I detest the idea of buying shares just cos of 'cheap prices'....

Sorry just not for me.






What is cheap tends to have more chance to get cheaper.......

LOL~!
Aren't u over-generalizing your trading approach/philosophy to the counter we're referring to?
Doesn't matter which way one does to trade as long as they make money in the end right?
Quantum, timing and opportunity cost are other things to deliberate on but it all depends on the individual's objective and timeline for their trade?


haha you can short together with Mikey ma.. Still can make money!

Nope.
Comments clearly is directed at Maybank.
No point diverting and ta lk about trading approach/philosophy la...
You might as well talk about yellow and green kucing next. Lol.


I asked you last time where's the beef when Maybank was trading at 8.10 (around there)

Look at the end result today.






The question still remains....where's the beef?

i know..coz u got ur own philosophy which everyone do not understand even warran buffet
so u dont like too cheap hehe

When i informed that i bought some at 8.16 previously, i really meant peanuts qty and amount just to test the market.
I did mention somewhere in Stock thread that the price is testing 8 bucks too often, I would definitely expect the price to dip.
So from 8.16 drop to 7.75 considered big deal?
If fall to even 6.50 still an issue?
How about 4.50?

Why do u seem so convinced the share price can't u-turn?

We're talking about Maybank, one of main pillars of the MY banking industry and GLCs if u like. Can consider too damn big to fail?
If I have the intention to keep this stock for several years or even generations, in time with superb dividend yields plus with capital appreciation etc, i think the ROI is well-worth it. Nothing wrong to treat such counters as a FD.

Gives u more time to focus on other stocks - penny stocks to mid cap that give u a bigger bang for your buck.
When it comes to certain stocks, I think if the strategy and objective is right, just stack properly and let the stock do it's work in due time.

Yes, yes, perhaps the dividends and the upside for Maybank is considered KFC profits for you, hence lack of meat.
But for others, it could be something else to sustain their retirement or to boost their CAGR consistently = being a lot of meat?

Comeon it's a forum yes?
If everything also is decided by keyboard investors, who declares everyone got their own philosophy....
then no need have forum, yes?



Ok... is Maybank even cheap, now?

1. Define cheap. Is Maybank cheap just cos the share price is falling?

2. How does it bank ratios stack up?

Is Maybank the best option for the banking sector? Is their numbers improving or declining?

3. Earnings performance... 3 quarters of double digit earnings decline.

When will the rot stop? What if next quarter another double digit decline?


* 3 simple fundamental questions *


Technical point of view.

Look at the chart... look at the chart.

I can talk all I want.. but the chart says all it want to say about the stock.
Lower lows, lower highs...
Clear down channel....

Ok. If this was not Maybank... based on the same chart, would you be as gung ho?
Or is the name Maybank, carries more weight.

When trader trades, they ALL have their own trading setup.
Is this a setup that a trader would use as an trading entry?

I used it blunty - the where is the beef...
but what's the risk/reward ration at this point of time?

Rush to buy a stock stuck in a clear down channel?
Are you sure?




Yea... anyway... whatever it is... if you think otherwise... good luck.

I am not here to try to persuade you not to trade this stock at this point of time.



ps: why need to talk anout Warren la....
he who?

Nope.

Every share can bounce, indeed.

Did I even say Maybank will die?
Did I even say Maybank share can't u-turn?





Dude.... the question is and still is WHERE IS THE BEEF?

If you cannot understand this issue in trading, so be it.




ps: I better stop here la....
you seem way too upset to focus on the simple issue.

it seems talking about Xingquan and KYY upsets you too...

he is nobody he is ghost investor hehe

lucky ghost only and not pontianak

Some Chinese businessman says this phrase quite a bit...

no money make business, do for what?

pontianak so far cant find yet...

lol where got upset or are you just too sensitive and bored?

U're a momentum and trend trader. So obviously u see no beef now or even any time soon.
So Chillax yo.

So now you have to focus on me instead.

Hohohoho..... typical... just typical...








spam again....


