In Spring 2014, Daoist celestial immortal, Wong Tai Sin gave me a poem by way of a qin when I paid a visit to his popular temple in HK. The poem turned out to be an ominous omen:
“Clouds envelop Qinling Mountain and I do not know where my home is.
The snow covers Languan Pass and the horses will go no further.”
It was the same prophetic poem given by Han Xiangzi to Han Yu, his uncle which unfolded. Han Yu was a top poet and influential Neo Confucian of Tang at the time. Han Yu was later exiled to ChaoChui by the Tang Emperor and on the way there his horses had refused to move because of a blizzard. Soon he was covered by snow and faced impending death until his nephew, Han Xiangzi appeared to rescue him.
[Read Canadian Museum of History online – Volumes 1 and 2 - to appreciate the poem and the story behind it.] Han Xiangzi is one of the famous eight Daoist immortals. (Ba Xian)
Lately, I realized why my current dire situation is about the same as Han Yu and in need of rescue.
While Han Yu had had Han Xiangzi to rescue him during the blizzard and from impending death, which divinity will come to save me from the calamity? I have prayed.
Showing posts with label ShenXian. Show all posts
Showing posts with label ShenXian. Show all posts
Tuesday, June 23, 2015
Sunday, February 10, 2013
An accurate Guan Yin Oracle (4)
In the first article on January 21, 2012 I have had mentioned that it was worthwhile for investors to interpret the following prediction in an accurate Guan Yin Oracle although I would not know when its timing will come to an end:
“Silkworms and grain will yield only half a crop, but your herds will bring you better profit.”
Since many would not have the wherewithal knowledge to decipher its cryptic message, the follow up article titled “An accurate Guan Yin Oracle (2)” on May 7, 2012 provided an interpretation (and elaboration on the particular prediction) in line with my wish to make phenomenon easy to understand and simple to follow by readers or users:
‘It is better to invest in stocks and shares rather than investing in commodities’.
With the interpretation, this second article proved very popular to readers especially among those from Singapore. Its popularity has since surged and has surpassed the previous articles on Hexagram 62 and on the Hua Hu Ching when global stock markets kept on rising in the second half of 2012.
Since stocks and commodities markets also wax and wane, a hint on the timing of their waning according to a prognostication from the Book of Changes was also given in the second article, and duly explained in the third article.
So far the interpreted prediction that ‘It is better to invest in stocks and shares rather than investing in commodities’ still holds true. Since Singaporean and global stocks have performed very well, while commodities prices have either stagnated or dropped, in 2012 up to January 2013. To date, Asian stocks have reached their eighteen months high while US stocks have climbed to their highest in five years according to Bloomberg reports.
Therefore, is it not both fascinating and profound that a single sentence in an accurate Guan Yin Oracle and similar to a line prognostication from the Book of Changes (Yijing / Yi) can tell us so much about what is going to happen in the global financial markets?
Is it not probable through extended divination experiences to determine the timing of future events – the waxing and waning of financial markets in this instance – just by analyzing a prognostication, the accompanying hexagram, and/or the attributes of its trigrams?
Continuing to improve our art of Yijing divination and the science of interpretation can bring aficionados a step closer to divine like a spirit and thereafter to assist the gods.
Readers who believed in the accuracy of a Guan Yin Oracle and in my ability to correctly interpret the prediction and have accordingly invested in stocks and shares in 2012 instead of commodities, would have increased their wealth.
With this sudden increase in wealth, it is suggested that these particular readers make a donation to their favorite charity to benefit the needy and the poor for some merits which is in line with the teachings in the Book of Changes. Those from Singapore should also make a contribution to their favorite temple of Guan Yin to help out with its maintenance for the benefit of her devotees. This would also assist the gods.
Gong Xi Fa Cai!
“Silkworms and grain will yield only half a crop, but your herds will bring you better profit.”
Since many would not have the wherewithal knowledge to decipher its cryptic message, the follow up article titled “An accurate Guan Yin Oracle (2)” on May 7, 2012 provided an interpretation (and elaboration on the particular prediction) in line with my wish to make phenomenon easy to understand and simple to follow by readers or users:
‘It is better to invest in stocks and shares rather than investing in commodities’.
With the interpretation, this second article proved very popular to readers especially among those from Singapore. Its popularity has since surged and has surpassed the previous articles on Hexagram 62 and on the Hua Hu Ching when global stock markets kept on rising in the second half of 2012.
Since stocks and commodities markets also wax and wane, a hint on the timing of their waning according to a prognostication from the Book of Changes was also given in the second article, and duly explained in the third article.
So far the interpreted prediction that ‘It is better to invest in stocks and shares rather than investing in commodities’ still holds true. Since Singaporean and global stocks have performed very well, while commodities prices have either stagnated or dropped, in 2012 up to January 2013. To date, Asian stocks have reached their eighteen months high while US stocks have climbed to their highest in five years according to Bloomberg reports.
Therefore, is it not both fascinating and profound that a single sentence in an accurate Guan Yin Oracle and similar to a line prognostication from the Book of Changes (Yijing / Yi) can tell us so much about what is going to happen in the global financial markets?
Is it not probable through extended divination experiences to determine the timing of future events – the waxing and waning of financial markets in this instance – just by analyzing a prognostication, the accompanying hexagram, and/or the attributes of its trigrams?
Continuing to improve our art of Yijing divination and the science of interpretation can bring aficionados a step closer to divine like a spirit and thereafter to assist the gods.
Readers who believed in the accuracy of a Guan Yin Oracle and in my ability to correctly interpret the prediction and have accordingly invested in stocks and shares in 2012 instead of commodities, would have increased their wealth.
With this sudden increase in wealth, it is suggested that these particular readers make a donation to their favorite charity to benefit the needy and the poor for some merits which is in line with the teachings in the Book of Changes. Those from Singapore should also make a contribution to their favorite temple of Guan Yin to help out with its maintenance for the benefit of her devotees. This would also assist the gods.
Gong Xi Fa Cai!
Monday, May 07, 2012
An accurate Guan Yin Oracle (2)
A few months have passed since the January 21, 2012 posting of the accurate Guan Yin Oracle, and now that global financial markets have stabilized with their usual ups and downs, it could be appropriate to discuss the way I have had interpreted this particular prediction:
“Silkworms and grain will yield only half a crop, but your herds will bring you better profit.”
Whether or not Yi aficionados and/or Daoist devotees can learn something from this second article related to the art of interpretation and more will be up to them.
Firstly, it is important to remember that cryptic messages including omens from Celestial sources and the Book of Changes cannot simply be revealed to others. Heaven secrets and messages on future events are meant for private consumption. Discussing the received message(s) in private with someone more knowledgeable - say, the temple assistant, - to help with an early interpretation is however perfectly alright. They usually would be disinterested in the matter at hand. After all until the outcome is known or the omen has unfolded, would they come to know about the accuracy of the message(s).
In the first entry on this oracle, I had mentioned that it could be worthwhile for investors (aka readers) to interpret the prediction.
If they have interpreted it correctly, and have invested accordingly, they could have made some handsome gains from the global stock markets (including the KLSE). Most of these markets have rallied since January 2012, although some had shorter rallies than others.
Let me reveal the interpretation before the next ‘juicy’ part, so that everyone can follow the storyline.
On August 31, 2011, several months after my retirement, I consulted (Qiu) Guan Yin on my fortune and the Oracle (Qin) received contained several relevant and important messages. Most of these messages were clarifications on why the Book of Changes gave those prognostications to me earlier on. In addition the oracle indicated:
“Silkworms and grain will yield only half a crop, but your herds will bring you better profit.”
On the surface, this cryptic message would be more relevant to farmers, is it not? Why would Guan Yin give something irrelevant to me? It must have some relevance, I had thought, and therefore pondered on this particular prediction over the next few days, similar to what I do with Yi prognostications and/or omens.
After the pondering, I realized that silkworms and grain were considered commodities during the olden days. Herds were much easier to interpret and provided a strong foundation to the lie of interpretation. For clarity, herd is a collective noun for animals, namely bulls; therefore it relates to stock market terminology.
Similar to prognostications from the Book of Changes, the interpreted prediction provides alternatives and now would read as:
Investing in commodities will yield only half a crop. Investing in stocks will bring better profit.
Take note that the term ‘yield only half a crop’ can mean 50% profit, or making losses! Therefore the prediction indicated that for profit it is definitely better to invest in stocks rather than commodities.
If we can zoom back to late August and September 2011, around the time of receiving the oracle, every investor’s eyes were on gold, then, including the author.
Gold was the mother of all rallies in commodities. Gold prices were soaring sky high. Many an investor, including moms and pops, were struck by the gold fever trying hard not to miss out on the action. It was easy to make money by buying gold futures, or by buying and hoarding gold bullion, coins and jewelry. Gold prices seemed to go up forever and not come down. Analysts and fund managers across the globe fueled the speculation with more promising and ever higher target prices in their reports on gold. (Note: Beware that the analysts and fund managers always seemed to know more than the gods – ShenXian!)
Armed with the interpretation of Guan Yin’s prediction I decided not to touch gold or other commodities at all. This is the type of protection I had mentioned in the first article.
Sure enough, in the first couple of weeks in September 2011, gold soared to USD 1920 an ounce. It then promptly recorded its biggest plunge in monetary terms, a drop of 300 plus dollars, within a day or two. What happened was that investors had stampeded to rush out of gold with the plunge further exacerbated by lots of deleveraging and margin calls in gold futures. Probably many gold investors got badly burnt when the huge plunge took place. Prices of other commodities also fell on cue.
To date, those who had bought gold at or near its September 2011 highs are still nursing their wounds from realized or unrealized losses with prices stabilizing in between the USD 1,600 and USD 1,700 levels.
In line with the interpreted Guan Yin Oracle’s prediction, I had started to invest in the stagnated Stock Market late 2011 buying on dips and accumulated more stocks in the months of January and February 2012. Disposing of them for profit during the expected rally; and in line with the timing from a prognostication from the Book of Changes reduced stockholdings to a very manageable level, just before the rally ended. Share prices have fallen quite a bit since. And the rest as they say is history.
If oracles from divinities or the Book of Changes are accurate and we cannot correctly interpret them, we could be at the losing end. For example, we could have invested in commodities such as gold instead of stocks.
