He is a trader who mistakes himself for an investor.
Which is why he can make some seriously big money, and in cases like this, likely to lose alot.
Taking into account MASTEEL and Hengyuan drop this year, his wonderful 73% CAGR for 5 years, should have dropped to something like 25% CAGR for 5 years. Still pretty great.
Posted by AzerothJr > Mar 14, 2018 10:50 AM | Report Abuse
If trader they already long time cut loss. A trader that does not adhere to technical discipline will eventually learn by paying with tuisyen fee. Unless one is still profiting > 50% even after market drop by 50% then they may consider to hold. Else with paperloss of 30% one is not fit to be called a trader.
他正在演戏的可能性也是很高的,我不相信每天说“TA first FA second”的sifu会hold到今天,lol....
Posted by Jon Choivo > Mar 14, 2018 11:35 AM | Report Abuse
He is a trader who mistakes himself for an investor.
Which is why he can make some seriously big money, and in cases like this, likely to lose alot.
Taking into account MASTEEL and Hengyuan drop this year, his wonderful 73% CAGR for 5 years, should have dropped to something like 25% CAGR for 5 years. Still pretty great.
My friend told me his paper loss is 100+k. I think he either joined otb late last year or early this year. He is the late comer in the group. Otb might not loss but those late comer sure did. He asked my opinion, but I told him he nd to decide for himself. I sold half at small profit but the other half now paper loss.
All steel stocks are generally affected by the current sentiment. Masteel is particularly hit hard because it is overfried previously even after 2 times of bonus issue and private placements.
Without justifiable earnings / EPS to show on an adjusted larger share base, what else can speculators do on a bearish sentiment other than sell / take profit? Don't expect them to be charitable and let all retailers cash out 1st
A lot of people are gambling on Masteel. Ever wondered why the share base is so small yet tenths of million of share units exchanged hands daily? If Masteel repeats its mediocre 4 sen EPS in the upcoming quarter, the larecent late comers are going to die hard
Sifu Ooi asked his subscribers to sell? I thought he mentioned he will not sell or ask his members to sell on bear market? Opps...Die Hengyuan and Masteel..Die all who follow those SIFUs or so called COACH? Die all. :)
@IBanker, do you mind to explain what does shares buy back mean and what is the probability of shares going up with a company with constant shares buy back? Like sunway, masteel. thanks
Share buyback means company is trying to sustain the price drop by helping to generate confidence in the company that they are buying into their own company. But these might not be able to dampen fear during big selldown. If you dare then you can hoot to gamble, this is like you see yi tiao long (in banker and player) then you think after a straight 10 times red, this must be the 11th time black. If you dare then you gain when correct but become a little begger when wrong la. In current market its more driven by emotions rather then fundamentals right now. The small retailers also hope can rally some support so as to maintain the price of the stock and prevent it from free fall. Though we are not able to change the price with our actions we hope it give confidence back to investor after they realize the stock is actually at a bargain price when their heads clear.
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....
JN88
11,670 posts
Posted by JN88 > 2018-03-14 11:19 | Report Abuse
Tom you are right, I don't understand why still got people say he cut loss..... He only can cut gain.