Posted by CharlesT > 2 months ago | Report Abuse

https://focusmalaysia.my/uncle-koon-goes-into-hibernation-amid-lacklustre-stock-market-sentiment/

Posted by CharlesT > 2 months ago | Report Abuse

Of the named stocks, recall that Uncle Koon was locked in a fierce battle with JAKS after both he and his wife Tan Kit Pheng (main pic; left) mopped up large quantity of the stock, only to be subject to forced selling in view or margin calls when the price of JAKS started to plunge after touching a high of RM1.85 in February 2018.

“Based on our average selling price of 80 sen, our average purchase price of RM1.20 per share and our total holdings of 160 million shares, we have lost RM64 mil,” he noted in a blog posting dated Dec 8, 2018. ‘This is my most expensive lesson in my life.”

Posted by CharlesT > 2 months ago | Report Abuse

Posted by OTB > 2 days ago | Report Abuse

I told him not to buy Jaks, he posted himself that I stop him.
If he ever listen to me, he would save at least 300 to 500 million.
So sad to lose back so much money.
Thank you.

Posted by CharlesT > 2 months ago | Report Abuse

Unlikely for Old Koon to lose hundreds of M in JAKS lah.....tens of M is likely

Posted by Sslee > 2 months ago | Report Abuse

Aiyoyo CharlesT super rich people like to add addition zero to their number.

Posted by CharlesT > 2 months ago | Report Abuse

U meant Sifu added the number or Old Koon is to shy to confess his actual losses?

Posted by CharlesT > 2 months ago | Report Abuse

Though at one time Old Koon was caught by me trying to massage his average cost of Xinquan to make it lower so as to show he didnt lose that much

Posted by Sslee > 2 months ago | Report Abuse

A one man institutional fund KYY where got so much money 300 to 500 million to lose.

Posted by CharlesT > 2 months ago | Report Abuse

Posted by Sslee > 16 seconds ago | Report Abuse

A one man institutional fund KYY where got so much money 300 to 500 million to lose.

Are u implying Sifu bullshit??

Posted by Sslee > 2 months ago | Report Abuse

Sifu typo error

Posted by CharlesT > 2 months ago | Report Abuse

haha smart answer....very diplomatic ...unlike me...

Posted by Sslee > 2 months ago | Report Abuse

At the high of his wealth KYY should have a few hundred million.

Posted by Simple Man > 2 months ago | Report Abuse

“As long as I did not cause my subscribers to lose RM200 mil in JAKS Resources and above RM100 mil in Dayang (Enterprise Bhd)".. of course because 90% of your subscribers are bilis... lost RM1mil already bankrupt. =(

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 months ago | Report Abuse

I think KYY lost a lot of money playing Jaks and Eversendai.

It is probable that all the gains he made before these were not enough to cover these big losses.

Why the very big losses? He probably bet very big in these 2 counters. He visited these companies' assets in Vietnam and the Middle East. He was very positive on the businesses of these companies. In hindsight, he was overwhelmed by the bullishness of his own emotions, and did not realise or underestimated the downside risks. He also probably leveraged a lot on these 2 stocks.

When these stock prices collapsed (due to poor business performances), their share prices tanked. Caught in a downturn, the high exposures and high leverages led to severe margin calls. By his own sharing, he had to sell some landed assets to cover for these losses.

"Reminiscences of a Malaysian Stock Operator."

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 months ago | Report Abuse

OTB, KYY and friends hyped the furniture stocks in the past. The share prices of these stocks expanded and it was obvious they made a lot of money. Remarkably, they then focused on Hengyuan, and too managed to hyped this stock to a high level. Those who followed them too made a lot of money.

Should you follow such market activities? It was obvious price movements upward attracted a lot of momentum traders, and also short term punters.

Alas, there were a lot of blood spilt on the streets when the bubbles burst. Human behaviour is such. Old players with experience might have modified their behavious, but there are new players freshly entered for the slaughter again.

Posted by Sslee > 2 months ago | Report Abuse

Is was KYY look more like Jesse Livermore misused leverage to the max with margin finance.

