Nobody in the right mind would want a recession.. but when it happened, there's really nothing much an individual can do. Sadly (perhaps thankfully), i was a year late in graduating. By now, the landscape have changed so much that it is no longer easy to find the 'right' job. Nothing like this before.. not 911, not even sars.. and certainly not the 97 crisis can par. So what is it? 1929 in 2009?
As a retail investor, of coz i don't feel happy that my investments are gone like that. Yet on the macro scale, it isn't my wish to see the FIs suffer just becoz of this. Just really too bad that things had to turn out to be as such. Of coz there are certain individuals who really have to take a lot more responsibility then the general public. As such, the free market theory can no longer function under the influence of behavioral finance.
Why do 10,000 investor have to make a lot more s/h suffer? Actually, both parties are the victims - victims of this financial crisis. For who is really responsible, perhaps there is no answer. Finger pointing to history, might as well blame the ones who discover the new world.
Anyway, after the blood-letting of friday (of which IMO is over-reaction in the SR), it just proved that this is no ordinary crisis. Already on the way to 1600 pts and below, 50% of the index wiped out just a year after the bubble.
The usual crowd seems to be hibernating somewhere, even on a saturday. Something is not very right somehow.
Was at boiler today for a belated bday celebration of some sort. Of coz was very delighted in seeing my schoolmates, especially the OG of long ago. Really, i never regret joining the orientation camp 4 years ago, and i wondered whether is it possible to forge such ties in the jobbing world. Too much complications and competition, it won't be easy.
Finally having some hint on my path.. and perhaps might end up in the chocolate factory after all as a replacement. The greater future is too far to foresee, and it is my wish to be of some help after a quarter of a century. It was never the pay, for i owed too much. So long as the village (and the chocolate factory) is safe and sound, i will be very glad.
Will be very busy for the coming month due to some personal matter to attend to (i'm not getting married by the way...lol), and if i fail to attend to any bday celebrations, i will sms the bday wishes.. so no worries. Will only be free around december. And then the finale for this whole load is at NSC on 7th jan (perhaps later due to one more schedule and the outcome) the following year. Hopefully not something in the LR. In some way, it is not something to not worry about, yet it isn't something worth being sleepless over. I'm sure that 船到桥头自然直.
Showing posts with label Stockwatch. Show all posts
Showing posts with label Stockwatch. Show all posts
Sunday, October 26, 2008
Tuesday, October 07, 2008
Doh liao loh~
Just like the stock market today, MOS (sg) doh-ed today.
I guess it must have made no difference. Most crubs here are short-lived, with the exception of a few which are still around. The then MOS was so high-profiled, with different rooms offering different genre. For the usual crubs, the genre is determined by the day of the week. Then it was starting to get rather werid. Anyway, it isn't as fun as it was supposed to be.
Then the market doh-ed today, creating a new low of 2.1k+. It was almost on its way to 4k just last july. A zero sum game, the transfer of wealth must be great. Most likely, the rich got richer, the poor got poorer. As usual. But the stock market is supposed to be 'risky', to some extent, like a online casino with a in-house loanshark. You can always 'contra' even if you don't have the cash needed, and some time before the ban of naked shorting, opportunity to short shares even if you don't own the shares. Yes, very risky indeed. Even more risky is the trading in warrants (they got expiry date). I once saw a percentage gain/loss of 300% (in a day, and you can gain/lose the same % in that period of time).
Bonds are perceived as a lower risked investment (in at least of investment grade bonds) of coz offered lower rate of return of about 3-5%p.a.. and most likely, the bond is contracted to about 5 years. However however however.. the lehman bros that doh-ed made it all so much different. At least with the stock market (and also the sg insurance co.that attracted people to go there drink coffee), you still can choose to preemp by running first with the money. Lehman lei? No chance. You think people so free to check out on every entities linked to the product meh? If so, i might as well lend the money to the borrower directly and bypass the the FIs. FIs do delegate monitoring? pi ar~ Simi is value add? Value add is after people doh liao then call you say your money all gone?
But given the status of the bros when get involved in these bonds, sales staff will most likely to say/think, "will doh one meh?". Perhaps those willing to invest thought so too. Maybe investor didn't bothered to find out that if one doh, the bond is considered as default. Maybe they didn't even know got such thing.. coz what they see is how much interest income it offered in the next 5-7 years. And with some of the very strong local bank and one of the largest US commercial bank on the list, who cannot be assured? Can you blame the investors? No. Coz they don't really know what thing triggered what, and how will lehman be so involved and affected by the sub-prime toxic. And can you blame the sales for pushing sales? No either. Because nobody can forsee. And if they don't push sales, they won't get the pah pah bonus and all can go eat grass le. Perhaps you can only say they don't know how to sell through emphasizing on the downside enough. But who would sell like that?
I sell bedlinen also never really go tell the whole word that it is made in somewhere else, different from where is company is.. that is unless customers ask. If i go around telling people 'where it is made' instead of 'where it is from' (they are really different) i can go eat grass also le. But made in where is a commonsense question... but financial products are complex. Not commonsense. And it was made even more complicated with the multitude of FIs getting in the picture like forex and i/r swaps, underwriting, guaranteeing and all those fee services. If one link is broken, the product fails.. Cost nobody will want to tah the rubbish for free. Anyway, the money lost isn't theirs.. so the most they can do is say, "sorry".