Never over rely on the interpretations of incompetents; otherwise you may have cause for regrets. Without realizing it, you could suddenly find yourself facing impending disaster(s), financial or otherwise, as a more severe example. You may find out later that the Book of Changes has already warned you about the forthcoming disaster(s).
In the study of profound subjects like the Book of Changes and Tao, avoiding the company of incompetents and sycophants could prove fruitful to students. These particular types of people have neither the talent nor virtue.
A pointed question put to Yi aficionados especially those with decades of study and practice:
If divinities and/or the Book of Changes want to help us to meet everything in the right way and yet we choose to ignore this divine help through ignorance or indolence, how can we ever achieve the ability to assist the gods?
As indicated earlier on, what each Yi aficionado and/or Daoist devotee can learn from this discussion on the interpretation of oracles and/or prognostications will be up to them.
Cheerio!
“Silkworms and grain will yield only half a crop, but your herds will bring you better profit.”
Whether or not Yi aficionados and/or Daoist devotees can learn something from this second article related to the art of interpretation and more will be up to them.
Firstly, it is important to remember that cryptic messages including omens from Celestial sources and the Book of Changes cannot simply be revealed to others. Heaven secrets and messages on future events are meant for private consumption. Discussing the received message(s) in private with someone more knowledgeable - say, the temple assistant, - to help with an early interpretation is however perfectly alright. They usually would be disinterested in the matter at hand. After all until the outcome is known or the omen has unfolded, would they come to know about the accuracy of the message(s).
In the first entry on this oracle, I had mentioned that it could be worthwhile for investors (aka readers) to interpret the prediction.
If they have interpreted it correctly, and have invested accordingly, they could have made some handsome gains from the global stock markets (including the KLSE). Most of these markets have rallied since January 2012, although some had shorter rallies than others.
Let me reveal the interpretation before the next ‘juicy’ part, so that everyone can follow the storyline.
On August 31, 2011, several months after my retirement, I consulted (Qiu) Guan Yin on my fortune and the Oracle (Qin) received contained several relevant and important messages. Most of these messages were clarifications on why the Book of Changes gave those prognostications to me earlier on. In addition the oracle indicated:
“Silkworms and grain will yield only half a crop, but your herds will bring you better profit.”
On the surface, this cryptic message would be more relevant to farmers, is it not? Why would Guan Yin give something irrelevant to me? It must have some relevance, I had thought, and therefore pondered on this particular prediction over the next few days, similar to what I do with Yi prognostications and/or omens.
After the pondering, I realized that silkworms and grain were considered commodities during the olden days. Herds were much easier to interpret and provided a strong foundation to the lie of interpretation. For clarity, herd is a collective noun for animals, namely bulls; therefore it relates to stock market terminology.
Similar to prognostications from the Book of Changes, the interpreted prediction provides alternatives and now would read as:
Investing in commodities will yield only half a crop. Investing in stocks will bring better profit.
Take note that the term ‘yield only half a crop’ can mean 50% profit, or making losses! Therefore the prediction indicated that for profit it is definitely better to invest in stocks rather than commodities.
If we can zoom back to late August and September 2011, around the time of receiving the oracle, every investor’s eyes were on gold, then, including the author.
Gold was the mother of all rallies in commodities. Gold prices were soaring sky high. Many an investor, including moms and pops, were struck by the gold fever trying hard not to miss out on the action. It was easy to make money by buying gold futures, or by buying and hoarding gold bullion, coins and jewelry. Gold prices seemed to go up forever and not come down. Analysts and fund managers across the globe fueled the speculation with more promising and ever higher target prices in their reports on gold. (Note: Beware that the analysts and fund managers always seemed to know more than the gods – ShenXian!)
Armed with the interpretation of Guan Yin’s prediction I decided not to touch gold or other commodities at all. This is the type of protection I had mentioned in the first article.
Sure enough, in the first couple of weeks in September 2011, gold soared to USD 1920 an ounce. It then promptly recorded its biggest plunge in monetary terms, a drop of 300 plus dollars, within a day or two. What happened was that investors had stampeded to rush out of gold with the plunge further exacerbated by lots of deleveraging and margin calls in gold futures. Probably many gold investors got badly burnt when the huge plunge took place. Prices of other commodities also fell on cue.
To date, those who had bought gold at or near its September 2011 highs are still nursing their wounds from realized or unrealized losses with prices stabilizing in between the USD 1,600 and USD 1,700 levels.
In line with the interpreted Guan Yin Oracle’s prediction, I had started to invest in the stagnated Stock Market late 2011 buying on dips and accumulated more stocks in the months of January and February 2012. Disposing of them for profit during the expected rally; and in line with the timing from a prognostication from the Book of Changes reduced stockholdings to a very manageable level, just before the rally ended. Share prices have fallen quite a bit since. And the rest as they say is history.
If oracles from divinities or the Book of Changes are accurate and we cannot correctly interpret them, we could be at the losing end. For example, we could have invested in commodities such as gold instead of stocks.
Never over rely on the interpretations of incompetents; otherwise you may have cause for regrets. Without realizing it, you could suddenly find yourself facing impending disaster(s), financial or otherwise, as a more severe example. You may find out later that the Book of Changes has already warned you about the forthcoming disaster(s).
In the study of profound subjects like the Book of Changes and Tao, avoiding the company of incompetents and sycophants could prove fruitful to students. These particular types of people have neither the talent nor virtue.
A pointed question put to Yi aficionados especially those with decades of study and practice:
If divinities and/or the Book of Changes want to help us to meet everything in the right way and yet we choose to ignore this divine help through ignorance or indolence, how can we ever achieve the ability to assist the gods?
As indicated earlier on, what each Yi aficionado and/or Daoist devotee can learn from this discussion on the interpretation of oracles and/or prognostications will be up to them.
Cheerio!
Saturday, January 21, 2012
An accurate Guan Yin Oracle
On a short holiday outstation about five months ago, I paid a visit to a Guan Yin (Avalokitesvara or Goddess of Mercy) temple. A relative had mentioned that this particular temple’s oracles are accurate.
It has been almost three decades since I last consulted a Guan Yin oracle, therefore I had to seek guidance from one of the temple assistants on how to go about it (qiu qian) the correct way. Having been told what to do and making a required donation to the temple maintenance in exchange for a big candle to be lit at the main entrance altar, I proceeded to consult for a Guan Yin oracle (qian).
After obtaining the oracle and pondering on what were indicated therein, it seems that Guan Yin has clarified the reasons why the Book of Changes (I Ching or Yijing) gave me the four previous prognostications.
Further to that, just like the Yijing in protecting the student, Guan Yin indicated:
“Silkworms and grain will yield only half a crop, but your herds will bring you better profit.”
As an investor, this prediction given on August 31, 2011 turns out to be accurate. When it will end is not for me to say, since I know little about the timing of Guan Yin oracles.
If you are also an investor, perhaps it could be worth your while to interpret the prediction?
Take note that as all accurate oracles go including those of the ShenXian (Daoist deities and celestial immortals) the correct interpretation thereof is of utmost importance.
Cheerio!
It has been almost three decades since I last consulted a Guan Yin oracle, therefore I had to seek guidance from one of the temple assistants on how to go about it (qiu qian) the correct way. Having been told what to do and making a required donation to the temple maintenance in exchange for a big candle to be lit at the main entrance altar, I proceeded to consult for a Guan Yin oracle (qian).
After obtaining the oracle and pondering on what were indicated therein, it seems that Guan Yin has clarified the reasons why the Book of Changes (I Ching or Yijing) gave me the four previous prognostications.
Further to that, just like the Yijing in protecting the student, Guan Yin indicated:
“Silkworms and grain will yield only half a crop, but your herds will bring you better profit.”
As an investor, this prediction given on August 31, 2011 turns out to be accurate. When it will end is not for me to say, since I know little about the timing of Guan Yin oracles.
If you are also an investor, perhaps it could be worth your while to interpret the prediction?
Take note that as all accurate oracles go including those of the ShenXian (Daoist deities and celestial immortals) the correct interpretation thereof is of utmost importance.
Cheerio!
Sunday, December 14, 2008
‘Where angels fear to tread’
If you are feeling blue like most stock investors this year, perhaps you can find some solace with the ‘gods’, legends, and market gurus who have also been badly hurt by the financial tsunami. In a way, we can also learn something from their laments:
Headlines: ‘God of Stocks’ tells of pain
Lee Shau-kee, even after an impressive surge in the stock market yesterday, wants everyone to forget he is known as the “God of Stocks,” admitting that followers have lost money after listening to his advice.
‘One time, I received letters from investors who followed my opinions. One of them said he lost much money in stocks and asked me to compensate him for losses.’
‘That person said he was so pathetic that he borrowed money from relatives to buy stocks and had to repay them. He asked if I could lend him money.’
After an investor asked Lee about his stock picks for next year, he refused to respond.
Earlier though, the veteran investor said “bliss will come out of the depth of misfortune” for the stock market next year and he hopes it will recover soon.
[Thestandard.com.hk – Alfred Liu, Tuesday, Dec 9 2008]
Hope is eternal even for gods, much more so for mortals like us.
I still remember his two major wrong calls straddling 2007 and 2008. In May last year, he predicted the China stock market would collapse, instead it doubled. By the first half of 2008, like many other market gurus, he called a bottom and predicted that the Hang Seng index will hit 28,000 points by August. The Hang Seng went south all the way to 10,676 points by Oct 27, before it rebounded. It closed at 15,577 points on Dec 10 2008.
Mr. Lee, a HK property tycoon, has good intentions, put money where his mouth is, and a philanthropist.
Like many other veteran investors, perhaps he was blindsided by the severity of the ongoing financial tsunami.
Hear what this US legend has to say:
“The thing I didn’t do, from Day One, was properly assess the severity of the liquidity crisis. Every decision to buy anything has been wrong.” – Bill Miller, manager, Value Trust
[The Wall Street Journal/Markets Dec 10 2008]
Under Mr. Miller’s leadership, his Value Fund had been the best US performer for almost two decades. The legendary Mr. Miller called market bottoms since March this year and averaged all the way down on his picks in the US finance sector, some of which went to zero or near that. His fund lost 58% since January 2008 and currently ranked the worst performer of the US Value Funds. Apparently, some angry clients have recently called for his head.
In case, you still do not believe the ancient advice for the able to go into hiding when Heaven and Earth close, listen to what this fund manager or market guru indicated:
“There’s no place to hide,” said Eric Kuby, chief investment officer, North Star Investment Management Corp in Chicago.
