| Author | Post |
|---|
Moolah
Forum Whacko
| Joined: | Sun Jul 9th, 2006 |
| Location: | Moo Moo Land |
| Posts: | 12813 |
| Status: |
Offline
|
| Mana: |   |
|
Posting #51: Wed Oct 24th, 2007 10:49 |
|
- By the way if u read my view , I advocate a sell despite having some exposure
It does not matter what you advocate.
So now you admit you have SDrive is it?
truly classical.
Leopards never do lose their spots!
____________________
|
stockraider1
Forum Novice
| Joined: | Tue May 15th, 2007 |
| Location: | |
| Posts: | 525 |
| Status: |
Offline
|
| Mana: |  |
|
Posting #52: Wed Oct 24th, 2007 10:53 |
|
| Whats wrong with having some SD (bought cheap cheap long time ago)now being merge to become a giant ?
|
Moolah
Forum Whacko
| Joined: | Sun Jul 9th, 2006 |
| Location: | Moo Moo Land |
| Posts: | 12813 |
| Status: |
Offline
|
| Mana: | |
|
Posting #53: Wed Oct 24th, 2007 11:00 |
|
Nah there's NOTHING wrong with owning it.
Did i say it was wrong to own it?
Would I even dare say it's wrong?
____________________
|
random
Forum Addict
| Joined: | Tue Jun 19th, 2007 |
| Location: | |
| Posts: | 508 |
| Status: |
Offline
|
| Mana: | |
|
Posting #54: Wed Oct 24th, 2007 11:12 |
|
Boys, boys.. not in front of the kids... 
|
stockraider1
Forum Novice
| Joined: | Tue May 15th, 2007 |
| Location: | |
| Posts: | 525 |
| Status: |
Offline
|
| Mana: | |
|
Posting #55: Wed Oct 24th, 2007 11:46 |
|
| What is the meaning admit having SD and 'leopard and spot...spots' ?
|
Moolah
Forum Whacko
| Joined: | Sun Jul 9th, 2006 |
| Location: | Moo Moo Land |
| Posts: | 12813 |
| Status: |
Offline
|
| Mana: | |
|
Posting #56: Wed Oct 24th, 2007 13:17 |
|
ooops....I am so sorry Auntie Random!
____________________
|
stockraider1
Forum Novice
| Joined: | Tue May 15th, 2007 |
| Location: | |
| Posts: | 525 |
| Status: |
Offline
|
| Mana: | |
|
Posting #57: Wed Oct 24th, 2007 16:50 |
|
Moolah,
1)We may have different investment techniques,sometime the approach can be conflicting or contrary to your approach.
2)No need to get so uptight when it differs, it is better we have different opinion, thats the way to learn, can u imagine if everyone is a yes man and having the same opinion.
3)In addition it is alright we disagree with each other,just state your view and opinion and let us rationally argued or discuss it thru inorder to uncovered the various merits and demerits.
4)In investment there are many ways to skin a cat, some of the strategy may work some,so may not !.
5)So if the technique or investment idea cannot be successful few months ago, it does not meant it could not be successful today.Lets be open and review thru.
6)End of the day it is not what we says but the technique we consistently applied successfully that help us to make money.
7)Different people will have different modus operandi, based on their various background,upbringing,training and education will have different investment system.
It is important that they may feel comfortable to apply those ideas consistently.It is nice they can share with us their ideas.
Enclosed herewith my views,I hope that helps to clear some of misconceptions and any perceived sensitivities.
By the ways when sometime i throw in a challenge what i m doing is actually creating a live case study so that we can have critical discussion.
|
Moolah
Forum Whacko
| Joined: | Sun Jul 9th, 2006 |
| Location: | Moo Moo Land |
| Posts: | 12813 |
| Status: |
Offline
|
| Mana: | |
|
Posting #58: Thu Oct 25th, 2007 01:38 |
|
My very dearest Stockraider1,
Obviously you have failed to realise to understand that we do understand that you are a staunch contrarian.
However, do not despair and do not go changing cos we love you just the way you are!
____________________
|
Moolah
Forum Whacko
| Joined: | Sun Jul 9th, 2006 |
| Location: | Moo Moo Land |
| Posts: | 12813 |
| Status: |
Offline
|
| Mana: | |
|
Posting #59: Thu Oct 25th, 2007 02:33 |
|
Sticking back to the issue of contrarian investing and let's examine again what a staunch contrarian such as stockraider believed in.
So here is a long summary to make it short. 
As declared by stockraider1,
Contrarian investment will work if u combine your investment with strong financial analysis, businesslike approach with patient in your investment strategy.
