I am pleased to invite you to join my privileged list of .....
Another sorhai!!! Another bodek fan of Samgoss!!! Another Egoistic Fool!!! Hahahaha..
KC, before we start the joy ride, just to clarify that i am who i am, so don't accuse me hoh, i don't represent any other famous or infamous bloggers... hahahaha.
I think you dare not post my comments in your blog, so might as well I share it here and add some more lines:
Since you don't understand TA, so no point to talk about volume on TA terms. Let's talk volume on FA terms.. since when Buffett mentioned he needs to consider volume when selecting stocks, no right? Then how come Samgoss 's FA formula mixed with volume? Can answer me or not? Hahahaha.. you have no idea about value investing, so don't pretend to be one. FA is to find stocks with intrinsic value, you find one, you buy.. no need Volume to time your entry. Correct or not? Hahahaha. so, my free advice to you, "Read More Few Years Book Lah".. 读多几年书啦！ or you can keep licking samgoss's boots, very shiney already.
KC wrote:
Tuesday, January 20, 2009
Samgoss on Price & Volume
Max says: Sam is not a pure FA guy. He uses the most basic TA tool - price and volume quite well. Whereas you started off as a real hardcore FA guy - remember when you first started blogging around the time I started F Trader?
Sam says: Oppp!! wait wait ! Sam is not a pure FA guy, sam is using TA tool – price n volume quite well? This one I think u r wrong! U r absolutely wrong!
First, let talk about price, well. Of course price is d main concern b4 I jump in to buy certain stock, u can’t expect me to buy KNM @ 1.75 (PE >20 ), Parkson @ 8.00 ( PE >25 ) ! Do u ? How can a sense FA investor not concern about price? If d price is far too high, obviously its PE would be high also! Not that? Come on…max come on ^V^
Second , talk about volume , once again , it is also simple common sense ^V^ u don’t need to be scientist to know rain is coming if u see thunder in sky, same goes to stock mkt, if u see vol picking up, obviously it must be something on , not necessary she will goes up it may come down also, 4 example “ Iris N KNM , they were traded with huge vol @ 0.12 n @ 1.08 two months ago ! How now? Up or down? See? Volume coming doesn’t mean buy! It can be sell also! D key success here is FA! So how? .still think that vol stand 4 TA tool? Come on max..Come on!
Not convince enuf ? k..give u another example, Seng 's favourite stock Gpacket !
When seng called to buy gpacket @ 4.50 last year , it was traded with huge volume ! if based on TA method, it is a sign of buy , right ? but if u based on FA method, it is definitely a sell ! cos @ 4.50, Gpacket was traded @ PE around 30+- ! only fool will buy at this price !
Well, let take another look at Gpacket @ 0.63 in Nov 2008 , it was hanging around @ 0.63+- with very tiny volume, once again..if based on volume , TA will tell u not to buy..but how come it shot up to as high as 1.20 !? y ?
See ? volume only tell u something is "ON" ! it doesnt tell u "Up' or "down" ! if u see a stock selling u @ PE < 10 ( esp blue chips like Sime ) with huge volume , u stand a very high chance of gaining profit in short term !
Max, is my reasoning acceptable to u ? believe or not , I hv never use any TA for my stock picking since day one !
Sam says: Oppp!! wait wait ! Sam is not a pure FA guy, sam is using TA tool – price n volume quite well? This one I think u r wrong! U r absolutely wrong!
First, let talk about price, well. Of course price is d main concern b4 I jump in to buy certain stock, u can’t expect me to buy KNM @ 1.75 (PE >20 ), Parkson @ 8.00 ( PE >25 ) ! Do u ? How can a sense FA investor not concern about price? If d price is far too high, obviously its PE would be high also! Not that? Come on…max come on ^V^
Second , talk about volume , once again , it is also simple common sense ^V^ u don’t need to be scientist to know rain is coming if u see thunder in sky, same goes to stock mkt, if u see vol picking up, obviously it must be something on , not necessary she will goes up it may come down also, 4 example “ Iris N KNM , they were traded with huge vol @ 0.12 n @ 1.08 two months ago ! How now? Up or down? See? Volume coming doesn’t mean buy! It can be sell also! D key success here is FA! So how? .still think that vol stand 4 TA tool? Come on max..Come on!
Not convince enuf ? k..give u another example, Seng 's favourite stock Gpacket !
When seng called to buy gpacket @ 4.50 last year , it was traded with huge volume ! if based on TA method, it is a sign of buy , right ? but if u based on FA method, it is definitely a sell ! cos @ 4.50, Gpacket was traded @ PE around 30+- ! only fool will buy at this price !
Well, let take another look at Gpacket @ 0.63 in Nov 2008 , it was hanging around @ 0.63+- with very tiny volume, once again..if based on volume , TA will tell u not to buy..but how come it shot up to as high as 1.20 !? y ?
See ? volume only tell u something is "ON" ! it doesnt tell u "Up' or "down" ! if u see a stock selling u @ PE < 10 ( esp blue chips like Sime ) with huge volume , u stand a very high chance of gaining profit in short term !
Max, is my reasoning acceptable to u ? believe or not , I hv never use any TA for my stock picking since day one !
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