Hope that PBBANK price will go down some more so that I can accumulate some more. Hehe.

This post has been edited by DanielW: Aug 7 2009, 02:46 PM

Just accumulate when you feel it is right. No need to wait go down more or go up or whatsever correction. I mean if the fundamental is strong, then it will sustain

public flying.

Dun be so happe. Back to square

for loong term.

Yeah I know that..the price now has dropped from its average 10 year PE of 13.9 It will be nice if the price can drop down some more so that I can buy it cheaper ;-)

I just buy and if it does go down substancially, buy somemore to cost average out

Looks like PBBANK share price is going side ways now.

How many time you can avg down with such a big amt of money.

One interesting blog entry to read up!

Who the hell is this Dali ???

I particularly don;t agreed his statement below :-

"My final say on PB, is that its not a stock you want to be holding in a market rally!!! Its a stock you want to be holding in a flat or negative market, its a f***ing defensive stock."

No matter is a rally, flat or negative market, i still hold on to it.

smartly,

"My final say on PB, is that its not a stock you want to be holding in a market rally!!! Its a stock you want to be holding in a flat or negative market, its a f***ing defensive stock."

His statement is CORRECT coming for a person with the point of view of TRADER. People that make money by buying and selling stock.

Dividend investor THINK differently from a trader. We ONLY buy when the dividend yield is attractive enough. And, we DO NOT SELL base on stock price. Most people are not dividend investor. And, financial market do not encourage dividend investor since they make the most money when people buy and sell regularly.

Dreamer

P.S.: This is one of the few blogs that I RESPECT. I may not agree with him all the times but he is INTELLIGENT and he knows what he is talking about.

This post has been edited by dreamer101: Aug 11 2009, 07:06 PM

His suggestion is quite right if you study PBBANK share price movement and P/E for the past 10 years.

This post has been edited by DanielW: Aug 11 2009, 07:23 PM

I don't discount that it is a defensive stock but it is also wrong to say trader don't hold this type of ctr in rally market.
This is very subjective, depending of individual preference. I consider myself a trader but i hold Pbbank for umpteen years.
My cost is RM2 during those day & i hold 4 lots given 1 lot free, end up with 2500units after consolidation & with some extra odd lots with d recent shares div.
total cost of investment is RM8 & the worth of today base on my holding is RM25 for a period of 6 years discounting all the div received through out 6 years.
25 - 8 = 17 net profit, almost 3X of return for 6 years, tat represent a 35% return a year. What more to say for a trader or div investor ???
Is holding in rally market a definite wrong ??

We as INVESTOR hold stocks for long long time. Traders just wanna earn peanuts like 10-20%, while we want to earn few times, if possible.

Attaboy! Jason!

Yes, you are correct but Traders just goes in and out quickly, or as they deem correct . Its the RISK APPETITE.
Some can buy and hold for centuries but some just cannot.

Everyone is unique and have different strategy. Your is SUPER LONG term (Like W.Buffet).
Mine is SHORT-TERM. For me, anything can happen in the future. Malaysia in war, or total economy collapse..

Let say PBB is like AIG, from 2000$ share now become $20. Anything is possible. Remember not every share is Public Bank. There's many example that other shares never even recovered back to Pre-1997 level.

My 1cent view. Not opened for debate.

irrespective long or short making money is the ultimate go for everyone, be it trader or investor.
individual preference. in the nut shell no right or wrong.
say PBB is non-other than PBB, from 1000shares balloon to 20000shares since listed, it also possible, no one deny that. Remember there was an article listed all the shares that u keep since inception. Millions in return by keeping just mere 1lot.

my 2sen view, open for discussion.

Actually also depends on company. If you buy those company making profit, even at RM0.10, in next few years it could be gone

smartly,

<<irrespective long or short making money is the ultimate go for everyone, be it trader or investor.
individual preference. in the nut shell no right or wrong.>>

Yes, there is a RIGHT and WRONG.

The RIGHT and WRONG is what do you buy a stock for and you do it CONSISTENTLY.

A) If you buy it as TRADER, you SELL it ASAP to make money as long as it hits the target. You monitor it frequently. Or, you sell it if it is not hitting your target. You cut your losses. You DO NOT HOLD.

B) If you buy it as dividend investor, you only monitor it infrequently. You ONLY SELL if the dividend yield no longer attractive.

(A) and (B) are totally different.

The problem with most people is they start with (A). But, when the stock did not hit the price, they change their mind. They DID NOT SELL to cut losses. They hold the stock. They become (B).

Or, they start with (B) but they sell the stock as soon as the stock went up a bit (A).

For each transaction, you need to think whether it is (A) or (B). Then, stick to it consistently.

Most people do this kind of mistake.

Remember, there are DIFFERENT requirement for (A) and (B). To do (A), you need to MONITOR the stock all the time. Not many people can do that.

Dreamer