John Lu sifu, one solid like steel to Calvintan selection is to Run fast fast or one should panicly selling his position while Calvin promo. ' I call it Headless chicken HoorayCon Effect ' I find above very convincing indicator . Must respect to Calvintan Chun Chun laosai Pick . Kiki
Hibiscus is an empty hot air balloon stock just like IFCA last time.
All who chased IFCA above Rm1.00 to Rm1.80 finally suffer horrendous losses when it crashed 3 time limit down to below 30 cts later!
And all who chase hibiscus now will wake up in panic when Feb 2017 results show A DRASTIC DROP!
So trade carefully please.
Better don't be greedy and get out early.
See comments by Dr Neoh Soon Kean
We are all at a wonderful ball where champagne sparkles in every glass and soft laughter falls upon the summer air. We know, by the rules, that at some moment, terrorists will burst in through the terrace doors, killing many and scattering the survivors. Those who leave early will be saved, but the ball is so splendid that no one wants to leave while there is still time. Everyone wants to enjoy one more dance and sip one more glass of champagne. So everyone kept asking: "What time is it? What time is it?" We look around and find that all the clocks have no hands.
This may be a surrealist's way of describing the stock market but Goodman's parable has a great deal of truth in it. Of course, we know that in every speculative boom of the past, the 'terrorists' did come when most of the guests were still enjoying themselves at the ball. As 'Adam Smith' implies, nobody knows when a speculative boom will end but end it must for that is the rule. At every speculative boom, not many of the small speculators escaped with their gains made on the way up. Most of the smaller speculators known to me eventually lost all their gains and much more than what has been gained.
Some even lost a large part of their original capital. Thus on the next occassion when you happen to find yourselves at this type of a ball, try to leave early. The problem is that once one is caught up in the fun and games of the party, one is apt to lose touch with reality. Chances are that believers of the Greater Fool Theory will hang on to the bitter end, only to be slaughtered. It is better to miss a few dances or a few glasses of champagne than lose one's life.
In concluding this section, an anecdote about Bernarde Baruch, generally acknowledged to be the greatest stock traders of the 1920s is related. He was once asked how it was that he remained so rich while many of his contemporaries had declared bankrupt. This was his splendid answer: 'I always sold too early.'
Calvin comments:
This greater fool theory could be applied to stocks like IFCA, Sumatech, VSolar, XOX & others
I have people telling me I missed IFCA on the way up. Calvin does not go gambling in casino Greater Fool Type of Stocks. And how they missed a fortune on the way up due to my warnings. And how they finally lost all their 'profits and all their capitals' for overstaying. Now I am not here to tell you how to punt or gamble. I am here to warn of a Greater Fool Stock. And this hibiscus is another greater fool stock!!
All will have to be responsible for your own actions in investment.
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....
John Lu
5,187 posts
Posted by John Lu > 2017-02-03 23:17 | Report Abuse
Calvintan...i top 8 and u tap 185...u shame or not??