let's get this straight. If you claim that you never own a downtrending stock means you sell once the stock's chart breaks down. NO EXCUSES AND NO JUSTIFICATION. I dunno how KYY articles keep getting to the top8 with such bad advice
secondly how can u mark your investments of AYS at RM0.76 when the market price is at RM0.615?? I might as well say my investment in company A is at RM5.00 because the NTA says so but market pricde could be RM3.50
“The last traded price for AYS is 68 sen and my last purchase price was 70 sen using margin finance. I will have margin call if it does not rebound today. In any case whether AYS rebound or not to day, I am not discouraged to use margin finance. “ -KYY
Geezer is just a mediocre trader. He do not do comprehensive analysis of the margins and types of products AYS sells. Just a guesstimate of what the earnings will be. In short, savvy newbies with accounting knowledge is way ahead of him in terms of re-searching a company's financial. In short, just ignore this old lying fox.
There is hidden trick in this blog while he is "buying" at margin as mentioned in the blog. but in contrary he is running and sell down in bulk with today price down 9.3% with volume increase 170% of 22 millions. This blog is to paint a picture that AYS is cheap and can be bought with margin while he is selling and take profit. Beware of falling knife throw by the old man. Very shrud old cap.
Unce Koon, you forgot the saga fo Jtiasa few years ago......... someone committed suicide after incurring heavy losses ...... Bro Calvin might still remember.
@ calvintaneng. In fact, it will be good sharing of information if Calvin can do a write up on the JTIASA story that led to the suicide. It will be a good learning experience for newbies and those greedy traders who punt on write up stories from those who are unqualified to predict the direction of the company's potential profit and the future. The reality is these story tellers are just doing a guesstimate of the future profitability of the stock they are promoting, nothing more. They talk like they owned the business and is able to deliver the promised profits. They are nothing more than a Story Teller like this Geezer.
Buffett employed margins in arbitrage situations in his early investing years, when he was certain he was absolutely right, and not when he was approximately right.
OTOH KYY had been caught badly with his margin trading in Jaks; and if I read his posts correctly, he had to sell assets to cover for his losses during that period. Also, got a lot of brick-bats from his followers too.
Leverage is better avoided, unless you know what you are doing and also not to be employed unthinkably.
What is the difference between a great man and a terrible man? A great man always busy hiding his greatness and a loser always busy hiding his negative. They both busy hiding somethings.
Can not challenge the truth. Can not bring down the truth to our level so that we ourselves feel good. Is better to confess our weaknesses and got much more to learn.
God said "someone who covered his crime will never succeed". Better to confess "I am not a holy man, i am loser but i will elevate my level as i begin to learn..."
Never buy using margin finance.. One mistake which definitely will happen one day may cause ur entire fortune… Come on kyy don’t mislead young investors n novice… If u wish to do it, just keep quiet n do it urself… u r not that kind to assist others.. U just want others to push up the price for ur stock holding..
I just read the star biz page 5 n I immediately know must be kyy… don’t do harm on others..financial harm is the worse u can inflict on others.. Time to repent..
Why Investing using margin is really misunderstood including the many experts loh ?
The may reasons are as follows:
1. Like Kyy advocates people use margin to gamble & speculate instead of using it to invest steadily for sound steady long term gain loh!
2. The people who use margin had not master the required the art & skill of investing loh!
3. The margin users had not master the skill of cash management loh!
4. They have concentration of risk in 1 to 2 stocks loh!
5. They are hit by the element of bad luck & poor mkt conditions.
6. They had not master the skill of risk management, margin of safety and cut loss loh!
Mastering the use of margin is just like mastering any business skills that require an element of financing or borrowing loh!
Borrowing is a double edge sword, if u master the art of investment it can do wonders but if u fail....it will compound your losses loh!
U need to consider your investment skill level 1st, b4 embarking on margin financing.
Those who has mastered margin financing, are expected to do well considering the cost of financing is still low todate as it is around 4% pa to 4.5% pa mah!
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2938 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
sherlockman
245 posts
Posted by sherlockman > 2021-11-10 14:08 | Report Abuse
let's get this straight. If you claim that you never own a downtrending stock means you sell once the stock's chart breaks down. NO EXCUSES AND NO JUSTIFICATION. I dunno how KYY articles keep getting to the top8 with such bad advice