Past performance good indicator for future performance?

[marco]

Where is he wrong? I have not noticed anything wrong in his posts.

Oh dear me. Alfred is saying that he can show me corrections during the prolonged 2008 market crash and you agree.!!!!

 

[marco]

Marco, I see I cannot find the post where you said you were leaving, a pity...

What if CML fall 45% in the next crash? you ok with that?

And a crash is just a correction by most of the market (due to something being incorrectly valued)

I have a -8% SL. So I am good. Google Market Crash and Market Correction and you will understand the diffs.

A correction is just that. A correction. It is called a Correction because it corrects to a better value after being overbought. This may seem bad for investors but it is actually good for sustainability of the share. This is normally short term.

A crash is just that. A big smash that drops the share to well below its fair value and making it cheap. This is normally long term.

 

[Ou grote]

Oh dear me. Alfred is saying that he can show me corrections during the prolonged 2008 market crash and you agree.!!!!

I have a -8% SL. So I am good. Google Market Crash and Market Correction and you will understand the diffs.

A correction is just that. A correction. It is called a Correction because it corrects to a better value after being overbought. This may seem bad for investors but it is actually good for sustainability of the share. This is normally short term.

A crash is just that. A big smash that drops the share to well below its fair value and making it cheap. This is normally long term.

Read your very own post again a few more times...

No. It doesn't prove your point. That was in 2008 when the market crashed. I was in Managed UT's at that time and we all felt that to a large degree.
CML cannot carry on as it has for years but only due to the AUM that might grow too high as the CEO stated. This must be monitored but as they are a third party investment Co. for Pension funds, Medical Aid funds and the like, surely they will take appropriate action to protect the institutional investors.
CML has had only one correction of -7% since inception and that was last week and now is on the roll again.
I am constantly researching for stocks similar to CML's performance if I need to change.

It is also said here that Coronation's funds decrease when the market is in a bear market. This is correct but not as you might think. They still outdo their benchmarks keeping CML as a Co. growing.

I have proved this over time with the Sharenet competition. During the bull markets I am at a respectical top 5 and during a bear market I have been right at the top.
Now what does this tell you?

I am saying that there were many "corrections" (your term) since inception.

I ask again: How may "corrections" do you see since inception?

Once you've admitted you are wrong, we can move on to pennystocks, where I'll help you right again.

 

[marco]

Marco we are not saying you have not done well with CML.It was hardly a penny stock 5 years ago and you seem to lack the understanding of basic financial term and what affect CML share price.You are going to carry on getting roasted until your facts are true.Anybody can talk the talk but few walk the walk ,so good luck with your trading but please say stuff that are facts and not debatable.

Oh dear. I thought this was a debate. Also, I don't trade any more. I sucked at it.

 

[marco]

Please do move to Penny stocks. There is one apology that I need to make first.

 

[marco]

Please explain what happened between 30 April and 1 June 2012 please? Share price went from R30 to R25 during this time. This was a more than 10% correction. You stated that since 2009 the share had only seen one correction of 7%. So which is it?

I forgot about this one. My apologies. Yes it did go down and was a correction. So there are two. This sell off was due to the results that showed an increase in HEPS at 6.5%. Lower than expected.
The only reason the HEPS was lower was due to the December BIG BONUSES that were paid to fund managers that beat their indexes. And there were many. This was stated on MoneyWeb and on my broker website.
This was the main cause of of it tanking. It did not last long though.

 

[DJ...]

Typically they trade under R10 in South Africa.That R2 mark is your own mark and thumb suck. Actually it could be anywhere in between as there are no set rules for this. Jeff Black was the authority on penny stocks in SA and he termed R10 as the max for penny stocks. Google him.

All I can tell you is what I know based on years of experience, knowledge and education of the market. If you're referring to Jeff Black from RHPS then the person you are referring to was the broker (the people you claim you hate with a passion) involved with RHPS who subsequently did a runner. He was in absolutely no way the authority on supposed penny stocks, a class of the market that you still do not understand at all.

