Temasek selling Merrill Lynch at a loss
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Originally posted by eagle:
Don't get influenced by him into some unrelated topic. It's his tactic. We have seen him branched out to property discussions and inflation discussions, leading forumers to unrelated stuff.
Day in day out, you are calling others troll. please look at your past 20 posts in this thread and tell me which one is related to Merrill Lynch and Temasek? -
Originally posted by O o O o:
Maurizio, I am not sure if I should feel proud of you for taking up the challenge or should I be sad to see you making a fool out of yourself again by setting chidlish and unrealistic conditions just to show people that you CAN predict the market.
1) You are giving yourself a US$7 trading band, which is about 26% margin based on yesterday trading price of US$26. On top of that you are using AVERAGING to measure your prediction, which means that potentially even if ML stock price trade as high as US$30.50 to as low as US$16.50, you will still have a good chance of being mathematically correct. That my friend is a trading margin which is WIDER than what STI, DJIA, Nikkei, FTSE, KOSPI, HANGSENG have flunctuated over the past 12 months. Are you trying to be kiasu si boh?
2) Beside protecting yourself with averaging and wide trading margin, you also included unrealistic condition that there must be no aggressive monetary expansion to stimulate the economy and inflation levels are maintained.
Can I know is this is a new feature that you can select when you are short selling stocks over the X-change? And what is your meaning of AGGRESSIVE? e.g?
As an investor, I really dont see a point in talking about stock price without making a decision to buy or sell, so my question to you is, if you are an investor like Temasek, can you tell us what is your target price to buy into ML from now to Oct08? Can I say it is US$20, since that is in the lower end of your prediction?
As for your condition you stated in blue, I am very curious on why do you want to insist that inflation level be maintained? AFAIK, ML share price was trading at US$26 yesterday, (thats after they annouced they are getting rid of their TOXIC CDOs,) and you are betting that it will go to as low as US$20, which is a whopping 23%, down from yesterday closing price. Hence common sense will tell us that it should be in your interest to see inflation rising instead of maintaining, so that it will create more problem in the CDOs market which will result to more writedown for banks.
So Maurizio, can you explain to us the purpose behind maintaining inflation level?
1) It's still below the USD 26 currently trade price. If you can give me a better price, then state your claims. You don't have the guts to take up the bet just say so. We will understand.2) If you don't understand expansionistic monetary policy, what more you want me to do. Teach you again?
You need to go back to school to learn.Target price like any investor is .........the lower the better. A redundant question, as if Temasek can set buying price, you sure your maths got A and B?
Suggest you go learn some economics and finance before you start crapping.
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Originally posted by freedom4ever:
somehow he seem shocked to learn that there is this thing call virtual PC too.
Are you looking for excuses not to do what you claim you could?Are you worried that you cant deliever what you said you could?
I guess the answer to both that question is a YES huh?
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Originally posted by O o O o:
Are you looking for excuses not to do what you claim you could?Are you worried that you cant deliever what you said you could?
I guess the answer to both that question is a YES huh?
i asking you to try out for yourself since you got so many accounts.
i use virtual PC before, have you?
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Originally posted by O o O o:
Maurizio, I believe you should stop abusing the name of Warren Buffett like you know about his investment philosophy inside out.
Warren Buffett is an investor that only go for long term investment, hence to him stock price flunctuation will not affect his long term strategy.
I believe I have quote the below artcle and a quote from the man himself.
“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.”
Warren Buffett, CEO of Berkshire Hathawayhttp://www.fivecentnickel.com/2008/03/25/investment-insights-market-timing
If his investment strategy is about timing the market, then I am sure he would have sold his entired investment portfolio to take advantage of his ability to time the market isnt it?
Maurzio, please stop contaminate the minds of other forumer here, because it seems to me that despite the fact that you have contradict yourself so many time, some fools here will be regards you are "Warren Buffett" of Speakers Corner.
I know you have autism, so you tend to repeat and not digesting my earlier post. I for one have no desire to keep repeating my earlier post. Warren Buffett has a newsletter about Investment Strategy and Market Timing Update. You delight in chasing your own tail in circles, I for one do not enjoy this act, do enjoy yourself repeating without reading and understanding what others have posted.