I didn't say they sell financial products without telling the truth or misleading investors (if they do, most likely people will complain to the central bank le).. i'm just saying that some of them don't emphasize the risk enough. EMPHASIZE on the EMPHASIZE. By enough, maybe keep emphasizing on the entities and their role in the product.. and what will happen to the contract if there is any disruptions to the functions of each of them. No need to explain what is 5% pa. This is confirm commonsense (and most likely they will bold it in the pamphlets). Unless it is written return of 25% in five years, and principal amount not guaranteed. Then they need to emphasize the fine print le.
Maybe coz the sales staff (or 'relationship manager' as they like to call themselves and investors just as the rest of the depositors like to call themselves) didn't go into details that's why so many investors are unhappy. Unhappy that they want to go honglim park this saturday to protest. But.. protest against what? Against the FIs for saying the return is 5%pa, principal is not guaranteed, the risk that you can lose everything should anything under the 'defult section' of the prospectus occurs to any one of the entities? It sounds direct enough. But how many of investors know lehman well enough at that point in time to question the product? I guess that even some of the staff don't even know. At least for the pillowcase, the "made in *****" can be found inside the pillowcase.. and there is even a full refund policy within 30 days. So if anyone is so unhappy seeing the "made in" tag, they can always return the goods. For a full refund somemore. Where to find this feature in financial products? Early bird terminations means they will return less than what you put in.
It won't be a suprise to see how irritated the investors are at honglim park this weekend... coz some of them put their life savings (i've heard a case of one investor putting sgd200k) into these products. It's like suddenly losing your only house overnight. Remember they say don't put all your eggs in one basket? Diversification only works when disaster strikes. And in this case, one of the worse financial disaster of the century.
With that, i think the "equity premium puzzle" (that is why people still go for bonds even though the returns on equity is much higher after risk adjustment) should change to "bond default puzzle" (that is why people want to go for bonds given that you can lose everything overnight even though the risk is so much lower).
Well.. whatever works for those investors this coming sat.. hopefully they will feel better after that. If not, the corner can also go eat grass le.
I guess it must have made no difference. Most crubs here are short-lived, with the exception of a few which are still around. The then MOS was so high-profiled, with different rooms offering different genre. For the usual crubs, the genre is determined by the day of the week. Then it was starting to get rather werid. Anyway, it isn't as fun as it was supposed to be.
Then the market doh-ed today, creating a new low of 2.1k+. It was almost on its way to 4k just last july. A zero sum game, the transfer of wealth must be great. Most likely, the rich got richer, the poor got poorer. As usual. But the stock market is supposed to be 'risky', to some extent, like a online casino with a in-house loanshark. You can always 'contra' even if you don't have the cash needed, and some time before the ban of naked shorting, opportunity to short shares even if you don't own the shares. Yes, very risky indeed. Even more risky is the trading in warrants (they got expiry date). I once saw a percentage gain/loss of 300% (in a day, and you can gain/lose the same % in that period of time).
Bonds are perceived as a lower risked investment (in at least of investment grade bonds) of coz offered lower rate of return of about 3-5%p.a.. and most likely, the bond is contracted to about 5 years. However however however.. the lehman bros that doh-ed made it all so much different. At least with the stock market (and also the sg insurance co.that attracted people to go there drink coffee), you still can choose to preemp by running first with the money. Lehman lei? No chance. You think people so free to check out on every entities linked to the product meh? If so, i might as well lend the money to the borrower directly and bypass the the FIs. FIs do delegate monitoring? pi ar~ Simi is value add? Value add is after people doh liao then call you say your money all gone?
But given the status of the bros when get involved in these bonds, sales staff will most likely to say/think, "will doh one meh?". Perhaps those willing to invest thought so too. Maybe investor didn't bothered to find out that if one doh, the bond is considered as default. Maybe they didn't even know got such thing.. coz what they see is how much interest income it offered in the next 5-7 years. And with some of the very strong local bank and one of the largest US commercial bank on the list, who cannot be assured? Can you blame the investors? No. Coz they don't really know what thing triggered what, and how will lehman be so involved and affected by the sub-prime toxic. And can you blame the sales for pushing sales? No either. Because nobody can forsee. And if they don't push sales, they won't get the pah pah bonus and all can go eat grass le. Perhaps you can only say they don't know how to sell through emphasizing on the downside enough. But who would sell like that?
I sell bedlinen also never really go tell the whole word that it is made in somewhere else, different from where is company is.. that is unless customers ask. If i go around telling people 'where it is made' instead of 'where it is from' (they are really different) i can go eat grass also le. But made in where is a commonsense question... but financial products are complex. Not commonsense. And it was made even more complicated with the multitude of FIs getting in the picture like forex and i/r swaps, underwriting, guaranteeing and all those fee services. If one link is broken, the product fails.. Cost nobody will want to tah the rubbish for free. Anyway, the money lost isn't theirs.. so the most they can do is say, "sorry".
I didn't say they sell financial products without telling the truth or misleading investors (if they do, most likely people will complain to the central bank le).. i'm just saying that some of them don't emphasize the risk enough. EMPHASIZE on the EMPHASIZE. By enough, maybe keep emphasizing on the entities and their role in the product.. and what will happen to the contract if there is any disruptions to the functions of each of them. No need to explain what is 5% pa. This is confirm commonsense (and most likely they will bold it in the pamphlets). Unless it is written return of 25% in five years, and principal amount not guaranteed. Then they need to emphasize the fine print le.
