Perceptions are the truth

The last time i seen such an euphoria state of affairs was back in 2004. That happened not long after i discovered the world of Bulls and Bears.

Every IPO shot to the sky. Uncles and aunties were all excited about each IPO because they were money making opportunities. Back then, i stuck with counters like ACCS, Hiap Seng, ST Eng and even had some DBS. I was in for the long haul....i thought.

A decade later, i realise that your friends are not ones who can withstand shocks but those who make you the most money. These friendships are shortlive and its almost appropriate to say that you use each other for gains.

The market is a cycle. The folks who makes the most money within the shortest time are usually the biggest winners. The ones who gets left behind most prob got their CDP account over the past year or so... Ho Ho Hoo..

Regards
Lucas

Update

Just a quick one before i hit the road..
Ever wonder why so many companies are realeasing IPO these days? GLP.. MTI.. there is even talk about another mapletree offering in the pipeline in Nov (again linked to GIC)?

They seem to be rushing to meet a deadline.. i wonder what deadline.

Regards

Update Update

With the lot allocation and the price, the counter looks destined to be supported.
Current Buy and Sell price is $4.02 ( 18 bids) and $0.005 (1 bid).
Im going to assume that this will climb to $4 in the future. Just not very sure when.
Ho Ho Hoo...

Regards

Update Update Update

Just in case anyone thinks that the stock market is a fantastic place to be..

Yes, its indeed fun and exciting to see your counters rise by a couple of percentage points a day. But seriously... how much gain do you make? Is it really good money?

Assuming the average investor have 5 lots of ABC shares that cost $1. For it to rise 20% over the course of 6 months would yield you $1.2 and $1000 profit. IS that alot?

The more experienced folks would most prob have 30 lots of ABC shares that cost $1. After 6 months, its a tidy $6000 profit. Its good money and it gets you and your family a nice holiday in europe. However, the reverse is also true. In 6 months, you can lose 50% of your orignal capital. Thats a Whopping $15000.

So what? Dare you play big? Or contemplate with small punts? Most of us are better off concentrating on our daily jobs, really.

http://punyshrimp.blogspot.com/2010/04/post-no-941.html

Post no. 1000 soon.

Regards

Update Update Update Update

MIT unlike GLP did not sustain its upward trend on its 2nd trading day. I have lost a fortune.. i hope u didnt.

Regards

I spent the morning getting acquainted with funshion. While i was at it, i had 13 missed calls.

It was one of my superior. The 1st thing he asked when i called back was "How come you are uncontactable?"

Well, i have news..
Thats exactly how my wife and my mum felt for the past 5 years. =)

Live with it.

Regards