Many wise investor here but i think many of us hold too many counter. Some 8 or 10 or more. The idea is like ths, diversify is to distribute risks (of losing), but if u have firm counter tht can give u profit, why distribute to uncertainty?
Yes buffet said about fear and greed, against the mass. But buffet also taught fundamental.
Sendai was said good and now still many say good. But its debt is worrying. Why invest in worry counter?
IQ is dropping in its biz, straight 3 qtrs. So u think it can overcome it in 3 mnths?
Yes u are long term investor, if one can give profit in 3 mths and one in 1 year the same amt, which u choose?
sorry to IQ forumers but i wud like to answer proproyang on tunepro, hope it can enlighten.
my portfolio only hve 5 now in trading/industries/tech (which im used to). will not hve more than 6 at once bcoz limited time to manage and monitor.
to invest in any stock, one must know its core biz, customers, sales and most important growth.
i used to fly AA and buy its insurance tunepro, but if u read review how travel insurance treats its customer, many -ve. in short way, very least chance to claim ur loss as they hve so many procedure/technical to match b4 can claim. different with car insurance/medical/life, it more straigtfwd and easy.
since knew above, i never buy AA tunepro insurance when travel and nothing to worry bcoz many hve own life insurnce, and airline is rsponsible to its passenger in case of plane crash, xcdnt. Travel insurance policy only to cover travel inconvenient such lost baggage, delays, etc.
i checked on tunepro rpt, 70% sales is from AA. Once AA plane lost or accident, tunepro will b nightmare.
for me, i will avoid ths counter. At 1.20 price i'd rather buy VS-WA warrant, expired jan 2019 now sell at 1.40 or malton 1.21 (growth to to its venture on ibs construction as cidb msia now focus on this fast build home tech) or mieco chipboard maker at 1.17 (growth prospect).
however, market is full with punters, bad stocks also can earn money. hope it helps.
U r not god. Market price is made out by manipulator. It can go up and down double the value or half the value without any reason. The only safe zone to safeguard your hard earn money is to buy good stock fundamentally intact cheap. There aren’t many cheap good stock in bursa. This way the downside is reduce with higher potential upside. It’s different strategy from chasing uptrending stock like vs and krono for instant where 1 weak quarter can send the stock all the way down, just like iqgroup previously with premium price.
Dont like superpanda view, last time brought PWF, Pohkong, Tomei, Masteel ...... forgot .... think a lot he commented not good to buy but ended fly higher .... but anyway he can share his negative view ....
To me Iqgroup if can break 3.00 then next stop will be 3.20 to 3.35 level .... but I only brought little for KFC voucher ..... but now aim for Jusco voucher liao ..... haha ....
wincloud, I never commented on PWF and Tomei. You may wrong ere. Checked my history. Pohkong i did say but only after Tomei perform. It did profit after rpt out.
Masteel and all steels was worst b4 china steel cut. I loss at Atta and Masteel but gain a bit with Liond later. Now dare not play at steel even its price soar. i focus on wat i know best.
To godhand, wat u said is true but wen i say something serious, i come out with figure. I calculate PE, read qtr rpt, forecast its earnings, ebita and view IBs rpt.
Punters and crook always around, no doubt. The uncertainty shud make us careful wen invest.
I think instead of having more argument here. It is a better use of time if everyone pick up a set of Incerto by Nassim Taleb and start learning how market randomness fool you, how luck fool you into overconfidence, and how hindsight bias makes you think you can predict what's coming.
Superpanda, noted. To me if the person said the stock not good, either the stocks are terrible stock, not worth to invest, or they want to collect cheaper price if stock are fundamental good.
Last time when you said Tomei not good, even the price did volatile but ended up it touched 1.00. I really dislike those person commented stock in bad way but ended up they brought some for profit. But no choice, the stock market is like that.
For Iqgroup, if there is already 1 qtr is not good (maybe one off due to did not reflect changes in customer request), maybe coming qtr is a stagnant qtr, but following years and if using PE ratio of 20, current price should be good price to enter. So if you think Iqgroup not good to invest, then you can choose other counters. Hope you saying bad but collect at lower price.
Superpanda, and of course, when something happens, and there's more things that can happen than we like to think, your friend will be the one that get killed. And I further believe your friend has 'cut-loss strategy', most likely a momentum/trend trader, which makes it even worse when the collapse comes. By the way, his $100K paper gain tells you nothing about how good he is. Many traders can do well for many years and blow up in one day, whether that day is 1987, 1997, 2000 or 2007 or the next one. Again, it is not about how well one does when wind is on his back; it is about how well one can prevent blow up when the tide goes out. Just as we see true character in adversity; not in glory.
But you are right, switching stocks because the one you hold has not moved for sometime is a silly mentality. Concentrated portfolio can be 'diversified', say if you own a conglomerate or a Berkshire that has dozens of unrelated business, while it can also go against you when there's a black swan, things you cannot foresee no matter how good the FA is, think Wells Fargo.
Diversified portfolio can be 'concentrated' if 20 stocks are involved in the same industry or all of them are in the same country that gets hit by a Black Swan.
Superpanda, noted your comment thanks. It's ok since you can share your view, Iqgroup i did not buy much .... anyway today business must adapt fast to sustain business income ..... actually want to earn KFC voucher but now more than KFC voucher ....
But i think now only start engine, today momentum will attract people to buy in ....... Next resistance is 3.50 - 3.60 level.
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....
godhand
1,955 posts
Posted by godhand > 2017-10-17 12:45 | Report Abuse
That’s the only thing I can’t share with public hope u understand.