Chronicles of Ricky and other writings . . . . .

All we need to decide is what to do with the time that is given to us.
It's all in our mind,.. if you don't mind, it doesn't matter.



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Mon, 30 Apr 2007

Invest Update

by @ 09:43 05 pm. Filed under Invest

Had recently cashed out from the market during the March correction,.. could have maximize my profits but a little slow in doing so. Kinda costly as the diff is more than 20% difference. Main points;

 Ellipsiz did shot up to almost $1; alas, I exited ~78cts. FUCK!

Sunpower - despite my telling everyone else how great this counter was, I failed to listen to my own advise. The mistake cost more than 30% in opportunity cost - though I did managed to average >100% in returns. Win some, lose some.

Riverstone - a surprise! It returned above 20% and I gladly let it go.

MIIF - unfortunately I did not have the patience to wait after the div,.. could’ve close to 25% gain instead of just the 4% div.

My bad in predicting a major correction that failed to materialized. Clearly misjudged the strength of the bull!! :(

I might be too early afterall, the bull is looking stretched and the irrational enthuaism giving way. Gains are tapering off and the down trend may just started to set in. Unfortunately, I did re-entered two counters; Jasper and China Enersave - the former is a micro-penny at 2.5cts which might be not be an issue at all while the latter is suffering from paper loss. Greed can be blinding…

If the down trend does takes place, it then mirrors almost exactly what happened last year!


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