yours one day.

You seem to have shifted from a trading outlook into a dividend outlook throughout the years. It seems to have done you well compared to the constant buying and selling. I also started with the same outlook on reducing my trading activities in 2009 after losing money for many years before.

I noticed that in total you have invested 106.9k in cash to your portfolio over the years, with a stock portfolio worth 115k today.

Please keep up the good work in tracking your portfolio returns and I hope you do well in your investment over time.

If I knew the future I would be a gazillionaire. But my investing philosophy is to see what they are doing currently and where the growth triggers are. So far I don't see anything that LHI is doing for them to be as good as QL.

If I was LHI, first I would add more agricultural base. Instead of marine, I would look towards the growing the cow and milk production in Malaysia which is majority imported. This would give me confidence that LHI is diversifying within it's area of competence ( agriculture). Then I want to see them venturing to end user business with frozen food and own brand manufacturing ( family Mart, 7-11, Cold storage). These would be the growth cycle within it's area of competence that I want to see happening that would put it on its way to being a QL or CP or Tyson.

It's like in palm oil plantations. First you want to see them start with their own nursery selling to plantations. Then when they start growing their own plantations you feel more confidence. Then when they start building their own refineries you feel more confidence on their economies of scale. Then when you see them starting to produce their own downstream products and finally exporting own brand products then you know they are growing the right way.

I look at potential growth in terms of capabilities, not just size.

You could be the biggest chicken and egg producer but still not grow.

But if you can add complexity and vertical integration you will realize the growth is exponential.

The simple answer is I don't know about LHI, but they are currently not adding capabilities, only size.

That is why I put my full portfolio so you know the position size of gkent in relation to my entire portfolio. You already know what size is gkent to my other investments.

If you read halfway then you only have yourself to blame.

At the same time you only read INSAS and QL story halfway and make assumptions on the long term prospects of both companies. Since you use simple metrics like balance sheet and accounting figures to define your investment philosophy instead of making more effort to understand your investments like buying the products, reading the industry journals, market reports, business journals, competition performance, and just use simple metrics to define your investment knowledge.

You have only yourself to blame for your poor long term performance since 2016. Sadly, even worse instead of asking the right questions you keep repeating the same investment philosophy and keep repeating the same mistake year after year

2016 - xinquan
2017 - hengyuan
2018 - insas
2019 - jaks
2020 - tunepro

Year after year after year you keep repeating the same mistake even though it doesn't work for you.

So what has happened?

You missed investing in QL, missed investing in topglove, sold gkent at 50+ cents, sold Pchem at 5+, you have made trading away good stocks and holding on to bad stocks your habit.

Then you go around asking me to show you my details and my shareholding position and prove to you this and that and whatever, as if I have anything to prove to you.

Simple, let us let our INVESTMENTS do the talking. Why do you keep talking about GKENT and QL everywhere and Keep reposting things everywhere?

Please do share one investment so far which is giving you joyful meaning returns so far and how much of your portfolio size is in it?

I doubt you can. Maybe it is time to move on with life and improve your investing acumen.

Hopefully old dogs can learn new tricks.

Yes definitely. Why not?

See? Promotion again. But can you explain why INSAS price is 0.63?

Sorry I value my privacy. Like you said in your very first comment to me that I live in a imaginary world and your investment is so much better. I don't see why I should share further than what is already shared on my online portfolio.

You like to ask for so much info, but you yourself do not maintain a trackable portfolio of your own investments.

Maybe we can discuss further next time that you do that.

You have been promoting INSAS with your buy 1 share of insas get 2 share of inari etc from day 1.

I'm still waiting here for your amazing imaginary results.

FYI unless you haven't figured it out yet, my i3 name and real life is different.

Maybe zen and sslee should just put their life savings into companies like liihen, which is trading at a pe of 5.6. I'm sure the dividend and their capital will have been very well placed the last 3 years investing in liihen...

You do know that their business is not just family mart right? Did you hear about the huge new expansion into Vietnam and Indonesia where they spent capex to double production? It should be completed by the end of the year and earnings to be reflected in 2021...

FYI for this who don't know, the pe has been too high since 2016.

QL is now a 15 billion company with long term performance that can see huge runway moving forward so they are spending every cent in growing the business. The business is stable enough that they can afford to pay huge growing dividends every year as well.