Ask any intelligent investor if they would have bought into US stock market given the subprime crisis. -
Originally posted by O o O o:
Maurizio, on paper, Temasek is already sitting on a profit with ML investment because after the recent new share issue, Temasek have managed to reduce their average cost from US$48 to US$21 and the stock price was trading at US$25-6 yesterday. And like I said, these are paper gain, which are important to only people like Maurizio13.How many time must you screw yourself up before learn to read before you talk, and learn not to venture into subjects which you are clueless. And lets not forget about the chain of meaningless statistic you have been posting in this forum.
If it's a loss making company, even if it's US$0.01, I won't buy. But there are fools in the ST Telemedia that invested billions into Global Crossing which has posted losses year after year.What do you think of the government's investment in Global Crossing? Good deal?
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Originally posted by maurizio13:
1) It's still below the USD 26 currently trade price. If you can give me a better price, then state your claims. You don't have the guts to take up the bet just say so. We will understand.2) If you don't understand expansionistic monetary policy, what more you want me to do. Teach you again?
You need to go back to school to learn.Target price like any investor is .........the lower the better. A redundant question, as if Temasek can set buying price, you sure your maths got A and B?
Suggest you go learn some economics and finance before you start crapping.
Maurizio13,1) You have already been proven wrong that Temasek will be better off not talking up the deal in Dec07 because today, they are now seating on paper profit with an average cost of US$21 per share
2) There is a reason why I asked your for eg? thats because I honestly doubt you know what the hell you are talking about when you said aggressive monetary expansion to stimulate the economy.
I bet you must have been doing quite alot of reading in the past hour didnt you?
What you are simply doing is trying to use such vague conditions like this to protect yourself in case the average ML share price is outside your 20-27 range in Oct08
Am I correct you little fool? kekeke
3) Somehow you have choosed to ignore my question to you on maintaining inflation level.... I wonder why....KEKEKE!!
There really no need for me to take any extra economic lesson when I am dealing with a fool like you.
Your words will speak for itself..
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O o O o,
If you think you are smarter, then put your money where your mouth is.
Place your bet in physical cash.
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Originally posted by maurizio13:
If it's a loss making company, even if it's US$0.01, I won't buy. But there are fools in the ST Telemedia that invested billions into Global Crossing which has posted losses year after year.What do you think of the government's investment in Global Crossing? Good deal?
OFF TOPIC ALERT!!! -
Originally posted by maurizio13:
O o O o,
If you think you are smarter, then put your money where your mouth is.
Place your bet in physical cash.
Why even bother talking to that troll?
Just ignore him and let him rant around la. Discussions are better without trolls interrupting, but since trolls like to interrupt even though they have been banned multiple times, the next thing we can do is just to treat them as if they have not posted anything.
This troll has disrupted this thread enough.
Let's continue our own discussion.
M13, do you think the buying of US banks could have been fuelled by political reasons? -
Originally posted by eagle:
Why even bother talking to that troll?
Just ignore him and let him rant around la. Discussions are better without trolls interrupting, but since trolls like to interrupt even though they have been banned multiple times, the next thing we can do is just to treat them as if they have not posted anything.
This troll has disrupted this thread enough.
Let's continue our own discussion.
M13, do you think the buying of US banks could have been fuelled by political reasons?
I know, already on ignore list. -
Originally posted by maurizio13:
I know you have autism, so you tend to repeat and not digesting my earlier post. I for one have no desire to keep repeating my earlier post. Warren Buffett has a newsletter about Investment Strategy and Market Timing Update. You delight in chasing your own tail in circles, I for one do not enjoy this act, do enjoy yourself repeating without reading and understanding what others have posted.
Ask any intelligent investor if they would have bought into US stock market given the subprime crisis.Maurizio,
Just to show how deperate you are, you actually took one of the sample newsletter which has the word market timing update to tell us the Warren buffett investment strategy is about markting timing. Where in the article did he mentioned about a specific stocks or price, like your little fantasy prediction?
If he is an investor who believes in market timing, then why is his company is still holding on billions worth of stocks when he was certain that its share price will go down? Why is he so stupid not to sell them and buy it back at a cheaper price?
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Originally posted by freedom4ever:
somehow he seem shocked to learn that there is this thing call virtual PC too.
Well, what to do. He's merely a troll that spends a great deal of time posting many unconstructive comments in sgforums.
He's such an irritant that the moderator has to ban many of his clone accounts and recently, in his words, disable some features to "slow him down" in his posting of irritants.
