PapaSoh joins the fray!!

Yo guys!! Din know have this "underground network" till Merv posted in the new FB page.

Just short intro, for me I am too a more mid-long term investor. Got into stock intially based on hear-say "kangtaos" from my bosses who know and always meet up with those CEOs of listed companies. Well, I have learnt a hard lesson that hearsay is basically=bullshit!!! However, its also good that I have met a few of these CEOs and/or venture capitalists and get to know them and their personality and character. This has certainly widened my view of how these rich people work and their way of doing things.

For the US mkt, lessons have also been learnt. Initially went in when Lehmans crashed as i applied the theory of when people sell, u buy. It was correct and I bought AIG, Diamond offshore and Goldman Sachs. THEN, due to cash flow reasons, I realised my paper losses!! I was left to rue that decision as looking at the stock prices now, I have lost out big big time had I held on to them....but still its a lesson learnt...very painful though. To illustrate, I bought Goldman Sach at around USD$110 a piece, now its trading at USD $167 a piece....:((((((

As I do not have much cash, I personally feel that its not worth it to speculate and buy and sell many times cos end up the profit will be negligible after all the brokerage and related charges. Thus I look more to the mid-long term scope of the company. I am just beginning to learn how to read all the complex reports and have frankly not applied it to all my holdings. So far they are doing ok as far as profits are concerned. So at least my "tikam" works ofr the time being....haha...

Moving on, once i have mastered and leveled up my proficiency in reading the reports, i will adjust my holdings accordingly.

Portfolio :(Bought $$$ ; Last Traded $$$)

SGX (SGD)-

1.) China Environment ($0.295 ; $0.24)

2.) Genting SG ($1.53 ; $2.14)

3.) Genting SG ($2.08 : $2.14)

4.) Sun East ($0.02 ; $0.02)

5.) Ecowise ($0.19 ; $0.13 **however I have realised the losses of ard $500 at $0.145 already**) have sinced earned back the losses from Holdings no.2(genting)

US (USD)-

1.) Goldman Sachs ($148.50 ; $167.71)


Thats all folks....till the next update.....
thoughts today: Genting went down 6% today from $2.28 yesterday to $2.14 as of lunch time...:((( substantial losses of earnings!!!