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- Mar 11, 2015
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lucky u ... dat burger holding a lot ... saw 2 steps ahead big fall cumming ... wan pipz here 2 buy so dat he can offload 2 dem ...
Sam kor can offload more liao.
Fedz juz cutz 50 bp
lucky u ... dat burger holding a lot ... saw 2 steps ahead big fall cumming ... wan pipz here 2 buy so dat he can offload 2 dem ...
you can capture 2/3 very swee liao!Sam was too early.
https://www.bloomberg.com/news/arti...ager-who-beat-98-of-peers?srnd=premium-europe
But no big deal, $40,000 is peanuts to someone with net worth of > $10 million
Personally, I prefer to wait for the market to tell me by its actual behavior that it has bottomed out e.g. no reaction to bad news (i.e. it's already priced it).
It's a sucker's game to try to buy at the very bottom or sell at the very top.
My aim is to capture the meat of the big move without taking too much risk. If I can capture 2/3 of the big move without too much volatility, I will be happy.
It's important to protect your financial as well as mental capital.
Sam was too early.
https://www.bloomberg.com/news/arti...ager-who-beat-98-of-peers?srnd=premium-europe
But no big deal, $40,000 is peanuts to someone with net worth of > $10 million
Personally, I prefer to wait for the market to tell me by its actual behavior that it has bottomed out e.g. no reaction to bad news (i.e. it's already priced it).
It's a sucker's game to try to buy at the very bottom or sell at the very top.
My aim is to capture the meat of the big move without taking too much risk. If I can capture 2/3 of the big move without too much volatility, I will be happy.
It's important to protect your financial as well as mental capital.
Will I have caught the bottom and the top? Of course not. However I will have made a lot more money than those who just bang away on their keyboards giving expert advice without putting a cent where their mouth is.
shop kee lan lah!!
1st time see u so angry..
not angry...i am just seeing that there is no way to pick a stock now. this covid 19 will be around for a long time.
KNN boss be reminded of this drama KNN 大有哥 from penniless to millionaire back to bankrupt then to billionaire then finally last straw to his grave KNNThere's no such thing as "too early". It's not like buying a car. It's not a one off purchase.
You make a series of purchases while the market is going down and when you average the price it should be close to the trough.
When the recovery is in full swing you adopt the same strategy and start selling a bit at a time.
Will I have caught the bottom and the top? Of course not. However I will have made a lot more money than those who just bang away on their keyboards giving expert advice without putting a cent where their mouth is.
should be in business world you...Talk is easy lah. At least Sam took action.
But I do think this will affect fundamentals unfortunately. And globally. So business profits will be down. Who knows maybe recession.
Talk is easy lah. At least Sam took action.
But I do think this will affect fundamentals unfortunately. And globally. So business profits will be down. Who knows maybe recession.
There's no such thing as "too early". It's not like buying a car. It's not a one off purchase.
You make a series of purchases while the market is going down and when you average the price it should be close to the trough.
When the recovery is in full swing you adopt the same strategy and start selling a bit at a time.
Will I have caught the bottom and the top? Of course not. However I will have made a lot more money than those who just bang away on their keyboards giving expert advice without putting a cent where their mouth is.
Comparing apples and oranges. When one buys a car, unless one is a used car dealer, it is not in expectation of being able to sell it later for a higher price.
When a speculator ahem “investor” buys a stock, there is no reason for doing so other than he expects to be able sell it later for a higher price.
If you are a speculator (long or short term doesn’t matter, it is always good to call a spade a spade, and also to bear in mind that in the long term we are all dead), then there definitely is a “right time” to buy, and it is not when it is too early or too late, but more about that later.
One can also make a series of purchases on the way up and do equally well if not better. Based on your postings, you bought Air NZ on 26/2 at 2.40 (closing price) and the price as of closing this Friday is 2.06 (and likely to go down more based on Friday’s price action and what happened in global markets after NZ closed). What makes you think that you cannot achieve the same by buying on the way up from 2.06 (after the market proved by its price action that 2.06 is more likely than not to be the bottom) to 2.40 and then selling off at 2.64 (your stated aim of 10% return)? And wouldn’t this alternative approach be better since it does not involve a 20% or probably larger draw down in equity aka “paper losses” which your approach has actually resulted in?
Now the stock is at 2.06 and will probably go lower since it closed Friday at the lowest price for the day and after the NZ market closed, the NY market dropped ... again. This means the price needs to rise 20% from here just to go back to your break even price of 2.40!
These are mathematical hard truths, regardless of whether you see yourself as a speculator or a ahem long term investor.
Ah, so the intended position size has been doubled from the original $40,000 to $80,000 and by doing so you have managed to bring your average cost down by buying more as the price continues to drop. Up to a certain point, problems such as this can be “solved” by throwing more money at it, but not always.My purchase price has averaged out to $2.12 for $80,000 worth of shares.
It'll be back to $3.00 sooner or later and then I'll start selling $5000 worth at a time.
Timing is not really important. 6 months or 18 months does not make much difference to me. Whatever happens it's better than 2.8% per annum in a term deposit.
Dividend yield historically has been above 7% so even if I was stuck with the shares for a bit longer I'd still be getting a decent return.
View attachment 72960
Ah, so the intended position size has been doubled from the original $40,000 to $80,000 and by doing so you have managed to bring your average cost down by buying more as the price continues to drop. Up to a certain point, problems such as this can be “solved” by throwing more money at it, but not always.
Wish you all best of luck for your speculation ahem investment
I hardly consider it to be speculation. I pay in full and have holding power plus I get dividends that are way better than bank deposit rates. I've used the same strategy before and always come out on top.
My mistake has invariably been to sell too soon and be content with a smaller return instead of holding my nerve.
If you can point out which of my premises are wrong I'd be happy to admit the error of my ways.