I learnt my initial painful lessons, vowed to be a true contrarian, buying when no one wants to buy at depressed prices, then waiting patiently for the spike in buying volume, and finally selling down in stages when prices rise rapidly.
When I first discovered i3investor forum, the first article/blog I read was written by you on Nylex (or Ancom, can't remember exactly). I found it so full of information and facts and wonder who this Calvin is? I went on to find and read more of your articles/blogs and over time have made buying decisions based on them and of course I made money on them. I will always respect you.
Must really study the company well before buying it. Those goreng stock up fast but down also super damn fast. Only those with good fundamental company is more dafe to buy… i ever try goreng… really loss alot. But its lesson to be learnt.
For goreng counters you must enter early before it rockets off. It moves up rapidly and will also come down rapidly. You must have a target selling price and stick to it. If you keep holding out hoping to sell at the highest price you may miss the boat forever. And once it rockets up it's too risky to buy.
I am in i3 forum to deliver as many as possible after great pain of seeing good friends lost all their monies (milliions lost during the Asian Financial Crisis. All three friends also disappeared and ran away from loan sharks)
I am so happy for you TheContrarian
But the task of warning others have made me enemies as well unfortunately
There will always be people who wants to run down others. I have my share of such people although I don't blog or write an article. I really miss your articles, there has been hardly any new ones except for oil palm. Over the years I have benefited from your articles on Insas, Masteel, AZRB etc. etc. buying at rock bottom prices.
Both Contrarian and Calvin I follow, and I have both of your stock picks too
I started trading stocks in March this year, made alot of bad bad stocks selections which dragged me down when Bursa started to trend down. After I discover i3 in June/July, I also start to fundamentally change the way I view things, by seeing how you guys trade, and amongst others dompeilee, otb, but of course I still have so much more to learn, and my trades are still littered with mistakes.
Appreciate everyones sharings very much :) and i3 has become my daily fix now
Yes thank you Calvin, I done 1,3,7, and also Reminiscences of a stock operator in college time, but I still failed in trading during college time. Then I stopped for 10 plus years and now I started looking back into stocks again.
There’s a difference when you read and understand it, vs looking at how other successful players conduct their trades in real situations. So finding I3 is a pleasant surprise for me, and also seeing your sharings (and others) is a blessing for me :) have a good weekend!
I lost half my capital in Xingquan but luckily I found this i3investor website and since then my portfolio had growth to RM 3+ million.
My many thanks to all the Sifus in i3.
One more thing do not all in and don't beleive in what written in comment page like insider information, limit up, all in and etc. Beware you might win one or many times but it take only one wrong bet to lose all.
Posted by EatCoconutCanWin > Sep 6, 2021 8:20 PM | Report Abuse Believe or not AirAsia will limit up soon, this week or next week. Buy in before take off. This info is from insider IB . Don't skip the golden chance. Loss gloves, nvm ...just all in AirAsia.
Always do your homework. Good luck and happy investing.
Im very lucky to be on the positive side thanks to a few big gains (mid-long term). I find that I still have so much to learn and will never stop learning from sifus here.
risktoreward Yes thank you Calvin, I done 1,3,7, and also Reminiscences of a stock operator in college time, but I still failed in trading during college time. Then I stopped for 10 plus years and now I started looking back into stocks again.
There’s a difference when you read and understand it, vs looking at how other successful players conduct their trades in real situations. So finding I3 is a pleasant surprise for me, and also seeing your sharings (and others) is a blessing for me :) have a good weekend! 09/10/2021 10:06 AM
Calvin very happy for you risktoreward
Yes I read "Reminiscences of a Stock Operator" about 15 years ago. It was rumoured that Jesse Livermore was its real author
A very interesting window into the art of trading and stock manipulation by "syndicates of those times"
I don't really recommend it as there is always the danger of going into "too much speculation and sheer gambling
Once dracula tasted blood he is insatiable for more blood. So once a person acquired pure gambling habit he cannot break and learn real solid safe investing anymore"
Very sad that Jesse Livermore earned his multi millions & then lost everything & in the final act he shot himself with a gun by suicide
Jesse Livermore never bother about any company he bought. He didn't bother about the business.
All he cared was the ticker tape or the charting of the stock movements
After 1929 they changed the rules and Livermore failed to adapt and so cannot function as the norm has changed
Sslee I lost half my capital in Xingquan but luckily I found this i3investor website and since then my portfolio had growth to RM 3+ million.
My many thanks to all the Sifus in i3.
One more thing do not all in and don't beleive in what written in comment page like insider information, limit up, all in and etc. Beware you might win one or many times but it take only one wrong bet to lose all.
Posted by EatCoconutCanWin > Sep 6, 2021 8:20 PM | Report Abuse Believe or not AirAsia will limit up soon, this week or next week. Buy in before take off. This info is from insider IB . Don't skip the golden chance. Loss gloves, nvm ...just all in AirAsia.
Always do your homework. Good luck and happy investing. 09/10/2021 10:42 AM
SSLee
So happy for you that you recovered all the losses from Xinquan
Being a value investor at heart when I first saw "Superinvestor" promoted Xinquan above Rm1.00 I was quite curious
And the balance sheet was fantastic - sitting on CASH of over 1 Billion Renminbi
Price discount to NAV was huge and it showed profit & small dividend
So when Xinguan crashed to 40 sent I went bottom fish & bought 10,000 shares of Xinquan at 40 sen for a total of Rm4,000
Sudeenly it rebounded to above 50 sen and I heard news that Xinguan factory in China still still Mao era old machines
And they stick the sole of shoes by hands?
So I sold off Xinquan for a Rm1,000 profit
After that I got more surprise that "Cash Rich" Xinqyuan started to ask for monies by Private Placement
That was the last straw. It was a real fake all the way.