I find it funny how everyone keeps commenting on the pe, even though the revenues have been growing like crazy in a very tightly competitive environment. It's like finding a tiny 5 foot guy who can jump like Michael Jordan and beating all the other giants.

But everyone keeps looking at his stature to define his capability, instead of looking at the market dominance, and the capability of QL.

The only rebuttal I have is this: how has your own low PE stocks performed over the past few years?

Keeping here for my own record. Interesting investment concept. If a crisis happens, all bets are off and price to earnings ratio becomes fungible daily concept. If a cruise ship arrives for the weekend, we should buy everything that deals with the tourists.

>>>>

Posted by OTB > Jun 30, 2020 10:23 PM | Report Abuse

Ans :
All readers in this forum will believe you 100% if the PAT of Supermx is 388 million or 428 million in Q4 2020 results.

If PAT is 388 million,
FY 2021, PAT should be at least RM 1.552 billion.
EPS = 1552/1360 = 1.14
PER = 15, the target price = 17.10
PER = 20, the target price = 22.80
Any of aforesaid PER, we are laughing all the way to the bank.

If Covid-19 lasts for 3 years, please read the below link.

https://klse.i3investor.com/blogs/kianweiaritcles/2020-06-29-story-h15...

Most brokers in town use PER = 26, the target price = 29.64.

I feel shy to calculate if PAT is 428 million.

Thank you.

Posted by Philip ( buy what you understand) > Jun 30, 2020 10:16 PM | Report Abuse

OTB, you really think Supermax can be a 50 billion company valuation and be bigger than PCHEM and public Bank? How many years of covid-19 are you expecting for it to get 1.5 billion in earnings every year?
------------------
Ans :
I do not need to think. I do not bother Supermx is bigger or smaller than Pchem or PBbank.
I have my strategy ready "how to deal with this Miss Universe stock".
All data is ready in my head, I need to know what is PAT for Q4 2020 only.
Presently, I am already sitting on the gold mine. Left hand is gold bar and right hand is also gold bar. The difference is only the weight.
Thank you.

OTB, you really think Supermax can be a 50 billion company valuation and be bigger than PCHEM and public Bank? How many years of covid-19 are you expecting for it to get 1.5 billion in earnings every year?

>>>>>>>>>

Most brokers in town use PER = 26, the target price = 29.64.

I feel shy to calculate if PAT is 428 million.
Thank you.
30/06/2020 10:11 PM

This is not how you do comparative growth analysis. It would be difficult if not impossible to look at long term growth prospects by just mixing in parts like this to look at the quality of business.

You have been trying to bring down QL stocks since January 2019 with your condescending comments on my sharing of this investment and my experience on this stock and every chance you get you try to promote INSAS while trying to bring down QL.

Now it would be useful if in 2 years you are right and INSAS really rewards it's shareholders and QL overpriced and overvalued stock tanks.

However even after 1.5 years of your comments, the truth remains: your history in investing in INSAS is dead wrong, and my long term returns in QL has given me wonderful earnings.

Now, you can say whatever you want and comment all you like.

The fact remains:

You are wrong and know nothing about INSAS nor QL future prospects.

So why do you still seek to try to comment so much on QL as if you know anything about it? You are no different from those investment bankers promoting their TP and analysis with nothing to lose by being wrong.

I think you are better off just avoiding investments and talking about it and sticking to something which will not hurt you financially, like talking about politics and religion.

You seem more cut out for it anyway. In fact, you are far too stubborn and inflexible to learn from your own investing mistakes, as you seem to love repeating it over and over. I think you are better off putting your money in an index fund for sp500 or China A500 where you don't have to think about businesses so much. To invest in the market is to understand the business and the long term prospects of the business. You seem to be happy to just look at the very tip of the iceberg to define your investment criteria. Not only is this dangerous to your own financial health, you promote INSAS during investment talks and share your thought on blogs with new investors in the market, influencing them to also follow you in making bad business decisions.

There is a fine line between ego and confidence. Confidence is when someone is right, ego is when he is wrong but he still thinks he is right. How many more years need to pass by as investors make millions from investments like topglove, yinson, QL etc when the eventual consolidation comes and you can say AHA! I told you I was right, QL drop therefore it is BAD!

