I have neither bought the shares of OSIM before nor have I ever had an interest in the company.
However, today I bought 20,000 shares of OSIM at S$1.42 for trading,
I visit various public forums to see if someone can share with me information/knowledge that I may lack. 99.99999999999999% of the time, I am disappointed.
If I can't gather the information/knowledge through my own research, it is almost impossible that I would be able to find the answers from the public forums!
Then, I began to think...maybe I should do the reverse (of what most people, at the public forums, are thinking)?
Today, I decided to give it a try.
I saw two postings on 2 separate public forums,
Clearly, these 2 postings were bearish on OSIM.
Then, I took a look at the chart of OSIM,
OSIM Daily chart updated till July 15, 2015.
I noticed that OSIM was making a new low when it was trading at S$1.415/S$1.42. So, I took the sellers and bought 20,000 shares at S$1.42.
I have observed that, ALMOST ALL OF THE TIME, when market participants exhibit extreme optimism or pessimism, the market starts to reverse.
And, indeed, OSIM closed at S$1.44 and I am now in the money.
So, Warren Buffett was right,