Wednesday, February 21, 2007


20070221 There are gems out there, if you look hard enough. Insas Bhd, had a big cash pile and marketable securities, which the reports on Feb 16, reported as RM0.58 per share value in the balance sheet. This cash pile did not materialise overnight by magic. For the astute investor/trader, they would have recognised this one, two or even three years back and could have accumulated a "value investing" position and be well positioned for this current bull market. Insas Bhd was trading between 0.22 and 0.40 in 2006, but yet no one had the foresight to take positions in this stock. As of today it closed at RM0.985. As my friend puts it, "You would be on the air-cond bus and be sitting pretty." There would be no headaches or pressure to get in on the bull market at high prices right now.

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"There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time."J Livermore Manchester City FCl Crude Palm Oil

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From Dragons and Bulls by Stanley Kroll
Introduction and Foreword
The Importance of an Investment Strategy
5 The Art of War, by Sun Tau (circa 506 BC) and The Art of Trading Success (circa AD 1994)
That's the way you want to bet
Long-term v Short term trading
Technicals v Fundamentals
Perception v Reality
Part 1: Winners and Losers
Part 2: Winners and Losers
Sun Tzu: The Art of War
Those who tell don't know, those who know don't tell
Why there is no such thing as a "bad market"
The Secret to Trading Success
The Experts, do they know better?
Risk control and money management
Larry Hite: The Billion Dollar fund Manager
Systems Trading:Kroll's Suggested Method
Buy the Strength Sell the Weakness
Good advice
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system