Also in another news, for those who miss out ...

I was reading this posting on HB Global.
This posting only solidifies why I feel that China Stocks are pure LAP the SAP.




http://cgmalaysia.blogspot.com/

Points:

1. Cash.
Last time around, HB Global kena 'big pan' when their auditor said cannot verify the cash balances at its subsidiaries.
New auditor said no problem.
Can verif jor!
But look at the new cash balances shown in the first picture.
From 431 million RMB last year, cash balance now only left 68 million RMB cash.
How can cash shrink so fast in one year?
Money fly why?


Those who keep insisting on cash per share yardstick for China Ah Lian ( They say on TV Ah Moi don't have. Got Ah Lian. )

2. New auditor also said that property, plant and equipment value needs to be impaired. LOL!
An impairment of 61 million RMB !!!
OMG!!!!

Actually I feel the new auditor, BOD, should state why the impairment is needed !!!!!
Was there an overstatement earlier?
Did the property or plants even exist?

Want to use Net ASSet for China Ah Lians?

Better think twice!

3. And then new auditor cannot take stock inventory count.... OMG !!!!!

( posted this wrongly in the wrong thread a few seconds earlier.... )

what is the name of the new auditor?

Cash goes missing in China stocks is very very very de common (did i say very enough times?)

One good trick to hide missing cash is to impair non-existent assets...or impair non-existent inventory or impair debts.

HB Global...





30/31 year old with such a sweeeeeeet sweeeeeeeeet (more sweet?) job as CFO of a listed company resigned because of health? 10 days after taking the position?

Probally cabut to avoid court case later...

This post has been edited by gark: Oct 24 2013, 10:04 AM

New auditor is BDO.

Apparently HB Global mentioned in one small print that "In view of the findings by BDO, the management is seeking legal advice with the legal counsel on appropriate action to be taken against the previous auditor."



I nearly died laughing!

wrong posting

This post has been edited by SKY 1809: Oct 24 2013, 10:14 AM

If you noticed it's quite regular that China Ah Lians change their CFOs like changing underwears.

need to digest this..... tq for the input
so far exit is 5%. i read that general gauge should be 15%. but seems very difficult to achieve, for me at least.
if hold too long, major percentage price will dip.

need to mold..to be OLD Ginger...

There are 3 variables here.

Your trading win/lose percentage.
Your winning margin.
Your losing margin.

Adjust all three variables and ownself play play.
You will be surprised that you can actually survive and win big money even with a 30% winning as long as you have a healthy winning margin and you keep your losses small.
And no matter how you adjust, almost always... losses must be kept at a minimal.

wrote down liao, read thru liao. that's why cant seem to get pass my actual profit range.
profits too small, losses too big
end up all hard earned profits, hv to patch back up the big losses..
nvm.... work harder.

There is no hard and fast rules in the %.. basically gains >losses is ok. You can gain 9 out of 10, but the last trade can wipe you out OR you can lose 9 out of 10 trades and hit the jackpot with the 10th and made back all your money.

So instead of messing around with lose/win ratio... i keep to stocks with higher percentage to win over the long term (ie value stocks). And i try not to bet too much, and only bet once or twice but make the odds favoring me

This post has been edited by gark: Oct 24 2013, 10:29 AM

did quite ok GE times. then didnt know how to manage the 3 QE market corrections, profits wiped out. then build back up slowly. then wiped out again. now building up slowly. pening..

KLCI going crazy. very very concerned that it's going to correct again.

This post has been edited by lambethwalk: Oct 24 2013, 10:31 AM

I dont know about you.. try to bet more amount and bet less counters. Only bet those that you have >70% confident winning ability. If you are not sure, or dont know refuse the bet.

Stock trading is like poker.. you don't have to bet at every hand you are dealt with, you can always choose to raise or fold.

Different people, different style.

In 2013 i made less than 10 buy/sell trades... ( Sorry mr remisier... )

This post has been edited by gark: Oct 24 2013, 10:34 AM

haha.. okok... don't know how to play poker. but understand the raise/fold elements tq

Ahh... this thing I will tell you...

It's really not easy to win 9 out 10.



For many, although they will not admit it, winning 5 out 10 is also difficult.

And yes, I would agree with you, it's very important to bet on stocks that favours the better.
For me, the upside potential has got to be there.
The stock must stand a good chance to be a one or two bagger.
Those with 10% or 20% upside potential, usually I pass.
Not worth my time.

Go play during CNY, so you can learn to count your odds before you place your bets.

5 card or texas hold em is good.

9 out of 10 is just an example... WB record is 6 out of 10... but his few bets he made really boosted his wealth...

For me upside of 30% p.a. is good enough.. to make a bet as long as the valuation is good.. ie the downside is capped. I more focus on protect my money rather than try to earn maximum;)

This post has been edited by gark: Oct 24 2013, 10:39 AM

The ability to say PASS (ie no bet) when you are dealt a hand, is important.

Take the GP case now.

It's quite simple really.

You don't have to place the bet.

You don't like what you see just say I PASS.

Teach broken ah?

Yeh you are correct, don't have to shoot at every deer that is in your sights, shoot the one you most likely to 'kena'..