just remember rule of thumb for any investment.

"Your gain is someone else loss" or

"Your loss is someone else gain"

that rule of thump cannot be applied to "any investment".....
ex,....this investment...stock investment.
sell 0.10 higher than buying price,....
buyer bought and sell again at 0.10 higher and repeat...who is the one losing>....
thus "your gain is someone else loss" is not applicable to "ALL"

Anyone lost money in ABFUND, eGOLD, etc during the early 2000s?

Likely a scammer forex “fund manager” fishing for funds ...

Forex trading is mostly scammer business

What's ur average price?

Oil price is in positive uptrend. Hold a bit longer and pray there is a temporary ceasefire between US and China in early Oct.

RM 4.20! I was such an idiot! Should have stopped loss!!

I'm still not sure if I can trust the management. Maybe there's no hope.

Damn, my condolences... at that price I guess u bought this in 2014..before the oil price crash. U do know that it will never go back to that price, ever again? Look for an exit in the coming months.

Well dont feel so bad. 24k can be earned via other means. PNB also in the same boat as u. N I think they would hv lost hundreds of millions if not billion.

This post has been edited by Cubalagi: Sep 21 2019, 09:45 PM

I was naive back then .... thinking if PNB owns it, surely no problem. After all, they could give 7% every year... and also it was related to some politicians.

Nowadays I just want to diversify and go beyond just Bursa Malaysia.

Yes, I try not to think about it and move on. If only I could sell it at RM1 to exit ...

How many percent of capital lost? If more than 50% honestly even myself also reluctant to do cut lost because damage is done. Hopefully oil price recover lo, so u won't damaged that badly. If less than that i suggest you cut it and switch to other stocks since many big company also quite cheap at the moment.

Anyway sorry for OT guys.

more than 90%!!

E gold...got burnt when they claim kena raid blablaa.....but only lost about 4k....still alot consider my income was only 1.8pm at that time

Got burned when first learn to invest in local stock back in 2005. Lesson learned, never trust the analyst target price. You are almost certain to lose money from it. Its totally unreliable.

Now become wiser, study and make my own decision. Overall investment is making money.

Investing is not a zero sum game. Gambling is.

This post has been edited by Singh_Kalan: Sep 22 2019, 10:21 AM

For me no difference to cut loss, damage ia done . Just gamble to wait turnaround, u set your new TP and please be realistic. Hopefully recent oil related matter in middle east can push a bit the share price.

For reasons, bursa is known as crocodile pond.

High oil price is almost always follow by global economic recession.

if analysts so good, they would be millionaires already. Why do they still work as analysts?


how high are we talking about? I should prepare then ....

some analysts in nyc, london, sg, hk, etc yearly income include bonus could be >$1m and many are multi millionaires.

high until it create inflation, reduce disposable income and corporate income.

This post has been edited by icemanfx: Sep 22 2019, 09:52 PM

and they still work at the same position, creating brokers' report?

Multi millionaires don't have other better things to do but to analyse stocks for commoners, so that everyone gets rich?

Most reports are for internal consumption. published reports are intended to move price like "tips" and not illegal for these companies to sell after price moved.

Started last year around july-sept

Followed analyst recommendation. Beginners luck. Untung here and there

Then october - dec datang. Kena burnt

Lesson learnt.

Cut your lost early
Never catch a falling knife