Maybe coz the sales staff (or 'relationship manager' as they like to call themselves and investors just as the rest of the depositors like to call themselves) didn't go into details that's why so many investors are unhappy. Unhappy that they want to go honglim park this saturday to protest. But.. protest against what? Against the FIs for saying the return is 5%pa, principal is not guaranteed, the risk that you can lose everything should anything under the 'defult section' of the prospectus occurs to any one of the entities? It sounds direct enough. But how many of investors know lehman well enough at that point in time to question the product? I guess that even some of the staff don't even know. At least for the pillowcase, the "made in *****" can be found inside the pillowcase.. and there is even a full refund policy within 30 days. So if anyone is so unhappy seeing the "made in" tag, they can always return the goods. For a full refund somemore. Where to find this feature in financial products? Early bird terminations means they will return less than what you put in.
It won't be a suprise to see how irritated the investors are at honglim park this weekend... coz some of them put their life savings (i've heard a case of one investor putting sgd200k) into these products. It's like suddenly losing your only house overnight. Remember they say don't put all your eggs in one basket? Diversification only works when disaster strikes. And in this case, one of the worse financial disaster of the century.
With that, i think the "equity premium puzzle" (that is why people still go for bonds even though the returns on equity is much higher after risk adjustment) should change to "bond default puzzle" (that is why people want to go for bonds given that you can lose everything overnight even though the risk is so much lower).
Well.. whatever works for those investors this coming sat.. hopefully they will feel better after that. If not, the corner can also go eat grass le.
Thursday, September 18, 2008
Glimmer
Finally something not as gloomy.
The STI managed to climb back from the negative after lunch amid some positive news. The central banks pumped in more liquidity, and the remaining banks are on their way to mergers. Plus, some markets are putting a temporary halt to short-selling (which drives the share down by selling first and then buying back the shares at a lower price). They could have done all these sooner rather than to allow the market to 'correct' itself. IMO, i don't believe in the invisible hand of market, for there are none. It is driven by "hope, greed and fear".. and with these emotions, nothing will work to models and assumptions.
Excessive long buying will create bubbles where only the greatest fool loses out (the last one to own the stock and finding no other buyers at that price), while excessive shorting spooks the market, and cause others to short even when it is irrational. People are just too afraid of losing than gaining even if the probability is 50/50 (loss aversion under behavioral finance). This makes short selling a very common strategy during times of crisis (when you get a lot of people doing short selling) making it a self-fulfilling prophecy and it is enough to bring an institution down (hence creating all the shockwaves and all the clearing up in years to come). Of coz, there are those who are critical of behavioral finance, but that is IYO (In your opinion).
Maybe the financial market evolved too much that it is very difficult to untangle all the mess now. And the current solution - pump in more money (money comes from tax payers mind you) and let them (the assets) slowly recover.. really slowly, like that of the japan economy will take decades.. just because some of the FIs anyhow lend.. a bit papaya lor.
The STI managed to climb back from the negative after lunch amid some positive news. The central banks pumped in more liquidity, and the remaining banks are on their way to mergers. Plus, some markets are putting a temporary halt to short-selling (which drives the share down by selling first and then buying back the shares at a lower price). They could have done all these sooner rather than to allow the market to 'correct' itself. IMO, i don't believe in the invisible hand of market, for there are none. It is driven by "hope, greed and fear".. and with these emotions, nothing will work to models and assumptions.
Excessive long buying will create bubbles where only the greatest fool loses out (the last one to own the stock and finding no other buyers at that price), while excessive shorting spooks the market, and cause others to short even when it is irrational. People are just too afraid of losing than gaining even if the probability is 50/50 (loss aversion under behavioral finance). This makes short selling a very common strategy during times of crisis (when you get a lot of people doing short selling) making it a self-fulfilling prophecy and it is enough to bring an institution down (hence creating all the shockwaves and all the clearing up in years to come). Of coz, there are those who are critical of behavioral finance, but that is IYO (In your opinion).
Maybe the financial market evolved too much that it is very difficult to untangle all the mess now. And the current solution - pump in more money (money comes from tax payers mind you) and let them (the assets) slowly recover.. really slowly, like that of the japan economy will take decades.. just because some of the FIs anyhow lend.. a bit papaya lor.
Financial Shockwave
At some point in time, i thought i was immune to the financial crisis at the other side of the globe. Who knows, the shock wave hit me faster than i thought, directly. And i wasn't even talking about the local stock market or my jobbing prospect yet.
They say never to put all eggs in a basket, but they didn't say not to put different eggs into the same basket. And that had somehow made me think that i've yet retained for another year and retaking 3 extra modules. As always, the feeling of losing something won't feel good, as with losing anything.
And i almost forgot... lehman bros, you good huh..
Anyway, the market continued to bleed, with those wounded now also dying.. which leads more being wounded. In the end, those with the ability to end all these will come in and rescue/raid the ailing companies that is considered a bargain. But, IMO nobody will want to act now.. the problem will only get worse, and more confidence shaken and ending up with less money in the financial markets... until they decide that enough is enough.
Now they didn't even want to lend, as signaled by the IBOR, for fear of the ultimate fool. The problem is, no matter who lends who, the money is from someone else.. and then it will have the domino effect if the ultimate fool fails. IMO, i think they themselves can cause more damage to their economy than any other.
Today the STI LSed again, with the biggest drop of the week (as at 12.30pm) with over 100pts of drop. To date, over 1k pts was wiped off since the last peak. I guess all these will be the future textbook context when it all ended.