So I will just keep quiet and let you continue using your methodology to buy stocks, hope that you make money successfully. Hopefully you will avoid buying things that I am buying and letting me grow my position over time.

No I don't think so. I think those QL shareholders have all been turned into millionaires and billionaires due to the excellent growth of the company.

It's already been 2 years. I hope you can stop just talking like you know what value investing is, and show some results from your value investing into your own wonderful stocks.

Until you do, all your comments about QL sound like sour grapes from someone who isn't even a shareholder.

If you can show better results in the past 2 years with any of your own investments I would love to hear them and your thinking in investing in them.

Until then, you only sound like a bitter amateur who is unable to show good results of his own so goes around commenting about other stocks which he has no experience or understanding with.

I expected better from a UM graduate.

Sure thing sslee. Whatever makes you happy. Been chasing high for 2 years now right? Overvalued pe50 from 6.7 until now 9.8...

I think you should stop buying based on investment banker and kyy recommendations.

I don't think your investment strategy based on "cigar butt value" investing is bringing you much joy.

From 2016 until today 2020.... How has your investment results been?

Take my word for it: QL is an excellent business. You just don't know how to value it. I won't even bother to explain why, as you have a confirmation bias already built into your kind that INSAS is a wonderful investment and QL is a horrible investment, despite all the evidence to the contrary.

Then may I ask a simple question?

Can you explain why from 2017- 2020 the share price of QL had been on such a swift rise?

No, people chase high because QL is a very very STABLE stock with low volatility in earnings, consistent growth of revenue and earnings over time, and huge capability to grow earnings without going hat in hand to shareholders and asking for share placements, warrants, private placements etc. It is not prone to technology disruption, the competitive imbalance just grows over time over competitors like CCK, layhong, teoseng and LHI. Most individuals do not display a capacity of investing in wonderful companies because they are full of fear and believe things to be "overvalued". Guess what, many people have also missed the growth and earnings of Berkshire hathaway over time.

Why is Topglove up so 400% over 1 year? Why is QL up 37% from jan 2019? Why is Yinson up 50% from Jan 2019? Those are questions which you must ask yourself carefully over this period as stocks in insas, tunepro, bjland, jaks etc all tank...

Covid and crisis resistant stocks will never sell at a discount.

>>>>>>>>>

So people chase High because of Bonus share issuance?

Insas report loss quarter because of unrealized AUD exchange losses and fair value changes of financial assets at fair value through profit or loss (quoted securities)

But QL report profitable quarter with some hidden accounting reporting in small print Foreign currency translation differences for foreign operations: RM (64,447,000)

Personally i happen to agree with Morgan Freeman. The day we stop thinking of myself as a Chinese man or a Malay man or Indian man and start thinking of myself as Malaysian is the day Malaysia moves forward.

We can celebrate ethnicity without pushing racism as a means of controlling population and gaining favors.

Even today we teach our kids about racism, about how some children with 7A can get full scholarship to study medicine while others with 15As can't get scholarship for medicine because of the color of their skin. Or how some individuals get huge benefits like asb and 5% housing discount over others and how some land can only be bought by bumi. Funnily enough, the very fact that this racism happen has caused the land value of bumi lot to drop as it is not accessable to everyone.

Let's stop talking about it, let's stop teaching our children about racism. Let's just concentrate on looking at people as Mr yusoff and Mr Chin instead of this white guy and that Chinese guy. Once we stop segregating individuals and choosing our friends based on skin color we will have a better future.

I guarantee it.

So let us forget about Malays and colonialism and Malaysian Chinese and making that divide larger. Let us teach our kids to respect Malays as Malaysians and I believe they will do the same. This deep seated racism is being fanned out in public to no good end.

Sslee, please stick to stock investment. This is a stock investment website. Stop fanning racism and political comments here and STICK TO STOCK INVESTING. Probably your investing will get better then.

>>>>>>>>>

https://youtu.be/FRnTovm26I4

I don't know which is sadder, that stockraider will continue to invest in horrible business like INSAS, NETX, that are losing money for him? Or he will continue to miss out on wonderful ten bagger businesses like QL and topglove...

