A fellow blogger and Yi aficionado in a recent reply to a reader indicated his surprise that the rich owners had been unable to turn around Transmile Group, a former KLCI component company. I had planned to write something about this matter which relates to his previous two accurate Yi divinations on the investment, my interpretations of the prognostications, and the results arising there from. Instead of writing a long comment at his blog, I will share some thoughts here with fellow Yi students.
It pays to remember what the Yi taught us, and learn how to discern between the good and the bad hexagrams. Perchance we may also learn the true meaning of the Chinese adage that ‘Man cannot win heaven’.
In early 2007, Transmile Group, which provides air cargo freight services, and a component company of the KLCI, was a high flyer.
Its shares soared manifold reaching a record high of RM 15.20 per share after its founder and CEO had sold a block of shares to the richest Malaysian, Tan Sri Robert Kuok who operates from Hong Kong and who has vast business interests in China.
Together with POS Malaysia as another major shareholder, it seems that Transmile got everything in its favor, with profits increasing each year. However its stock price tumbled more than 50 %, when it was found that the accounts contained substantial fictitious assets.
After a huge write-off and with the exit of the CEO, new management set about to turn around the company in the second half of 2007. After the Transmile shares had plunged 80% from its record high, the Yi aficionado bought some at around RM 3.36 with the hope that the company could be turned around. Later he decided to ask the Yi about the stock and posted the prognostication - Hexagram 18 Gu / Work on what has been spoiled.
When he seemed not to understand the implications of the Yi prognostication, I hinted that Transmile could fall to RM 2.20 or lower and told him why.
When Transmile’s shares fell to that level, I requested him to ask the Yi again since he intended to hold on to the investment. This time the Yi replied with a far more severe forewarning; in the form of Hexagram 29 Kan / The Abysmal.
Instead of commenting at his blog, I wrote an entry on February 19, 2008 on how to interpret the prognostication. With a suggestion that he or other investors like him who obtained such a prognostication to cut their losses.
While the company has not been suspended or de-listed as suggested, its share price did dive to a year low of RM 0.48 which equated to four limit downs from RM 2.20. (Pity those who had bought the shares at the peak of RM 15.20 and hanging on in the hopes of a full recovery.)
This shows that whenever the Yi speaks, students have to ponder and listen to what the Book of Changes has to say. And learn how to interpret the prognostications.
It would help if we are experienced enough to discern which are the good and the bad hexagrams for investments.
Only then we may have a chance to alter an ominous omen. But few including those who have charismatic lives can really do that. No matter how rich or ingenious they are.
If not how can Yi students and aficionados ever learn to master fate?
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