MISS PLAY SAFE AND MR GAMBLER

I have two remisers. First is Ms. Pretty from CIMB Securities and the second is Mr. Jerawat Gambler from AM Securities. When asked for advise, both of them give me different views on the same subject matter. When asked about certain counters in the top volume league, Ms. Pretty always shy away from counters like Iris or Keladi. She said these are sydicated counters and she won't even look at them. She said these are companies of no value and punters buy and sell just to make short term gain. She prefer counters like Bursa, Maybank, Tenaga, Digi and the likes. Mr Gambler meanwhile always ask me to play margin (he uses term play rather than invest), like buying Iris at 0.235 and sell at 0.24 or 0.245 in the same day and take profit from the lower commission charged.

I think as a woman, Ms. Pretty always follow her maternal instinct which result of her being so protective over my investment. I wanted to buy Bursa in one low time at price of 8.50 and she asked me to wait for the next day afternoon as the price was going down. The price drop was actually stop at 8.50 and started to climb. In the next few days it went up to 11.80. I didn't make profit for that particular time. Again recently I wanted to buy Tebrau at 1.21 and she asked me to reconfirm a few times which made me change my mind. Tebrau went up to 1.33 the next day and another boat missed.

For Mr. Gambler, he always want to risk my investment. If I ever give him the authority over my investment, I either be very rich by now or very poor. I gave him a free hand once to do margin trading and I lost RM8K at margin call after 3 days for DBhd. Probably he didn't sell after Dbhd slided a little bit which made me lost RM1K. Thinking it may go up before the margin call, he didn't sell for 3 days and there my RM8K flew away. I didn't blame him. He probably did that in a good faith got caught in a diffucult situation. It is me to be blamed as I gave him a free hand.

I changed my strategy after that. No more free hand. I seek their advise and I didn't really follow what they say. I make my own market research and decide on the counters that I wanted to track. I study the fair prices of their shares. If their prices go down much below than their fair value without a good reason, then I will buy. It is not a difficult job. This always work and I have recouped all my previous losses. In investing, I am always learning. There will always be a new situation that I have to deal with.

I don't think Ms Pretty and Mr. Gambler have all the time to track a a few counters like what I did. I bet they have so many clients who do not track the same counters that I tracked. They look at hundreds counters everyday and my counters may not even show in their radar.

So the best option for me, just make my own decision regardless what they say. So far it works.

CASH IS KING

Asian Financial Crisis 1997-1998, I was in KL. Our stock market went down to the drain. Good and strong companies suddenly became so cheap to own. I was attracted to Maybank, the price went down to RM2.87 from the peak of RM20++. What a great bargain, couldn't get it in a lifetime. But, alas.... I have no money. I did have a little saving of RM30K and it was for my running budget, I couldn't touch it.

I knew that I need RM200K and I will be on my way to be a multi millionaire. But I don't have RM200K.

Maybank went up to RM15 after the dust of Asian Financial Crisis settled. That RM200K should have been above RM1 million already.

So I miss the biggest boat ever, just because I don't have that 'King'.

FAREWELL SWEET NURIN

I bid you farewell Nurin Jazlin. The previous world had been so cruel to you. In your new world, the angels will look after you and nobody would harm you again.

Rest in peace.

HOW COULD YOU DISPUTE A DNA TEST

So it is Nurin after all.... My anger and sorrow are beyond words.

Although it is difficult to dispute a result of a DNA test, I still go for a second test. Probably another one after that. And another one....

If it happens to me, I will never accept that reality.....

FIND NURIN JAZLIN

I am posting this after reading Akula's post and appeals on Nurin.




I pray for Nurin to be found safe and alive. I feel the suffering of her parents.

We are now living in the different world compared to 15 year ago, in a scarrier world now to grow our children. I hope she will be found.

As for the other girl who had been sexually assulted and murdered, I join the whole nation mourned. I pray for her to be amongst the angels. I damn the animal who did that to her.

Our march to become an industrialised nation has neglected our social responsibility. We are no longer living in the caring society that we used to live. For this I damn the politicians, policy makers and the local government authorities.

DON'T BE GREEDY

Haven't post for quite sometime now. Not to worry, I don't think anybody is missing me because my blog is a low traffic in a slow lane. On top of that life has been very busy from the start of Ramadhan. A lot of projects have to be finalised within 2 months. Hmmm... looks like I have to work until 9.00pm everyday.

Anyway..... a little news on investment. Well I have been ignoring my remiser for quite sometime and I didn't lock my investment to any counter since, just to be safe in the present time rough seas. She texted me the day before yesterday asking me on what is happening.

I straight replied with a question, "Tebrau berapa?".

She responded "1.16".

I instructed "Buy all my holding for Tebrau" and after 10 minutes she responded "K done at 1.144". Hmmm... a better price. I smiled, maybe duit raya is coming.

The next day I texted her "Berapa dah" and she responded "Ok 1.12". I didn't get what that ok actually means. Ok for for my investment not going down that far? Or ok that it will go up later in the day?. On my way to office, when I emerged from the tube station, I received a text from her "Tebrau is now 1.21". I quickly responded "Jual all my holding". After 20 minutes she replied "Done @1.22". Well.... I just made 6.64% return for my one day investment.

When the market closed for the day Tebrau closed at 1.29, which means my return would have been 12.76% if sold at that price, a slash of 6.12% when I sold at 1.22.

Well I have taught myself not to be greedy. No investment Guru will recommend buying at rock bottom and selling at the most peak because nobody knows when is the rock bottom and when is the most peak. The return of 6.64% in one day has translated to my duit raya already.

MONDOK

Since I was 16 I had never been to a barber to cut my hair. I cut my own hair. The fact that I can cut my own hair, my service was sought after in time of emergency by my dorm mates. You see, I was in a boarding school and in every Saturday we had this inspection by our warden, who was also the school disciplinary teacher. We must have our bed tidy with a clean bedsheet, clean and tidy locker, wear national dress with the school theme 'samping' and most of all we must have our hair neatly cut. This was where my skill in cutting my own hair made me busy in Friday afternoons. Cutting my friends' hair got me some extra pocket money that I needed most as my my parents couldn't send me much. I did not come from a well to do family.

I had a few regular customers with different hair styles requirement. The one style I could never forget called 'airport runaway' from this particular customer, who was also my good friend. We called him Mondok in school. I didn't know for sure why he was called Mondok, but all of us got our nickname while we were in school. I won't tell mine, it is secret.

On one particular Friday, I was so tired that I went for a nap in my dorm immediately after the school periods were over. I didn't even go for my lunch. I slept like a log. Mondok woke me up at around 5.00 pm and asked me to cut his hair for tomorrow's inspection. I was still groggy but I couldn't say no because I had promised him early in the morning before school. So I started cutting his hair while yawning myself out. Snip... snip.... snip... I was cutting his hair for an 'airport runaway' look. Snip and...... a big.... OOUUCCHH. Mondok yelled and jumped from the chair. I had snipped his right ear. Some blood dripped down and he ran to the sickbay for help.

I didn't charge Mondok for the service. I gave him a free hair and ear cut that day.