I met Jon Choivo sometime in year 2018/2019 when he came down to JB to do audit for some companies and I posed him this question,
"You being an auditor what do your think of Xinquan reported its Rmb1 Billions in Cash Accounts and not under Receivables?"
He said in China every thing can be fake. If you go audit there they could even set up a fake Bank with all the fake staff for a show to bluff you"
Yes in China there are Fake Apple Phone store set up
After that I am done with China Red Chip shares and won't touch any of them.
Youth is not a time of life; it is a state of mind; it is not a matter of rosy cheeks, red lips and supple knees; it is a matter of the will, a quality of the imagination, a vigor of the emotions; it is the freshness of the deep springs of life. 青春不是年华,而是心境;青春不是桃面、丹唇、柔膝,而是深沉的意志,恢宏的想象,炙热的感情;青春是生命的深泉在涌流。
Youth means a temperamental predominance of courage over timidity, of the appetite for adventure over the love of ease. This often exists in a man of 60 more than a boy of 20. Nobody grows old merely by a number of years. We grow old by deserting our ideals. 青春气贯长虹,勇锐盖过怯弱,进取压倒苟安。如此锐气,二十后生而有之,六旬男子则更多见。年岁有加,并非垂老,理想丢弃,方堕暮年。
Years may wrinkle the skin, but to give up enthusiasm wrinkles the soul. Worry, fear, self-distrust bows the heart and turns the spirit back to dust. 岁月悠悠,衰微只及肌肤;热忱抛却,颓废必致灵魂。忧烦,惶恐,丧失自信,定使心灵扭曲,意气如灰。
Whether 60 or 16, there is in every human being's heart the lure of wonder, the unfailing childlike appetite of what's next and the joy of the game of living. In the center of your heart and my heart there is a wireless station: so long as it receives messages of beauty, hope, cheer, courage and power from men and from the Infinite, so long are you young. 无论年届花甲,抑或二八芳龄,心中皆有生命之欢乐,奇迹之诱惑,孩童般天真久盛不衰。人人心中皆有一台天线,只要你从天上人间接受美好、希望、欢乐、勇气和力量的信号,你就青春永驻,风华常存。
When the aerials are down, and your spirit is covered with snows of cynicism and the ice of pessimism, then you are grown old, even at 20, but as long as your aerials are up, to catch waves of optimism, there is hope you may die young at 80. 一旦天线下降,锐气便被冰雪覆盖,玩世不恭、自暴自弃油然而生,即使年方二十,实已垂垂老矣;然则只要树起天线,捕捉乐观信号,你就有望在八十高龄告别尘寰时仍觉年轻。
Master Calvin, I am a newbie and a follower of your post. May I have some of your opinion on a particular stock ES Ceramics, is it still worth to stay in this counter, I am bit confused and fearful due to great losses.... Because if I choose to stay I need to average down but do not know how low it can go...I have seen your positive article about this stock, did you have any changed thoughts? Thank you & best regards.
Posted by Fujisnow > Oct 12, 2021 6:42 PM | Report Abuse
Master Calvin, I am a newbie and a follower of your post. May I have some of your opinion on a particular stock ES Ceramics, is it still worth to stay in this counter, I am bit confused and fearful due to great losses.... Thank you. Because if chose to stay a need to average down but do not know how low it can go...
Now it is 37.5 (But it gave one free bonus and on free warrant)
So 37.5 + 37.5 (free bonus) + 18 sen (free warrant price now)
= 93 sen (real time price)
So from 35 sen to 93 sen Escermic is up 58 sen or 165% in 1 1/2 year
Now Esceramic follows glove's fortune
As glove companies go into expansion Esceramic will boom. Now some glove companies are still setting up new glove companies so we should see demand Longer term orders will slow down and some might even cancel orders due to glut and price war. But for next month Esceramic will still be ok due to back orders being fulfilled
I think if you want can try switch to Palm oil like Thplant, Taann, Sop, Tsh, Bplant or Jtiasa.
While gloves are in cyclical downtrend Palm oil is just at the beginning of uptrend
Most palm oil companies will be earning very huge profits and more dividends and even free bonus issues are ahead
Since they are cyclicals TIMING IS OF UTMOST IMPORTANCE
If you buy at the beginning of the uptrend cycle and hold till peak you will make lots of money. But if you buy it at the tail end of the cycle and hold it in downswing you could also lose a big amount of money as well
So seek to buy at the right time & sell at the right time
The time to buy is usually when there are lots of doubters & despair
And the time to sell is when all are happy & in euphoria
To buy when people are very sad and to sell when all are so happy go contrary to our human feelings
That is why 90% who follow human emotion will eventually lose money & the 10% contrarian who looked foolish to others are making all the money
More than 90% lost money because all of them have no intention and patient to make 6% profit annually. They are here to make 10x profit. So is perfectly normal and healthy to see more than 90% losing money. It will be a crisis if 90% actually make money in stock market.
Calvin, will you think the Celcom-Digi merger will happen? how come it took such a long time for MCMC to approve the deal?? i regret to have sold 5000 TM shares at RM2.19 when Harapan won in the GE 14 and when it was announced that the counter might not be in the KLSE's 30 component counters. i bought them at over RM7 a share. kindly advise on this matter as you are experienced in the industry.
I think merging telcos will save on cost, manpower and duplication of space and better in the longer term
short term people might lose jobs
as to better or not I think there are pros and cons
competition good for consumers as price war benefits them. Monopoly is bad when they raise prices there will be no alternative
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Posted by kong73 > 2021-10-08 21:35 | Report Abuse
So far i have made money from having more trading wins and receive dividend income