These are the ones buying into Bj Corp for year 2006
- TSVT started Buying Bj Corp at 10 sen
2 )Calvin bought at 12.5 sen
3 )Calvin’s Johor Buddy Mr. Goh bought at 12 sen (lowest entry price)
4) Bank Boss bought at 13 sen
5) Calvin’s Johor Sifu bought at 39 sen (He bought at highest at 39 sen after Bj Corp price retraced from 55 sen)
6) Segamat Mr Yeo bought at 26 sen
7) Goldman Sachs joined in the buying frenzy at 50 sen
8) Botak with 2 women refused to buy at 12.5 sen (But bought Bj Corp at Rm1.50 much much later)
So there were 8 groups of Players in Year 2006 to 2007
STORY OF BJ CORP (still under construction)
Please stay tuned…..
Below is a brief extract of the BJ CORP STORY
I Once posted in INVESTLAH until I was banned.
Yes! These Are Real Life Experiences. Both Mr. Ong and Mr. L Tan are still around. Mr. Laurence Tan owned 500,000 shares of PM Corp. Now I would like to Share Part 2 of BJ Corp Story. Part One is in ~ forum tread.
The Year was 2006. The Place OSK in Ros Merah, Johor. I bought 30 lots of Berjaya Capital at about 90 cents. After buying BJ Cap the price weakened. And stayed below 90 cents for quite some time. Then it rebounded to slightly above 90 cents. I decided to sell off BJ Capital in case it crashed below 90 cents again.
To my chagrin, BJ Capital went up all the way to RM3.00 & Vincent Tan took it private through BJ Corp. If only I had waited. Then BJ Corp also took Dunham Bush & COSWAY Private. But I was puzzled to see BJ Corp price remaining unmoved at 12.5 cents.
Then I noticed Vincent Tan exercising share buy back of BJ Corp. Finally, I saw the NTA of BJ Corp from negative turning to NTA of over RM1.00. I saw Vincent Tan’s no.1) Privatise 3 profitable companies 2) Buying own shares greedily in the absence of good news quietly 3) Transferring Cash into BJ Corp A/C.
So I bought 100,000 shares of BJ Corp at 12.5 cents. The Year was 2006. After buying I spoke to Mr. T… (sorry to withhold name). I think he has an MBA and a Chartered Accountant. Mr. T…. face turned green. He was speechless. Seeing his stunned reaction I turned to fellow investors and said the same thing, “I just bought BJ Corp 100,000 shares at 12.5 cents.” Immediately, I heard comments like, “Ha, that’s a con-man counter you have just bought.” What a terrible reception I got from them – these Johor Investors!!
Then, Mr. Goh, the Aircond Technician Boss said, “I also bought 100 lots of BJ Corp at 12 cents. Later, I was to learn that Mr. Goh looked at Charts. From Charts he entered BJ Corp at 12 cents. 1/2 cent less than me. My cost was 12.5 cents.
(By The Way, This Is The Same Mr. Goh Who Later Brought The PM CORP(4081) Chart To Us – The Johor Investors in Year 2006)
Then I met a May Bank Officer. She also bought BJ Corp at 13 cents (Price moved up due to Share Buy back)
Then I paid a visit to KN Kenanga, Pelangi Plaza. Here, I met a Very Hostile Gang of Three. They cursed & scolded VT because they LOST SO MUCH MONEY IN BJ CORP!! No use reasoning with them. What I heard was jarring to the ears. Only words of condemnation, “Con Man Counter cheated all their monies.” I left in no time.
Suddenly, there was a mini bull run in year 2006. BJ Corp shot up to 55 cents. So I was quite excited. However, to my surprise, our Friend Mr. Goh, the Chartist has also SOLD OUT BJ Corp at 19 cents! For a gross profit of RM7,000. You see, everyone around him told him VT is a con man. So inspite and despite of all his accurate charting, he sold just too early.
Then I met Lawrence Tan. He asked for tips. He got KPS and made some. Now BJ Corp has already run up to 55 cents from 12 cents. But as he watched BJ Corp prices started to correct and dropped from 55 cents to 39 cents. That’s it. He bought BJ Corp at 39 cents! But to his horror, after buying, BJ Corp continued to crash and retraced to a low of 26 cents only!!
I received a phone call from Mr. Yeo, Bumi Berjaya Used Car Boss from Segamat. Any good counters? BJ Corp, of course. Straightaway, he bought 100,000 shares at 26 cents.
Then BJ Corp Price rebounded to 36 cents. Mr. Yeo unload his 100 lots for a gross profit of RM10,000. So you see, Mr. Yeo bought BJ Corp at 26 cents and made RM10K gross compared to Mr. Goh who made only RM7K. Among all of us, Mr. Goh bought BJ Corp at the cheapest price at a rock bottom price of only 12 cents. But Mr. Goh also made The Least Money Because He Sold TOO EARLY.
One Day As BJ Corp Share Price crossed 50 cents, GOLDMAN SACHS Appeared In The Picture!! Now BOTH BJ CORP & GOLDMAN SACHS ARE BUYING BJ CORP. To this day I am still not sure – it is rumoured that Vincent Tan employed Goldman Sachs to push up BJ Corp Share Price.
However, L Tan who bought BJ Corp at 39 cents is now euphoric indeed. He chased BJ Corp from 50 cents all the way from 50 cents to RM1.00. He says, “Just follow Vincent Tan, if VT buys 1000 lots, follow behind him and buy 100 lots.” Of course, we dare not chase shares like Lawrence did.
In fact as the price of BJ Corp touched RM1.00 both the Maybank Officer and myself sold off all BJ Corp shares. But Lawrence was adamant. He was lonely and wanted me to join him. He asked me to buy back BJ Corp above RM1.00. So I bought back some BJ Corp shares at RM1.05 (I think I also have gone crazy by now.) Then as BJ Corp crosses RM1.50 Lawrence gave the signal to sell all!
Of the 5 Johor Investors, Lawrence Tan (Retired Accountant) bought BJ Corp the highest at 39 cents, but made The Most Money among all of us. He Bought A Shining Toyota Camry & showed us at OSK, Johor – his winnings from BJ Corp.
He was our hero and same Sifu who taught us, “If you have found a really good counter – don’t just nibble – HAMMER IT!”
Then Lehman Brothers’ Crisis Came & Gone.
About 3 years later, I visited KN Kenanga in Pelangi Plaza. Now I met the same Gang of Three. To My Great Surprise All Three Have Turned Very Bullish on BJ Corp. I asked them, “Why, when it was 12 cents they were so antagonistic and bearish. And now BJ Corp at RM1.50 they have turned so bullish. WHAT A GREAT CONTRAST!”
Well, they said Vincent Tan came out to say Officially that BJ Corp is undervalue. And he told the Public that he got a gaming license and will donate all the RM500 Million Gaming Profit to charity. Now do join us. Buy BJ Corp at RM1.50 and price will shoot up to RM2.50.
Of course, I dare not join them. I am Greedy When Others Are Fearful & Fearful When Others Are Greedy.
Now they started to Scold me for not buying. Very puzzling. They scolded me for telling them to buy at 12.5 cents. Now they Scold me for not joining them to buy at RM1.50. They said that the circumstances have changed. Now can buy.
Not long after BJ Corp crashed all the way to around 50 cents. As for the Gang of Three. They have disappeared from KN Kenanga, Pelangi Plaza.
This Is My Story About BJ Corp.