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9/09/2011

Big time rollers

Below is a list of the bets we have placed over the years. This list is, my guess, only a small portion of the total bets we have placed everywhere. It only shows how much money we have to play. I only wish they could let me have $50m to bet on their behalf. I don’t think I can do any worst.

Micropolis $630m
Suzhou Industrial Park $150m
Thai Danu Bank $500m
Dao Heng Bank $1.83b
Virgin Mobile US$700m
Pacific Internet Amount not available. Share price dropped from US$90 to US$2.97 in 2000
Air New Zealand $100m
Shin Corp US$3.8b
ABC Learning $400m
Barclay Bank US$4.5b
Merrill Lynch US$5b
Bank America US$4.6b
Macquarie Telecom Bought 15m shares at $3/share and sold 14m shares at 18c/share.
UBS US$10b
Stuyvesant Town US$575m
Citigroup US6.9b

15 comments:

so1trg said...

I just need $5million. Too much money also very hard to manage.

So much wealth wasted / vaporished over the years. How to account to the 3.5million Singaporeans? We should take the ruling incumbents to task Election after Election until someone spills the beans.

I understand in investment that its not the small wins that matter but the big wins. Your R-multiple. And making sure that you only make small loses. Obviously our highly paid, super IQ, extremely smart hired investment managers are not so savy. Why are we keeping them then?

Chua Chin Leng aka redbean said...

The modus operandi of Wall Street big time gambler is to gamble big time. They have nothing to lose, only OPM. And they are collecting a big paycheck, win or lose.

If luck is with them, they will hit a jackpot once in a while and it will be big payout.

I am sure I can do better, without the big check. Just a return on the profits.

Investor said...

Show it us you can do better redbean over a two year period and I will put 1 miliion for a start with you. Serious. No hindsight talk. You can start by recommending some trades here with stops included because nobody likes to trade without stops.

Chua Chin Leng aka redbean said...

Hi investor, welcome to the blog. I will definitely do no worst than the big boys who can claim a 30 year long term time frame to sleep on their bad investments.

Seriously, if you have read my postings on the stock market, you will realise that it is a very different ball game today. The days of investing long term on value is not working anymore. With programme trading and high speed computers, these big boys are trading against everyone, to win by being faster or checking all the buys and sells and played against them. Not fundamentals!

Playing in the market requires a different strategy, a bit of fundamentals for protection and a bit contrarion.

The big picture is highly dangerous at this point in time and one should not be overly exposed. Some may see high risk and high return. I would not recommend risking more than 20%.

The blue chips like banks are still good buy but got to be patient. Never chase. Buy on a good dip. You need to have bullets for 3 buys as it goes down. If reading is good, and no rush, probably two buys should see the market recovering from it sell down.

This is only good if the world financial system does not collapse.

Anonymous said...

Investing on long term lets you ride out the short term volitility. Also, big boys hit in big amounts so I can understand they cant be hitting big on short term.

I myself dont have a long term time frame. So it will be good if you can make good use of your blog to initiate some short term trades, with stops, on stocks or indices.

Anonymous said...

It appears to these so called Singapore talents that it is OK to play, gamble, speculate and lose other people's money , sorry I mean Singaporeans ' money so long as they are in power and with no one to check and question them. How outrageous? No wonder the workers' CPF is held to ransome.

SG

Chua Chin Leng aka redbean said...

I tried to do some recommendations in redbeanforum.com in the past. But with programme trading coming into the market, it is hazardous to do so.

If you are trading in the market regularly, you will notice that most of the time when you sold a stock, the price would immediately move up and vice versa. That is the situation when robocops or machines are trading against the small investors.

I still do make a daily round up in redbeanforum.com daily on the trends of the market.

Chua Chin Leng aka redbean said...

Don't worry SG. Tony will be watching with his expertise and experience in fund management.

Anonymous said...

When they lost hundreds of billions of dollars of the people's money they claim they are investing for long term for over a period of ten to fifty years. Who do they think they are trying to bluff? The sixty per cent daft Singaporeans, may be. What Singaporeans cannot stand is that in spite of their catastrophic failure they still reward themselves with high insane salaries. It's really a great shame. May be it is the fault of the daft gullible Singaporeans who tend to be easily conned by them in each and every General Election.


SG

Anonymous said...

When they lost hundreds of billions of dollars of the people's money they claim they are investing for long term for over a period of ten to fifty years. Who do they think they are trying to bluff? The sixty per cent daft Singaporeans, may be. What Singaporeans cannot stand is that in spite of their catastrophic failure they still reward themselves with high insane salaries. It's really a great shame. May be it is the fault of the daft gullible Singaporeans who tend to be easily conned by them in each and every General Election.


SG

Anonymous said...

When one get paid for gambling on others' monies, irrespective of making profit or losing capital, why not gamble big time? After all, the 'investors' must have agreed or be willing to go with the bets; right? Or at least in this type of gambling You are alluding to, the gamblers are immuned and exempted from liability for any losses nor matter how huge they were and could be. And there is no need to talk about conscience in such businesses (investments). Correct?

patriot

Anonymous said...

Wonderful RedBean, did your list include that disk factory? I still remember no one take out the right issue and in the end the government has to take it out all and now it has been sold to a middle east country.

Gintai_昇泰 said...

"Did you miss out Laguna Bank in Indonesia and the 3 teleco companies in Indonesia ! I forgotten telco companies names." Someone gave this feedback when I emailed this article to all my frens! It seems that your list is incomplete. There are many more! Really langgar!

Chua Chin Leng aka redbean said...

I received the list through the email. It is definitely not exhaustive and many more great deals could be added on.

One thing for sure, the fund managers are doing an excellent job to be able to remain profitable after chalking up all the huge losses. Try to imagine losing like $100b and turnaround, recovering that $100b and make another few billions. It is a remarkable achievement by any standard, if true.

A feat worthy of being listed in the Guinness book of records.

Anonymous said...

Pls do not forget those who are cheated of their investment in Lehman product. The losses are just as huge. Innocent investors believe that these are safe producr with names of Temasek, DBS, Spore Telecom being used by the big boys Morgan Stanley to lure investors to put their money. MAS endorsed them