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Investment Anyone kena burnt in investment?, Experience and your lesson learnt

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moosset
post Sep 21 2019, 03:34 PM

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QUOTE(foofoosasa @ May 14 2019, 04:10 PM)
2) Invested in Sapura energy I guess 3 years back. Estimated Lost around RM40k
but this time I smarter, I cut loss when  down almost 30% from my purchase price.
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I'm still holding Sapura. Fc*k! What should I do with it?? I think it's about 25k loss now!!

IIRC, I think I average down ....

Lesson: don't trust crony companies blindly ....

This post has been edited by moosset: Sep 21 2019, 03:36 PM
moosset
post Sep 21 2019, 09:00 PM

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QUOTE(Cubalagi @ Sep 21 2019, 07:16 PM)
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.
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RM 4.20! I was such an idiot! Should have stopped loss!! bangwall.gif bangwall.gif

I'm still not sure if I can trust the management. Maybe there's no hope.
moosset
post Sep 21 2019, 09:56 PM

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QUOTE(Cubalagi @ Sep 21 2019, 09:43 PM)
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.
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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 ...
moosset
post Sep 22 2019, 08:33 AM

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QUOTE(foofoosasa @ Sep 21 2019, 11:56 PM)
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.
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more than 90%!! cry.gif
moosset
post Sep 22 2019, 09:37 PM

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QUOTE(Singh_Kalan @ Sep 22 2019, 09:25 AM)
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.
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if analysts so good, they would be millionaires already. Why do they still work as analysts? tongue.gif


QUOTE(icemanfx @ Sep 22 2019, 12:38 PM)
High oil price is almost always follow by global economic recession.
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how high are we talking about? I should prepare then ....
moosset
post Sep 22 2019, 09:55 PM

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QUOTE(icemanfx @ Sep 22 2019, 09:51 PM)
some analysts in nyc, london, sg, hk, etc yearly income include bonus could be >$1m and many are multi millionaires.

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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? hmm.gif
moosset
post Sep 23 2019, 09:00 PM

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QUOTE(frostfrench @ Sep 23 2019, 04:28 PM)
Before the last Malaysia general election, was happy holding construction related company shares.
After general election, all construction on hold, so my portfolio gone red red red, still not yet fully recover lor
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constructions? like Gkent?
moosset
post Sep 25 2019, 06:14 PM

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QUOTE(frostfrench @ Sep 25 2019, 03:42 PM)
yes, I still holding Gkent  cry.gif
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my friend got lucky. He actually talked to me straight after PH won the election. I was like, maybe it's time to sell, so he sold it.

 

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