Quick Lesson: Contra vs Cash

There has been some people writing to me, telling me they have lost big money on contra.

Just like to send out a note to all readers that all my recommendations are not contra recommendations, but recommendations for the short (not contra short) to medium term.

And I've never had luck with contra. Everytime I do that, i see the price drop, and I'll do whats known as a "panic sell", and most of the time I'll see it rise above my buy price.

Buying contra is really like going to Genting (Highland), for a double or half (double cause most contra on more than their capital, hence 100% gain).

I won't recommend going contra. Its very vulnerable to daily market flauctuations.