They say never to put all eggs in a basket, but they didn't say not to put different eggs into the same basket. And that had somehow made me think that i've yet retained for another year and retaking 3 extra modules. As always, the feeling of losing something won't feel good, as with losing anything.
And i almost forgot... lehman bros, you good huh..
Anyway, the market continued to bleed, with those wounded now also dying.. which leads more being wounded. In the end, those with the ability to end all these will come in and rescue/raid the ailing companies that is considered a bargain. But, IMO nobody will want to act now.. the problem will only get worse, and more confidence shaken and ending up with less money in the financial markets... until they decide that enough is enough.
Now they didn't even want to lend, as signaled by the IBOR, for fear of the ultimate fool. The problem is, no matter who lends who, the money is from someone else.. and then it will have the domino effect if the ultimate fool fails. IMO, i think they themselves can cause more damage to their economy than any other.
Today the STI LSed again, with the biggest drop of the week (as at 12.30pm) with over 100pts of drop. To date, over 1k pts was wiped off since the last peak. I guess all these will be the future textbook context when it all ended.
Wednesday, September 17, 2008
Sequential Service Constraint
Wow.. 1st time seeing the "sequential service constraint" problem happening right at home. Just not very serious, coz as all FI (Financial Institutes) operates, they are heavily regulated, especially in sg context. So by running at the FI, people make it more difficult for them to survive, and you can say it is a "self fulfilling prophecy". Take all the money out liao then how can they make money to survive? Certain amount are invested in long-term asset.. which means when people withdraw their money, they are creating liquidity problems for the FIs. As such, the FI got either to borrow short term from the central bank or sell their assets (which might not fetch as much now).. so in the end, they will lose out.
I think i can write an entire essay lor.. haha.. how come when i take my exam that time the financial world wasn't that 'happening' ar?
I think i can write an entire essay lor.. haha.. how come when i take my exam that time the financial world wasn't that 'happening' ar?
Tuesday, September 16, 2008
Chapter 11
By now, the news of Lehman, Merrill and AIG is covering most of the news headlines (at least on the cnbc).
Lehman doh-ed under chapter 11 (reorganisation) of the bankruptcy code today while AIG is seeking bridge loans. Merrill on the other hand seems to be 'rescued' by the Bank of America.
I don't know whether if i'm fortunate or unfortunate to be living through as what was described at the "worst economy crisis in a hundred years". I wondered if the great depression of 1929 can even par this. Why is the economy so susceptible to bubbles? Of all the proposed explanations, i liked the "greater fool" theory best. It seems, a lot of people are 24/7 optimistic about anything and everything. Optimistically optimistic that there are a lot more 'fools' out there. And if it rang any bell, you can see it in some 'business models' that required you to recruit more people in order to earn more.
The sub-prime might be similar to the economy bubble of japan, and that already took quite a while to 'recover'. As with that bubble, the sub-prime crisis might also take some time.
Perhaps all will be well IMO in 2 - 3 years (i'm being the fool here), maybe longer depending on whether anymore of them want to doh. Even if banks are no longer exposed to those assets, the whole movement of 'investments' might take some time to return. Just be thankful that people are not starting to run at the banks. Meanwhile, it all translate to more bull ls tomorrow. IMO, i don't think it is any time to enter the market if the strategy is long term. However, short term hit-and-run strategy is still possible, even to the extend of 'short-selling'. Why not? Opportunities are plentiful in bull or bear, just that the window is smaller.
Lehman doh-ed under chapter 11 (reorganisation) of the bankruptcy code today while AIG is seeking bridge loans. Merrill on the other hand seems to be 'rescued' by the Bank of America.
I don't know whether if i'm fortunate or unfortunate to be living through as what was described at the "worst economy crisis in a hundred years". I wondered if the great depression of 1929 can even par this. Why is the economy so susceptible to bubbles? Of all the proposed explanations, i liked the "greater fool" theory best. It seems, a lot of people are 24/7 optimistic about anything and everything. Optimistically optimistic that there are a lot more 'fools' out there. And if it rang any bell, you can see it in some 'business models' that required you to recruit more people in order to earn more.
The sub-prime might be similar to the economy bubble of japan, and that already took quite a while to 'recover'. As with that bubble, the sub-prime crisis might also take some time.
Perhaps all will be well IMO in 2 - 3 years (i'm being the fool here), maybe longer depending on whether anymore of them want to doh. Even if banks are no longer exposed to those assets, the whole movement of 'investments' might take some time to return. Just be thankful that people are not starting to run at the banks. Meanwhile, it all translate to more bull ls tomorrow. IMO, i don't think it is any time to enter the market if the strategy is long term. However, short term hit-and-run strategy is still possible, even to the extend of 'short-selling'. Why not? Opportunities are plentiful in bull or bear, just that the window is smaller.
Friday, September 12, 2008
Got NOR
Took it quite a while to reach, so long that i didn't even want to check the mail liao.
Anyway, my result slip is here, and 'as expected' they typed it correctly.. lol.. don't know to be glad or sad.
Finally over!.. and it was all because of that 3 mods that cost me an additional year.. and one of them was because i absent myself after a 2 week break. It was my last paper lor... If only i just need to retake 2 in my 3rd year... Overall quite a stupid move, but given that year 'plentiful', it's difficult to focus. Ok la.. my fault, and i've paid for it with an additional year and additional school fees too.
Everything seems to be with timing. Graduate also like that, choose modules also like that, and all the more, buy shares also like that. Correct move, wrong time, also gone.