“It’s clear that the economy is really soft for the next few months at least. The news will continue to be bad and everyone knows that.”
[Reuters Dec 7 2008]
With hindsight most can see clearer.
Those with prescient would have lain hidden well before the financial tsunami hit, and should count themselves lucky for not listening to the various ‘ShenXian’, legends, market gurus, and analysts who kept on calling bottoms. The rest is left to hope and fate.
Amid the deluge of gloomy news, it can be heartening to read some good news reported by CNN online a few weeks ago. That of a senior US citizen who had experienced the Great Depression and who has all his money held in cash, Certificates of Deposits, US Treasuries and bonds. He had worked as a dispatch clerk for a securities broker before the Market Crash of 1929 and ever since then has never believed in anything good about stocks. Lucky fellow!
After reading this entry, perhaps kin, good friends and regular readers can understand why since January 2007, I have discarded the baggage of giving stock tips, creating luck for others, and instead concentrated on helping readers cum stock investors to minimize their losses, after advising them to create their own luck.
In Bull Runs, almost every stock investor can make gains. Anyone can become a ‘ShenXian’ by giving good stock tips.
When it comes to Bear Markets, even the best of the best or those guided by the real ShenXian have lost fortunes. Unfortunately for most investors, 2008 turned out to be one of the greatest Bear Markets, the world has ever seen.
If you have been badly burnt in your investments, plod on. Play computer games (or the recently invented Wii) to pass time. (Thai tycoons who had lost their fortunes during the Asian Financial Crisis did that.)
Life is precious. Hope is eternal.
One day, you can recover your losses from the markets. Just do not ask me when; since it can be next year, or ten years from now. How would I know? I am just a mortal like you and not a ShenXian.
Headlines: ‘God of Stocks’ tells of pain
Lee Shau-kee, even after an impressive surge in the stock market yesterday, wants everyone to forget he is known as the “God of Stocks,” admitting that followers have lost money after listening to his advice.
‘One time, I received letters from investors who followed my opinions. One of them said he lost much money in stocks and asked me to compensate him for losses.’
‘That person said he was so pathetic that he borrowed money from relatives to buy stocks and had to repay them. He asked if I could lend him money.’
After an investor asked Lee about his stock picks for next year, he refused to respond.
Earlier though, the veteran investor said “bliss will come out of the depth of misfortune” for the stock market next year and he hopes it will recover soon.
[Thestandard.com.hk – Alfred Liu, Tuesday, Dec 9 2008]
Hope is eternal even for gods, much more so for mortals like us.
I still remember his two major wrong calls straddling 2007 and 2008. In May last year, he predicted the China stock market would collapse, instead it doubled. By the first half of 2008, like many other market gurus, he called a bottom and predicted that the Hang Seng index will hit 28,000 points by August. The Hang Seng went south all the way to 10,676 points by Oct 27, before it rebounded. It closed at 15,577 points on Dec 10 2008.
Mr. Lee, a HK property tycoon, has good intentions, put money where his mouth is, and a philanthropist.
Like many other veteran investors, perhaps he was blindsided by the severity of the ongoing financial tsunami.
Hear what this US legend has to say:
“The thing I didn’t do, from Day One, was properly assess the severity of the liquidity crisis. Every decision to buy anything has been wrong.” – Bill Miller, manager, Value Trust
[The Wall Street Journal/Markets Dec 10 2008]
Under Mr. Miller’s leadership, his Value Fund had been the best US performer for almost two decades. The legendary Mr. Miller called market bottoms since March this year and averaged all the way down on his picks in the US finance sector, some of which went to zero or near that. His fund lost 58% since January 2008 and currently ranked the worst performer of the US Value Funds. Apparently, some angry clients have recently called for his head.
In case, you still do not believe the ancient advice for the able to go into hiding when Heaven and Earth close, listen to what this fund manager or market guru indicated:
“There’s no place to hide,” said Eric Kuby, chief investment officer, North Star Investment Management Corp in Chicago.
“It’s clear that the economy is really soft for the next few months at least. The news will continue to be bad and everyone knows that.”
[Reuters Dec 7 2008]
With hindsight most can see clearer.
Those with prescient would have lain hidden well before the financial tsunami hit, and should count themselves lucky for not listening to the various ‘ShenXian’, legends, market gurus, and analysts who kept on calling bottoms. The rest is left to hope and fate.
Amid the deluge of gloomy news, it can be heartening to read some good news reported by CNN online a few weeks ago. That of a senior US citizen who had experienced the Great Depression and who has all his money held in cash, Certificates of Deposits, US Treasuries and bonds. He had worked as a dispatch clerk for a securities broker before the Market Crash of 1929 and ever since then has never believed in anything good about stocks. Lucky fellow!
After reading this entry, perhaps kin, good friends and regular readers can understand why since January 2007, I have discarded the baggage of giving stock tips, creating luck for others, and instead concentrated on helping readers cum stock investors to minimize their losses, after advising them to create their own luck.
In Bull Runs, almost every stock investor can make gains. Anyone can become a ‘ShenXian’ by giving good stock tips.
When it comes to Bear Markets, even the best of the best or those guided by the real ShenXian have lost fortunes. Unfortunately for most investors, 2008 turned out to be one of the greatest Bear Markets, the world has ever seen.
If you have been badly burnt in your investments, plod on. Play computer games (or the recently invented Wii) to pass time. (Thai tycoons who had lost their fortunes during the Asian Financial Crisis did that.)
Life is precious. Hope is eternal.
One day, you can recover your losses from the markets. Just do not ask me when; since it can be next year, or ten years from now. How would I know? I am just a mortal like you and not a ShenXian.
Monday, June 09, 2008
Asian stock markets reminisce 1997?
Quite a number of investors who held onto Asian stocks since the spring of 2007 until now could feel the same as those who had lost their life savings during the Asian Financial Crisis in 1997. In case readers do not follow the Asian and global financial news reports on a regular basis, many stocks in emerging and major Asian stock markets (inclusive of Australia) have been badly battered. Just like in 1997, these stock markets have fallen like ten pins; life savings and fortunes have been lost; owners of public quoted companies have their substantial shareholdings forced sold by margin lenders; reports of punters committing suicide because of share trading losses; and investors holding onto huge paper losses in never ending downward spirals.
Then and now, the lax or lack of regulation by Central Bankers on the loose lending practices of commercial banks and other financial institutions put paid to the Bull Runs of 1996 / 1997, and that of 2006 / 2007. The only difference is the twist.
Instead of the financial crisis starting from an emerging economy like Thailand back in 1997, it started on the other side of the world, in the most sophisticated and largest financial market, the US, ten years later. By coincidence, the stock markets started their often wild plunges in August of 1997 and that of 2007. Also by coincidence, my teacher, the Yi had given prior warnings of both decimations of stocks quoted on the Kuala Lumpur Stock Exchange.
If we go by indices, the Vietnamese stock exchange suffered the worst fall among the Asian markets. Its index has experienced a horrendous two thirds fall from its peak of 1170 points reached in March 2007, because of the change in sentiments and rampant inflation in that country. According to Yahoo Finance reports, the stock market upheavals started around October 2007 despite the communist government’s effort to keep it on track and continuing a non-stop decline since early May 2008, dealers said. The VN Index at the Ho Chi Minh Stock Exchange dropped by 5.54 points to close at 395.66 points on Wednesday, June 4, 2008.
Since October 2007 till now, while the Vietnamese stock market led the way, the Shanghai stock exchange index fell by a stomach churning 45%, Hang Seng fell 25%, and Bombay SEI fell 24% with the Singaporean, Japanese, New Zealand and Australian stock indices giving up between 17.5 to 20% of its previous markets capitalization. By comparison, the Malaysian, Taiwanese, Indonesian and South Korean stock indices fall were relatively mild – in between 12.5 % to 14%. (Remember my forewarnings in the related entries on ‘Stand not in the middle of the mountain’ and 'Missing the return' of these falls?)
In 1997, the biggest losers in terms of magnitude were those of low liners and second board counters in the KLSE. Some were hit by several limit downs effectively losing 70 to 95% of their market values within days. The only difference from spring 2007 till now is that these categories of stocks and others which had lost 70 to 95% of their market values at their peaks had almost a year to do so. Others include Centro Properties Group of Australia and Bear Stearns of the US, for example.
A bitter lesson learned from 1997 is that investors may think that stocks are cheap after a fall of 30 to 50% from their year highs. Stock prices would then slide lower after a small rebound – termed bear traps - since sentiments have changed; for the bull had already turned into a bear market. When foreign and/or local fund managers start selling down their substantial holdings for a reason or other, like those witnessed in 1997, small investors better learn not to buy unless they have boatloads of money to lose. (Think of declining stock prices of Centro Properties Group and Bear Stearns in 2007 and the first quarter of 2008.)
Goldman Sachs has recently recommended their clients to underweight or to reduce holdings of shares in several emerging Asian stock markets including that of Malaysia, for one reason or another. Looking at my Yi Chart for 2008, Goldman Sachs’ timing of the call is about right. Since their clients could move much slower than small fry.
Obviously the few readers, if any, who sold some of their stocks in the KLSE after my May 13, 2008 entry on ‘Raising cash levels’ could consider themselves lucky as the prices of quite a number of low liner stocks have fallen by 10 to 20%, if not more, since then. And we have exited the market before Goldman Sachs’ call.
How bad the KLSE will fare after Malaysia’s surprised and shocking 40% hike in fuel (gas) prices on June 5th remains to be seen. But no matter how badly local market stocks will fall this June because of surging inflation, soaring oil prices, or anything else, you ain’t seen nothing yet!
Some investors in the KLSE have recently resorted to seeking advice from Daoist deities and heavenly immortals (ShenXian). Apparently, the advice and hints given by the divinities is not dissimilar to my entry on May 13 and in this one. While the world’s best stock analysts had been proven wrong time and time again so far this year according to Bloomberg reports, there is no doubt that the Daoist gods and heavenly immortals already know what is going to happen in the second half of 2008 to the KLSE and perhaps to the global stock markets.
Therefore, I suggest regular readers cum investors in the KLSE to exercise extreme caution in the coming months. Of course there is nothing wrong with a bit of trading since stocks will rebound after sharp plunges, just try not to lose your shirt, the house you live in, your entire fortune, your life or whatever, okay?
Take care.
