Lautouzhi

Time to bet on stocks, says guru 2007-11-22 16:13 (New York)

It's time to bet on, says Hong Kong's stock guru Lee Shau-kee, who is ready to
throw HK$10 billion into the market when everything has cleared up.

Lee, dubbed 'Asia's Warren Buffett,'said he sees the silver lining in the gloomy
sentiment. 'I'll split the lump of money into two shots, that is HK$5 billion
each,' he told a media conference announcing his donation of HK$500 million to
the University of Hong Kong.

The first half, he said, will be used in a couple of days, 'I already spent
between HK$1 billion and HK$2 billion to buy stocks in the market today
[Thursday], and will splash out the rest tomorrow [Friday].' He said he still
has to see when to spend the other HK$5 billion.

Lee recalled he pulled the siren last week that the market may go very volatile;
it did, as the Hang Seng Index dropped some 3,000 points this week.
'But today it's not at all the same,' Asia's second richest man said.

The negative news, he explained, has at least been partly exposed, like the
huge losses brought about by the subprime crisis in Europe and North America,
and the mainland's cooling measures to contain an overheating economy.
'Now seize your chance to buy low,' he said.

A self-proclaimed analyst, Lee said all stocks have their elemental - metal,
water, wood, fire and earth.

'I always have a preference over the metal or gold, which represents the
financial sector such as insurance companies and banks,' he said.
The 79-year-old new age geomancist recommended Hong Kong Exchange and Clearing
(0388) and Chinese Merchants Bank (3968), 'but I currently hold just a little of
HKEx.'

While having 'little feeling' over water and wood elements, Lee also liked fire,
the energy industry. 'That means something burnable.'

He endorsed CNOOC (0883) for the first time as a good choice of investment.
Earth element, representing real estate, is a little complicated, according to
Lee.

'They are also good in the long term, but as I said last month, we should be
cautious about those stocks.'

Msn :
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Lautouzhi

We have almost seen the bottom, can start accumulating, In fact without my knowledge, my company has start accumulating last friday. I wasn't informed of this decision. We take up various position in different counters however, we didn't buy in much stock. All are blue chips H shares.

Singapore I strongly recommend Chinatown. We have about 300 000 shares til now. Exited from previous 600 000 shares. Didn't make much from this counter. If it goes back to $0.80 which I strongly believe it would due to some information i recieved last week. Not insider information though, this is just some analysis we have done on this company. I believe can hold this counter.

Msn :
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staRINN

soon the whole sgclub got free meal !!!

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Lautouzhi

staRINN, I hope so too. :mellow3: We only load abt 20% of what we have. We need a full load to get the results fast but it is too too too dangerous.

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Lautouzhi

Wow, Lucky not full load, if not shed blood again. Until end of these week, till all these bad news have been announced, then can load. Luckily I stop all the trades yesterday and went to sleep, only adopt a wait and see attitude.

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djchris

Well the good news is, that the stocks in my watchlist are getting cheaper..

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Lautouzhi

I think not much difference from last week when blood really flows. I would propose u buy other stocks which has 50% discount already. All our target stocks is abt 50% off the retail price.
I just hope to get in the right time so we may not only recover our loses, we may also get a new car each.
I give you one example, before this crash, Sheyingwangguo is HKD$16 (highest) Now it is $8.50. It is about half price. I put in 1mil in Shenying, If it rises 30%, my profit is S$300000. 30% I don't even need to wait for long. Maybe afew days. Can even contra.
Of cos on paper it is very easy to say, I don't deny. Just hope the subprime issues don't get too nagging.

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djchris

I think the stocks in my watchlist and the stocks in your watchlist would be relatively different because I look at boring businesses with stable growth. Nothing dramatic, just consistent growth for the long term.

These businesses don't really come at 50% off.

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Lautouzhi

We also have some of shares that we don't trade. Capitaland, Sembawang ( we have quite abit) , SIA that I don't post out too. Our portfillio is quite diversified. These are having discounted now too.
That's why I say the stocks you choose are defensive stocks. You won't see much gain, vice versa.
Anyway now I seldom play penny stocks already, getting bored with penny stocks. All blue chips.
Counters like Chalco, Petro china, China eastern (future blue chip), Shen ying wang guo all these.

Anyway we will be cashing out everything after this rally(if it comes). Defensive play after this year. Probably during Feb or March. Depends on situation.
Tonight DJ likely to end red, looking at today's trade. Monday should be a good buying day. Today is another fruitless day for us. This week is full of bad news for US. But in Singapore we have seen the bottom, it won't really be scary unless US drop us a bomb.
I hope they realise it is best to open their cards and the stock market will pick off from there.

When you recieve dividends from a company, always know why u are recieving this dividend. If it is from sales of an entity. If it is a profit dividend, like Singpost. Then be very wary. Singpost has reach its peak. That's why there is excessive cash in the company and they are giving out to investors. Unless they change their business model, there is NO growth in this company. Why I only comment on this company, one of our directors like Singpost alot, he buys in 200-300 hundred lots to keep(personal basis), so our fund manager researched this company, of cos it doesn't mean u won't make money out of this company. Just that you can have better use for that money.

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Lautouzhi

Last night DJ went up 215 pts depsite housing slump. IMO, this is not a good sign. Citi group just recieve a cash injection of 7.5 billion and traders are feeling frenzy over this. Today stocks open slightly higher, traders in Singapore are clever. I thought it will cheong in the morning and I will start shorting at 11.30am. Too bad, today may even end up in red as investors fled the market for fear of tonight.
Singapore market has turn pretty defensive over the past few trading sessions. There are more bad news coming from US til end of these week. I should have all the dates of announcement of bad news. Wednesday night and friday night should have some announcement.

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yellowcoral

got free treat, remember jio me

me not active reading all post, must pm me hor!!
i think i haven't join outing with anyone here b4... my first

so many bad news coming, gd news also slowly coming, will it turn the market?
now going end accounting yr, will there be gd or bad news?
seems that market will be bad till next yr..

Lautouzhi

Actually it is all bad news in disguise and traders in US take it as a good news. I don't know why. A cash injection of 7.5 bil cause DJ to rise by 200++ pts? A further reduction in interest rates cause DJ to rise another 300++ pts? Where is the logic? More blood shed coming
Tomorrow I'm betting on asia is likely to end flat. A few US companies laying off people. I'm holding my bullets for the third time this week.

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djchris

I agree..these short-term 'solutions' do not solve the core issue at all. US will still go down eventually.

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Yuppie

So anyone made some money from my recomendations?

MAS seems to be in an awkward position upholding its monetary policy. Inflation rate, spot rate and interest rate are in very uncompromising trend.
I'll still stay out of equities if I have a choice. (except the 2 counters I suggested earlier i.e.)

kwokhua

welcome back, lautouzi!

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