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Originally posted by freedom4ever:
i asking you to try out for yourself since you got so many accounts.
i use virtual PC before, have you?
Dude, I am no jerks like you or your palsShould I tell you that I can walk on air and then ask you to try it?
If you cant do what you said, it is best that you just shut up and dont act like a pro.
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Originally posted by maurizio13:
I know, already on ignore list.
I have told you many times that I have lost the thrill and excitment of making you look like a fool in this forum. But since you dont want to take my advice to eat the humble pie and stop sprouting nonsense in this forum, I have no choice but to continue engaging you right to the end.I guess it might be a wise move to tell them that you intentionally back out of this discussion by putting me in your ignore list, instead of letting them see you as being an empty vessel who alot of noise by no substance.
Maurizio, dont be sad, at least you have the guts to take up the challenge, not like some EAGLE who is only capable for provide stupid side shows to amuse himself.
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Originally posted by O o O o:
Dude, I am no jerks like you or your palsShould I tell you that I can walk on air and then ask you to try it?
If you cant do what you said, it is best that you just shut up and dont act like a pro.
go read what can a virtual PC do. unless microsoft is lying about their product and we are there to test for them?
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Originally posted by maurizio13:
I know, already on ignore list.You realised again?
The troll tried to twist your words to do a personal attack on you.
Well, I guess it can't be helped that he just declared himself a loser with no substance again, because it was him was said so.
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Originally posted by freedom4ever:
go read what can a virtual PC do. unless microsoft is lying about their product and we are there to test for them?
Well, the troll like to compare stupid things.
He used an example of walking on air, but I can tell you that he has totally no idea and knowledge on even elaborating the techniques to do so.
There's no point wasting time to convince someone in anything whose main aim is not to discuss, but to troll around the forums.
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Originally posted by eagle:
You realised again?
The troll tried to twist your words to do a personal attack on you.
Well, I guess it can't be helped that he just declared himself a loser with no substance again, because it was him was said so.
That's his MO, it's synonymous with him now.To him anytime is a good time to buy into the market and everybody has the same intellect regarding stock market as Warren Buffett, everybody should be a billionaire by now.
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i think they shouldn't really sell any of those shares now. in fact, they should just continue buying until they get a controlling stake in those banks.
that would be a really good takeover of western financial insitutions by asian governments. ha. show that PRC is not the only country capable of doing that.
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Originally posted by deathmaster:
i think they shouldn't really sell any of those shares now. in fact, they should just continue buying until they get a controlling stake in those banks.
that would be a really good takeover of western financial insitutions by asian governments. ha. show that PRC is not the only country capable of doing that.
i don't think they shouldn't have controlling stake, they have no expertise in running companies like these.their past acquisition of Global Crossing yielded losses of USD310 million to USD 358 million every year, yet this company managed to survive. rule no. 1 in finance, even if a company makes losses year after years after year, so long as there are fools willing to pump in money to sustain the operations, it will never go belly up (bankrupt).
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Originally posted by deathmaster:
i think they shouldn't really sell any of those shares now. in fact, they should just continue buying until they get a controlling stake in those banks.
that would be a really good takeover of western financial insitutions by asian governments. ha. show that PRC is not the only country capable of doing that.
Temasek didnt sell lah, they actually took up the option to buy ML new share issue and increase their stake to about 9% and a discounted rate. -
Originally posted by freedom4ever:
go read what can a virtual PC do. unless microsoft is lying about their product and we are there to test for them?
F4, your behavior is actually the same as EAGLE, alot of big talk, big claim but no action. (aka empty vessel)Bird of same feather flock together huh?
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Originally posted by maurizio13:
i don't think they shouldn't have controlling stake, they have no expertise in running companies like these.their past acquisition of Global Crossing yielded losses of USD310 million to USD 358 million every year, yet this company managed to survive. rule no. 1 in finance, even if a company makes losses year after years after year, so long as there are fools willing to pump in money to sustain the operations, it will never go belly up (bankrupt).
OFF TOPIC ALERT!! -
Originally posted by eagle:
You realised again?
The troll tried to twist your words to do a personal attack on you.
Well, I guess it can't be helped that he just declared himself a loser with no substance again, because it was him was said so.
Day in day out, you call me a troll. just read your last 20 post in this forum and tell me which one is related to Merrill Lynch and Temasek?Eric Claptop - Before you accuse me, take a look at yourself