For absolute fsck sakes now, Marco, you know diddly squat about the capital markets. You are an amateur who throws around big words frequently that you do not understand, all in the hope of finding an avenue to talk about yourself and your investments. Just look at what has happened to this thread once again, all because you are wrong time and time again!

Do you think that all of us communicate behind the scenes to object to your posts? No, this is simply what happens when you post bullschit, which you continue to do each and every time you post. You talk about things that you know nothing about, you post advice that amounts to utter crap and you object to people calling you out on it on the basis that CML has done well, yet you continually lie about your returns and investments.

Just fsck off now. Really! Fsck off and leave this forum to itself. Go post your lies on sharechat where you have been trying to convince other amateurs (yes, sharechat is not full of professional market participants) that you're an investment and trading demigod. Just fsck off now so that we can have financial threads that don't involve having to spend 3 days correcting your complete bullschit...

 

[Ou grote]

These would be Pennystocks?

RESGEN 0
BIOSCI 1
SHERCAP 1
STELLA 2
NUTRITION 2
TCS 2
PLATFIELD 3
AWETHU 5
STRATCORP 5
BEIGE 6
AFDAWN 8
BRIKOR 8
SACMH 8
ANDULELA 8
FIRESTONE 8
RGT SMART 8
RBA 10
CENRAND 10
JOHNDAN 11
RARE 11
MUVONI 11
LABAT 13
BLUE 14
AH-VEST 15
TAWANA 15
NEWBOND 15
PSV 16
MORVEST 19
DON 20
PURPLE 20
SELCO 20
MINERESI 20
CHROMETCO 21
IFA 21
WEARNE 21
CONVERGE 22
MIRANDA 22
ERBACON 22
ORION 23
ANSYS 23
IMBALIE 23
GIJIMA 24
KIBO 30
SILVERB 35
SECDATA 35
SACOIL 39
UBUBELE 39
PRIMESERV 40
INFRASORS 41
CAPEMR 42
ADRENNA 45
IPSA 45
AUSTRO 45
SEKUNJALO 50
AFEAGLE 50
CHEMSPEC 50
WORKFORCE 51
FERRUM 51
BSI STEEL 52
MONEYWB 54
WESIZWE 54
PROTECH 57
B&W 59
INSIMBI 61
ISA 64
FINBOND 64
MSHolding 65
OANDO 66
GOODERSON 69
ACCENT 70
BCX-A SHARES 70
HUGE 71
MERAFE 83
INGENUITY 85
TELEMASTR 85
FIUUNIT 87
RACEC 88
INTEWASTE 89
POYNTING 89
WESCOAL 91
WINHOLD 92
VERIMARK 97
SABLEPLAT 97
CAFCA 100
TRUSTCO 109
LONRHO 110
KAYDAV 110
HARDWARE 112
SANTOVA 114
TORRE 114
DIAMONDCP 115
PRESCIENT 115
BAUBA 119
SEARDEL-N- 120
CONTROL 120
VILLAGE 122
CULINAN 125
EFFICIENT 126
JASCO 130
NICTUS 130
CONDUIT 135
ALERT 136
SEARDEL 138
FAIRVEST 140
ESORFRANK 140
DELRAND 141
HWANGE 145
CADIZ 150
S.OCEAN 150
JUBILEE 163
SENTULA 165
VUNANI 171
GLOBAL 175
MAZOR 183
METMAR 185
ATLATSA 189
KELLY 190
ADAPTIT 194
COMAIR 195
ROCKWELL 200
EASTPLATS 201
FONEWORX 205
AMECOR 205
TREMATON 209
KEATON 210
RANGOLD 212
ONELOGIX 216
PALLINGHT 229
ASCEN B 235
PETMIN 245
BUILDMAX 250
WILDRNESS 250
COAL 264
DIGICORE 265
PAN-AF 265
MICROMEGA 270
LONFIN 305
GOLIATH 310
GOLDONE 319
MIXTEL 320
TRNSHEX 325
ZEDER 328
KAP 339
AMAPS 340
LITHA 340
GRANPRADE 350
CBH 360
DCENTRIX 368
SA CORP 372
METROFILE 380
COMPCLEAR 385
YORK 400
INDEQTY 400
TASTE 414
SPANJAARD 415
ARB 420
HOSP B 425
ASCEN A 450
SEPHAKU 480
AFRO-C 488
ZCI 503
HULAMIN 503
SOVFOOD 505
ROLFES 510
REDEFINTL 512
CALGRO M3 532
AFGRI 535
VALUE 552
VIVIDEND 555
ANNUITY 560
ILIAD 589
MUSTEK 590
ITLTILE 600
EQSTRA 601
BCX 605
MARSHALL 640
CAPEVINH 640
FORBES 650
DELTA 659
SYNERGY B 661
ARGENT 670
ADVTECH 680
PUTPROP 720
ARROW B 722
DAWN 725
DRDGOLD 730
ASTRAPAK 730
ARROW A 735
FORTRESSB 750
TRANSCAP 770
BOWCALF 780
MVELASV 825
MASTDRILL 840
BLUETEL 843
DELPROP 845
FPT 851
STEFSTOCK 855
AFRIMAT 873
TRADEH 890
CIPLAMED 890
ELLIES 900
DIPULA B 965
AQUARIUS 975
REDEFINE 977