Then and now, the lax or lack of regulation by Central Bankers on the loose lending practices of commercial banks and other financial institutions put paid to the Bull Runs of 1996 / 1997, and that of 2006 / 2007. The only difference is the twist.
Instead of the financial crisis starting from an emerging economy like Thailand back in 1997, it started on the other side of the world, in the most sophisticated and largest financial market, the US, ten years later. By coincidence, the stock markets started their often wild plunges in August of 1997 and that of 2007. Also by coincidence, my teacher, the Yi had given prior warnings of both decimations of stocks quoted on the Kuala Lumpur Stock Exchange.
If we go by indices, the Vietnamese stock exchange suffered the worst fall among the Asian markets. Its index has experienced a horrendous two thirds fall from its peak of 1170 points reached in March 2007, because of the change in sentiments and rampant inflation in that country. According to Yahoo Finance reports, the stock market upheavals started around October 2007 despite the communist government’s effort to keep it on track and continuing a non-stop decline since early May 2008, dealers said. The VN Index at the Ho Chi Minh Stock Exchange dropped by 5.54 points to close at 395.66 points on Wednesday, June 4, 2008.
Since October 2007 till now, while the Vietnamese stock market led the way, the Shanghai stock exchange index fell by a stomach churning 45%, Hang Seng fell 25%, and Bombay SEI fell 24% with the Singaporean, Japanese, New Zealand and Australian stock indices giving up between 17.5 to 20% of its previous markets capitalization. By comparison, the Malaysian, Taiwanese, Indonesian and South Korean stock indices fall were relatively mild – in between 12.5 % to 14%. (Remember my forewarnings in the related entries on ‘Stand not in the middle of the mountain’ and 'Missing the return' of these falls?)
In 1997, the biggest losers in terms of magnitude were those of low liners and second board counters in the KLSE. Some were hit by several limit downs effectively losing 70 to 95% of their market values within days. The only difference from spring 2007 till now is that these categories of stocks and others which had lost 70 to 95% of their market values at their peaks had almost a year to do so. Others include Centro Properties Group of Australia and Bear Stearns of the US, for example.
A bitter lesson learned from 1997 is that investors may think that stocks are cheap after a fall of 30 to 50% from their year highs. Stock prices would then slide lower after a small rebound – termed bear traps - since sentiments have changed; for the bull had already turned into a bear market. When foreign and/or local fund managers start selling down their substantial holdings for a reason or other, like those witnessed in 1997, small investors better learn not to buy unless they have boatloads of money to lose. (Think of declining stock prices of Centro Properties Group and Bear Stearns in 2007 and the first quarter of 2008.)
Goldman Sachs has recently recommended their clients to underweight or to reduce holdings of shares in several emerging Asian stock markets including that of Malaysia, for one reason or another. Looking at my Yi Chart for 2008, Goldman Sachs’ timing of the call is about right. Since their clients could move much slower than small fry.
Obviously the few readers, if any, who sold some of their stocks in the KLSE after my May 13, 2008 entry on ‘Raising cash levels’ could consider themselves lucky as the prices of quite a number of low liner stocks have fallen by 10 to 20%, if not more, since then. And we have exited the market before Goldman Sachs’ call.
How bad the KLSE will fare after Malaysia’s surprised and shocking 40% hike in fuel (gas) prices on June 5th remains to be seen. But no matter how badly local market stocks will fall this June because of surging inflation, soaring oil prices, or anything else, you ain’t seen nothing yet!
Some investors in the KLSE have recently resorted to seeking advice from Daoist deities and heavenly immortals (ShenXian). Apparently, the advice and hints given by the divinities is not dissimilar to my entry on May 13 and in this one. While the world’s best stock analysts had been proven wrong time and time again so far this year according to Bloomberg reports, there is no doubt that the Daoist gods and heavenly immortals already know what is going to happen in the second half of 2008 to the KLSE and perhaps to the global stock markets.
Therefore, I suggest regular readers cum investors in the KLSE to exercise extreme caution in the coming months. Of course there is nothing wrong with a bit of trading since stocks will rebound after sharp plunges, just try not to lose your shirt, the house you live in, your entire fortune, your life or whatever, okay?
Take care.
Saturday, December 29, 2007
Yi divining with the ShenXian
This entry is written especially for Yi fellows who believe in the existence of Daoist deities and immortals (ShenXian), particularly those readers from Malaysia, Singapore, Hong Kong and Taiwan where Daoist temples are easily accessible. Yi diviners who keep an open mind and those who like to improve upon their already good divination skills but do not have such readily access to the ShenXian in their respective countries can take note of this entry for their future reference.
No, I am not trying to convert any Yi fellows to Daoism nor am I asking them to pray to the ShenXian for blessings or help. I am just sharing my experience on a way to further improve upon our Yi divination and interpretation skills. What best than to test our self acquired divination skills with divinities – with or without their knowledge and/or approval. After all, according to the Doctrine of the Mean (Chung Yung), it is possible that a Yi diviner can divine like a Shen (spirit).
After I had returned from London, England for good, my mum surprised me with a divination slip (qian), obtained by way of shaking divination sticks (jiu qian) out of a bamboo or metal container, from a Guan Yin temple depicting my fortune for that year, 1980. She had been praying for her children and family and obtaining these divination slips for decades. The yearly predictions from this particular temple are known to be accurate and the cost for one divination was less than 20 US cents then.
For a few years after that I did not take too much notice of the predictions until I started to consult the Zhouyi for my annual hexagrams. One day, out of curiosity I compared my annual hexagram with the divination slip for the particular year from the Guan Yin temple. While what was foretold by the Guan Yin divination slip appeared simpler, the story of the ancient referred to in the slip almost matched with the Yi prognostication. (Take note that each divination slip contains a popular storyline reference to a particular 'ancient' to provide for a more accurate interpretation of the fortune reading.)
Over the next five years, the same matches occurred – which meant that the predictions from this particular Guan Yin temple were indeed accurate or that this student’s Yi divination and interpretation skills had improved. That was my first test.
The second test with predictions from divinities came during the 1993 Bull Run in the KLSE. In early 1993, the Yi had already indicated through various prognostications that the stock market was going to be very good. The Book of Changes would tell me through the hexagrams when to buy and when to sell stocks. My friends and ex-colleagues who consulted with Daoist deities and heavenly immortals to trade on the stock market would often share the predictions given by these ShenXian. Together with the Yi prognostications nothing could go wrong. We were all making good money from the stock market – until the music stopped in the first week of January 1994. My friends were still trading in the KLSE because the divinities never told them to get out of the market.
Perhaps they really thought that I was an easily scared ‘rabbit’ when I sold all my stocks by the third week of December 1993 and went to Australia to celebrate Christmas and New Year. I had indicated to them that the Yi had warned of impending falls and they should sell most of their stock investments by end December and hold cash. Instead they bought more after some initial profit taking because the stock market remained hot.
By early 1994 until the end of 1995, the predictions of the Daoist deities and heavenly immortals had become corrupted. That was the third test.
Over the years, there were more such tests which provided some of the reasons why I have diligently followed the Yi instead of the ShenXian. (Some of these later tests and comparisons had been blogged, years ago.)
It is fun to be able to divine with the Yi and compare notes with accurate predictions from the Daoist deities and heavenly immortals. Such predictions through divination slips or mediums can be obtained directly or indirectly (through a relative or close friend) from Daoist temples. The comparisons and tests can also provide Yi students with a deeper understanding of the Yi and raise our levels in interpretation of the prognostications.
Yi diviners do not have to believe me; you can try it out sometime given the opportunity. Hopefully it helps in your progress in Yi divinations until you can divine like a spirit. By then nothing on earth and in heaven remains hidden, since all you need is to consult the Yi.
No, I am not trying to convert any Yi fellows to Daoism nor am I asking them to pray to the ShenXian for blessings or help. I am just sharing my experience on a way to further improve upon our Yi divination and interpretation skills. What best than to test our self acquired divination skills with divinities – with or without their knowledge and/or approval. After all, according to the Doctrine of the Mean (Chung Yung), it is possible that a Yi diviner can divine like a Shen (spirit).
After I had returned from London, England for good, my mum surprised me with a divination slip (qian), obtained by way of shaking divination sticks (jiu qian) out of a bamboo or metal container, from a Guan Yin temple depicting my fortune for that year, 1980. She had been praying for her children and family and obtaining these divination slips for decades. The yearly predictions from this particular temple are known to be accurate and the cost for one divination was less than 20 US cents then.
For a few years after that I did not take too much notice of the predictions until I started to consult the Zhouyi for my annual hexagrams. One day, out of curiosity I compared my annual hexagram with the divination slip for the particular year from the Guan Yin temple. While what was foretold by the Guan Yin divination slip appeared simpler, the story of the ancient referred to in the slip almost matched with the Yi prognostication. (Take note that each divination slip contains a popular storyline reference to a particular 'ancient' to provide for a more accurate interpretation of the fortune reading.)
Over the next five years, the same matches occurred – which meant that the predictions from this particular Guan Yin temple were indeed accurate or that this student’s Yi divination and interpretation skills had improved. That was my first test.
The second test with predictions from divinities came during the 1993 Bull Run in the KLSE. In early 1993, the Yi had already indicated through various prognostications that the stock market was going to be very good. The Book of Changes would tell me through the hexagrams when to buy and when to sell stocks. My friends and ex-colleagues who consulted with Daoist deities and heavenly immortals to trade on the stock market would often share the predictions given by these ShenXian. Together with the Yi prognostications nothing could go wrong. We were all making good money from the stock market – until the music stopped in the first week of January 1994. My friends were still trading in the KLSE because the divinities never told them to get out of the market.
Perhaps they really thought that I was an easily scared ‘rabbit’ when I sold all my stocks by the third week of December 1993 and went to Australia to celebrate Christmas and New Year. I had indicated to them that the Yi had warned of impending falls and they should sell most of their stock investments by end December and hold cash. Instead they bought more after some initial profit taking because the stock market remained hot.
By early 1994 until the end of 1995, the predictions of the Daoist deities and heavenly immortals had become corrupted. That was the third test.
Over the years, there were more such tests which provided some of the reasons why I have diligently followed the Yi instead of the ShenXian. (Some of these later tests and comparisons had been blogged, years ago.)
