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 STOCK MARKET DISCUSSION V150

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prody
post Dec 30 2020, 04:13 PM

Dance while the record spins
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QUOTE(Boon3 @ Dec 30 2020, 03:48 PM)
Right now, there are so many things one can pick up from TopG, purely from an academic point of view....

1. Sales buyback... the first crazy round, many traders did benefit .... but on the bigger picture ...  it's quite clear that whatever benefit a share buyback has, it's gone if the company executes the buyback poorly.

2. Tracking EPF? Bloody waste of time.

3. Share getting into an index listing? There's absolutely zero conclusive evidence that the share will go boom boom because of it.

4. Chasing a stock for dividend... never a good idea.

5.

6. 
feel free to add ... smile.gif
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This year will have been a great year to learn things about the stock market.
The question is now, if those lessons will be remembered in the future.
prody
post Jan 22 2021, 10:42 AM

Dance while the record spins
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Bought back into Serba today, as I got an alert that it hit my target buying price.
prody
post Feb 16 2021, 03:23 PM

Dance while the record spins
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QUOTE(prody @ Jan 22 2021, 10:42 AM)
Bought back into Serba today, as I got an alert that it hit my target buying price.
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Sold at 10% profit.
prody
post Jun 1 2021, 09:26 AM

Dance while the record spins
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There are some people here that are commenting now, after all the news has come out, that there were some red flags in the quarterly results. However, these people, or anybody else for that fact, did not mention anything before all of this happened. They did not warn people not to buy the share because of higher receivables, or other reasons.

Major shareholders such as the EPF have been buying the share lately, as recently as 25 May 2021. The Vanguard Group is also a shareholder. They will have risk indicators for every stock they own. They will have people whose only job it is to check if there could be something wrong with a stock and they saw nothing which made them want to sell Serba Dinamik.

The simple truth is that nobody, outside of a few insiders, saw this coming. That is because nobody could see this coming. The only way to protect yourself from this kind of situation is to ensure you have a limit of how much of a stock you own compared to your overall investment value.

prody
post Jun 1 2021, 05:00 PM

Dance while the record spins
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QUOTE(Boon3 @ Jun 1 2021, 12:18 PM)
Okay, let me show you evidence on my statement 'Following big funds has its plus but it also has its drawbacks. Big funds could always make big mistakes too. Again, best reference locally was Transmile. Some big funds got burnt badly too.'

Most material is easily researched from the net. There's even a paper written.

Link: https://www.google.com/url?sa=t&rct=j&q=&es...YP74fp81-4EW5Sr

Not sure if that works or not but search for keyword 'Transmile scandal'

look for this one....

user posted image

The scandal broke out in May 2007. In the report there's a chart posted...

user posted image

Yup it was as high as rm14.00

The fund list... can still be found here...

https://klse.i3investor.com/servlets/stk/co...ratefg/7000.jsp

let's look at Capital Group International... the 4th name from that i3 link...

click on the Magnifier... and then click on Share Transactions tab ...

Page 9 .... will give us...

user posted image

now that screenshot shows that CGI was buying constantly ... look at the prices it was buying...  sweat.gif

Page 7 .... this is where the action begins....  flex.gif

user posted image

So scandal broke out in May 2007... CGI started buying... more!!!!


and guess what.... it bought all the way.... see the buying... it continues to page 2...  sweat.gif

user posted image

See the disposal on Nov 2007.... the selling price....  sweat.gif

and there you have it.....
A big name fund... caught up in a scandal.... and the big name fund... bought and bought....

so in this case, clearly it was not smart to follow the big fund. Yup, big funds are also human. They can make mistake. Some of the fund, they can afford the 'mistakes'? We? Can we afford it? Can we afford to die die fight?
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In summary.

What I said was:
Nobody saw it coming (even big funds), it’s best to have a limit of how much of a stock you own compared to your overall investment value.

What you are saying:
Big funds make mistakes.

I agree with that. In fact everybody makes mistakes.



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