Posted by OTB > 2 months ago | Report Abuse

Vincent8864 is the shameless liar in this forum.
Please look yourself in the mirror, how is your performance before you comment.
Do not twist the facts and turn left or right to attack.
How much you make from KLSE ?
1 million, 10 million or 100 million ?
Do not make a lot of money, please stop your attack.
I use my last finger also beat you flat.

Posted by OTB > 2 months ago | Report Abuse

Do not think that I can be bullied easily.
Every posting in I3 is to attack me.
Show me your good records first.
I have many good records to show in I3.
You do not have any.
You have a lot of lies to tell the world to attack me.
F you.

Posted by OTB > 2 months ago | Report Abuse

Vincent8864 is the biggest shameless lair in I3.
Twist the facts to attack.
Turn the corner to tell lies to attack.
Everything he is right, he is as good as a god.

Spend so much time in I3 to attack me who made million from KLSE.
The profit I made, Vincent8864 needs to work for 2 generations.
Why keep attack Me ?
Are you better than me ?
How much you made from KLSE ?
No point to attack further.

See yourself in the mirror, are you a better investor ?

You think all readers are stupiid, they do not know who is sincere and who is the shameless lair in this forum.

How good you are in the stock market is depend on how much profit you make.
Not how much lies you tell in this forum.

Posted by OTB > 2 months ago | Report Abuse

Posted by Vincent8864 > 1 hour ago | Report Abuse

Jesse Livermore is the greatest trader in the world. At one time, Livermore was one of the richest people in the world but he killed himself with a gun in hotel room.

OTB has the same characteristics like Jesse Livermore. He is good in stock selection but he is a gambler, he doesn't know when to leave the gambling table. He will lost every single cent he has on gambling table before he take a break.
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You are telling lies after lies here.
If I lost in this way, definitely cannot make multi-million in KLSE.
I am not that stupiid like you, wasting time to talk nonsense to attack me without any gain.
You will be cursed again and again in this forum.

Posted by Vincent8864 > 2 months ago | Report Abuse

I posted many times, my passive income alone already exceeded T20 level. The most important thing is I'm 25 to 30 years old younger than you.

If you want to compare must compare 25 years ago, what is your level ma. I heard that time you just recovered from Bankruptcy. Correct?

Posted by OTB > 2 months ago | Report Abuse

Vincent8864,
I have reiterated many time that I do not know this bangla supervisor or cafe supervisor.
This bangla supervisor is also not Tandavid.
Tandavid comes to my office almost everyday, he is a honest person.
I told you so many time, you do not want to believe.
Nothing much I can help here.
Nothing much I can do, I leave it to you.

I never tell lies and I never attack anyone in I3.
Thank you.

Posted by Sslee > 2 months ago | Report Abuse

Posted by Vincent8864 > Aug 28, 2024 9:29 PM | Report Abuse
I posted many times, my passive income alone already exceeded T20 level. The most important thing is I'm 25 to 30 years old younger than you

Must be from rich family.
When I was 30+ I am still working extrmely hard just to provide for my family.

Posted by Vincent8864 > 2 months ago | Report Abuse

I'm not from rich family. I'm doing my own business now. My wealth mainly from my business income and properties investment.


Posted by Sslee > 44 minutes ago | Report Abuse

Posted by Vincent8864 > Aug 28, 2024 9:29 PM | Report Abuse
I posted many times, my passive income alone already exceeded T20 level. The most important thing is I'm 25 to 30 years old younger than you

Must be from rich family.
When I was 30+ I am still working extrmely hard just to provide for my family

Posted by OTB > 2 months ago | Report Abuse

Yes.
I come from a very poor family, my parent just do not have money to send me to study even I am always the top student in my school.
I suffer a lot during my childhood time.
Very sad, no pocket money to spend.
A bowl of laksa is a luxury to me, this is the type of life I have.
Hence I am always very frugal in life even until today.