It is fun to be able to divine with the Yi and compare notes with accurate predictions from the Daoist deities and heavenly immortals. Such predictions through divination slips or mediums can be obtained directly or indirectly (through a relative or close friend) from Daoist temples. The comparisons and tests can also provide Yi students with a deeper understanding of the Yi and raise our levels in interpretation of the prognostications.
Yi diviners do not have to believe me; you can try it out sometime given the opportunity. Hopefully it helps in your progress in Yi divinations until you can divine like a spirit. By then nothing on earth and in heaven remains hidden, since all you need is to consult the Yi.
Saturday, November 24, 2007
Wishful thinking
The analysts are still at it. Some recommend buying shares since the stock markets have fallen so much and seemed cheap while others argue it is time to sell to preserve capital from further deterioration. We cannot begrudge analysts because it is their job, their profession, to recommend the buying or selling of investments. They have to make a living too. It is always up to investors to follow their recommendations or not.
However if investors do not do their own homework before investing or divesting, it amounts to wishful thinking especially in times of a financial crisis. It tantamount to holding onto false hopes if investors continue to ignore the current implosion of stock markets, the continual freefall of the US dollar, and various warnings by established institutions of further turmoil up ahead.
According to Bloomberg this week, Japan was the first major stock market to turn into a bear market in 2007. Her Topix Index has fallen by more than 20% from its high this year.
The Chinese stock markets (Shanghai and Hong Kong) could be next as they have plunged and are hovering just above the 20% drop level where they will technically turn into bear markets if crossed. The Shanghai Stock Exchange Index hit a record high of 6,124.04 points on October 16th while the Hang Seng Index reached its highest ever 31,958.41 points on October 30th. If the SSEI and the HSI fall below 4,899 and 25,566 points respectively, these Chinese stock markets will be called 'bear markets'.
Meanwhile the Dow Jones Index has fallen below the 12,845.78 points reached on August 16 when the credit crunch hit before the US Federal Reserve reduced both the discount and bank lending rates twice. According to those who subscribed to the Dow Theory, if the DJI close below that figure again, it signals a bear market. On Wednesday November 21 the DJI ended at 12,799.04, its lowest close since April.
In Malaysia if investors have not noticed, many low liners are hovering just above and some had gone below the prices reached on August 17th, the day of the huge panic in the KLSE and the Asian stock markets. It is wishful thinking if investors believe that the KLSE will not be affected by the prevailing havoc in global financial markets. Like a good mare, the KLSE follow leading stock markets, especially in plunges. Look at the money traded, just over RM 1 billion on Friday.
Also like good mares following the lead of Deutsche Bank, analysts have been emboldened to estimate the huge losses that global banks (commercial and investment) may write off going forward. The DB analysts opened the floodgates with estimated losses of USD 250 to 500 billion, quickly followed by others (including the US Fed Chairman) who predicted losses ranging from USD 100 billion to 200 billion. According to the Organisation for Economic Cooperation and Development (OECD) this week, losses from US subprime mortgage foreclosures, coupled with slowing economic growth and falling house prices could reach as much as USD 300 billion. OECD estimated a fifth of subprime mortgages are at risk.
Frankly speaking, all these estimates including those figures provided by the OECD sound rather optimistic.
Global banks that overtraded by financing long term loans with short term money are floundering. If you ask any insolvency expert, they will tell you the main cause for bankruptcy of once profitable businesses is overtrading. The banks knew that it was wrong to overtrade, but bankers too have their own frailties. Who do not want to make more money?
My prudent estimate of losses arising from CDOs and mortgage defaults amount to USD 900 billion or more. (According to the US mortgage association, outstanding housing mortgages total USD 10.9 trillion. CDOs and related derivatives amount to USD 6 trillion. Source: Bloomberg)
If this worst case scenario ever happens, expect some global banks (commercial and investment) to go under next year or the year after. What then would happen to global financial markets is anyone’s guess.
If regular readers who invest in Asian stock markets did not heed my recent advices to hold more cash rather than shares since early October and preferred to stand in the middle of the mountain at the end of October, hope they are well prepared for the freefalls down the chasm of Kun / The Receptive Earth since the mountain has imploded this November just like in 1997.
If some readers think that one knows more than the ShenXian, one was just following the ancients by reading the past to foreknow the future. In truth, the final quarter of my Yi chart for 1997 depicts what would and is currently happening to Asian stock markets. The reason for my forewarnings on the Chinese stock markets which include Hong Kong and lately the South Korean stock market. (Foreign funds were net sellers of Korean stocks for the entire week ending November 23rd.)
Hopefully, investors will stop listening to the Xiao Ren, whose influences have waned; wishful thinking, perhaps? Since fate and luck continue to play a part in determining with whom, when, or where the buck and music will finally stop.
However if investors do not do their own homework before investing or divesting, it amounts to wishful thinking especially in times of a financial crisis. It tantamount to holding onto false hopes if investors continue to ignore the current implosion of stock markets, the continual freefall of the US dollar, and various warnings by established institutions of further turmoil up ahead.
According to Bloomberg this week, Japan was the first major stock market to turn into a bear market in 2007. Her Topix Index has fallen by more than 20% from its high this year.
The Chinese stock markets (Shanghai and Hong Kong) could be next as they have plunged and are hovering just above the 20% drop level where they will technically turn into bear markets if crossed. The Shanghai Stock Exchange Index hit a record high of 6,124.04 points on October 16th while the Hang Seng Index reached its highest ever 31,958.41 points on October 30th. If the SSEI and the HSI fall below 4,899 and 25,566 points respectively, these Chinese stock markets will be called 'bear markets'.
Meanwhile the Dow Jones Index has fallen below the 12,845.78 points reached on August 16 when the credit crunch hit before the US Federal Reserve reduced both the discount and bank lending rates twice. According to those who subscribed to the Dow Theory, if the DJI close below that figure again, it signals a bear market. On Wednesday November 21 the DJI ended at 12,799.04, its lowest close since April.
In Malaysia if investors have not noticed, many low liners are hovering just above and some had gone below the prices reached on August 17th, the day of the huge panic in the KLSE and the Asian stock markets. It is wishful thinking if investors believe that the KLSE will not be affected by the prevailing havoc in global financial markets. Like a good mare, the KLSE follow leading stock markets, especially in plunges. Look at the money traded, just over RM 1 billion on Friday.
Also like good mares following the lead of Deutsche Bank, analysts have been emboldened to estimate the huge losses that global banks (commercial and investment) may write off going forward. The DB analysts opened the floodgates with estimated losses of USD 250 to 500 billion, quickly followed by others (including the US Fed Chairman) who predicted losses ranging from USD 100 billion to 200 billion. According to the Organisation for Economic Cooperation and Development (OECD) this week, losses from US subprime mortgage foreclosures, coupled with slowing economic growth and falling house prices could reach as much as USD 300 billion. OECD estimated a fifth of subprime mortgages are at risk.
Frankly speaking, all these estimates including those figures provided by the OECD sound rather optimistic.
Global banks that overtraded by financing long term loans with short term money are floundering. If you ask any insolvency expert, they will tell you the main cause for bankruptcy of once profitable businesses is overtrading. The banks knew that it was wrong to overtrade, but bankers too have their own frailties. Who do not want to make more money?
My prudent estimate of losses arising from CDOs and mortgage defaults amount to USD 900 billion or more. (According to the US mortgage association, outstanding housing mortgages total USD 10.9 trillion. CDOs and related derivatives amount to USD 6 trillion. Source: Bloomberg)
If this worst case scenario ever happens, expect some global banks (commercial and investment) to go under next year or the year after. What then would happen to global financial markets is anyone’s guess.
If regular readers who invest in Asian stock markets did not heed my recent advices to hold more cash rather than shares since early October and preferred to stand in the middle of the mountain at the end of October, hope they are well prepared for the freefalls down the chasm of Kun / The Receptive Earth since the mountain has imploded this November just like in 1997.
If some readers think that one knows more than the ShenXian, one was just following the ancients by reading the past to foreknow the future. In truth, the final quarter of my Yi chart for 1997 depicts what would and is currently happening to Asian stock markets. The reason for my forewarnings on the Chinese stock markets which include Hong Kong and lately the South Korean stock market. (Foreign funds were net sellers of Korean stocks for the entire week ending November 23rd.)
Hopefully, investors will stop listening to the Xiao Ren, whose influences have waned; wishful thinking, perhaps? Since fate and luck continue to play a part in determining with whom, when, or where the buck and music will finally stop.
Monday, July 09, 2007
Heavy obstacles end
Since the last entry on the KLSE on June 26 2007, the stock market fell for the rest of that week. During the span of the last fortnight, the Shanghai stock market went up to 4,100+ before tumbling to 3,500+ a drop of about 600 points and ended last Friday with small rebound to 3,700+. Amateur bombers tried and failed to terrorize England and then Scotland with their car bombs filled with gas canisters and nails. (Think Yi chart timing)
I understand that some Malaysian investors lost out on some opportunities when the KLSE rebounded last week. There were rumors swirling around in the market that the KLCI would fall by 200 points or more, therefore these investors had sold all their investments to hold cash. Heck, they were probably listening to the so called ‘ShenXian’ again!
Regular readers would probably have noted that one has given several hints in the previous entry which include revealing my own investment strategy, rarely revealed beforehand, not to sell all their stockholdings. And that the Yi had only given two mild warnings. In fact one reminded investors to look at the laggard second boarders.
If investors have bought into certain second board counters – companies that have good fundamentals and paying dividends – over the past two weeks with part of their spare cash, they could be making money. Some of their shares prices have already gone up by a third, the past week. Volume is also picking up, probably retailers are bottom picking these laggards – some were ‘darlings’ of house wives and the ‘man on the street’ so to speak during the bull runs of 1993 and 1996. (Their share prices often ‘sky rocket’ when trade volume picked up because of their small capital outstanding.)
If momentum builds up this week, the second board counters could be in for a good run. In case you think that there is a conflict of interest, I am still accumulating one of my favorite counters which had hardly moved the past fortnight and bought a small amount of shares in two or three others for punting out of the total 240+ counters listed in the second board. To avoid conflict of interest is one of the reasons why I do not recommend or name a particular stock to buy which also allows me to remain blameless.
Since the recent heavy obstacles depicted in the Yi chart for 2007 will end by tomorrow, one will buy more of the favorite counters (which include low liners) that I have been holding onto, once their particular trade volume builds up.