Today the STI rallied down again, after the profit takings, and also the reduced oil production (cut in supply to maintain price = demand is falling = slowdown in growth), falling euro (in order to make exports competitive = falling export = slowdown in growth), plus the chwee-ing of lehman (one of the more hard hit negative news of the week, even though fred and fan was rescued). Today it fell 80 over points, and there is no signs of the economy recovering. Of coz, IMO, i'm quite pessimistic about the economy coz the financial system is integrated across nations. One bank chwee can lead to another bank chwee-ing.. in the end a lot of them chwee, then people get no money to start new biz and they chwee also. Then those that invest in their shares also chwee. Chwee until the point when it can chwee no longer, then perhaps they will be happy. Anyway, i wonder where all the money since before the sub-prime went to. Money can just disappear 1 meh? Surely it must have gone somewhere.. perhaps into the developers' pocket of those estates. In conclusion, the rich just get richer (that is exclude the banks.. they suay la).
Anyway, maybe i might end up in some banks too.. coz i seriously wonder what my degree can do other than banking and finance (becoz it is banking and finance).. or maybe i should go learn how to groom dogs? LOL.. (never work with animals or kids). Haiz.. the coming of NOR means quite a lot wor.. for one, my degree is confirm (it should already but i just want the hard copy to verify) and then, it's time to adjust to a different mode.. afterall, it was one whole year of this kind of lifestyle (or maybe it was 4 since the beginning of my SIM days).. and it is rather challenging to change suddenly. Arr.. i don't want to leave the 'shire'.
Still, a CFG performance coming up on saturday at ICA, we'll be a part of the whole performance playing 2 pieces - xiao ding dang and japanese graffiti iv (without repeats). So.. will you be there?
Anyway, my result slip is here, and 'as expected' they typed it correctly.. lol.. don't know to be glad or sad.
Finally over!.. and it was all because of that 3 mods that cost me an additional year.. and one of them was because i absent myself after a 2 week break. It was my last paper lor... If only i just need to retake 2 in my 3rd year... Overall quite a stupid move, but given that year 'plentiful', it's difficult to focus. Ok la.. my fault, and i've paid for it with an additional year and additional school fees too.
Everything seems to be with timing. Graduate also like that, choose modules also like that, and all the more, buy shares also like that. Correct move, wrong time, also gone.
Today the STI rallied down again, after the profit takings, and also the reduced oil production (cut in supply to maintain price = demand is falling = slowdown in growth), falling euro (in order to make exports competitive = falling export = slowdown in growth), plus the chwee-ing of lehman (one of the more hard hit negative news of the week, even though fred and fan was rescued). Today it fell 80 over points, and there is no signs of the economy recovering. Of coz, IMO, i'm quite pessimistic about the economy coz the financial system is integrated across nations. One bank chwee can lead to another bank chwee-ing.. in the end a lot of them chwee, then people get no money to start new biz and they chwee also. Then those that invest in their shares also chwee. Chwee until the point when it can chwee no longer, then perhaps they will be happy. Anyway, i wonder where all the money since before the sub-prime went to. Money can just disappear 1 meh? Surely it must have gone somewhere.. perhaps into the developers' pocket of those estates. In conclusion, the rich just get richer (that is exclude the banks.. they suay la).
Anyway, maybe i might end up in some banks too.. coz i seriously wonder what my degree can do other than banking and finance (becoz it is banking and finance).. or maybe i should go learn how to groom dogs? LOL.. (never work with animals or kids). Haiz.. the coming of NOR means quite a lot wor.. for one, my degree is confirm (it should already but i just want the hard copy to verify) and then, it's time to adjust to a different mode.. afterall, it was one whole year of this kind of lifestyle (or maybe it was 4 since the beginning of my SIM days).. and it is rather challenging to change suddenly. Arr.. i don't want to leave the 'shire'.
Still, a CFG performance coming up on saturday at ICA, we'll be a part of the whole performance playing 2 pieces - xiao ding dang and japanese graffiti iv (without repeats). So.. will you be there?
Tuesday, September 09, 2008
No NOR
Today i went downstairs to check the mail, but no NOR (notification of results) yet. My friend already got it.. so perhaps it'll be here tomorrow. After which, i have absolutely no excuse le. I know i've been procrastinating on finding a job, and i've given all sorts of excuses.. and i've got loads of them still.
Bear time must hold more cash wor.. so don't anyhow spend. Wait for opportunity and then invest in one good company to maximize wealth. Notice the word is invest, not bet hor. All the salary earned will be eroded by inflation sooner or later. Finance like econs, is quite difficult lor.. coz there are always 2 sides to every story. So oil prices falling is bad news.. depending on the 'majority' of people siding each view (and hence sliding the market direction). They win by numbers. So Mac and Mae got 'rescued' and the STI chiong until don't know like what.. maybe only to chwee a few days later when people starts taking out profit. You'll never know and i'll never know too.. if not i can really forget about going to work and just sit by my comp every morning waiting to earn 3k in an hour (a joke shared by my friend). If only it was so easy, then i can forget about buying toto too.
My hair got shorter by the day.. if this keeps on, i'll be botak before i know it. With a short short haircut, my face looks super plump.. for the 1st time. Suddenly had so much to zhng before work starts, and perhaps, i might take down feature one of these days. Been putting on 3kgs since the euros, and now i couldn't stand hunger pangs. And now i crave for the ribeye steak i saw 2 saturdays back.
