You can quote all you want, but facts of the case is, I was right
about the impending drop due to sub prime effects on financial
institutions.
Facts of the case is, I said it was a bad time to buy in Dec
2007, it would be a better time to buy at the end of Dec 2008 when
prices have stabilized.
Some people can see the market, whereas others like you
can't.
Jim Rogers, a former partner of George Soros in the famed
Quantum Fund.
The fund manager, who has traveled extensively in emerging markets
and lives part of the year in Asia, says sovereign wealth funds in
Abu Dhabi and Singapore that recently made large investments in
Citigroup and UBS AG (UBS, news, msgs) are likely to lose a lot of money on their
ploys. "They're making a big mistake; these banks have many
more problems still ahead. They should wait until these companies
are really on the ropes a few years from now . . . and trading at
$5 a share."
But aren't they supposed to be the smart money? Maybe not. "I know
these people, and they have never given me the impression
that they're smarter than anyone else," Rogers says. "They
have gigantic amounts of money, but they've made a bad judgment in
these cases."
http://politics.sgforums.com/forums/10/topics/299624
Maurizio, You might want to know that timing the market is one of
the biggest mistake that people always do in stocks trading,
because it is as good as gambling. If you claim you know what you
are talking about, then how could you compare Temasek investment
approach to high risk gambling, like timing the market? Are you
shooting yourself in the feet and walking on your hands at the same
time? beside that, we already have a AndrewPKyap in this forum to
give us market prediction, do we need another one here? hahah..
Like any armchair critics, it is always easy to say I predicted
this and that but when being asked a simply question like, do you
think ML stock price will be up or down in 3 months time and when
is the best time to buy. You will say, it depends on this, that and
bla bla bla. Am I right? Or do you want to give it a shot? In case
you dont know, are you aware that Temasek did have a capital
protection clause in their earlier investment in ML, which is
offered only to them and not any tom dick and harry who pick up ML
stock from the exchange. I have read it briefly, you might want to
find out more information about that and tell us what is your
comment.
