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Stock Market Wisdom (Poem) |
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Stock Market
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Written by Ben
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Wednesday, 24 October 2007 |
Value for money you must insist
Going against the trend you must resist
The trend is your friend
Follow it to the very end
Holding on to a falling stock is unwise
Cut your loses quickly is advised
To catch a falling dagger
You must never endeavor
Never kill the golden goose when you have one
Never sell prematurely, if gold is what you want
Undervalued unpopular stock is never a fancy
Glamour stock is the choice normally
Join the crowd; enjoy the ride if you wish
Be careful though, lest you drop and vanish
The market is strongest at the top
Lock in your profit before volume has a good drop
Sell your stocks when you love them most
Take your money & let the deal be closed
Buy when volume traded is at its lowest
The market will then be at its dullest
Investors should buy low and sell high
Traders should buy high and sell higher
Some day you will know what I mean
By then, you may be a stock market dean.
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Uncle Lim, Genting founder dies |
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General Discussion
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Written by Leremy
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Tuesday, 23 October 2007 |
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Uncle Lim has just passed away. Will this news affect Genting? Please reply in the comment box below.
News from thestar.com.my :
Tan Sri Lim Goh Tong, founder and honorary life
president of Genting Group, passed away at 11.20am Tuesday at the
Subang Jaya Medical Centre.
The tycoon, who turned 90 in April this year, was renowned for his
vision in transforming Genting Highlands from an unexplored hilltop to
one of the world's most successful casino resorts.
The fifth child in a family of seven children, Lim migrated from
China's Fujian province in 1937 at the age of 19 with only a small
suitcase and US$175.
The idea of a hill resort was chanced upon by Lim amidst the crisp air
of Cameron Highlands in 1964. Lim was then working on a hydro-electric
power project at the popular hill resort, patronised mostly by British
colonials seeking cool refuge from the tropical heat, when he foresaw a
prosperous Malaysia of the future desiring a cool mountain holiday
resort within the reach of all Malaysians.
To date, Genting Highlands Resort has five hotels and two apartment
blocks at the hilltop and Awana Genting Highlands Golf and Country
Resort.
The company, founded in 1965, has since expanded and diversified from
its initial hotel and resort activities to plantations, properties,
paper manufacturing, power generation, oil and gas, electronic commerce
and information technology development under Genting Group.
According to Forbes Asia, the Genting Group founder was third richest in the country with a net worth of US$4.3bil (RM14.6bil).
Lim is survived by wife Puan Sri Lee Kim Hua, and their six children and 19 grandchildren.
Rest in peace~ Amen.
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Stock Market
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Written by Leremy
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Sunday, 21 October 2007 |
One of our forum member, Tee had posted this video earlier. If you missed it, here's a chance to watch the video. I think it is interesting and thoughtful.
Black Monday Week
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Stock Market
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Written by Ben
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Thursday, 18 October 2007 |
Fortune favors the prepared mind
Will you go into a virgin
jungle without maps or guides, untrained and unarmed looking for gems?
The answer is obvious. Yet this is exactly what people do when they go
into the stock market. Is there any wonder then, that they failed to
come out unscathed, let alone a profit?
No doubt, fortunes can
be made in the stock market. But firstly, you must be well armed and
well trained. Do you know what causes the stock market to move up and
down? The simple answer is supply and demand. When supply exceeds
demand, prices fall. When demand exceeds supply, prices rise. The next
question, of course, is what causes demand and what creates supply?
Factors,
many and varied, affect supply and demand. Inter alias are: corporate
earnings, interest rates, inflation, manipulation, speculation,
political unrest, government policies, natural calamities, commodity
prices, discoveries, new inventions, change of management and major
shareholders, etc.
The position of the heavenly bodies can also
affect share prices. Surprised? Well, let us look at it this way.
Heavenly bodies can affect the weather, which in turn can affect
commodity prices and our emotion. Our actions are controlled by our
feelings. A man’s action is the best interpreter of his thoughts. Watch
what he does, not what he says, to know what he means.
In the
stock market you can either invest or trade. Each calls for a different
strategy. Let’s look at investing first. To invest in the stock market
means to give your money in exchange for equities in the hope of a
return in the form of capital gains or dividends. One thing you must
keep in mind and always keep in mind is that earnings are the lifeblood
of a company. Without earnings, a company will eventually collapse.
