Someone asked him ... "When will you sell your Kep Corp?"
He will definitely sell those positions that are supposed to be sold; but he didn't like the idea of cutting losses to add more cash to his growing War Chest.
His idea about cash may not be commonly understood by some retail investors.
Why cheer yourself over a bigger war chest when you are already struggling with lack of buying ideas?
Can we ever recover by cutting losses into cold hard cash by locking in negative return?
Remember, the stock market is unpredictable. Salted fishes can come back alive. It not just happen; but it keeps happening many times!
There will be right time at your own time to cut losses and switch horses as we don't need to win back the same way as we have lost them.
Now, look at the chart. You can suggest or hint to him when is the right price to sell all?
NTA (Net Tangible Asset) at 31 Mar 15 is $5.92
Total dividends received for FY 14 is $0.12 + $0.36 = $0.48
CW,
ReplyDeleteThis post is definitely not for newbies.
It's for those who have reached tertiary level in investing ;)
When were were at kindergarten level (when we were a blank piece of paper), it's easier to teach 1+1 = 2
Need to wait till tertiary level before we can introduce concepts like 1+1 = 1. 1+1 = 3, 1+1 = legion, etc...
LOL!
Quite often, we may hear child asking questions even professors can't answer. :-)
DeleteSupport you again!
ReplyDeletehttp://i.imgur.com/HKxsIV4.jpg