Hi,
I have followed this forum for some time but this is my first post. Something posted by Calvin make me need to speak... I have personally heard people joining 'stock investment clubs' before and even I have been asked but is this legal in Malaysia? Is it like a syndicate where eveybody combine their money and then sell/buy the same share all at the same time?
Please can anybody advise me.
Thank you.
Wow... Never heard of things like this before... Why people want to do this? From my opinion, when things go wrong (as in investment goes to the red), bad things may happen...
Booffett... any idea on this?
of course this is true...
this is just one of the many trap in the stock market.
Gerogetown OSK and Hwang got quite some kaki about this, if interest, u may try to get know some instituitonal delaing team ppl there.
however, if that technique really profitable?
yes, it is if u know how to do it, and do it in trend with the market force.
and u have a network of many * that consist of many unsophiticated investor to dump ur highly priced stock after successfully goreng the stock.
of course this is illegal, but SEC will have very hard time to get rid of this.
ok, then any example...
ok, this is what i heard, the newsletter PI capital on technical analysis, the founder, which i think he is among the best tech analyst and speculator in Malaysia, if not the best, is being banned from KLSE. i heard this is because he manipulated KLSE with some of the technique, such as goreng stock as we discuss above.
if u want to try to form a team of ppl like this, then may be we should stopp dreaming.
people only able to do this when they have billions in pocket as a group.