In investing you can never be too sure about how the stock price would trend. Look at Sino Grandness which many friends once were sure would be a multi-bagger. It has gone nowhere in the last 12 months. Look at the chart.
The IPO of Garden Fresh was eagerly look forward to as the BIG Catalyst for the stock price, yet now there is uncertainty over whether the IPO will happen (this year, at least). The lesson again is, never be too arrogant about your stock's potential. If things pan out well, it's great and I am sure there was a good dose of luck involved.
Yes, I have to agree with you that SinoG is a very "slippery" stock. The price swings are highly unpredictable. I'm still vested, but have reduced my holdings.
You know what - I agree with you and I'm also fed up with investing in not just this counter but all S-chips, which appears to be like a cowboy town arena and is really quite unsuitable for value investors!
The climate of trust is just not there anymore (not sure if it was ever there in the first place as I am new to this game), and it messes up my quantitative valuation tools for stock picking because I always have to put in a negative loading when it's S-chips. So sad...
Just wish MAS and SGX would get their act together to straighten out our local investment environment, especially with regards to S-chips.
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