Bear to bear the Bear

And after dragging for so long, they finally bear to let the bear come out liao.

Blame it on greed then.. there exist nothing where everyone can gain at the same point in time. Meaning the summation of gain will equal to the summation of losses of all the traders combined since its IPO. Whatever is above or below the IPO price can be due to people still holding on to the stock, increased in 'fair value' of the company (becoz the co. invested in profit making businesses), speculations due to new information released (people buy and buy (or sell and sell) to increase (decrease) the bid, economic condition and the lack of liquid traders - especially in a bearish economy (they can make the % loss quite bad wor..), and a lot more reasons la.. maybe even the weather too.. the point is, so long as the co. is fundamentally sound (if the co. doh (collapse), then the remaining money will go to the creditors 1st.. that is another issue)and there is enough reason to believe that it will rebound (don't be toot enough to buy a bubble lor.. remember, their gain is YOUR LOSS.. bubbles won't rebound 1.. they burst only.. remember the dot coms?), then the strategy is holding long term. Of coz, the opportunity cost of holding the stock must be taken into account too.

That said, i think i'm quite toot to step into the casino realm.. coz they already trying to run le.. then i go catch the 'big change'.. and somemore didn't check the announcement.. so catch a very big 'big change'.. in the end, my 1st trade was my worst trade so far. But of coz (again), i still have this hope that everything would turn out fine once the casino are up.. but.. some investors are trying to build some other casinos in other parts of SEA.. so.. till then, who knows? Maybe really chwee le. So i bo bian got to hold.. coz the 1st day i acquire the stock, it fell by quite a bit.. so i had to hold.. so that i won't lose out on the transaction fees ($50 for buying and then selling online.. in the end it just got worse.. now with the bear out, the 'big change' is quite deep le.

Even before the bull starts to LS, i was already trying to sell off my other holdings. I woke up early in the morning, and submitted the order.. but it was never filled.. the bear came out that day.. and i've lost my window of opportunity that morning by 1 bid.. lol.. blame it on my greed then.

And when this economy gets more chwee, i think the even some of the still prime loans also will turn sub wor.. and then it just gets worse and worse.. and even worst is that some of the funds flow from the equity market to oil speculation.. the oil keeps raising and the equity kept dropping... and then no significant increase in oil production to keep prices down.. what if the market fails?

I don't know how long this all 'big changes' will last.. but i do hoped it won't be long. (just my opinion of the market these days.. i might be wrong too.. but, who cares?.. just don't hold me responsible for others' greed)