Finished up with my trading for the year.
Net gain 10k. @ 25% returns annually... (pretty cool considering i was about to sell earlier but was hung up because of a faulty internet connection to my e-broker. that delay in selling bagged me about 1k extra cash.. i LIKE *mwuahahahaha*)
stock thoughts: decided to get the hell out of the market now - even though it looks more bullish then ever.
Many of the papers have begun the post new year doom-saying (predicting a feburary plunge) Unfortunately, the stock market isn't an exact science - negative consumer sentiment (as generated by an over cautious media) is going to hurt really badly in the next few months because "everybody" will believe in the stock slowdown. Its a vicious cycle that will perpetuate for a bit before recovery. It will screw in particular, short-term and small/medium investors (ie: me)
Other thoughts:
Mediflex - thats a stock that really puzzles me - first: for no apparent reason/good news, it triples in price in 2 months. Next, it recently issued a profit warning (which will be quite bad) and its takeover bid by rival glove company "topglove" is still unconfirmed. Yet, wow! the stock still rises!
If you like a rollercoaster stock. you can try playing this one. personally im sceptical or hamchee. i don't have the guts to play with entirely spectulative companies.
Topglove claims to be able to turn the company profitable in the next 6 months... We shall see. Mediflex has had almost 1.5 years of losses - Topglove had better be a magic enough pill to reverse the damage.
Tuesday, January 09, 2007
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1 comment:
I dun think so,mediflex(singapore) will turnaround soon & i think that it stock price is too low now.Topglove will turnaround it own 60% share of mediflex company.
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