In many cases, once VVIP n VIP started to buy in, especially for those small or mid cap counters, prices will move up a lot. When the broadcast was made to the normal clients, chances is that price might oredi went up more than 50%.
For example, the price movement of Johotin-Wa, Canone, Chin Well etc during Q4 2015.
Posted by Ooi Teik Bee > Jun 15, 2016 09:41 AM | Report Abuse
In many cases, once VVIP n VIP started to buy in, especially for those small or mid cap counters, prices will move up a lot. When the broadcast was made to the normal clients, chances is that price might oredi went up more than 50%.
Ans : It is not true, all share the same information. No preference is given to any party. Thank you. Ooi
But u just admitted so in yr article. U bought first, then followed by VVIP n then VIPs n then RM960 Clients. There will be difference in timing of buying. As VVIP owns few hundred millions fund, when he started to buy in big prices will fly to the sky...
i see a lot conflict of interest here especially when OTB have different profile client base (VVIP, VVP, normal client), i still think that VVIP and VIP will get the advantage as compared to normal client.
murali, good job in stir up this discussion, as least now the public know more about how OTB operates, so that they can make their decision whether to subscribe to his service, for me, is a big NO NO after knowing the above.
Actually very easy to see. For RM960 Clients please check the timing of OTB's buy calls on Johotin-Wa n Canone last year and compared to the price charts. U will see when the buy calls was made prices oredi up 50% at least.
Yes, shared the info but on different timing and prices. That's why u dont make money but they made. Simple.
as any licensed planner will tell you they are not allowed to take any position whatsoever manner to avoid any conflict of interest. what they do AND still do ( i.e. some ) might buy in another person account to avoid any issue. If they have any interest in any particular stocks or holdings they need to declared their vested interest. this is to share what the industry generally practised. i am not in a position to say who is morally right or wrong
Please note that I am not a fund manager, I manage fund for Mr Koon is on friendly term only. He just wants me to help him to make money from stock market. He has no say in my selection.
If it is a conflict of interest, I wish to stop and invest for myself only. I do not need this VVIP to earn my commission. He knew this term clearly.
actually, my remisier freind told me he can't use it own account to place orders, conflict of interest issue, he will get into trouble if the SCC caught him do so, i am not sure how OTB get away from his current practise
But VVIP VIPs receives yr buy calls first, it could be day or weeks in advance...Anybody here believes Koon YY sees yr buy calls at the same with us thru yr broadcast or weekly updates?
Posted by tkp2 > Jun 15, 2016 10:08 AM | Report Abuse
actually, my remisier freind told me he can't use it own account to place orders, conflict of interest issue, he will get into trouble if the SCC caught him do so, i am not sure how OTB get away from his current practise
Ans : Please check with all remisiers whether they trade or not. Thank you.
I never follow yr buy calls one as i knew how the system works. Anyway i will start to sell when my counters appeared in yr uptrending stock list and prices move up more than 50% within 1-2 months time.
Wow. This is a good revelation indeed. At last we can know how the system works. OTB, you know that I'm very critical in my statements. But I must say,
Your Investing and Stock Picking is top notch - I dare say one of the best, but Your overall own business acumen & handling is shit tier.
If you don't know how to manage your VVIP, VIP, Common clients then don't. Just focus on your VVIP and VIP group only. If you want to focus on commoners, cut out the VVIP and VIP but we both know that the commissions you made from them is too much to let go therefore the best is to cut out the commoners.
Like I said, you have all these going as a business and I respect that. But it is still shit tier. Sorry. Maybe it is time to 'right-sizing' your business?
the point here is i know this is an open secret, but OTB publicly collect money and do it, i strongly suggest that he check with his lawyer because he get into trouble, if anyone send a complain to SCC, then.....
I forgot something.. Then again, OTB cannot cut out the 'herd' right? It is important for the system to work. Or else how would the VVIP and VIP clients able to sell high.
Posted by Up_down > Jun 15, 2016 10:21 AM | Report Abuse
The best option is to set-up a funds management company and be a funds managers drawing salary. No more people question your noble intention anymore.
Ans : I do not wish to set up fund management, I want to retire but I just cannot do that. I need to retire fast so that I can enjoy my holidays in China. I earn my money at the expense of my health. I still prefer health than wealth. Thank you.
Thanks for the reply OTB. Very commendable to have a dialogue for this. I understand if you are motivated and afraid to lose your common clients as they are reliable passive cash flow.
But being active in discussion like this is commendable whether you are right or not. I don't think you are right personally. But I must give you credit for this. Like I said, I'm critical. So credit is given when it is due.
Please note that I am not a fund manager, I manage fund for Mr Koon is on friendly term only. Above statement nailed it man...manage money on friendly term..murali let's be frens..then u give me money I manage very friendly for u...hahahaha
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....
murali
5,723 posts
Posted by murali > 2016-06-15 09:08 | Report Abuse
TQ for taking yr time to reply.