This July run up could probably take me across the thresholds* of a 100 % return on investments for 2007 to date and the twenty fold return on capital since early 2006. All thanks to my teacher, the remarkable and inscrutable Zhouyi!
Happy returns every one!
(Both *thresholds could have been crossed earlier if not for those uncalled for remarks in May on the Chinese stock market.)
I understand that some Malaysian investors lost out on some opportunities when the KLSE rebounded last week. There were rumors swirling around in the market that the KLCI would fall by 200 points or more, therefore these investors had sold all their investments to hold cash. Heck, they were probably listening to the so called ‘ShenXian’ again!
Regular readers would probably have noted that one has given several hints in the previous entry which include revealing my own investment strategy, rarely revealed beforehand, not to sell all their stockholdings. And that the Yi had only given two mild warnings. In fact one reminded investors to look at the laggard second boarders.
If investors have bought into certain second board counters – companies that have good fundamentals and paying dividends – over the past two weeks with part of their spare cash, they could be making money. Some of their shares prices have already gone up by a third, the past week. Volume is also picking up, probably retailers are bottom picking these laggards – some were ‘darlings’ of house wives and the ‘man on the street’ so to speak during the bull runs of 1993 and 1996. (Their share prices often ‘sky rocket’ when trade volume picked up because of their small capital outstanding.)
If momentum builds up this week, the second board counters could be in for a good run. In case you think that there is a conflict of interest, I am still accumulating one of my favorite counters which had hardly moved the past fortnight and bought a small amount of shares in two or three others for punting out of the total 240+ counters listed in the second board. To avoid conflict of interest is one of the reasons why I do not recommend or name a particular stock to buy which also allows me to remain blameless.
Since the recent heavy obstacles depicted in the Yi chart for 2007 will end by tomorrow, one will buy more of the favorite counters (which include low liners) that I have been holding onto, once their particular trade volume builds up.
This July run up could probably take me across the thresholds* of a 100 % return on investments for 2007 to date and the twenty fold return on capital since early 2006. All thanks to my teacher, the remarkable and inscrutable Zhouyi!
Happy returns every one!
(Both *thresholds could have been crossed earlier if not for those uncalled for remarks in May on the Chinese stock market.)
Wednesday, May 30, 2007
Change in future direction?
One used to read the Financial Times when preparing for the external professional accountancy examinations in London. That was how I managed to breeze through the financial and business management papers in the finals. Thereafter on occasions I read the Times Magazine especially during flights and had subscribed to the Far Eastern Economic Review (FEER) for almost a decade in the eighties and nineties before the Wall Street Journal, the owners, decided to revamp the Review. FEER was no longer published a few years later. At times, I also read the Asian Wall Street Journal to keep abreast of the financial markets. Reading the right publications and books will certainly help in our learning process.
On a recent track back, one found that both the online Times Magazine and Wall Street Journal had provided a link to the blog entry on ‘The bull in China’. Wow! Thank you to the authors of the related articles for the link up. It certainly made my day!
Do the links from these two prestigious and widely read publications herald a future change to the direction of this blog? Not likely.
But one will rant again if more of the so called ‘ShenXian’ come out to issue unnecessary public warnings that adversely affect the global stock markets thereby hurting more investors than they had hoped to save.
This shows a reason why the Zhouyi and the ancients who knew much about human nature indicated that to remain blameless will be the highest good.
Links to the related articles in the Times Magazine and the Wall Street Journal:
http://www.time.com/time/magazine/article/
0,9171,1624894,00.html
http://online.wsj.com/article/
SB118039486558716561.
html?mod=home_whats_news_us
On a recent track back, one found that both the online Times Magazine and Wall Street Journal had provided a link to the blog entry on ‘The bull in China’. Wow! Thank you to the authors of the related articles for the link up. It certainly made my day!
Do the links from these two prestigious and widely read publications herald a future change to the direction of this blog? Not likely.
But one will rant again if more of the so called ‘ShenXian’ come out to issue unnecessary public warnings that adversely affect the global stock markets thereby hurting more investors than they had hoped to save.
This shows a reason why the Zhouyi and the ancients who knew much about human nature indicated that to remain blameless will be the highest good.
Links to the related articles in the Times Magazine and the Wall Street Journal:
http://www.time.com/time/magazine/article/
0,9171,1624894,00.html
http://online.wsj.com/article/
SB118039486558716561.
html?mod=home_whats_news_us
Sunday, May 27, 2007
The bull in China
How many analysts can really read or claim to know the Chinese stock markets?
Yet we have the so-called ShenXian, none other than Mr. Li Ka Shing, one of the richest Asians and Mr. Alan Greenspan, the former US Federal Reserve Chairman predicting that the rising stock markets in China cannot be sustained. Just like the moon, markets waxes and wanes. However the timing of rises and falls of markets are not as predictable as the moon phases. Ask any savvy trader or analyst.
While the wise Mr. Li and Mr. Greenspan have good intentions when they issued their respective warnings, the bulls in China charged ahead. But the other Asian markets, perhaps slightly more matured, open, and have high equity financing, suffered some jitters on Wednesday and Thursday when these prominent personalities made their respective statements. Damn. Just when the KLSE had rallied on Tuesday, these ‘ShenXian’ poured cold water on the stock markets! Sometimes the prominent like to think that they are wiser than the Chinese Government in enriching its people.
Has the Chinese Government not tried to stop the overheating of the stock markets, just like they did for their overheated real property market? One supposes that all governments in the world would not like to see markets crash which will hurt the economy, both their people and the investors.
The Chinese stock market is an emerging market and restricted to locals and some selected foreign funds. As I understand it, equity financing has been pulled – to prevent overheating - and is no longer made available for the purchase of stocks and shares. This means that investors use cash to purchase their shares. If the money kept in banks as savings or term deposits generate negative growth (where interest income is below the prevailing inflation rate), money will flow into investments that can provide higher returns.
Since most Chinese would be aware that real property prices in their country have gone up sky high or too expensive for them to invest in, their next best investment would be the stock market especially when it is rising. Who does not want to win and to become rich overnight? That probably explains the one million share trading accounts opened with stockbrokers every week for the past few months. Most of the trading accounts with stock broking firms are held by individuals.
According to the Chinadaily, billions of Yuan had been withdrawn every month from savings accounts and term deposits in banks to purchase shares in the stock market. (This by itself is not highly unusual in any other country where there is an ongoing bull run.) “In April, 160 billion out of the total 250 billion Yuan that flooded into the stock market came from individual investors." Yet in the same month, general bank savings rose by 444 billion Yuan although 13.3 billion less as compared to April 2006.
In a country that accounts for almost a quarter of the world’s population and which holds the largest foreign reserves ever (USD 1 trillion plus), a net creditor, and probably has the largest accumulated savings in banks, with a double digit GDP growth during recent years, what is a stock market capitalization of 16.89 trillion Yuan, or a price earnings (PE) ratio of 60?
In a mature market where funds and institutions make up the main players and GDP growth hovers around 3% we would be much concern if the PE’s remain stubbornly high, say, in excess of 30. The professional managers of the funds and institutions who are supposed to be sophiscated and are highly paid to do a good job to bring in favorable returns on investments year in year out would not invest at those rates.
But in China, stock markets can still spring surprises, since all trades are in cash – no equity financing; her economy has expanded faster than the rise in the stock market which took off last year; a high savings rate in the country; the ‘feel good’ factor of rising wealth in assets (real property and shares investment) will spill over to the consumer markets which will further fuel the economy and provide employment. Is this not what all governments and China want?
Of course no Government wants investors to get hurt. With more than one hundred and fifty million of individuals investing in the Chinese stock market, the last ones holding the shares when the music stops (read falls and crash) will certainly feel the pain? But if investors had invested wisely in growth stocks instead of speculative ones (think Information Technology stocks of 2000 in the US where there was no PE since many IT companies had neither business nor profits), their investments may still make money, one day, if the Chinese have the patience and capacity to hold onto them. (Think of stock market crashes, subsequent rebounds and rallies.)
If investors buy shares and real properties with cash as compared to those who rely on borrowings to finance their purchases, they will be alright even if markets turn against them. No jittery banks or financial institutions can pull the carpet from right under their feet when markets plunge.
One way for the Chinese government to protect investors is to properly regulate the markets; another is to educate the people on the pitfalls or high risks of investing in speculative stocks.
Hopefully China can cool down her stock markets like what she is or has been doing for her overheated real property market. And hopefully, the so called ShenXian will stop issuing unnecessary warnings that did not dampened the Chinese stock market but instead affected other stock markets across the world.
Yet we have the so-called ShenXian, none other than Mr. Li Ka Shing, one of the richest Asians and Mr. Alan Greenspan, the former US Federal Reserve Chairman predicting that the rising stock markets in China cannot be sustained. Just like the moon, markets waxes and wanes. However the timing of rises and falls of markets are not as predictable as the moon phases. Ask any savvy trader or analyst.
While the wise Mr. Li and Mr. Greenspan have good intentions when they issued their respective warnings, the bulls in China charged ahead. But the other Asian markets, perhaps slightly more matured, open, and have high equity financing, suffered some jitters on Wednesday and Thursday when these prominent personalities made their respective statements. Damn. Just when the KLSE had rallied on Tuesday, these ‘ShenXian’ poured cold water on the stock markets! Sometimes the prominent like to think that they are wiser than the Chinese Government in enriching its people.
Has the Chinese Government not tried to stop the overheating of the stock markets, just like they did for their overheated real property market? One supposes that all governments in the world would not like to see markets crash which will hurt the economy, both their people and the investors.
The Chinese stock market is an emerging market and restricted to locals and some selected foreign funds. As I understand it, equity financing has been pulled – to prevent overheating - and is no longer made available for the purchase of stocks and shares. This means that investors use cash to purchase their shares. If the money kept in banks as savings or term deposits generate negative growth (where interest income is below the prevailing inflation rate), money will flow into investments that can provide higher returns.
Since most Chinese would be aware that real property prices in their country have gone up sky high or too expensive for them to invest in, their next best investment would be the stock market especially when it is rising. Who does not want to win and to become rich overnight? That probably explains the one million share trading accounts opened with stockbrokers every week for the past few months. Most of the trading accounts with stock broking firms are held by individuals.
According to the Chinadaily, billions of Yuan had been withdrawn every month from savings accounts and term deposits in banks to purchase shares in the stock market. (This by itself is not highly unusual in any other country where there is an ongoing bull run.) “In April, 160 billion out of the total 250 billion Yuan that flooded into the stock market came from individual investors." Yet in the same month, general bank savings rose by 444 billion Yuan although 13.3 billion less as compared to April 2006.
