I am amazed when I read that 90% of Market Punters will Eventually End Up Losing Money in the Stock Market
And the horror of it all after so many years of observing market behaviour.
Instead of Investing in good shares.
(Behind every share is a Company selling goods or services)
If the business is good then the shares should be good. If business is bad the share will be bad.
Let Calvin illustrate
During the GoGo years before the Asian Financial Crisis I bought some Company Jeeps from Espirit (The second board stock)
While making payment for their vehicle in PJ Old Town I saw Espirit share price went LIMIT UP!
So I spoke to the Espirit Boss
"Hey! Your Espirit Share Gone Limit Up Today Over Rm2.00. Can buy ah?"
He said, "No. Cannot buy!"
I asked, "Why leh? But how come price can go Limit Up by 30% if no good?"
Then he told me this:
Espirit is founded by my brothers. I am just the 3rd (or 4th?). Today I have just sold you our last Company vehicle.
After this we are going to close shop for for ever."
Again I protested,
"BUT ESPIRIT HAS GONE LIMIT UP" HOW COME LIKE THAT?" IN GREAT GREAT DISBELIEF
He said, "Give it a few more days and you shall see the Bad News later. Just wait"
On the way out I saw them removing the desk & chair. I saw a photo machine on the floor and asked.
"Are you selling that photocopier too?" He said, "Rm100 and its yours"
So I bought it for Rm100 - the last transaction of Espirit
HA! I WANTED TO SHOUT TO ALL WHO CHASED ESPIRIT INTO LIMIT UP THAT DAY
But I was not in the share market then & could only warn a very few friends who don't have Espirit shares
Then one day
Espirit gone insolvent & later bankrupt
IF ONLY PEOPLE "KNEW"
Now Let Calvin report on Asb
And I quote
calvintaneng At last an honest remark from Anwar
Calvin already warned about chasing rumour stock like Asb
Last year when Calvin bought Asb at only 14 sen and called ASB office because they disposed asset in Shah Alam
To my surprise they said the business is no good.
They got hotel in Chow Kit, Resort in Trengganu as well as Hotels in Europe all not so good
So Calvin sold off and told others not to chase
Now with Mco hitting hotels and resorts with even less business things are getting from bad to horrible yet dumb stupid fools chased up ASB on Anwar hype
And Anwar has come to say he has no position in all the rumoured stocks being goreng up
All please be very careful
Go study carefully the intrinsic value of company business before simply playing with your hard earned cash
Go buy Naim (5073) as it is giving 18 sen Cash dividend
12/10/2020 12:49 PM
All information provided here should be treated for informational purposes only. It is solely reflecting author's personal views and the author should not be held liable for any actions taken in reliance on information contained herein.
ALL WHO CHASED GORENG STOCKS WITH NO FUNDAMENTAL WILL ALL BE SLAUGHTERED LATER ONE BY ONE LIKE LAMB LED TO THE SLAUGHTER