CXO:Medium to Long Term Hold, page-19

Hey Xin

Don't worry about others or what they do or say. You're getting upset for nothing and its only bad for your own health.

Regardless what we do or say here, share price will be pushed down by the traders because most retail investors are not experienced nor do they have the will.

Most of us used to be like this too so should know the things that plays on your mind when the red ink appears.

If everyone was the same and had the will and resilience to know when to hold or when to buy or sell, everyone would multi bag most stock. And we'd all be very rich everyone of us!

History says not many do or are successful at trading/investing - even if a company had great Fundamentals (not just talking about CXO) say recently even a PLS or KDR how many people multi bagged there unless they got really lucky or got in just at the right time.

There are only 2 types of investors (not traders) who make money:

1) Someone doing their research/homework - selects a company and trust their judgment and then buys low and holds - they cut out the noise in between and don't worry about fluctuations

2) Someone who is either really stupid/or ignorant/ or couldn't care less - they just get lucky and buy a stock someone recommends that happens to turn out good - they just hold and one day they check their portfolio and find out its multi bagged (trust me I had a friend who this on some stocks and didn't even know what the company was doing!! just got tips from a broker)

So what's the common denominator? if both of the people above bought into say PLS from the beginning and held - they get the same result.

so the moral is if it's a good company - BUY and HOLD!

End or parable...........have a good weekend all!!

Scooby