And now then i know that pakki got 'special attention' that day at the groomer's. He was giving some treats to take home too. Only he got.. coz the groomer said pakki was very cute. Most probably is the toot haircut he got when my sis tried to DIY. No wonder he seems so happy.
Bear time must hold more cash wor.. so don't anyhow spend. Wait for opportunity and then invest in one good company to maximize wealth. Notice the word is invest, not bet hor. All the salary earned will be eroded by inflation sooner or later. Finance like econs, is quite difficult lor.. coz there are always 2 sides to every story. So oil prices falling is bad news.. depending on the 'majority' of people siding each view (and hence sliding the market direction). They win by numbers. So Mac and Mae got 'rescued' and the STI chiong until don't know like what.. maybe only to chwee a few days later when people starts taking out profit. You'll never know and i'll never know too.. if not i can really forget about going to work and just sit by my comp every morning waiting to earn 3k in an hour (a joke shared by my friend). If only it was so easy, then i can forget about buying toto too.
My hair got shorter by the day.. if this keeps on, i'll be botak before i know it. With a short short haircut, my face looks super plump.. for the 1st time. Suddenly had so much to zhng before work starts, and perhaps, i might take down feature one of these days. Been putting on 3kgs since the euros, and now i couldn't stand hunger pangs. And now i crave for the ribeye steak i saw 2 saturdays back.
And now then i know that pakki got 'special attention' that day at the groomer's. He was giving some treats to take home too. Only he got.. coz the groomer said pakki was very cute. Most probably is the toot haircut he got when my sis tried to DIY. No wonder he seems so happy.
Friday, September 05, 2008
Oil Run
Whoa. They said it was a bull run a few days back. Now it was bull sh*t.
The STI ls-ed like nobody's business even though oil eased for quite some time. And strangely enough, it was the easing that caused the bloodshed. Profit being compromised due to a lower crude price.. it shows how cabbage we really are.
And oil, makes man city a serious contender for the title this time round with the injection of funds from new owner. Now they can buy like mad.
The STI ls-ed like nobody's business even though oil eased for quite some time. And strangely enough, it was the easing that caused the bloodshed. Profit being compromised due to a lower crude price.. it shows how cabbage we really are.
And oil, makes man city a serious contender for the title this time round with the injection of funds from new owner. Now they can buy like mad.
Friday, July 04, 2008
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)
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)
Saturday, April 12, 2008
早知道
Just received the forms to open trading account.. perhaps won't be using the older account after this is activated.
Had not been monitoring the stock market, coz of the fluctuations. Actually, some might consider this as an opportunity.. but IMO, i prefer to take a long term stand. (coz my funds are limited, and whatever that i might earn, some will go to the transaction) Of coz, if there is additional fund, why not? Some of them are really good bargain wor.. even if really the bear come and LS, it still won't be that bad.
It can be very tempting though.. so the best is, not to monitor.
There are a lot of 早知道 in this case.. if really can 早知道, then there won't be anyone trading lo.. coz if everyone has the same view, who is there to sell? But really eh.. sometimes sell too early, then a bit regret also.. but if don't sell, don't know will drop somemore or not.. then like that, no need to sell liao lor.. just buy and buy can le.
早知道就不买不卖，什么都不要。
32 more days to my 1st paper.. zzzzzz.
Had not been monitoring the stock market, coz of the fluctuations. Actually, some might consider this as an opportunity.. but IMO, i prefer to take a long term stand. (coz my funds are limited, and whatever that i might earn, some will go to the transaction) Of coz, if there is additional fund, why not? Some of them are really good bargain wor.. even if really the bear come and LS, it still won't be that bad.
It can be very tempting though.. so the best is, not to monitor.
There are a lot of 早知道 in this case.. if really can 早知道, then there won't be anyone trading lo.. coz if everyone has the same view, who is there to sell? But really eh.. sometimes sell too early, then a bit regret also.. but if don't sell, don't know will drop somemore or not.. then like that, no need to sell liao lor.. just buy and buy can le.
早知道就不买不卖，什么都不要。
32 more days to my 1st paper.. zzzzzz.
Saturday, April 05, 2008
Inflated
Been listening to a lot of wind band recordings, including the 2001 WMC performed by SWE. Was kind of having that kind of interest in wind band.. just like when i was in sec 2.
A lot of nice songs, especially those of that era, mostly from the j-drama wor. Tried "diamond dust" on my trumpet, with midi background.. ahahha.. instrumental ktv leh. It was written a sax solo, but trumpet solo also sound as nice.. especially 'live' de.. hahaa. Discovered that my fingers are too long for the trumpet.. ahahaha.. a bit slow leh.. lol.
Aww.. i want to be a trumpet player in a wind band leh.. lol.. (orchestra de trumpet no business one.. lol.. and listen to classical can fall asleep de) Plus, my trumpet never had any chance of performing since it was acquired in 1997.. lol.. 11 years le leh.. and still looks as new.
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ok la.. the camera quality is bad.. hahaa.. but this is my 1st bao bei..
The other time, i played for a while and i got bored. It was too difficult for me le.. coz this wasn't a students' model.. intemediate level de wor.. the tone will sound quite bad if one didn't have the required skill to tame it. But now, it's so fun lor.. haha.. especially i also got a digital wind band supporting me.. muahahaa... maybe the turnover rate of my neighbours will increase.
