I don’t think anyone who speculates on short term can really make a profit out of share investment. I have seen so many of my friends get burned using this strategy. They are gamblers rather than investors. Share price climbs up slowly but dives unexpectedly because of panicky selling, the loss is always greater than the profit. One of my friends lost more than half a million SD of his CPF fund from Singapore in just 2 years though he knew every details of the companies. Now he is penniless. Share price moves up and down in a day which you can’t predict even with all the techniques you have in your arsenal. I lost a few thousand when I first tried to make some money from shares. I changed my strategy to ride on the economic cycles and this enables me to really buy low and sell high. To me this is the time to go in if I have the fund. I have since never failed to make money from share investment. Insas is one of the shares I picked for financial planning. For me a retiree I use it as a retirement planning tool. I just keep the 1M shares until I need to sell a few shares to get the money I need for whatever purposes say, 10 years from now. For my children who are chartered accountants in their early 30’s who hold another 1M shares, they hold it for wealth creation purposes so that when they need to buy a house of their own, they can buy it for cash. We didn’t make the 1.6M because of underestimation of the IMDB problem when the price went up to RM1.30. But even at current price we still have a few hundred thousand profit because our cost per share is under RM0.50. For the positive fundamentals of Insas, I am not worried at all. If you hold long term, you play out all market manipulators. So we just wait. Time will do the work. What you need to do is to attend the AGM and screw the directors for any under-performance which you discover. You push them to improve. Otherwise they may just focus on the wine and alcohol business which is hopelessly in need of restructuring. I do not understand why people still hold the warrant at such a high price which is supposed to be valueless at current market value of the mother share. Think about it.
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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....
Eldon Ong
158 posts
Posted by Eldon Ong > 2016-09-20 10:43 | Report Abuse
heavy selling pressure..haiz