In a country that accounts for almost a quarter of the world’s population and which holds the largest foreign reserves ever (USD 1 trillion plus), a net creditor, and probably has the largest accumulated savings in banks, with a double digit GDP growth during recent years, what is a stock market capitalization of 16.89 trillion Yuan, or a price earnings (PE) ratio of 60?
In a mature market where funds and institutions make up the main players and GDP growth hovers around 3% we would be much concern if the PE’s remain stubbornly high, say, in excess of 30. The professional managers of the funds and institutions who are supposed to be sophiscated and are highly paid to do a good job to bring in favorable returns on investments year in year out would not invest at those rates.
But in China, stock markets can still spring surprises, since all trades are in cash – no equity financing; her economy has expanded faster than the rise in the stock market which took off last year; a high savings rate in the country; the ‘feel good’ factor of rising wealth in assets (real property and shares investment) will spill over to the consumer markets which will further fuel the economy and provide employment. Is this not what all governments and China want?
Of course no Government wants investors to get hurt. With more than one hundred and fifty million of individuals investing in the Chinese stock market, the last ones holding the shares when the music stops (read falls and crash) will certainly feel the pain? But if investors had invested wisely in growth stocks instead of speculative ones (think Information Technology stocks of 2000 in the US where there was no PE since many IT companies had neither business nor profits), their investments may still make money, one day, if the Chinese have the patience and capacity to hold onto them. (Think of stock market crashes, subsequent rebounds and rallies.)
If investors buy shares and real properties with cash as compared to those who rely on borrowings to finance their purchases, they will be alright even if markets turn against them. No jittery banks or financial institutions can pull the carpet from right under their feet when markets plunge.
One way for the Chinese government to protect investors is to properly regulate the markets; another is to educate the people on the pitfalls or high risks of investing in speculative stocks.
Hopefully China can cool down her stock markets like what she is or has been doing for her overheated real property market. And hopefully, the so called ShenXian will stop issuing unnecessary warnings that did not dampened the Chinese stock market but instead affected other stock markets across the world.
Friday, April 13, 2007
Three types of Daoist immortals
Quite a number of Daoists in the West do not understand the term, ‘Daoist immortals’ or ‘Dao Xian’, possibly confused by various explanations given in Western books and/or in forums which largely depend on the knowledge of each author. It is alright, nothing to worry about. After praying to Daoist deities for a few decades, one had only understood the real difference between a Daoist deity (Shen) and a Daoist immortal (Xian) about fifteen years ago.
A learned individual needs to cultivate both essence and life to become an immortal. Deities need not go through the same process – a candidate may not be as learned, he or she may not have cultivated both essence and life – they could have led an exemplary life or had done something great for the people. And the people at the time build temple(s) in their honor and started to pray for the deity’s blessings. (Think Guan Gong – the God of War.)
For those with a passing interest in Taoism and want to know a bit more about immortals, reading what a renowned Daoist has to say is better than gleaning from Western books and Tao forums.
According to Zhong LiQuan, one of the eight Daoist immortals (Baxian), there are three types of immortals. In his text, the Secretly Transmitted Complete Numinous Treasure Skills of Perfect Man Zhengyang, he indicated that there are human immortals, earthly immortals, and heavenly immortals depending on their attainments. Apparently the text was transmitted by his student, Lu Dongbin, and comprised of three volumes each depicting what can be achieved by man (ren):
“If students can accomplish the “Four small vehicle ways for happiness and prolonged life”, they can become human immortals.
If students can step up to accomplish the “Three middle vehicle ways for immortality”, they become earthly immortals.
Finally if they can accomplish the “Three great vehicle ways for attaining sainthood”, they become heavenly immortals.”
[Source: Taoist Culture and Information Centre, Hong Kong. Click ‘Quanzhen/Taoism’ under Resources for website link, if you wish to read the details and the Chinese in ‘the Daoist Scriptures’ section.]
I had first heard about earthly immortals (DiXian) from my Daoist friend several years ago. He learned about them from his ancestor master, a heavenly immortal (TianXian). Probably human immortals (RenXian) are those who have reached the Center, who are happier and live longer than others. (Think Sages and the wise.)
In the Shurangama Sutra (Leng Yen), Buddha had indicated a few more types of immortals which include Buddhas, various deities, and ghost kings.
Over the decades, through mediums, one had opportunities to speak to Daoist deities, a heavenly immortal, and Buddhas. If you have the opportunity, do not miss the chance to ask any of these divinities, it is good for experience and knowledge. Just do not ask frivolous questions. You may get a knock on the head by the Daoist immortal – immortals are a bit sterner than the others. Like the Yi, if you know what I mean. (Think Hexagram 4 Meng / Youthful Folly.)
Daoist heavenly immortals certainly know more of the Yi than you and me. A reason why they are in heaven!
A learned individual needs to cultivate both essence and life to become an immortal. Deities need not go through the same process – a candidate may not be as learned, he or she may not have cultivated both essence and life – they could have led an exemplary life or had done something great for the people. And the people at the time build temple(s) in their honor and started to pray for the deity’s blessings. (Think Guan Gong – the God of War.)
For those with a passing interest in Taoism and want to know a bit more about immortals, reading what a renowned Daoist has to say is better than gleaning from Western books and Tao forums.
According to Zhong LiQuan, one of the eight Daoist immortals (Baxian), there are three types of immortals. In his text, the Secretly Transmitted Complete Numinous Treasure Skills of Perfect Man Zhengyang, he indicated that there are human immortals, earthly immortals, and heavenly immortals depending on their attainments. Apparently the text was transmitted by his student, Lu Dongbin, and comprised of three volumes each depicting what can be achieved by man (ren):
“If students can accomplish the “Four small vehicle ways for happiness and prolonged life”, they can become human immortals.
If students can step up to accomplish the “Three middle vehicle ways for immortality”, they become earthly immortals.
Finally if they can accomplish the “Three great vehicle ways for attaining sainthood”, they become heavenly immortals.”
[Source: Taoist Culture and Information Centre, Hong Kong. Click ‘Quanzhen/Taoism’ under Resources for website link, if you wish to read the details and the Chinese in ‘the Daoist Scriptures’ section.]
I had first heard about earthly immortals (DiXian) from my Daoist friend several years ago. He learned about them from his ancestor master, a heavenly immortal (TianXian). Probably human immortals (RenXian) are those who have reached the Center, who are happier and live longer than others. (Think Sages and the wise.)
In the Shurangama Sutra (Leng Yen), Buddha had indicated a few more types of immortals which include Buddhas, various deities, and ghost kings.
Over the decades, through mediums, one had opportunities to speak to Daoist deities, a heavenly immortal, and Buddhas. If you have the opportunity, do not miss the chance to ask any of these divinities, it is good for experience and knowledge. Just do not ask frivolous questions. You may get a knock on the head by the Daoist immortal – immortals are a bit sterner than the others. Like the Yi, if you know what I mean. (Think Hexagram 4 Meng / Youthful Folly.)
Daoist heavenly immortals certainly know more of the Yi than you and me. A reason why they are in heaven!
Saturday, March 31, 2007
Take responsibility for your own actions
Regular readers may recall the various entries on GT shares from 2005 to 2006 – ‘Spoiled by the mother’, ‘Hidden Treasure’, and the ‘Do not chase after the horse’ live case studies as the Yi prognostication unfolded. The shares price of GT sky rocketed this week and count as one of the KLSE counters that achieved a new twelve months high – in fact it could be a six years high for GT shares. (Refer to ‘Signs of hope (2)’)
In case you are interested, the GT share price has increased 18 (eighteen) fold from its record low set in 2005. That is what a ‘Super Bull Run’ is all about, if readers do not yet understand the term used since the beginning of 2007.
Readers, especially those from Malaysia, may be surprised. But no friends and kin actually listened to my past hints. They had their mouths wide open and expect to be fed. They had bought various shares based on market tips and rumors with their new found wealth but they have forgotten about GT.
Like others, GT share prices fluctuate in line with market conditions – its share price has gone up in good times and has fallen in bad ones - clearly spelt out this time for those intellectuals who pretend to be thick and look for scapegoats or excuses if they missed the boat or become a stale bull through their own decisions or dithering. If they never bought back any GT shares at lower prices than those sold, why lament now?
In a Bull Run, anything can happen. A wrong decision: to buy or not to buy any shares; to sell shares too early; to hold onto the shares longer than necessary; can cost a lot of money with the benefit of hindsight. It can run into thousands, tens or hundreds of thousands or even millions of ringgit.
Grow up; take responsibility for your own actions. Move on; do not linger in the past, if you happen to miss the boat. No one can ever win all the money sloshing around in a bull market. There will be many opportunities and rounds for trade unless you choose to be a dormant investor. It all depends on your luck and the requisite homework.
A case in point and if it makes those who missed the boat any happier - I have just heard that a tycoon lost 50 million ringgit on his investment in GT shares bought ten years ago at much higher prices and sold most of the shares before this price surge, probably on the ill advice of his stockbroker, kin and friends – those so called ‘ShenXian’! That can be considered greed, fear, and sheer bad luck all rolled into one. Have pity on him even if he can afford the loss. Fifty million is a lot of money to lose on just one share investment. Many Malaysians probably cannot make that kind of money in a lifetime.
It looks like the tycoon chose to believe the so called ‘ShenXian’ rather than the Yi and Daoist immortals. If only he had listened carefully to my Daoist friend who told him about what the Yi and the Xian had indicated years ago and cheerfully waited. But how many people in the world can believe or truly follow the Yi and Tao?
It is high time for friends and kin to take responsibility for their own actions. They have only forgone the opportunity to make more money. They have more than sufficient capital gains made from the GT shares last year. The spoon feeding has stopped. My annual hexagram for 2006 was Hexagram 42 Yi / Increase. It is not the same this year. Therefore, no more mothering for way overgrown kids, it is time for them to stand on their own two feet and to make their own investment decisions.
If readers cannot change with the times, hold on to your investments and ride the expected heavy fluctuations - major ups and downs - in a bull run.
