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91
There were 2 situations that induced raider to be less risk adverse than normal. In fact, he was actively risk seeking. There are lessons we can learn from other’s misery.

1. When the price of Hengyuan rose from 6 to 19, raider was ahead in the game. He was playing with the “house money”.

2. When the price dropped from 19 to 14+, raider sold because his stop loss price was triggered. At 12, the price rebounded. Raider who was behind in the game at this stage saw his chance to break even or even to make a profit. He confidently bought more and declared his average cost to be 12 and boasted he will * * hold forever, even encouraging his followers to do likewise.

Today, Hengyuan is at 6+.


Poor raider. We are lucky to learn some lessons to guide our investing from these 2 situations that may induce people to be less risk averse than normal and in fact, actively risk-seeking.

The importance of the ability to understand the business, its durable competitive advantage, its management and its valuation (intrinsic value) is still highly relevant to the successful long term investors.

Learn from other’s mistakes and profit from these lessons.
92
Equities / Re: KLSE starting to collapse
« Last post by ORIENT on June 22, 2018, 06:01:53 PM »
Still below 1700  :clap:
93
Equities / Re: Spot KLCI Index
« Last post by king on June 22, 2018, 04:50:11 PM »



1694.15

closed
94
Equities / Re: TM $$$
« Last post by Cliffordz on June 22, 2018, 03:59:43 PM »
The important message I received from this forum helped me with many basic knowledge.
95
Global Markets / Re: FANTASTIC MARKET >> almost 600 UP ...MORE to COME $$$$$
« Last post by Cliffordz on June 22, 2018, 03:59:15 PM »
I would like to know the source of this information that you present.
96
Free For All / Re: NEW MALAYSIA
« Last post by king on June 22, 2018, 03:51:40 PM »



 52  5
Ringgit fair value is same as 1998, says Dr M
Bloomberg | June 22, 2018
The prime minster says the strengthening of the ringgit should happen naturally.

Prime Minister Dr Mahathir Mohamad says the ringgit is being unfairly punished by the stresses buffeting most emerging markets.

KUALA LUMPUR: Prime Minister Dr Mahathir Mohamad said the ringgit’s fair value today is the same as the peg that his previous government established in 1998 in a controversial move during the Asian financial crisis.

Asked where he saw the fair value for the ringgit, Mahathir said “3.8”.

That’s more than 5% stronger than its current level against the dollar, and a rate it hasn’t seen since mid-2015, when worries about China hit emerging markets. The currency climbed 0.3% after his remarks were published.

“We would like to strengthen our ringgit, but it should be done naturally,” said Mahathir, the architect of capital controls in 1998, that ultimately were seen to help stabilise the economy though were criticised then by the International Monetary Fund.


Mahathir didn’t elaborate on steps needed to allow for natural appreciation.

He said that the currency is being unfairly punished by the stresses buffeting most emerging markets. An appreciating dollar, propelled by Federal Reserve monetary tightening, along with worries over a US-China trade war, have hurt demand for developing nation assets.

“This is actually the problem arising from the state of the world’s economy, not just ours,” said Mahathir of the ringgit’s current valuation.

Since he took office last month after a surprise election victory, Mahathir new administration’s had warned that Malaysia’s debt is much larger than estimated by the previous government, making some foreign investors wary.

The benchmark stock index is down 8.5% since the election, or 9% in dollar terms, against a 5.3% drop for the MSCI Emerging Markets Index.

Even so, forecasts since the election show strategists do see the ringgit appreciating in time. The median estimate in a Bloomberg survey is 3.95 for year-end. Projections indicate it will stay weaker than 3.80 in coming years, however. It was at 4.0025 as of 2.13pm in Kuala Lumpur.
97
Equities / Re: Spot KLCI Index
« Last post by king on June 22, 2018, 03:39:33 PM »



1699.74
98
Equities / Re: Spot KLCI Index
« Last post by king on June 22, 2018, 03:34:11 PM »



1699.51
99
Equities / Re: Spot KLCI Index
« Last post by king on June 22, 2018, 03:30:51 PM »



1698.63
100
Equities / Re: Spot KLCI Index
« Last post by king on June 22, 2018, 03:22:28 PM »



1697.22
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