Friday, August 6, 2010

Sell HAIO?

Today HAIO stock price dropped significantly again. I bought in at RM3.5 2 days ago and today it was at ~RM3.3 translate to 6% lost for me. And my entire HAIO portfolio gain drop significantly as well. It wrote off about 55% of my gain. Should i still hold this position? is my Buy Hold strategy broken? One of my broker told me that investor were speculating some accounting fraud in HAIO after share split. I think if this true, it is very serious. Any way to detect accounting fraud? I think with my current CFA knowledge, i am still not able to detect this... share with me if you know anything about this.


The Snowball: Warren Buffett and the Business of Life The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition)Warren Buffett and the Interpretation of Financial Statements: The Search for the Company with a Durable Competitive Advantage