I agree.

But sometimes, as you know la, people in forums very pandai in twisting every damn thing around.
Me and you can explain the complete crap in the SPAC business but the twisted people will be very fast hand to point out that the stock is a wonderful success.

I still waiting for MY stock tip.

Live gold prices: http://goldprice.org/live-gold-price.html

M'sia stock tip leh.

I can understand a bit the rational behind outsourcing to external fund managers (not saying I fully agree).

My think is like this.
Shares do not go up in a straight line.
UEM Land went from a low of around 1.70 in Sep 2012 to 2.80+ in April 2013.
Like in most 'ordinary' stock movements, the movement wasn't a straight line up.
It took two or three step up and then a step back and then continue it's two or three step up again.
One can profit from it by just holding from say 1.70 to now.
One can also profits by 'trying' to catch the up movements and consolidations. (of course many here will say, this is not advisable. )
Now put yourself in the EPF boards shoes.
It's holding long term, 'enjoying' the big move up.
By having the option of external fund managers, it allows the these 'terror geng' fundamangers to capture all those 'swings'.

I say this from the examination of these 3 announcements.

Sep 2012: http://www.bursamalaysia.com/market/listed...cements/1061621

Direct interest of 261,087,527 shares comprised:
1) Citigroup (EPF Board) - 210,848,794 shares
2) EPF Board - 2,772,500 shares
3) Citigroup EPF Board (AMUNDI)- 1,500,000 shares
4) Citigroup EPF Board (KIB) - 7,900,000 shares
5) Citigroup EPF (HDBS) - 5,238,000 shares
6) Citigroup EPF Board (RHB INV) - 2,319,800 shares
7) Citigroup EPF Board (AM INV) - 9,300,000 shares
8) Citigroup EPF Board (MAYBAN) - 5,100,000 shares
9) Citigroup EPF Board (ALLIANCE) - 4,000,000 shares
10) Citigroup EPF Board (NOMURA) - 3,000,000 shares
11) Citigroup EPF Board (CIMB PRI) - 6,908,433 shares
12) Citigroup EPF Board (ARIM) - 2,200,000 shares

The Form 29B dated 7 September 2012 was received by the Company on 11 September 2012.

Compare that to the announcement this month on 9 April where UEM Land was said to be selling until it is no longer a major shareholder.

http://www.bursamalaysia.com/market/listed...cements/1250793

Direct interest of 216,401,194 shares comprise:
1) Citigroup EPF Board - 195,640,294 shares
2) EPF Board - 2,772,500 shares
3) Citigroup EPF Board (KIB) - 349,000 shares
4) Citigroup EPF Board (RHB INV) - 2,319,800 shares
5) Citigroup EPF Board (AM INV) - 7,663,000 shares
6) Citigroup EPF Board (ALLIANCE) - 2,157,000 shares
7) Citigroup EPF Board (NOMURA) - 3,000,000 shares
8) Citigroup EPF Board (CIMB PRI) - 1,699,600 shares
9) Citigroup EPF Board (ARIM) - 800,000 shares

The Form 29B dated 5 April 2013 was received by the Company on 9 April 2013.

You can see EPF board shares remain the same but fundmanagers from AM INV, Alliance, CIMB PRI, ARIM have all reduced their holdings since Sep 2012.
Shares went went, these fund managers reduce their holdings. (Would I say these fund managers are wrong? )

Yesterday announcement where EPF was said to be buying.

http://www.bursamalaysia.com/market/listed...cements/1257809

Direct interest of 216,834,594 shares comprise:
1) Citigroup EPF Board - 195,153,494 shares
2) EPF Board - 2,772,500 shares
3) Citigroup EPF Board (KIB) - 549,000 shares
4) Citigroup EPF Board (RHB INV) - 2,319,800 shares
5) Citigroup EPF Board (AM INV) - 7,663,000 shares
6) Citigroup EPF Board (ALLIANCE) - 2,000,000 shares
7) Citigroup EPF Board (NOMURA) - 3,000,000 shares
8) Citigroup EPF Board (CIMB PRI) - 2,876,800 shares
9) Citigroup EPF Board (ARIM) - 500,000 shares

The Form 29A dated 12 April 2013 was received by the Company on 16 April 2013.

And we can see that CIMB PRI decided to buy back.
UEM Land now is 2.83. Up 2%.

IS CIMB PRI fund manager wrong to be buying back what they sold?

From the share positions, I see these external fund managers 'catching' the swings.
Is this swing trading bad?

Now I feel so proud of myself for not trading in Hibiscus.


I am still waiting.................

Fingers blister jor!

I think it is easy to criticise EPF by pointing out whenever there are news of EPF buying and selling a same stock at the same time.
Sometimes we have to take into consideration of external fund managers.

Recently EPF was made to look bad when one of the external fund managers decided to sell MISC.

Post #2342: http://forum.lowyat.net/topic/2696144/+2340#

EPF had already issued statements saying offer price was too low but when one check MISC shareholder transactions, EPF was seen selling.

This issue was mentioned in today's papers.

Geng!

Any nice photos to share?

Leng lui posing in beautiful landscape.

Lot of people are just predicting what will happen in the market.

Good strategy?

Does investor try to predict the market?
Does trader try to predict the market?

WOW!

You buy no?

Nope. I don't predict whether the KLSE will fall or go up. I not so clever.

Want tips?

Profit higher but EPS is much less and this is most likely from new shares.

EPS lesser = good or bad?

Oolala ... one of my favourite current song! Nice!

That tipsy you just give, let's see if it can break 40 sen.

This public forum friend.
No need to ask so direct.

Anyway, that's just a set of comments which I agree very much.
One can make good money in the market by applying good fundamental analysis in the market.



Me?
My declaration is I tend to talk wind. Please hope you do not mind.

The implication of that question is rather 'strange'.
Do consider the following.
The question suggests that one needs to be 'qualified' to talk about stocks.
When that happens, the suggestion is that one needs to be making money to talk stocks, which would mean that one needs to show proof before talking.
Wouldn't it be strange when this happens?
Is like saying 'Show us your portfolio before you talk'.

I believe many here are making money.

And in regards to Unit Trust investing.
Well I think very lowly of Unit Trust managers and I would rather have my money rot in my biscuit tins (under my bed ) than put money into it.

Mmm Tak.

I see the stock developing nicely.
And it's in my opinion that I think the stock should pull back first before testing 40 sen.

I have put it in my watch list for now.

Talk is free and talk is also cheap!

I actually don't believe in talking about our portfolio profit or losses because it's the internet.

Most important is the discussion itself.
A good discussion is worth all the gold.

Bloody crocodile tears!

I don't know how to buy at current price now.