Whenever i forget not to gamble, i make a loss. The loss is almost coming form swelled head.

i hv a bad following at Rm1.6. I am not going to do anything until it is Rm1.

Looks at the price of last ten years. It is like banker and dealer gambling.

Well in ENG it is just gambling. What is the rule of gambling then?

The good timing could b at the release of 3rd quarter results by end of Nov. By that time the floods should hv subsided. Dato has also put in notification to deal with securities.

Well u need to hv bigger margin of safety than usual. I cant read the HDD industry consolidates like a book. But it looks like top down approach from Hitachi Seagate and Western to chain of supplier like ENG. The ultimate aim is either WDD or Hitachi Seagate takes a big stake in ENG. The floods might hasten the consolidation as small players cant survive more than 6 months. Well there could be change of strategy but not the whole industry. IF Eng could plough along next 6 mths, there would b better price.

When u buy in, u must always assume company will survive. Looking at Eng cash pile, i assume they survive for next 6 mths. Valuation minus MGO minus cash depletion could hover at low range with the hope of MGO as HDD consolidates. Sitll sounds like gambling Not investing.

well in cyclical business like HDD and property u can always try to buy at low range and sell at high range. U sell at low PE when the business peaks and buy at high PE when their business slumps.

for stock selection u really need to choose big cap as no matter how bad the situation is the company and mgmt has means to withstand financially.

Secondly it is good growth resilient business. THis is ensure stock will make new high with each bull run. Well in bear they make higher low.

U know good stock will come bk as rain and shine or flood their EPS and Div is still growing. While waiting u wont mind collect their div.

Even at low range of RM1 to Rm1.2 u have to assume HDD industry has good prospect to recover fast in 6 months time.

Well Dato sells down means sell down. That is his own portions. The balance of holdings is from ESOS and IPO holdings. Morally He cant sell the balance yet.

Minus privatised plan and Thai operation A good buy at RM1 as it is still cash rich.

On a light note those who avg down heavily should have so much faith to their beautiful Thai PM

thai gov is famous for coup.

very cyclical business n speculative for last ten years. low range is 50 cts to Rm1.5 and high range is Rm2.5- Rm3.5. Well normal fluctuation for cyclical business.

Averaging down is something like i know i am wrong But how can i be so wrong. I dont believe i can be so wrong.What if u keep on being wrong.
BUT if u think u can be only be wrong to small extent Then u can try average down abit with good money mgmt. Well if u think u can only be wrong to small extent, u dont hv to avg down sometimes.

Well remember one thing that will totally destroy yr money management discipline and wipe u out is average down heavily. This is survialship issue. Dont think u are always right but what if u r wrong.Handle the money mgmt properly and do the right thing.

pricing is always a key issue. At certain price u hv to rebalance the best stocks Conversely, u can still make money out of lousy stock at certain price. But the key is always to make money SAFELY.

It is just both theory and practice. But iam not gambler class. I wont love a stock. I would sell LPI Nestle Public United if conditions is not right. I wont argue that i am right. I would admit mistake and take losses and wont add into loss. I wont fight a losing war. And iam always a student.

Well i wish uncle like it. Just abit of study of general conditions and summary them and size it up and anticipate probabalities.

Well i wish uncle like it. Just abit of study of general conditions and summary them and size it up and anticipate probabalities.

this must be uncle Richard. If iam wrong i would cut my losses. It wont bother me at all. If iam wrong and i didnt cut my losses it will hurt My SOUL.

mkt will keep everything that u throw and keep quiet. U really wonder mkt will surely bust if everybody is throwing everything they dont want and accept it quietly.

it is just my opinion that when the risk is at the greatest in market. Everybody will do the simplest thing that is transfer out the risk.

it is a simple decision and hard one Either i c u at EGM or I c U busted.

do u know this stock can go up 20 cents in aday as well? U must really really think this is the LAST AND BIG candie and i must have it.

technical guy will study the chart all day Fundamental guy will listen to news for next 6 mths. Take lah the next candie. It will exhaust u for next 6 mths.

if the dog does not take the next candie, they would expect more stick. Do u really think there is candie candie candie candie candie candie???

stick stick stick stick stick stick stick stick stick stick candie stick candie stick candie...It is like training dogs to take the next candie. Nobody will make it to EGM.

so next time diversify into at least 10 big cap growth company with good div with certain re-balancing to make sure min 30% cash.

U hold the stock at this price until company goes bust ya.

When price goes down people panic sells. But Smart Sucker will average. They always hv wisdom to buy at low price. When price goes up they would SELL.How long would they last in mkt? They forget the main principle is DONT BE A SUCKER.

if u can make it to EGM it would be a investment baptism for u.

Hmm.. there would b complete buyout of minority in the open market. Nobody stand a chance to attend the EGM.

as usual the research n downgrade will create some volumns and sentiments.

it is the joke of my life that the fund house downgrades a company becoz of natural disaster. U should never do that.Be professional. Period. We know recovery is the fastest once floods subside.

Where got fund house downgrade a stock becoz of natural disaster such as floods? This must be a big joke. Commom sense will tell u recovery is the fastest once floods subsides.

We would never downngrade a industry because of natural disaster ya. Period. Period.

Well said and research but...u know let me downgrade OSK research. OSK unit trust top 5 shareholdings across the funds is CY PARK Fabers TImedotcom. Look at their price performance over time.It is no brainer holdings. For us look at the name of their top shareholdings will scare u off.

Only study the last line of defense that is manutacturing figures.

The rich will get richer and the poor will get poorer because of mkt volatility. The rich knows first u cant stand mkt volatility second u dont have deep pocket 3rd they also know u r very very impatient.

Even i warn u now. U would still sell to them at lets say Rm1.99. They wont let price abv RM2 so easy. So u cant wait.

There would be a complete private buy out of minority for price below RM2. How? Remember u sell to them ma.

if BIG boys still cant get yr shares They will do one last things. That is move up the price. With price moves up and with so much negative news U WILL SELL.

technical plays important parts as well but should we emphasise too much? A complete technical should hv profit target and cut loss as well. But should we learn and emphasize more on mkt phychology and money mgmt? Slowly u move away from technical bcoz now u hv a bigger picture.

U could count the volumn abit I estimate they would want to accumulate abt lets say 20,000,000 shares. Then selldown should easae.

That is why my first statement yesterday and impressions is systematics selldown.

Anyway when director buy people buy. When director sells people sells also.

As Richard says, this is the DARK ART.

People r out there to get yr share ya. After privatised announcement he bought but prices drop. NOW he sells, u can guess what BIG boys is upto. U must wonder from day one price never goes up abv Rm2.3 u must wonder why. Is it episode planned from day one???