Monday, November 22, 2010

The Tradition continues...






Mobile Telcos have been misleading consumers in Malaysia for as long as the first analob mobile phones came onto the market more than a decade ago.

Yes Network so called 4G service was launched amid great fanfare last Friday.(19 Nov 2010) I got excited at the thought of getting a mobile internet service that was high speed and with low latency, one that a trader should have.... But alas, the tradition continued... I agree with this reviewer.(Yes Ar? I don't think so la) Go ahead and read the very candid assestment of this 4G service.

I got some points to add:

1 4G is nothing new, in fact it is not any new form of technology but marketing hype. I can remember years ago Izzy.net touted their iburst broadband service as 4G and the product flunked out.

2 At RM30 or thereabouts per 1Gb)noting that Yes is a 'pay as you use') service another tradition continues of Malaysian telcos selling bandwidth data at exorbitant 'highest in the world' rates.

3 I was told by a marketing rep at the lot 10 Yes showcase event, that there is no monthly commitment or contract, but then now it comes to light there is RM30 minimum spend amountt. Hopefully RM30 can carry forward indefinitely if the service is not used for that month.(YTL please confirm this) If Yes made the minimum topup RM5 or RM10 or somewhere in between, then the service would take off I think. You need to get the users aboard and once they use the service and find good quality, the $ from extra topups will roll in... I just read this blogger's post, on the misleading and deceptive' advertising perpetrated by Yes, and yes the Yes 4G is no different to any other Malaysian Telco's prepaid services. And the Tradition continues...

4 The 4G phone will be 'available' next month, which begs the question of why have the launch when the product line up is not complete...

Then the traders will live happily after and say 'Yes'...... And the YTL Power price action will tell the story... The company spent RM2.5 billion on this 'breakthrough' 4G, my guess... dive dive dive!

Check out another rave review of Yes.

20101122 The reviews on Yes network are coming in, love the power of the internet.

Isn't the internet the great consumer advocate. Check out another critique of the subject matter. Nowadays the internet is the great equalizer and when you come out with what you perceive as an outstanding revolutionary world changing product, you had better make sure it is one that is 'fit for purpose' and of 'merchantable quality'. Yes or No....?



Wow, here is a review that is positive... bear in mind this guy was at the launching.

It seems the bad reviews are from those free riders/hoggers/heavy downloaders of illegal stuff, who hog all the bandwidth of other telcos' broadband services.(the 10% of users who utilise 80% of the bandwidth) causing intermittent connection, and congestion in broadband networks eg streamyx and maxis. Traders might enjoy Yes, if the good reviews are to be believed, with 3-4 Mbps speeds, and because it is pay for what you use, those bandwidth downloader hoggers won't clog up this network.



20101124 One of the traders here signed up for Yes and got the Huffle device. I just tried it out ... On pinging the IB server in Hong Kong, the average response time was about 220 ms, compared to the office 5Mbps fixed sdsl line which gives average ping of 90ms. Speedtest on Yes connection shows 3.84 Mbps. This from the 8th floor of the office in CBD KL. Slight difference ie a bit slow on ping times, but since this network is 'pay as you use', those free riding downloaders won't clog up the network, it might be good for traders.

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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