No, it is not ok to love your stock that you hold. As once you fall in love with your stock, one can be bias on evaluating the stock already and reluctant to sell even price is high. Stocks and investment product is just a place for your money to generate more money. Once it fails to deliver and deteoriate then it is deem no good already. Some stocks are worth for long term because it consistently generate return rate to you, so you hold it long term like 10 years or 20 years, doesn't mean you love or must love it. Things and environment can change. Just like GM, once a taikor in auto business in US, with price tag once more than USD 50, now only in teen number only, after holding for 10-20 years.

Eg. Pbbank past record generating return rate is good, so you like to hold the stocks, but if in the future company fails to deliver the return rate as previously or no return rate then there is no point to hold it unless it is just a temporary effect or special exceptional event occuring.

So evaluate stocks and situation disregard whether you have substantial amount of investment in it, will lead to a better decision making.
If it is a mistake, then admit it is a mistake, nothing wrong with it. There is no one can make sure 10 out of 10 or every their investment or decision making will surely making money one or success one. Admit mistake then move on and learn lesson of it which only will lead to a better future investment decision.

Just my 2 cents.

Time for V14.

Yah, this is what i mean in my previous post. Maybe my previous posts confusing..
I shall rephrase my sentences abit.
Be neutral with stocks that u currently have. Love it when u dispose it with handsome profits.

Anyway, thanks for further clarification.
I totally agreed that when you trading stocks, it's not ok to love your stocks.
Trade it as business. Nothing personal feeling when doing trading stocks.

Political situation in the country is getting interestingly chaotic.. DSAI in the limelight again. More bad news for the market i suppose..


errrr..... are we in version 14 already??

dreams_achiever,

Be neutral with stocks that u currently have. Love it when u dispose it with handsome profits.

Love is emotionally loaded word. You SHOULD NEVER love your stock. It is AN INVESTMENT to make money. When it is NO LONGER making money for you, you dispose of it. Or, you can get BETTER RETURN from somewhere else, you move the money.

You MAY dispose of the stock when you have better use for the money. And, you dispose of it even if you lose money too especially if you believe you can lose even more by keeping.


Bottom line is NEVER get emotional with a stock.

Know why you buy it. Know under what condition, you will sell it.

For example, I like PBBank now. But, if Malaysia opening up the financial market and let foreign bank like OCBC to open as many branches as possible, I will have to re-evaluate whether I should keep PBBank.

Dreamer

This post has been edited by dreamer101: Jun 30 2008, 09:32 AM

Market not healthy lately. Volume getting worry sick.

KLSE cirit birit

IPO is totally knock out (KO). I wonder how BURSA can approve those company to be listed.

Market doesn't look like any energy today. Everybody waiting on the sidelines for news?

Most peopel adopt wait and see attitude now, especially with recent political news, how it will impact local political front. Kopitiam must be full pack of people talking about it.

A history (1998) episode reshowing? just hope stock market doesn't repeat the fate of 1998.

Unfortunately, it will go worst from here.

Oil is now up USD 2.00, Trichet is definitely increasing interest rates on thursday and along with a huge drop with payroll numbers. It's the sum of all fears for the CI.

Malaysia Economic Tsunami coming soon

This post has been edited by AdamG1981: Jun 30 2008, 03:32 PM

Thanks for the detailed analysis.

Though the dilution due to the warrant is expected but this is way over my expectation. All I was expecting was the price to hover above RM2.00 which is still above my buying price and I can keep earning decent dividend. With the current price, it is lucky that I sold off all units last week without getting my capital burnt. I will wait for it to bottom and scope up a few units later.

The other worry is the IPP negotation and the windfall tax. Now I understand why smart businessmen and investors do not like Malaysia market. They simply make rules that is not friendly to the economy. Sigh...

---

Added on June 30, 2008, 3:31 pmYa, cash is king now. It is better to cash out and stay at the sideline while waiting for everything to unfold itself. Well, I hope we the Rakyat dont have to suffer because of some clowns trying to play some tricks.

This post has been edited by cantdecide: Jun 30 2008, 03:31 PM

DJIA futures turn lower, oil has hit high $143.00.

The bears are saying "THE END IS NIGH"

The end is near? But how near is near?

a lot of counters have reached their 2-3 yrs low now...
anyone take any action?
or wait after 9/16 first....
few months back.. i can never imagine resort can reach <2.60... it simply sounds crazy to me...
but it happens now...

I really feel like being in a movie shooting Adam, thank you for entertaining us I am ready for this "fall". Down with DJ and KLCI!!

Jordy, you welcome

I don't think anyone of us should purchase counters at 52 week lows, there are still room and many uncertainties surrounding KLCI.

Let's say if Anwar gets arrested this time, what if the demo turns into bloody riots?

The most recent Mar2008 bottom 1170 is deeper than the Aug2007 bottom 1190
Can we break another new deeper bottom 1150?

Lower highs and lower bottoms are great seasons for bargain hunters

Only for high value stocks. Never guess the bottom for CI because like our political scene, anything can happen!

2 new IPO coming (appear in my maybank2u.com eshare application)

anybody care to comment reg these 2 ipos? co. profile and outlook?

or, in these current market day, it doesn't look good, and i should stay on sideline?

market is expected to go down slowly, and surely. doesnt look like going to fall like after election, but slowly creeping down south

The recent IPO that listed was Luxchem which tanked on their first day, dropping until it hit the 30% mark which means cannot drop some more.