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Post by zuolun on Mar 3, 2015 4:00:49 GMT 7
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Post by zuolun on Mar 3, 2015 4:01:59 GMT 7
Chairman of PM Group, Prayudh Mahagitsiri's investment in Sino Grandness reminds me of KDDI's US$100m investment in DMX Also, money for investing is relative. $30 mil to Mr Lim may be loose change. Hence, it is important for investors to understand the relative nature of money. What seems big to you may be very small to others. With this understanding, you can make better decisions in the future. Smart money has some control on the stock. All else should be considered not-so-smart money. Investors need to be clear whether they are following smart money or the not-so-smart money.... not all big money is smart money..... also, smart money has its own agenda and may also want the shares to fall first. An investor has to be able to guess whether the money is smart or not.  Genting chief Lim Kok Thay has been buying Linc Energy from S$ 1.43 to S$ 0.945 and up his stakes from 51 million shares in Dec 2013 to 106 million share in Nov 2014. At today price of $0.585, the estimated loss of his bets would be around S$ 30 million. Every time when he bought, I am sure many people would followed him. I were so tempted to do so but never did. Smart money is sometime not so smart. |
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Post by zuolun on Mar 3, 2015 4:02:09 GMT 7
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