Those quotes you provided don't mean a thing.
Tell me something, how much are those columnist worth?
Are they managing a fund equivalent to George Soro's Quantum
Fund?
The difference between gambling and investing is investing uses
information to gain an advantage, whereas gambling you just go in
to punt (like what Temasek did).
Facts of the case is still, it is cheaper to buy Merrill Lynch
now than it was to buy in December 2007. Why? Because of the
sub prime crisis unraveling itself in 2008.
Simple to understand, no contentions.
You can give all the quotes you want but what matters is the
figures.
Protection clause so? Doesn't mean they will make money from it
in 2 years time. If you are so confident. Why not make a bet? Do
you have the guts to put your money where your mouth is?
Dear Maurizio13,
I believe I have told you before that I have lost the thrill and
excitement of making a fool out of you.
And this is why.
1) These quote will mean nothing to you because you have ZERO
experience in trading stock and thats why you believe you have the
ability to time the market like Mr. AndrewPKyap in this forum.
Let me put you a challenge here. Instead of continuing with
your armchair critics stuns of reporting yesterdays news like
its your prediction, let me ask you. Do you think ML share price
will head north or south in 3 months time? ie. Oct 2008.
I really hope you will take this opportunity to prove to us that
you are as smart as what you said.
2) When I posted the quotes, I did 2 things
intentionally, first is to remove one of the quote
and 2nd I didnt show you the link. The reason is because,
I am wait for you to sprout more nonsense to
argue about timing the market.
I am not sure why you quoted George Soros, did he
teach you to time the market? Or are you trying to use BIG
NAME to repackage your bulllshit?
And BTW, dont twist words here, I am comparing gambling to
timing the market,
not gambling to investing in stocks. You should know
thats a whole lot of difference if you have the any experience
trading share on th xchange.
“I never have the faintest idea what the stock market is
going to do in the next six months, or the next year, or the next
two.”
http://www.fivecentnickel.com/2008/03/25/investment-insights-market-timing/
The pro's predicament. For market
timing to be an effective investment strategy, you have to be right
twice: once when you sell to exit the market, and again when you
buy to re-enter. Being correct on the first call is challenging,
but twice in a row is even more difficult. Although professional
market timers—those who offer informed buy/sell advice to their
clients—often claim success, decades of research have found little
theoretical or empirical evidence that active market timing
works. Indeed, a study that analyzed the five-year
performance of 25 experienced professional timers found
luck to be just as
important as the timers' skill in determining performance
results.1 And while market timers can reduce portfolio
volatility (simply by being out of the market for periods of time),
researchers have
found no evidence that they consistently boost
returns.
3) The FACTS of the matter is that Temasek acquisition into ML
is a marriage deal, whereby the ML INVITE
Temasek to take up a stake in the company. Hence please
dont confuse yourself with trading stocks through the xchange.
If Temasek refused to take up a stake in ML 6 months ago,
do you think Temasek will be given a chance to increase their stake
now? Since ML desperately need to raise fresh capital 6
months ago, if Temasek pass that opportunity, I am pretty sure some
other SWF would have taken up the stake. If that happen, can you
tell us, what is left for Temasek?
4) If you are wondering why I switch my nickname, its not
because I am banned, its because FireIce disable some feature in my
account to slow me down.
Whats new, she is your MAMA right?