Was watching guessx3 and it was about meimeis that plays instrument de wor.. ahahaa.. and the 1st player was a flautist, and she played the "flight of the bumble bee".. lol.. wondered when will i be able to play this piece on either my bao bei horn or bao bei trumpet.. lol.
Been eating quite a bit these few days, and i saw my weight coming back.. hahaha.. stupid sore throat kills my fat away.. zzz.. and it took me so long to recover lor.. and then now i kept eating and eating.. and i found this box of green tea chocolate hidden in the store. Chocolate and green tea cannot match leh...
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Meiji chocolate is still nice, regardless of the flavor.
Received the AGM form from Genting int.. lol.. i'm one of it's shareholder.. minor minor de.. lol.. so fun lor.. my 1st equity investment, and already a lot of stuns experienced. Had been through rights issue, bull run, and the coming bear too. Lots of judgemental error on my part, but thankfully, it was just a small small investment. Learnt something in the process, and the conclusion i had was, luck is still one of the more important factor. (kena brain washed by the Investment Management (IM) module le)
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With it, the annual report also.. lol.. and with the Financial Reporting (FR) Module, at least i have some idea wor.. my point is.. i've paid soooooo much for my degree.. it'll be a waste if i can't use it.
Been inflating quite a bit.. hahaha.. coz i just realised something.. it's just so easy.. so easy.. oooo.
A lot of nice songs, especially those of that era, mostly from the j-drama wor. Tried "diamond dust" on my trumpet, with midi background.. ahahha.. instrumental ktv leh. It was written a sax solo, but trumpet solo also sound as nice.. especially 'live' de.. hahaa. Discovered that my fingers are too long for the trumpet.. ahahaha.. a bit slow leh.. lol.
Aww.. i want to be a trumpet player in a wind band leh.. lol.. (orchestra de trumpet no business one.. lol.. and listen to classical can fall asleep de) Plus, my trumpet never had any chance of performing since it was acquired in 1997.. lol.. 11 years le leh.. and still looks as new.
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ok la.. the camera quality is bad.. hahaa.. but this is my 1st bao bei..
The other time, i played for a while and i got bored. It was too difficult for me le.. coz this wasn't a students' model.. intemediate level de wor.. the tone will sound quite bad if one didn't have the required skill to tame it. But now, it's so fun lor.. haha.. especially i also got a digital wind band supporting me.. muahahaa... maybe the turnover rate of my neighbours will increase.
Was watching guessx3 and it was about meimeis that plays instrument de wor.. ahahaa.. and the 1st player was a flautist, and she played the "flight of the bumble bee".. lol.. wondered when will i be able to play this piece on either my bao bei horn or bao bei trumpet.. lol.
Been eating quite a bit these few days, and i saw my weight coming back.. hahaha.. stupid sore throat kills my fat away.. zzz.. and it took me so long to recover lor.. and then now i kept eating and eating.. and i found this box of green tea chocolate hidden in the store. Chocolate and green tea cannot match leh...
.jpg)
Meiji chocolate is still nice, regardless of the flavor.
Received the AGM form from Genting int.. lol.. i'm one of it's shareholder.. minor minor de.. lol.. so fun lor.. my 1st equity investment, and already a lot of stuns experienced. Had been through rights issue, bull run, and the coming bear too. Lots of judgemental error on my part, but thankfully, it was just a small small investment. Learnt something in the process, and the conclusion i had was, luck is still one of the more important factor. (kena brain washed by the Investment Management (IM) module le)
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With it, the annual report also.. lol.. and with the Financial Reporting (FR) Module, at least i have some idea wor.. my point is.. i've paid soooooo much for my degree.. it'll be a waste if i can't use it.
Been inflating quite a bit.. hahaha.. coz i just realised something.. it's just so easy.. so easy.. oooo.
Tuesday, January 29, 2008
Long Time No Sick
Its been a while since i last fell ill. Maybe too long never ill, hence this time it lasted quite a while. Coughing and having flu.. plus stomach getting weak also... already almost 2 weeks le, and non of the liang teh and cough drops seems to help. I guess, it must have been the late nights and irregular eating hours. My bio clock seems to be in a mess these days. Quite irritated lo.. plus cny coming soon, and i don't want to miss any of the good food.
Semester ending soon, and i am still clueless of IM.. ahahahaa... wonder what i've been doing.. sigh.. and now feeling so illish, i also won't know whether got time to study for friday's FR test or not.
Almost 15 years living in this estate - from industrial estate to the so-called 'villa' after the upgrading.. and finally there is going to be a train station! Yay~ Hahaa.. and i think is 2 of them! Yay yay~ one of them which is due to complete next year, is near one of the top JC in sg.. and the other, although that station is set to bear the name of my neighbourhood, will be near the 'up the lorry' hub.. if i'm not wrong. LOL.. 塞翁失马 leh... but then again, this newer line will be completed 2020~ lol.. by that time, i might have my own car le. If they really can improve the whole public transport system, maybe i can consider. Just imagine this lor.. from central to west need 1.5 hours.. if i drive, the most is 0.5 hours.. who will want to take some bus that seems more intent on bringing passangers on a sight-seeing ride? Just last friday, IM lesson ended half hour early.. and the naive me thought that i could reach home at least 30 mins earlier, if not more.. but who knows? Stupid buses took a whole half hour to reach, and then like every busstop is packed with half hours' worth of sardines. In the end i reached home LATER than usual... LOL.. It seems strange.. during the non-peak hour, the frequency of the bus is 38 mins! and during peak hours, you can't even get on the bus.. no wonder la.. no wonder the road is so packed with private cars.