So losses in income? Oh no. I'm still enjoying my 4.5 send of dividends with huge increase in share price, and multiple splits thought the years. Profitability of business and excellent growth opportunities. Everyday say overvalued, but who is the one buying netx at 2 cent and 3 cent drop to 1 cent, and bought INSAS at 80 cent drop to 63 cent with reported losses. I'm sorry stockraider, you are still going to owe me bkt by the end of the year. Unfortunately knowing your character, you are going to continue bullshit and weasel your way out, so I don't want to waste my time entertaining you.

I find myself buying too many stocks lately, as the deals and heavy discounts keep coming up. This is probably the most fun and activity I have had in years, as things are getting cheaper and cheaper.

Added small positions in property counters uoa development 1.71 and paramount 0.91 so I can monitor longer term. The theme is property developer with high cash levels, low gearing and selling property around the 300+k range. I believe as time goes buy more cheap distressed landbank deals will turn up for investments possibilities. So I am starting a small position first to participate in this idea with the view of the longer term.

Hmm I think beating a dead horse for half a year is enough as we have already ascertained the quality of Calvin tan investments. I am no longer interested in learning his investing methods.

I am however interested in learning more about yours. What new or existing positions are you holding currently in stocks during covid-19 period?

Care to share?

Why invest in something unknown with no financial impact or traction versus investing in something concrete and signed with profit margins and earnings guaranteed by government? I don't understand that.

But we shall just sit back and monitor as time goes by.

>>>>>>>>>

Posted by Sslee > Jun 26, 2020 9:48 AM | Report Abuse

So please allow me to sell you this future growth prospect of INSAS story.

[KUALA LUMPUR (May 29): The Malaysia Automotive, Robotics and IoT Institute (MARii) has partnered with Sengenics Sdn Bhd to develop ‘ImmuSAFE™’, the world’s first qualitative and quantitative Covid-19 test kit for industrial applications.
MARii said it has signed a Memorandum of Understanding (MoU) with Sengenics that includes the development and commercialisation of products, services and technology related to health management systems, as well as high-throughput diagnostics for communicable diseases in industrial and commercial settings.]

I WhatsApp Dato’ Wong,” Is the above JV business deal very promising for INSAS?

He reply, “Insas owns 17.4% equity interest in Sengenics and I sit on its board from day 1. Yet to get financial impact from this MOU but Sengenics business & patents are getting traction and we signed collaboration agreements with world top pharma companies who will do R&D on patents owned by Sengenics”

I think everyone is waiting for results to catch up. If you believe that lrt 3 earnings, hospital earnings and mrt2 earnings will come in, then it is good to hold it build up position. No point in scolding young bank analysts or their reasons for holding. We need to build our own estimates.

>>>>>>>>>

Posted by SHQuah > Jun 26, 2020 8:51 AM | Report Abuse

Just don't understand, Gkent with a NTA net tangible Asset of 93.33 cents. Cash rich, land, building and equipment plus good will worth more than RM1.00. Why so many stupid bank analyst with shit brain come up with TP 50 cents ?. How do they qualified to be stocks analyst. Do you think the know how to read financial report and Balance sheet ? They only looking at revenue and profit.

As for gkent they have gone through 2 quarters of grueling covid-19 work stoppages without losing money. Moving forward will their results be worse or better? As their work progress has returned in May, I firmly believe the answer is yes.

How much earnings from sengenics per year and what is the revenue today as per latest quarter?

>>>>>>>>>

Posted by Sslee > Jun 25, 2020 2:22 PM | Report Abuse

Dear Philip,
Should I sell INSAS now and buy Gkent?
Or do you think Sengenics has potential to grow into INSAS cash cow even bigger than Inari?

If agree with you is a genius, if dont agree with you is a liar. Normal activities of speculators.

Yes this is how you use margin, to buy things when they are cheap and use cash to buy and hold for the long term. Those who only keep cash waiting for market crash will be paralyzed and unable to buy during downturn.




>>>>>>>>>


Sslee
3309 posts
Posted by Sslee > Jun 24, 2020 8:48 AM | Report Abuse

Good morning,
Will listen to Philip advice, " bought it at 50 cents and sold it at 67 cents to reduce risk."

Ql is not a trading stock. Never was, never has been. Those who profit are those who bought and hold over 1 year, 2 years and 3 years period. If you buy Berkshire Hathaway hoping to make money over 1 month to 3 months, then sorry it just doesn't work that way. For those who are patient and can keep over the long term, then it will be very profitable