Let me try
to recall what happened. My memories are fading fast, maybe getting dementia
soon, how many red chips were IPOed here and how many left, yes left got two
meanings, left the market, delisted or simply disappeared, or left in the
market that you need to scratch with a changkol to find them? And how many are
left with prices that are more than 10c, how many are left with prices that are
1c or less than 1c like 0.1c or 0.2c?
Don’t get me
wrong for bringing up such memories. I know some are making good money by trading
in these micro value stocks that can double in value by moving just one bit
like from 0.1c to 0.2c. From a $1m investment it can become $2m if the stock
moves by 0.1c. This is very, very attractive, better than buying Merrill Lynch,
City Bank, Goldman Sach or SBC. If more
stocks in SGX are 0.1c, there will be more opportunities to double your money.
Another
point, when new IPO red chips are brought in, there is likely to be a new round
of euphoria and with more suckers coming in to chase up the prices. My advice,
oops, cannot advise, just my wild guess, if new IPO red chips are in play, it
may lead to a secondary play in the tired and retired micro chip stocks of
0.1c. When the attention is turned to these micro chip stocks, there will be
good opportunities for some to double their money for sure. This is the silver lining in brining in more
red chips into the market.
And for
sure, the stock market will be more vibrant with more new investors rushing in
with their money to invest in the red chips, for the long, long term. Just be
warned, investment in stocks is for the long term and one must be prepared to
hold out for 20 or 30 years and 0.1c stocks could turn into diamonds and worth
like diamonds. Oh, let me balance my
views, micro chips of 0.1c can run up to several cents, those new red chips of
several cents or dollars can also run down to 0.1c. Historically this has
proven to be possible. Must be the work of gravity I think.
Trade with
care and make a lot of money if you can. Get your savings ready to invest in
the red chips that are coming this way. Just be prepared for the long haul.
I have a
suggestion, not sure if this is good or not. All the new red chips should have
a prefit CE in front of their names, eg Spring Chicken should be listed as CE
Spring Chicken. CE is not meant to be
abbreviation for China Equity or Cum Entitlements. It is meant to be Caveat
Emptor, ie buyers beware.
7 comments:
"I am very sure they knew the risks involved and have done their homework to make sure history does not repeat itself and Singaporean investors would not be robbed once again. "
RB
So what if they not sure the risks involved?
So what if history repeat itself and Singaporean investors robbed once again?
For PAP, the more pertinent questions are:
Will the Sinkie opposition be strong, united and ready to be govt?
Can Chee Soon Juan even win against a PAP minority cnadidate in a Chinese majority SMC by election?
If no to above, what's the issue for PAP, u tell me lah, even if history repeat itself and Singaporean investors robbed once again?
In any capital , debt or equity market there are risks. Caveat Emptor is not enough. Due diligence is not enough. Shit can happen, and when it does it is buckets loads of wet, stinky shit which few can escape from.
The Central Limit Order Book (CLOB) fiasco fucked many Singaporeans because Dr. Tambi Mahathir put in his capital controls, threw his deputy in jail, and gave the finger and a "fuck you" to George Soros, Singapore and the world's financial system. Dr M as we all can agree has very BIG BALLS and fears no one. It also helped that Dr M and his government had "interests" in companies trading their stock offshore, and also "help" from other rich Malays to buy the stock back "cheap cheap" from arse-bleeding Singapore investors.
I still laugh when I think about it. I wasn't burned, because I didn't put any money into CLOB shares. Thus I was called "a fool" by many ex-friends. Ex-friends who after the shit-storm had the gall to call me up---after they got their arses handed to them---to "borrow 5k so I can pay my AMEX off"...or something of that nature.
I don't think the Chinese would do something like what Dr Mama Mahathir did. However, there are many other ways you can lose your anal-virginity in the casino-type markets.
Got "greed is good"?
In a globalized world with globalized online trading available in numerous markets around the world ... what is SGX's value proposition to investors and prospective listing companies?
The re-introduction of red chips tells me that SGX's Leedership does not understand the question ... or maybe does not know the answer.
To bring in red chips is a sign of desperation and irresponsibility.
To bring in red chips is a sign of desperation and irresponsibility.
Anon 1:54 pm
If that is so, not to do it is even worse.
It is a choice between the lesser of 2 evils.
Isn't 50 years of delusion enough proof there is no cure for stupidity?
Oh Rome, Oh Rome, when will thy days of ruin cometh?
>>Oh Rome, Oh Rome, when will thy days of ruin cometh?<<
When Caligula fucks his sister and Nero takes violin lessons.😂
Let the casino begin lah. The market will always prove the truism:
"Those with the experience get the money. Those with the money get the experience"
Got online brokerage account?🚾 Huat Ah!
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