Earnings are dependent upon the capabilities of the management which
must also have integrity and a high moral value. If you do not know the
management, look at their track record. The nature of the business of
the company should not be overlooked. In our globalize world, the
company must be able to compete competitively in the global arena. A
small-cap stock with explosive earnings growth, a high-entry barrier,
little borrowings and reliable management is the ideal choice. If you
spot one, please let me know.
In every endeavor, success needs
your labor. The stock market is no exception. After you have bought
your shares, you need to monitor them fundamentally and technically.
Keep yourself informed of what is happening to the companies’ fortune
and share prices.
Never get married to your stocks. Sell when there
is a sell signal. When you see smoke coming out of the kitchen, it’s
okay. But when you see smoke coming out of the library room, you should
check immediately to see what is happening.
Here are some tips which I hope are useful if you wish to invest in the stock market:-
- Buy undervalued stocks with good earnings and good dividend yields.
- Management
must have capabilities, integrity and a high moral value. Avoid the bad
and the ugly. If you do not know them, refer to their track record.
- Plan your trade and trade your plan. You must have discipline to succeed.
- Never go against the trend or swim against the current.
- Study your charts. They are designed to track smart money.
- Change according to circumstances. Follow smart money, but be one step ahead of the pack.
- Don’t listen to rumors, do your homework.
- Be patient to wait for a good opportunity. Good things come to those who wait.
- Learn fundamental and technical analysis before you start.
- Be smart from the beginning.
The above stock market wisdoms are only the tip of the iceberg. Learn as you go along.
Now
let us talk about trading. Trading is much more exciting than
investing. It is, however, much more dangerous. If you wish to trade,
you must learn all about technical analysis first. There are many good
books on the subject. Read and learn as much as you can from them. The
most important tool for trader is the stop-loss. Will you drive a car
without brakes? Of course you will not. Then you must not trade without
the stop-loss. There should be no limit as to the amount you can win.
But there should be a strict limit as to the amount you can lose.
Manipulation
and insider trading are necessary evils in the stock market. Without
them, the stock market will be very uninteresting and dull. Charts are
designed to track these activities. Forget about the news. Everything
is reflected in the charts. Actions speak louder than words. If you
wish to ‘play’ the stock market without the necessary knowledge and
wisdom, be prepared to lose.
Many have lost in the stock market.
This does not mean that you have to lose too. Once you have mastered
technical analysis, every trading day will be an exciting day.
Henceforth, money should be coming your way.
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General Discussion
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Written by Ben
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Tuesday, 16 October 2007 |
Finally, Al Gore gets his Nobel Peace Prize! He has been campaigning against Global Warming for the past 30 years. His documentary “An Inconvenient Truth” is superb work and a must-read for all.
According to David A. King, the chief scientific adviser to the British Government, Global Warming is more devastating and dangerous than all the terrorism of the word put together.
Global Warming means an increase of temperature in the surface air of the earth. It is estimated that an increase of 3 degrees Fahrenheit can raise sea- water level by as much as 20 feet. Imagine what will happen to the coastal cities all over the world should this happen.
Scientists are unambiguous that human activities are the causes of Global Warming. Chief of which are the increasing consumptions of fossil oil and deforestation. China stands second only to the US in the emission of carbon dioxide. It has been the greatest consumer of coal. Because of its huge energy requirement, it is now a net importer of oil.
Global Warming can bring many changes to the earth. Agricultural yields will be affected, arable lands will be lessening, and clean water and food will become scarce. Flooding and hurricanes will become more often and more severe. Unless we can reverse the deteriorating atmospheric condition, doomsday may not be that for away.
The good news is that the world is now aware of this danger. Gore has done a great job. Together with the Intergovernmental Panels on Climate Change (IPCC), the fight against Global Warming has now effectively commenced.
In the Malaysian Stock Market, one counter that may play a wee bit in the fight against Global Warming is PPerdana. This construction company is now controlled by Swan Symphony whose controlling shareholder is the Abu Dhabi-Kuwait-Malaysia Strategic Investment Corp. The new shareholder has said that it had the vision to transformed PPerdana into a construction giant. The beauty of PPerdana is that it has the expertise of building energy-efficient buildings (EEBs). Presently, it is the market leader in this field.
I believe the company can go far. At 4.30, a buy–and-hold strategy will probably be rewarding.
As usual, the writer disclaims all liability for his comments and opinions. You buy, sell or hold at your own risk absolutely.
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