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Fellowship of the Shares

l_tan888 :

the X factor at work

whatever is yours will be yours , whatever is not destined to be yours will not be yours ,

not doing ur duty is also a duty .deciding not to decide is also a decision

hahaha ! (escape !)

 

Baseerahmed,

 

Akan tidak datang lah.  Take my post on 3 Apr at 14:00.  I was asking Elf on what's her view on Ho Bee and Yanlord.  Wah, today Yanlord in the blink of an eye, went up 12c.  If only I had jumped in,,,,, but,,,,,,,ahhhh.  In just a matter of 24 hours.  You don't even have time to do your "due diligence".  Or even if you did, your charts would also not expect it to cheong so much today, right?

 

i_tan888:

aiyyah, must be so technical huh, ok ... ok , " akan datang knowledge " .

" May you acquire great fortune with your akan datang knowledge and also with the vast experience you have gathered over the years in the stock market "  : )

Having said and done, there has to be a part for X factor in the equation of life. As Bahavadgita says :" Do ur duty, and outcome are from me." We definitely have to put in our due diligence, the effort.

lewsh88:

exactly the same words I used with a friend last night ! on drawing parallel with learning to cook and TA.

were u in the vicinity or .......very scary ..? hahaha !

 

 

Hi Elf,

 

That's why I say it's still 40% knowledge (TA + FA).  Take for example Jurong Tech.  It's a blue chip in the ST Index.  Who would have thought it would collapse so fast and furious just because of Motorola's and Maxtor's losses?  Another example is Wing Tai.  At about $2.80+, some TAs were saying it's chart is getting rich and could have maxed, but yet it went up further to $3.46.  Even with the present STI chart, it is already considered very high, but yet it's still climbing day by day.  It's really hard to explain actually. 

 

Why luck?  The day I bought into Ellipsiz, there was the news of Iran capturing the UK navy sailors, the next day or even on that evening, oil prices rose like crazy.  Last night (when I've sold), oil prices dropped over US$1 as they say the situation in Iran could be resolved soon.  Those who had been frightened of construction stocks by the sand/granite ban can now be relieved because of alternative supplies from Myanmar.  If they had not hold on to their stocks, today they will also regret.  It's difficult to go against the Gods lah.  Just like the show:  The Gods Must Be Crazy. 

 

morning vigra for a while..... then no more power.....

seem like BB is shifting counter by playing musical chair     

 

ok, peeps still holding onto HB and AG, might like to run on the former alr if you haven't alr done so. am seeing large vols being sold now.

AG still has some space to go up but note 300 lot sold down at 0938 this morn. When you start seeing AG registering consistent HB readings like today (sold down large lots), can consider letting go alr perhaps. market very volatile, reward might perhaps not be worth the risk.

 

sell into strength.

 

l_tan, must disagree with you there. def luck plays a part, but the point of responsible investing is, why depend on luck? Whether TA or FA, it's good because it helps you to mitigate such 'ill-luck'.

'cos after a while, you'll realise that what ppl call 'good luck' in the market or 'those lucky ones' are the same ppl who actually didn't depend on luck and did the work for it, esp long term. Think Warren Buffet depended on luck? no such thing as a free lunch. eg, on AG, if you act watched day before that big crash, you'll see BB sell down 3 pm onward. you'd have followed and firehouse sold, instead of holding on, esp since one's likely on profit already.

Similarly with Ellipz--stocks recommended in papers are likely to spike up, then come down when ppl realise it's just rumors and there's no FA basis at all. Think HPL, think csm, think any stock recommended in the 'investors page' in the straits times. Essentially it's patterns. and 'cos humans behave in more or less fixed ways, you can similarly track stocks. Nothing much to do with luck at all, except for the really major world events that happen fast, in which case, everyone's gonna be caught by surprise and that's just one of those things.

 

sorry ah, just my opinion here....

 

l_tan88...

T3B and SR Trading (not SRC, sorry) both advertise occasionally in the newpapers.

I believe they are both worth it.

In any case, just knowing TA will not guarantee  you will make money. 

There are more important aspect to the whole game.

 

Hi Sporeguy, Eastonbay - for China tours, you can actually arrange your own specialised tourwith local travel agents if you have a party of >10 persons...  I am arranging one presently to go selected parts of silk route and northen xinjiang - to see the Altai mtns.

but I think for battle of Chi Pi location - I thot that area has been submerged by the building of the Three Gorges but I am not sure... I was told (in mid eighties) that the Temple dedicated to Zhangfei near Ichang will be submerged ..  but do check with the travel agents... re forming our own boutique travel company, it is a fabulous idea.. if you are serious, I might even join you.