 

[Ou grote]

And using ONLY month to month data here are a few "corrections" of -5% and more for CML.

cml
31/07/2003 -15%
30/09/2003 -10%
30/04/2004 -15%
31/05/2004 -14%
31/08/2004 -7%
31/12/2004 -8%
31/03/2005 -7%
30/04/2005 -5%
30/06/2005 -6%
30/11/2005 -6%
31/05/2006 -5%
30/06/2006 -7%
31/12/2006 -8%
31/03/2007 -5%
30/06/2007 -6%
31/12/2007 -14%
31/01/2008 -27%
31/03/2008 -7%
31/05/2008 -15%
30/06/2008 -19%
31/10/2008 -13%
31/12/2008 -8%
31/05/2009 -8%
31/05/2010 -7%
31/01/2011 -7%
28/02/2011 -5%
31/05/2012 -10%

 

[marco]

What makes them Penny Stocks Alf?

And DJ. How many times must I tell you that I don't trade. I sucked at it. I DON'T TRADE. Now please get that into your fat head. You ridicule people here instead of correcting them.
As to brokers. When did I say that I hate them? Perhaps I mentioned Forex Brokers or Forex market makers as many are plain pyramid schemes run from dodgy countries.

 

[Ou grote]

What makes them Penny Stocks Alf?

And DJ. How many times must I tell you that I don't trade. I sucked at it. I DON'T TRADE. Now please get that into your fat head. You ridicule people here instead of correcting them.
As to brokers. When did I say that I hate them? Perhaps I mentioned Forex Brokers or Forex market makers as many are plain pyramid schemes run from dodgy countries.

They are below R10 marco - that would be your very own definition.
168 shares on the JSE are penny stocks according to you.


So tell me again how many "corrections" CML had since inception??

 

[DJ...]

As to brokers. When did I say that I hate them? Perhaps I mentioned Forex Brokers or Forex market makers as many are plain pyramid schemes run from dodgy countries.

When you completely misunderstood what it is that I did for a living, you accused me of being a broker and pretty much called me scum on the basis of some bullschit, warped misunderstanding of counterparty risk.

Regardless. I have absolutely had it with you on this forum. Every thread turns into a ten-pager correcting you and it is infuriating. No actual debate can be had here with you anymore, and others lose out because of it as well...

 

[Jehosefat]

A Market Crash like in 2008 was caused by banks debt being larger than their equity and they started failing. This was the start of the panic selling. This panic selling snowballed and fed on itself for many months and caused USA to go into recession. During this crash there were some up days that lasted only a few days till more bad news came out and back it went down.
Now you are seeing the Daily prices and thinking there were many corrections.

