Thursday, August 23, 2007

Stock Market

Something must have got into me.

It has been at least 7 years since I last bought shares.

On Monday, I called the broker can bought 2 Lots SIA Shares. That totalled to almost 35K.

I did not sell the 2 lots on that day as I was greedy I was hoping it will rise further. No, it did not.

I told Lem on Monday night that I bought shares and he sounded very worried for me as he dun want me to lose money. He asked me to sell it as soon as possible since I have no physical cash to hold the shares. Playing contra is a very dangerous way in Shares trading.

The next morning, I sold the shares at $17.60 per unit. That was $0.20 more than what I bought. I did not lose any money in this case.

I think I will only buy when the market crashes in end September.

May Buddha help me.

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