QUOTE(chuah xui cheng @ Sep 20 2009, 10:41 AM)
1. In mArch 09, Pai asked everyone not to buy Zest, asking them to "trust" him that zest cannot sell at least 1 year. This is confirmed misleading.
http://forum.lowyat.net/topic/952900
Hrm to be fair - I think one makes decision based on the market situation, and the future. http://forum.lowyat.net/topic/952900
Back in March, the economy was looking gloomy indeed. LRT plans were also fishy, it would seem the federal government was all out against any non-BN state projects.
So indeed, Pai's analysis is correct during that time.
3 months later, we made some sort of a V-shaped recovery, along with all the stimulus and ever low interest rates. LRT plans suddenly goes ahead.
These were all quite unexpected, and it had nothing to do with the developer, but rather purely a change in consumer behaviour, confidence and risk taking.
This was surely bound to happen, but maybe no one expected it to be so quickly.
So, the data now is quite different compared to the past. It will also, requires change the valuation and decisions one make.
Sep 20 2009, 12:16 PM

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