Every bank's debt is always larger than its equity. Significantly larger in fact. The average leverage ratio in South African banks is around 17 times (or 6% if you prefer it the other way around) and that is quite a lot lower than most of the large international banks.

 

[marco]

No, it wasn't. Jesus Christ, how is it that you can be so wrong so often and continue to post as if you're some sort of authority on the subject...?

Blasphemy my good man, will get you nowhere. You are a introvert with no friends and actually don't even want friends. Introverts are known to be ultra conservative in their investments and hate the fact most investors are beating them.
I read this somewhere on Google and it fits your profile.

 

[marco]

When you completely misunderstood what it is that I did for a living, you accused me of being a broker and pretty much called me scum on the basis of some bullschit, warped misunderstanding of counterparty risk.

Regardless. I have absolutely had it with you on this forum. Every thread turns into a ten-pager correcting you and it is infuriating. No actual debate can be had here with you anymore, and others lose out because of it as well...

Point me to that thread were I called you scum please. I have tried to befriend you but you keep debunking me and swearing at me. I am getting to a point where I think you don't like me.

 

[supersunbird]

Blasphemy my good man, will get you nowhere. You are a introvert with no friends and actually don't even want friends. Introverts are known to be ultra conservative in their investments and hate the fact most investors are beating them.
I read this somewhere on Google and it fits your profile.

And you fit the profile of a troll. Time to stop feeding the troll DJ.

 

[marco]

They are below R10 marco - that would be your very own definition.
168 shares on the JSE are penny stocks according to you.


So tell me again how many "corrections" CML had since inception??

Two so far and more to come. Now you might ask what is a correction. Well, a correction occurs when a stock gets overbought on the short term and corrects to get it back to it's normal trend.
Sometimes this would be -5% or up to -20% depending on how quick and high it went up.
Corrections may spook investors but they are actually benign and healthy for the continuous growth of the stock.

 

[Ou grote]

Two so far and more to come. Now you might ask what is a correction. Well, a correction occurs when a stock gets overbought on the short term and corrects to get it back to it's normal trend.
Sometimes this would be -5% or up to -20% depending on how quick and high it went up.
Corrections may spook investors but they are actually benign and healthy for the continuous growth of the stock.

I showed you 27 "corrections" by just having a quick look.
So stop talking bollocks please.

 

[marco]

When you completely misunderstood what it is that I did for a living, you accused me of being a broker and pretty much called me scum on the basis of some bullschit, warped misunderstanding of counterparty risk.

Regardless. I have absolutely had it with you on this forum. Every thread turns into a ten-pager correcting you and it is infuriating. No actual debate can be had here with you anymore, and others lose out because of it as well...

Point me to where I called you a Forex Broker please.

 

[marco]

I showed you 27 "corrections" by just having a quick look.
So stop talking bollocks please.

Oh Alfred. 27 corrections is a CRASH not corrections. You don't seem to understand the diffs between a correction and a market crash. Geez. I have explained this many times here and you STILL don't understand. I will only explain one more time and if you still cannot grasp it then I suggest you google it or ask your demigod DJ.

A correction is just that. A correction that often occurs when a stock rises more than normal and becomes overbought in the short term and CORRECTS to a level that is "NORMAL". Some schools of thought say a -5% is a correction and some say -10%.
If the stock tanks more than that, then it CRASHES to a value well below the actual value of the stock making it cheap. This is not considered as a CORRECTION.
Now in your mind, just try to think of the word "CORRECTION". Close your eyes and think of that word. It will slowly dawn on you that it means "CORRECTION". A good move on the stock to keep it sustainable in it's trend.

Now please forget October 2007 crash and your thinking of it as a CORRECTION.

You must also understand that stocks go up 1% and down 1% or more but they are not CORRECTIONS if down ONE day. So please stop talking BOLLOCKS.