Have been considering to go in but didn't make up the mind, today went in little because of comment from Jon Choivo, let's hope for the best to come.
Thumbs up to Jon Choivo for your good & constructive comments.
----------------------------------------------------------------------------------- Posted by Jon Choivo > Aug 24, 2018 09:45 AM | Report Abuse In 2008, the short interest in Wells Fargo was at an all time high. The company had the highes percentage of housing loans in it loan books among the bank. Only second to Fannie Mae and Fannie Mac (Both of which had the federal guarantee, which wells fargo did not).
People thought the company was going bankrupt.
Only one person (well 2 actually) stood his ground, and bought in like crazy as prices fell. Its Warren Buffet and his partner Charlie Munger.
While he was giving a speech to students during the crisis, the students forced him to tell them one company to buy. Warren Buffet relented, and asked "What is the price of Wells fargo now?"
The students said "About 7 per share".
Warren replied: "If i could choose one company to put all my money into today, that would not be a bad choice."
Short term, price can go anywhere. Long term, it will meet its intrinsic value.
What is the intrinsic value? You need to find out. Short term price movements will not tell you.
Student with no income but learn ppl hoot stock with ptptn? If you want to huat without proper training and income cushion, you will have better chance in casino.
Listen to alex, never hoot stock market with borrowed money. But if your pamabank can sustain, then Alex no comment. If not, graduate and work to get dignity in earning your own income. Whatever is left is then used for trading and investing.
During 2016 Pmetal factory has fire break out. Their share price plump 70%. The price drop below its intricsic value. During that time, I am still a student, I use all my savings, first sem's PTPTN and two sem of JPA scholarship. It make me richer than other fresh graduate today. I saw similar things happen to Layhong. Now again I putting all my money in. I hope really can getting huge return one more time
Yes, when you lose all your saving, your ptptn, and you have no money to pay for your next semester. You're still young. Take a job.
What an advice. Go subscribe 12 credit cards also, sailing into layheng. Ask money from friend also. Work mlm. Borrow from along. Sure huat one, what u waiting?
Wow hahaha another student here sailang 50% capital in Layhong. Cheers for student buying stocks. Btw before i buy in this stock i did a lot of research and i have confidence in this stock. Another price fall will just create another opportunity for me to average down.
agree with pypysailor, my investment in layhong is very small compare to others here , but i learn something , what i learnt is i dont think i bought a wrong stock, just the wrong timing, i shouldnt buy a downtrend stock until it really rebounded and going uptrend, i got this after reading How to Make Money in Stocks by William O'Neil. btw i only 1 and half month in investing , so a lot to learn still
Hmm although i am also stuck around 0.7, but i think it's okay. I don't think timing really matters as share price will eventually match with the intrinsic value of a company. If you value the company more than the current price then just buy it. Drop more? Average down then. Try imagine one apple that usually cost 0.9 now the market sells you at 0.6. Isn't it a good deal? Try not to think about the price that the others get.Yeah he might get the deal 0.5. So what i still earn what using 0.6 to buy 0.9 value of goods. I found this method works for me and i hope this might help others too.
Debt? Really depends on how they use their debt. There are good debt and bad debt. In my opinion, i think they use their debt wisely to increase their profit. They utilize their debt for expansion to cope up with increasing demand. Okay what. Of course i am also a bit worried about their gearing. Hahaha but so far so good i think
New Government must instruct SC to prohibit Short Selling to avoid destroy of KLCI. This is not fair to those investors who holding shares with cash!!!!!! We, Malaysia is not ready for this.
Why rights issue? Because need pay debt and no money lo.... Show gooding operating profit also no use if customer duwan payback money. Money stuck, and lender are chasing, sure need minta lui zama shareholder lo
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....
azdrichwork
67 posts
Posted by azdrichwork > 2018-08-24 18:14 | Report Abuse
This company is selling tahi ayam