Rationale;
1)Contrarian only when there is a basis such as mkt panic or temporary setback or neglected stocks upon investigation to its merits.
2)Financial analysis and business analysis inorder to confirm your hypothesis of mkt misprice the stock
3)Allow time for your hypothesis to work normal recommended time 3 yrs.
4)Monitor the stocks based on underlying business and only sell when wrong analysis or underlying business deteriorates or when it reach the 3 year holding
Which i had declared that there is no difference between that from the very basis of investing since the very basis of investing is that one should use the businesslike approach for our investment apporach.
Does the word contrarian makes it so special?
And obviously a stauch and stubborn believer in 'contrarian' investing would strongly disagree.
Diff: Contrarian investment u are going for;
1)Bargain hunting during Mkt panic where normal investment will wait and see
2)Going for temporary setback beaten down stock where normal investor will run or wait and see
3)Going for neglected and inactive value stocks where normal investor will avoid
And here is where I find it strange as usual. Is it an egoistic thingee. Does 'contrarian' investing belongs to elite special? I do wonder.
Let's examine the points mentioned.
1) Bargain hunting during a market panic. So seriously, when then should an investor invest? Why does most of the time does the investor adopt the wait and see approach? Surely, there is a reason for it right? And isn't the reason the investor waiting for a bargain price? Or is one suggesting that only 'contrarin' investor bargain hunters?
2) Going for stock having a temproray setback. If the business fundamental remains and the investor believes that the setback is only temproary, surely an investor who is prudent and rational would have invested in the stock.
3) And this is the very same for neglected and inactive value stocks. Let's flip it the other way around, at the end of the day, which neglected stocks and which inactive stocks should the 'contrarian' investor buy? To ensure success, I wonder if the 'contrarian' investor would require normal financial anlaysis and businesslike approach to determine which neglected and inactive value stock to buy?
So tell me since obviously i could be wrong but seriously is there any difference?
Why the desire to have it coined as contrarian?
Well again it was argued that..
All investment must combine with financial and businesslike analysis-I agreed
But contrarian need more conviction bcos he is going agst the trend hence his investigation, verifications and analysis must be able to convince him that rationally he is right and mkt had really misprice b4 he act agst it.
This applies to panic selling,temporary setback and neglected he has to convince mkt is wrong in its pricing.
Which again I find it rather so amusing.
More conviction?
Is one suggesting that normal investing requires no conviction?
Seriously, the only conviction that any investor require is that they need to ensure that their investing reasoning is logical and rational.
So again... i ask... 'contrarian' investing?
This applies to panic selling,temporary setback and neglected he has to convince mkt is wrong in its pricing.
And so during a setback or a stock is neglected and the market prices it wrongly, so i do wonder again, what is most important?
Should an investor buy for the sake of acting against the market or should the investor buy because it simply make sense?
Or perhaps I got my definition or the translation of the word CONVICTION wrongly.
'Conviction means no hesitation' this means after thru analysis of the stocks we decided to act. Issue like like normal timing hesitation, like tomorrow dow jones going to drop 300 pts,Usd going down,tomorrow US going to boom IRAQ,subprime fallout not finish yet normally is already factored in the equation to act !
Sometime we suffered from right analysis but wrong in action bcos there are so many noises in the mkt we failed or hesitated to act decisively.
I seriously wonder.
Assuming after one had reasoned out that a stock is worth an investment, I do wonder what a normal investor would do.
I mean, is one suggesting that normal investors cannot act upon their reasoning?
Kinda an insult, yes?
Anyway, investing is investing is investing.
Right?
Or perhaps I simply got it all wrong again.
So why is 'contrarian' investing so special that it stands out from 'normal' investing?
And this is where i get so confuse. Perhaps it's simply egoistic.
Or perhaps it allows the 'contrarian' investor does allow the investor to make some 'contrarian' speculation in cases like Talam?
See I see no wrong in anyone making bets in the market. However, a bet is a bet is a bet, isn't it? Or am I utterly wrong again?
So come on... 'contrarian' speculation? Does it make the bet any smarter?
____________________
|
random
Forum Addict
| Joined: | Tue Jun 19th, 2007 |
| Location: | |
| Posts: | 508 |
| Status: |
Offline
|
| Mana: | |
|
Posting #60: Thu Oct 25th, 2007 03:18 |
|
There is no need to classify everything. It is bad enough we have racial prejudice in real life, I guess there is no need to segregrate investors into classes like contrarian, regular, decaf etc etc. 
No, branding yourself a contrarian doesn't make you smarter, just like spouting Buffet quotes don't make you a genius.
|
Current time is 19:41 | Page:   1 2 3 4 5 6 7 8 9   |
|