Some Chinese businessman says this phrase quite a bit...

no money make business, do for what?

Wahahaha!!!!!

Aiyoyo like that also u feel toh.

How about the other phrase:
If u did't try, how u know?

Share another, which I think is more meaningful:
"By three methods we may learn wisdom: First, by reflection, which is noblest; Second, by imitation, which is easiest; and third by experience, which is the bitterest - Confucius"

i like the saying!!
thanks for sharing!!

My primary focus was sharing the issue of where is the beef.
If you cannot understand this importance concept in trading, then what's even the point of other topics such as position sizing?


Well apparently, you have the inherited the disease where it upsets you when someone discuss the slightest issue of the stock you own.
Nothing wrong.
Human beings are taught to defend...
So congratulations.


Its getting awfully dreary.
To carry on is rather pointless.

U're such a funny character aren't you.

If you look back at my previous long post, I actually did point out a lot of hints on the beef that I was looking at which is way different from your beef and perspective. And u should know that I do mix my analysis with ABC soup calculations, Charts and other stuff analytics and aim for a longer term despite the trend. No need for me to explain too much coz u're prolly too fixated to your way of how things must and should be done your way @ your poison.

Thanks for the chat. Siput's ego getting bigger and bigger by the day
As usual, nothing much has changed, has it.

What's the one word?

Chillax !!!!




Damn nice word to use.





ps: I am a declared trader. Naturally I am and I will speak as a trader, with a trader's mindset. So why do you insist on replying my posts in the first place?

Notes to ownself once again.

These are a traders notes la...

Did I compare CIMB vs Maybank?

Where's the chart(s) ?

This is Maybank



This is CIMB viewed on the SAME time frame.



the zoom view



And CIMB too has a CLEAR TRENDING CHANNEL.

Unlike Maybank, CIMB has a channel which is trending higher.

Does this make CIMB a better banking stock then Maybank?

I do not know. (ayam is trader la... what you expect?)

However... what is interesting or what I am seeing is this interesting set of data....



CIMB's recent 3 quarterlies is showing that CIMB is making more and more money.

whereas this is Maybank....



and clearly Maybank is making less and less money rather rapidly.

Which is a sharp contrast from CIMB.

Is this why CIMB chart is showing an uptrend channel, while Maybank is showing a rather sharp downtrend channel?



Which one better?
Do I want to be in the banking sector in an environment where the central bank had just lowered the interest rates?
Where is the updated set of banking ratios in the sector?
Which bank has the better performance ratios?

Don't know...don't know...don't know...


Trading always about possibilities or some say probabilities...
and trends....

Even earnings has a trend...

so I have to ask myself....
what if the earnings trend continue?
what if Maybank next quarterlies show another drastic decline in quarterly profits?
what if Maybank next quarterlies show a decline in profit of more than 30%?
not possible?

if and if this earnings trend continues to decline, wouldn't the chance of Maybank stock continue to drift downwards?


ah ....
of course if next quarterlies profit increases...
then of course the stock price could breakout of the downtrend and rebounds.
sure it's possible....

but to bet now....
won't me eating lobster or ikan bilis depends on it?

do I favour such a bet?

hmmmm...


oh.... the dividend yield.
LOL!

trailing dividends is 50 sen la.

can count or not.

LOL!

the classical dividend yield or the earnings.
which will have more impact on the stock price?

well... clearly... for now.... the earnings is winning.
so trade the stock for the yield ah?

LOL!


oh another interesting fact...

Trailing dividends = 50 sen
fy 2015 dividend = 54 sen
fy 2014 dividend = 57 sen
fy 2013 dividend = 53.50 sen
fy 2012 dividend = 65 sen
fy 2011 dividend = 68 sen

based on the last 5+ years (some might insist on more years but I am lazy la) .... Maybank's dividends is declining....
point to note hor...


wait... let me paste these simple points posted earlier...







let's see what happens.....
at this point...
I do not have any trading positions....
but as a trader...
one is always fluid.....






my own notes laaaaa....