After I made it from KLSE, I really treasure all the money I have.
I keep 30% of the money in FD and 30% on property.
This saving will enable me to have a good living until the last day of my life.
No more loan and I keep cash and shares only.
I believe I cannot be poor again.
Thank you.

Posted by SKY2 > 2 months ago | Report Abuse

Thank you OTB for all the sharings ..U are always appreciated

Posted by EngineeringProfit > 2 months ago | Report Abuse

The answer is there are 1000000001 ways to lose money in the stock

Posted by EngineeringProfit > 2 months ago | Report Abuse

1. Stock prices can fluctuate wildly due to economic events, geopolitical tensions, or changes in investor sentiment. Even seasoned investors can be caught off guard by sudden market drops, leading to significant losses.

Posted by EngineeringProfit > 2 months ago | Report Abuse

2. Jumping into popular stocks or investment trends without understanding the underlying fundamentals can be dangerous. These stocks can be overvalued or prone to sudden declines, leaving latecomers with significant losses.

Posted by EngineeringProfit > 2 months ago | Report Abuse

3. Sensational news reports or overly optimistic analyst predictions can create hype around certain stocks. Investors who buy into the hype without doing their own research may find themselves holding overvalued stocks that eventually crash.

Posted by EngineeringProfit > 2 months ago | Report Abuse

4. Frequent buying and selling of stocks can lead to high transaction costs and taxes, eating into profits. Overtrading also increases the likelihood of making poor decisions under pressure.

Posted by EngineeringProfit > 2 months ago | Report Abuse

5. Ponzi Schemes and Pump-and-Dump: The stock market is not immune to fraud. Unscrupulous individuals may promote fake companies or manipulate stock prices to defraud investors. Falling victim to such schemes can result in total loss of investment.

Posted by qqq47660 > 2 months ago | Report Abuse

second hand car salesman.

Posted by Jonathan168138 > 2 months ago |

Post removed.Why?

Posted by OTB > 2 months ago | Report Abuse

A good person will not create so many ids to tell lies in I3.
Vincent8864 @ Jonathan168138 is a shameless liar in this forum.
These 2 accounts are suspended by the admin.

Please read the below postings.

Posted by TanDavid88 > 57 minutes ago | Report Abuse

Jeffrey or Vincent8864 has nothing or no material to fight here.
He used lies to fight.
He used the repeat message with lies to fight.
He is a shameless liar here.
This shameless liar used this low class and fake news to fight loh.
Good to know that he is being attacked so nakedly by this cafe supervisor here.
He will never feel shame to be attacked in this way.

He has no material to fight with cafe supervisor.
He said initially he will fight with the cafe supervisor unless the cafe supervisor apologised.
He cannot win the fight, tell OTB to talk peace to this cafe supervisor.
OTB said that he never know this cafe supervisor.
This shameless liar claims that OTB paid this cafe supervisor to attack him day and night without any proof.
That is the reason I said this shameless liar is continuing to tell lies after lies in this forum.
Real shameful here.
Cannot win the fight, avoid the fight.
Know your enemy and know your strength before you fight.
This is Sunzi art of war strategy.
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Posted by TanDavid88 > 47 minutes ago | Report Abuse

Vincent8864 is a shameless liar.
Our group is not so stupiid like you to talk nonsense here.
Every stock we buy, there is a stop loss to protect profit.
We strategy every trade and we know to protect profit and loss.
Every member knows this rule.
It is stated in our report.

Vincent8864 tells lies everyday here.
Never see the report, simply bullshit here.
There are so many members in I3.
They know that Vincent8864 is a shameless liar here.
They just keep quiet here because we are not a barbarian in this forum.
A barbarian is a shameless liar who simply telling lies and bullshit in this forum.
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Posted by TanDavid88 > 47 minutes ago | Report Abuse

All readers in this forum are smart people.
They have eyes to see who is the good and honest person.
They also can see who are the crooks and shameless liars.

Thank you.

Posted by chopstick > 2 months ago | Report Abuse

many know to buy, BUT dun know when to sell, greed