the most basic, the most fundamental issue is.......steel got demand meh? bad debts among steel players will kill them already if nothing else will. The more they sell, the worse it becomes.
steel counters and hard assets like steel manufacturers are the worse place to put money.
a lot of local funds with a lot of cash are finding it hard to invest logically and professionally on a value/ earnings PE basis. The traditional link is broken and systematic risk is high.
what remains is technology shares that still attract local funds to park their money that they have to invest.
hard assets like steel shares? this is only for stubborn people., unrealistic people, people divorced from reality.
JAKS - My Most Expensive Mistake - Koon Yew Yin Author: Koon Yew Yin Publish date: Sat, 8 Dec 2018
Based on our average selling price of 80 sen, our average purchase price of Rm 1.20 per share and our total holdings of 160 million shares, we have lost Rm 64 million. Coincidently this is the 64 million $ question many people have asked me.
JAKS - My Most Expensive Mistake - Koon Yew Yin Author: Koon Yew Yin Publish date: Sat, 8 Dec 2018
Based on our average selling price of 80 sen, our average purchase price of Rm 1.20 per share and our total holdings of 160 million shares, we have lost Rm 64 million. Coincidently this is the 64 million $ question many people have asked me.
U r now officially No 1 Fan of KYY.....U defeated me....
Mr Ooi, with all due respect… just don’t comment anymore re your story with him. Smart folks will wade thru the mud. Your rep is not important. Most investors/traders have a brain
Let it be. Make money. Contact/advise your clients privately. Forget this forum. IGNORE
I have warned OTB for the longest time not to trust Grandpa Koon! But i guess he admired Grandpa Koon buddha's ear so much that such advise gone to the drain! However, only recently OTB unfriend Grandpa Koon! They say becareful keeping snake as a pet, she may bite your bite out of love! Or hate! If you see a snake standing beside Grandpa Koon, you better whack him with that snake! At least you kill 2 old nasty with a single stroke!
After so many round of promotion, the price still hovering this level. Unless uncle pump in money, there wun be much upside but if uncle decide to leave the table, i wonder what happen, which eventually will happen.
As he already said "to help ourselves and investors make more money from the stock market". See the keyword there? ourselves and then oni investors. So u all panlai panlai le
Posted by KYYsucks > Aug 14, 2021 2:53 PM | Report Abuse
Dear OTB, KYY bad mouth u. surely u won't let him do this to u. reply him. --------------------- No more relationship between us, I do not wish to reply to him. I will run far ... far ... away from him. I will ignore him totally. Thank you.
Uncle KYY and OTB, now that both of you are on the same page, no need to fight already. [ Of course after KYY agreed with OTB that Hiap Teck is a miss universe stock ] Keep promoting with new info until RM1, then we will sell.
I don't blame you OTB. That what the normal fund managers will ro.
If the shares are so good, surely we use own money to buy first. Buy early means we buy at cheaper prices. Then, if we deploy our client money to buy the same shares, often at higher prices.
If it drops, we can use clients money to buy to support price. If things turn sour such as bad results, of course we will sell our own share first then followed by the shares owned by clients often at lower prices.
That's normal and ok because clients do not know this trick
Defamation of character and reputation of a person is bad.
AbangM, if your fren feels shortchanged, then don't park his money with OTB or any fund manager. It's his prerogative. Like buy and sell is individual prerogative.
@abang_misai, the accusations are very serious and reputation damaging. If your friends have evidence, please go make report. If no proof, it is better not to accuse openly.
In the beginning both O & K joined together for mutual benefit as both parties objectives are being fulfilled. That is fine under the share market bull run scenario but as market turned south things are beginning not looking that rosy. Then their relationship become K & O.... 15/08/2021 10:26 AM
So what if the price of glove drops and there's oversupply? Is there still strong demand for gloves today and in the future? Are companies like supermax still making good profits? They even make more than tech companies with a 30 to 40 times P/E, and yet glove companies P/E is only 3 to 4 times. Is the market making any sense? Market price is based on sentiment, not on the company's fundamental value.
@Chrixg10, I think the stock price depends on future and theme. I believe everyone will agree that pandemic will be over soon. Hence, the funds leave glove counters..
KYY, can share the content of OTB email to substantiate ur accusation? -------------------- Answer : 1.) I never attack any person in any public forum. 2.) I never attack Mr Koon whether his buy/sell call is correct or not, but Mr Koon keeps on attacking me on my sell/buy call, this is not good. 3.) Mr Koon had done these attacks many times in I3investor.com and also his blog. 4.) Why is he so personal to attack me all the time ? 5.) I did not answer, does not mean that I am wrong. 6.) I keep quiet to give him a chance to think it over. 7.) I keep quiet as a matter of respect. 8.) He has abused it.
Please show me the proof that I had attacked Mr Koon first. Thank you.
Look up on this guy Chris Voss. He says that people who explain too much is more likely the one lying.
1) I don't know if you are lying. But u certainly do respond like one. 2) Do you know what's the problem with people in their 80's? Like a product, end of life. Reminiscing their glory days and struggling to maintain control and influence. If you respond the way he wants, you are making him ur master. For all I know, he is actually grateful to you for giving him the attention he wants. 3) How do you know if a person has aged gracefully? He enjoys exchanging experiences. When engaged by a 20's. He will ask how's life of a 20's now and in return, he will share how a 20's 60 years ago like. Neither is better than the other. It's just different.
Spend sometime reflecting on your own emotion responding to each "attack". How do you feel? Do you feel good? How much time you waste feeling bad? There are just bad people out there that derive satisfaction from people's misery. I don't know about you. I have 60 years ahead of me. I don't plan to let anyone to make me feel bad nor giving them that satisfaction making me feel bad. All that i'm gonna do with people like that is IGNORE AND NOTHING.
Like how Michael O'Johnson continue to run herbal life ignoring Bill Ackman and his slander. At the end, Bill Ackman lost 1 Billion after few years shorting herbal life. As long as you are doing the right thing(assuming you are la ya), truth will prevail. Sooner or later.
Posted by SincereInv > Aug 15, 2021 10:32 AM | Report Abuse
In the beginning both O & K joined together for mutual benefit as both parties objectives are being fulfilled. That is fine under the share market bull run scenario but as market turned south things are beginning not looking that rosy. Then their relationship become K & O.... 15/08/2021 10:26 AM ------------------- answer: Your statement is not true. Market up or down will not affect me. I know KC Chongnz through I3, I know Sslee through I3 and many others through I3. We never have problem even stock market was crashed. We use to talk or communicate with each other in good faith.
We never attack good friends in public forum even we know that the facts and figures posted in the article are wrong.
Mr Koon should value me more than anyone else in I3 because I help him the most. He requested me for help, I never turn it down all the time even at wee hours. Those attacks in the last 1 month were not the first time, He had done it many times in the past.
Few years back I have been on your list of subscribers for 2 years. I did follow some of your shares recommendation but its seem that its does not worked well for me. Maybe the timing is out...
KYY is my relative father in law's friend. He has been invited as a guest of honour sitting in host table at his children wedding dinner. I also happen to be there. This is the first time I saw KYY in person. I don't personally knew him but do admired what he has been achieved during his earlier day in term of wealth & career. Indeed it was a great achievement.
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Posted by qqq3333 > 2021-08-13 17:04 |
Post removed.Why?