 

Baseerahmed,

 

Thanks for your kind thoughts.  No newly acquired knowledge yet leh.

 

Ipunter,

 

Catch no ball what you say leh.  Who's T3B and SRC (Singapore Recreation Club?).  Also, "to avoid the latter", do you mean SRC?  But I think no need so chim as personal coaching lah.  I still think investing is still 60% luck and 40% knowledge.  If lady luck is not with you, whatever you buy will also tumble.

 

Hi l_tan888 and others, including myself:

Attending TA courses, SGX forums, reading TA books are just the basics.

Its like attending cooking classes; reading cook books; collecting cooking receipe and getting cooking tips from master chefs. You are not going to be able to cook up something good immediately yourself. But after a few tries at one dish, you may get something that at least your spouse and friends will appreciate.

 

I know. Because it took me 12 times at making one cake that I was taught, to get it ALMOST perfect!!!!

 

l_tan88..

In that case, you need not just TA... since even with  TA, you need other related guidance too...

I will strongly suggest (for a person of your investment stature) to attend a "Coaching Course" held by individuals who are able to guide others for a nfee...

Examples of these are T3B, SRC ... these individuals do not promote their courses as passsionately as some I know ( it's good to avoid the latter).

 

l_tan888

Good luck to you! May great fortune shine on you from now onwards.

Hope things turn around for you with the newly acquired knowledge.

 

 

Hi Elf, lewsh88 and Ipunter,

 

Thanks for the feedback.  Will lookup at Terraseeds.  Currently looking into the forthcoming courses at Chartnexus.  Looks interesting.  No choice lah, have to go back to school again, otherwise, will go bankrupt in no time. 

 

TA courses held in the classroom are good...

But is is more for those who wish to be "held by the hand" and guided, so to speak (nothing to do with hand-holding, though).

Personally, I think the best way to acquire and master  TA is to learn by oneself at one's own pace.

With regard to books... since TA is an 'artform', one would do better during the learning stage to acquire as many TA books by different authors as possible. In this way, different styles and varied 'tricks' will be learned.

 

singaporeguy, I have not visited those two places yet. In the post I said "So, I want/plan to visit places like Xi-an, the ancient capital of Qing Dynasty, 'Chi-bi' the red cliff where ...."  I was thinking of the same thing, like following a route as described in Romance of 3 Kingdoms. It will end in 'Jie Ting'?? In Germany, they have such tourist routes e.g.. the wine route, the fairytale route where you start from Southern Germany to Northern Germany visiting places linked to fairytales written by Brother Grimm.  I have yet to find something like this in China. Perhaps can set up a boutique travel company to cater to unusual tourists who want to see history than to just do shopping.

 

hi l_tan,

apologies, have never been for a TA course, so am unable to recommend. apparently quite a few forumers here find terraseeds good tho? if others can rec?

agree wtih ipunter's two pts abt buying when everyone else losing their heads (and selling), and vice versa. basically, keep rational when everyone getting emotional. and yah, how much lower is also a big factor. as well as all this being easier said than done. 'cos its really hard to keep rational when everyone is euphoric/pessimistic.

 

yah, lewsh, unfortunately that's my generation. I'm not representative tho! but yea, that's what happens when you spoil your kids and give them everything. ppl need to fight for thigns in order to treasure it, or as an old 1950s ladies journal advised, "lightly won is lightly prized".

 

and haha. anyone seeing the market??? was wondering how come the bona fide BBs (henceforth bfBBs) suddenly came back in market even tho easter weekend up. No wonder, they were taking positions ahead of Dow rally. action's in construction and finance. pls be careful tho; no exuberance needed. Faster rise equivalent faster falls if any untoward news occurs. 

 

ok, tata.

 

ipunter,

Sometimes in life, a reminder is good.  I shall try to sell today and not let greed take over. Leave some for others as well. Keke..

 

About the young driver, I feel so sorry for the family. It must be difficult for the family all this 18 months...no closure.

 

TA aside...

If one simply follows the old dictum "buy when everyone is losing their head",

One would have befitted hugely.

But then, in reality, it is easier said than done...

Then there's also the "how much lower" factor to consider.

 

Today's ST news on the driver who tested a Mazda sports car in Oct 2005 that caused the death of the young lady salesperson is shocking indeed. According to the report, he has not been cleared by the police investigation yet. Now he is bragging in motoring blogs on his intention to buy a sports car.

 

Is this our furture generation????

 

Very sad indeed!!!