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epic journey for the boss. from selling slowly to being hit with margin calls and the latest announcement of placement transfer may reduce # of margin accounts but the risk of margin calls is still there. Its just moving shares from one margin account to another margin account.
meh, i dont believe the margin call bs. The big boss is cash rish since he already sold more than half of his share before the meltdown.
imo it was the 'warehouse' or remiser who kept doing the share rollover no longer able to absorb the selling pressure from the big boss anymore and decided to surrender...
its true that the boss has cashed out a lot before the margin calls. margin calls late Oct should be true as ~70% of the top30 shareholdings are pledged shares.
Lol, Tiong. Publicity stunt by MY. No idea who is that. But you are absolutely right about accumulating quietly if it is truly cheap. And when someone commented fundamentally good without sharing the basis for that justification or conviction, that's a red flag. Lol, no pun intended.
fundamental info all at QR, a true investor can judge fundamental of company by his own, albeit limited inner information, at least we judge with information publicly available ourselves. example of company with no fundamental, pjbumi
driven by fear of missing out and bandwagon effect, adama. and, maybe taking too much risk driven by adrenaline/dopamine aka trader's high. one sad example is hhc - being wiped off by the market after 3 consecutive big losses. started as a nice guy and eventually lost his way.
haha he is too arrogant to think that he is a stock god and look down at all other ppl despite he only has 5-7 years of stock market experiences. He always think everyone else is wrong but him.
The fact is he simply doesnt know what he doesnt know. Arrogant ppl like him has no place in the market and eventually wipe out sooner or later.
its a sad ending. he became vendetta after maxim's loss. those targeted by him are still in the market while he has been wiped off. that speaks a lot about his wrong understanding of value investing and too much risk taking.