Tuesday, July 24, 2012

Some commentaries from ICapital - quite interesting

Was looking through ICap's 4th quarter report - quite interesting comment. Read below:

Meanwhile, ICap continues to hold RM134 million in cash. Between 29 Feb and 31 May 2012 there were no trades. So bloody easy their job, they would just stick to long term investment and call. Remember the saying, "It is much harder to find good stocks than finding bad ones."

The sale in most recent financial year was probably some units sale of F&N's shares, I believe.

It seems that the European economic calamities is causing havoc to the entire world. Yesterday's market in NYSE / Nasdaq and Europe were pretty precarious and it does not help when John Paulson predicted a 50% chance that Euro will collapse!

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