bro apolloang, i m cautious as well but since i havent seen anything to make me change my stance, i will just be holding onto my position for now. wont be adding on since i alrdy did a round of add-ons recently and prices now r not attractive for me to bite.
but lucky so far, tun @calvintaneng has proven to be toxic to most of the stocks he promoted. he havent reached the stage of being toxic to the general market and cross our fingers, he will not reach this high level stage.
me are semi retired liao and got almost 1200 stocks to choose,so wat I do is let people to the analyst for me and I try to buy cheaper than them......hehe
1997-1998 was golden time to pick up on cheap stocks.
really a pity i was still in high school back then with no own cash.
i told my old man to sink everything into a few good bank stocks, he instead go listened to a southern bank idiot and went to buy jb properties. really is dumb and i have been 'lecturing' him on his stupidity since then.
that time I personally saw a fren of mine in the priority room bought 1 mil genting stocks at 3.20-3.30.he sold at 10 and it went up to 50.that time I also seldom buy blue chips,but I bought several battered 2nd board stocks like MCL,HWGB,LB Alum and make quite a lump sum
I bought MCL at 1.00 and sold at 5.00.MCL down from 55.00 to 1.00 only.i bought LBAlum at 2.50 sold at above 8.00.also rohas euco,EPE and many more....hehe
he bought more in CPbhd at 2 something only.he hold for more than 1 year cannot up,after he frustrate and sold all it went up to 25.anyway he damn rich already got at least 50 houses in penang and bworth
I still speculate sometimes but I dare not hold a lot if prices too high.my fren nowdays also told me he won't buy speculation stocks anymore.nowdays he just buy blue chips cos he said nowdays bankers in control and hard to dispose if buy a lot.so he into blue chips only
no need computers all most of the counters u mention I know lah.when u schooling u read text book,i read invest digest,annual reports,i got so many books on stocks
thats why i find it quite unbelievable when a retired stockbroker told me, like what u said, that old timers back then did alot of reading on so many annual reports and investor digests.
i, for one, is not able to do all these readings.
but i supposed every era has its own way of doing things.
my fren also can call him sifu lah he's not educated also he's so rich.he told me he only hentam stocks when everyone is selling and hold till everyone is chasing then he sell.he might not sell at the highest but each round he will make a lot.
Yes. Stocks or body in motion will always be in motion unless n until it is forced to stop by an external force. Sound familiar ? In the stock market context, it's the Black Swan that can only forced the Markets To Collide, always. These r 2 world famous books written by 2 arabkia in the US, 1 from harvard n another from NYU.
Market correction no problem at all? If no problem why the heck all financial market (fund Manger) is observing closely? Do you know what causes this correction at first?
You should start worrying, because is time for you to review your portfolio and ask yourself should you maintain your current portfolio or restructure? Is the price that you bought is overpriced?
Besides, is't not 1 day drop, The index has been dropping since last Monday, and is already close to 1100 points dropped. Will it continue this week, no one knows, but most likely yes.
Cut lost now, and buy back later when the market is more stable. Besides, when you have cash on hand, you can alwasy buy into rising share. It's better than you cash is stuck.
When invest in APAC, Malaysia is not always the First choice lah, don't promote Malaysia is the best as if there are no other Market to Invest.
When forign fund invest, they also do alot study and will invest in potential share,,,do you think they chin cai chin cai invest?
come out the reports as soon as poosible ya....I need some joke for this red sea ya.....beside they are a lot of flaws in your so call 1st research ya.
so do u still want my dbs private banker give u a lesson on exempt accounts for private client at mfc???
ur jurong point is too low class for me.
lol........
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Posted by apolloang > 2018-02-04 23:56 | Report Abuse
yeah bro joe need to be careful that's why I slowly accumulate only.if more cheaper I can buy more