The KLSE is an active market for traders since early 2007, one has indicated just as much, especially for someone like me who has minimal start up capital although it is comparatively more than the RM 20,000 seed capital in 1993. It can be hectic and heart rendering if wrong calls are made and one does not need any more blame thrown in my direction. I need to concentrate to make a fortune and can no longer find the time to plead, argue, and nurture seemingly mature professional accountants to enable them to make much money from the right timing of rises and falls of my stock picks and the stock market. What with decisions which involve hundreds of thousands or millions of ringgit which had to be made within seconds, minutes, or hours – for example similar to those witnessed on February 27 and March 5.
Ah, it really feels good to escape from the playful clutches of fry and shrimps who hang onto the coat-tails for so many years. Within the puddle of water, they can float like a butterfly and sting like a bee! Yes, indeed it was lucky that this dragon has managed to leap out of the puddle and hovers above the field. Hope other fallen dragons can do the same.
Perhaps, another good week like last week for the KLSE will allow the dragon to fly a bit higher. If the Yi and heaven are by any chance listening, a little tailwind is required to double the prices of my investments. Meanwhile keep a look out for more counters reaching new twelve months high this coming week.
If you do not have the dexterity and a strong heart for the expected upheavals in a Bull Run (a battlefield of sorts), it is better that you remain as an impassive investor in the KLSE rather than trade. Any shares will eventually go up in a bull run, it just a matter of timing, foresight and the magnitude.
PS
So far only my late father before he died was the only one who can keep pace with me during the KLSE bull runs of 1993 and 1996. He listened carefully to every word I said and also knows how to trade. We planned strategies almost every night on what to do for the next trading day. He was one of my favorite confidants whenever the Yi speaks of omens and heaven secrets. He read Classical Chinese in school.
When I was in London in the 1970s, he used to call from KL to ask for Yi oracles on investment in properties. He had relied on the oracles and my interpretations each time he invested or divested real properties in Malaysia and Singapore. He made much money from such trades which spanned more than two decades before he passed away in 2002. I missed him dearly even after my three years of mourning. Tomorrow is the time of year – Qing Ming which happens to fall on April 5 - where we will visit his grave.
In case you are interested, the GT share price has increased 18 (eighteen) fold from its record low set in 2005. That is what a ‘Super Bull Run’ is all about, if readers do not yet understand the term used since the beginning of 2007.
Readers, especially those from Malaysia, may be surprised. But no friends and kin actually listened to my past hints. They had their mouths wide open and expect to be fed. They had bought various shares based on market tips and rumors with their new found wealth but they have forgotten about GT.
Like others, GT share prices fluctuate in line with market conditions – its share price has gone up in good times and has fallen in bad ones - clearly spelt out this time for those intellectuals who pretend to be thick and look for scapegoats or excuses if they missed the boat or become a stale bull through their own decisions or dithering. If they never bought back any GT shares at lower prices than those sold, why lament now?
In a Bull Run, anything can happen. A wrong decision: to buy or not to buy any shares; to sell shares too early; to hold onto the shares longer than necessary; can cost a lot of money with the benefit of hindsight. It can run into thousands, tens or hundreds of thousands or even millions of ringgit.
Grow up; take responsibility for your own actions. Move on; do not linger in the past, if you happen to miss the boat. No one can ever win all the money sloshing around in a bull market. There will be many opportunities and rounds for trade unless you choose to be a dormant investor. It all depends on your luck and the requisite homework.
A case in point and if it makes those who missed the boat any happier - I have just heard that a tycoon lost 50 million ringgit on his investment in GT shares bought ten years ago at much higher prices and sold most of the shares before this price surge, probably on the ill advice of his stockbroker, kin and friends – those so called ‘ShenXian’! That can be considered greed, fear, and sheer bad luck all rolled into one. Have pity on him even if he can afford the loss. Fifty million is a lot of money to lose on just one share investment. Many Malaysians probably cannot make that kind of money in a lifetime.
It looks like the tycoon chose to believe the so called ‘ShenXian’ rather than the Yi and Daoist immortals. If only he had listened carefully to my Daoist friend who told him about what the Yi and the Xian had indicated years ago and cheerfully waited. But how many people in the world can believe or truly follow the Yi and Tao?
It is high time for friends and kin to take responsibility for their own actions. They have only forgone the opportunity to make more money. They have more than sufficient capital gains made from the GT shares last year. The spoon feeding has stopped. My annual hexagram for 2006 was Hexagram 42 Yi / Increase. It is not the same this year. Therefore, no more mothering for way overgrown kids, it is time for them to stand on their own two feet and to make their own investment decisions.
If readers cannot change with the times, hold on to your investments and ride the expected heavy fluctuations - major ups and downs - in a bull run.
The KLSE is an active market for traders since early 2007, one has indicated just as much, especially for someone like me who has minimal start up capital although it is comparatively more than the RM 20,000 seed capital in 1993. It can be hectic and heart rendering if wrong calls are made and one does not need any more blame thrown in my direction. I need to concentrate to make a fortune and can no longer find the time to plead, argue, and nurture seemingly mature professional accountants to enable them to make much money from the right timing of rises and falls of my stock picks and the stock market. What with decisions which involve hundreds of thousands or millions of ringgit which had to be made within seconds, minutes, or hours – for example similar to those witnessed on February 27 and March 5.
Ah, it really feels good to escape from the playful clutches of fry and shrimps who hang onto the coat-tails for so many years. Within the puddle of water, they can float like a butterfly and sting like a bee! Yes, indeed it was lucky that this dragon has managed to leap out of the puddle and hovers above the field. Hope other fallen dragons can do the same.
Perhaps, another good week like last week for the KLSE will allow the dragon to fly a bit higher. If the Yi and heaven are by any chance listening, a little tailwind is required to double the prices of my investments. Meanwhile keep a look out for more counters reaching new twelve months high this coming week.
If you do not have the dexterity and a strong heart for the expected upheavals in a Bull Run (a battlefield of sorts), it is better that you remain as an impassive investor in the KLSE rather than trade. Any shares will eventually go up in a bull run, it just a matter of timing, foresight and the magnitude.
PS
So far only my late father before he died was the only one who can keep pace with me during the KLSE bull runs of 1993 and 1996. He listened carefully to every word I said and also knows how to trade. We planned strategies almost every night on what to do for the next trading day. He was one of my favorite confidants whenever the Yi speaks of omens and heaven secrets. He read Classical Chinese in school.
When I was in London in the 1970s, he used to call from KL to ask for Yi oracles on investment in properties. He had relied on the oracles and my interpretations each time he invested or divested real properties in Malaysia and Singapore. He made much money from such trades which spanned more than two decades before he passed away in 2002. I missed him dearly even after my three years of mourning. Tomorrow is the time of year – Qing Ming which happens to fall on April 5 - where we will visit his grave.
Saturday, March 24, 2007
Signs of hope (2)
In the earlier entry on March 11 one had indicated to investors of Malaysian shares to watch out for higher liquidity in the KLSE which will invariably increase the prices of shares. Confidence in the KLSE was generated with last week’s policy announcements by the Government and the Prime Minister to provide various incentives among others to real property investors (the abolition of Real Property Gains Tax), foreign investors (faster approvals, no quotas in some types of investments) and further easing of controls on the Ringgit. The good news was made public at the investment conference for 1,000 fund managers (mostly foreign) specially invited for the event.
No, one was not privy to a sneak preview. Neither did the earlier indication of higher liquidity come from reliable sources. It came directly from the annual Yi chart for 2007 read together with past events and the awareness of time compression in a bull market.
Since March 11, one received feedback about how the market will perform over the past fortnight – some people predicted that the KLSE will rise one week and fall in the next, while others say it was time to sell and get out of the market. Many stale bulls did exactly that, selling into rebounds either cutting losses or make do with smaller profits.
More and more of these so-called ‘ShenXian’ will come out of the closets as the KLSE recovers further lost ground (what with the huge losses incurred in the plunges on Feb 27 and on Mar 5) and eventually climbs higher than its all time high reached way back in 1993. Some have even predicted the timing of general elections, as if they have read the thoughts of our Prime Minister. So please be careful and be wary of such predictions. You may miss the boat or lose your shirt listening to these human ‘ShenXian’.
The prices of shares one bought back from Mar 6 onwards, with a rebound of 30 to 40%, have climbed back up to the levels last seen on Mar 1. The momentum and high liquidity of last week, if carried forward, can probably send some counters in the KLSE to new twelve months highs this coming week. Second board counters have also shown signs of activity, in case Malaysian investors have not noticed. Therefore the expected rally can be really broad based.
Based on the Yi chart, the stock market will continue the rebound and rally for some time. No, no hints will be given on when this new rally will end, until it is time to do so.
Go out and create your own luck. Without plenty of luck generated, you may not get to keep any of the capital gains from the stock market, even if you have followed my lead to make much money like in 2006, unless you are somehow destined to become a millionaire or a multimillionaire from shares trading - which reverts to fate.
No, one was not privy to a sneak preview. Neither did the earlier indication of higher liquidity come from reliable sources. It came directly from the annual Yi chart for 2007 read together with past events and the awareness of time compression in a bull market.
Since March 11, one received feedback about how the market will perform over the past fortnight – some people predicted that the KLSE will rise one week and fall in the next, while others say it was time to sell and get out of the market. Many stale bulls did exactly that, selling into rebounds either cutting losses or make do with smaller profits.
More and more of these so-called ‘ShenXian’ will come out of the closets as the KLSE recovers further lost ground (what with the huge losses incurred in the plunges on Feb 27 and on Mar 5) and eventually climbs higher than its all time high reached way back in 1993. Some have even predicted the timing of general elections, as if they have read the thoughts of our Prime Minister. So please be careful and be wary of such predictions. You may miss the boat or lose your shirt listening to these human ‘ShenXian’.
The prices of shares one bought back from Mar 6 onwards, with a rebound of 30 to 40%, have climbed back up to the levels last seen on Mar 1. The momentum and high liquidity of last week, if carried forward, can probably send some counters in the KLSE to new twelve months highs this coming week. Second board counters have also shown signs of activity, in case Malaysian investors have not noticed. Therefore the expected rally can be really broad based.
Based on the Yi chart, the stock market will continue the rebound and rally for some time. No, no hints will be given on when this new rally will end, until it is time to do so.
Go out and create your own luck. Without plenty of luck generated, you may not get to keep any of the capital gains from the stock market, even if you have followed my lead to make much money like in 2006, unless you are somehow destined to become a millionaire or a multimillionaire from shares trading - which reverts to fate.
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