Market is volatile these days.. and some say that it's a good time to enter.. IMO, the economy doesn't seems too strong... well, if the strategy is to hold long term, then maybe can invest lo.. provided there is no need of the cash in the near future. There is opportunity cost involved.. and learnt from IM, the best strategy for liquid traders is to hold long term.. which means that, if you don't have superior information - either through extensive research or whatever (by the way, insider trading is illegal.. but then again, the law of large numbers will always win... so who has the most money wins lor), holding long term should be relatively safe. If not, i see no difference from betting big/small. Too bad i didn't major in econmics.. lol.. because they are always right.. for whatever that happened, they always have a reason... 马后炮 i think.. hahaa... And then as if the FIs are not busy with the fallout of the subprime crisis.. there is another pro involved in a trading fraud. The amount surpasses that of the famous nick leeson.. an amount totalling 7 billion. LOL.. 7 billion leh.. is he pro or what? Amazing.
Sigh.. sick liao not a very nice feeling.. like everything also no strength to do.. wondered will the flu bug pass on to the critters at home or not? Hahaa.. 9 days into the molting, grande should be doing well ba.. so are the rest. Even bacon is doing well.. seems like he gained weight again. I on the other hand, have been losing weight.. sigh.. do hope i can recover soon.
Semester ending soon, and i am still clueless of IM.. ahahahaa... wonder what i've been doing.. sigh.. and now feeling so illish, i also won't know whether got time to study for friday's FR test or not.
Almost 15 years living in this estate - from industrial estate to the so-called 'villa' after the upgrading.. and finally there is going to be a train station! Yay~ Hahaa.. and i think is 2 of them! Yay yay~ one of them which is due to complete next year, is near one of the top JC in sg.. and the other, although that station is set to bear the name of my neighbourhood, will be near the 'up the lorry' hub.. if i'm not wrong. LOL.. 塞翁失马 leh... but then again, this newer line will be completed 2020~ lol.. by that time, i might have my own car le. If they really can improve the whole public transport system, maybe i can consider. Just imagine this lor.. from central to west need 1.5 hours.. if i drive, the most is 0.5 hours.. who will want to take some bus that seems more intent on bringing passangers on a sight-seeing ride? Just last friday, IM lesson ended half hour early.. and the naive me thought that i could reach home at least 30 mins earlier, if not more.. but who knows? Stupid buses took a whole half hour to reach, and then like every busstop is packed with half hours' worth of sardines. In the end i reached home LATER than usual... LOL.. It seems strange.. during the non-peak hour, the frequency of the bus is 38 mins! and during peak hours, you can't even get on the bus.. no wonder la.. no wonder the road is so packed with private cars.
Market is volatile these days.. and some say that it's a good time to enter.. IMO, the economy doesn't seems too strong... well, if the strategy is to hold long term, then maybe can invest lo.. provided there is no need of the cash in the near future. There is opportunity cost involved.. and learnt from IM, the best strategy for liquid traders is to hold long term.. which means that, if you don't have superior information - either through extensive research or whatever (by the way, insider trading is illegal.. but then again, the law of large numbers will always win... so who has the most money wins lor), holding long term should be relatively safe. If not, i see no difference from betting big/small. Too bad i didn't major in econmics.. lol.. because they are always right.. for whatever that happened, they always have a reason... 马后炮 i think.. hahaa... And then as if the FIs are not busy with the fallout of the subprime crisis.. there is another pro involved in a trading fraud. The amount surpasses that of the famous nick leeson.. an amount totalling 7 billion. LOL.. 7 billion leh.. is he pro or what? Amazing.
Sigh.. sick liao not a very nice feeling.. like everything also no strength to do.. wondered will the flu bug pass on to the critters at home or not? Hahaa.. 9 days into the molting, grande should be doing well ba.. so are the rest. Even bacon is doing well.. seems like he gained weight again. I on the other hand, have been losing weight.. sigh.. do hope i can recover soon.
Wednesday, January 16, 2008
Poor Wor..
4 more lectures and it'll be time to prepare for mocks. Just paid nearly 1.6k for the papers alone.. and my bank got reduced by the same amount. All in all, i've spent around 5k more because i retained... and so this year i must really pass.. and attain a lower.. if not, the addtional time and money spent will all go down the drain le. Not as if i enjoyed being a student so much, especially when the cashflow is constantly bugging.. and there isn't any inflow since a long long time.. wondered when i'll go broke. Decided not to attend lectures given by the lecturers from UK.. partly coz i want to save the $50 per lesson.. and also coz i won't really have the time to ponder over the additional lecture materials.
And then the Bull is lao sai-ing.. almost can see the bear de head liao. Everyday seems like a new low (don't know whether the revised index had anything to do with it).. lol.. whoever said that the old STI would break 4k by the end of 2007 is a real genius. But who would have thought.. the lowering of rates due to the credit squeeze, rising fuel prices, shortage of food supply and so on would have flown into the inflation pool.. and then suddenly some agree that it might be worthwhile to realise their gains ASAP. When the BB unload, those retail go pick.. and the BB throw somemore.. and a bit more.. how not to get new lows like that? But then again, it's all a cycle.. and those with the cash to invest might see some new opportunity to kio some 'bargains'.. and especially when the FIs are in need of cash.
Now i really know what is 'leong'. LOL.. and my small small investment also shrink.. luckily my 2nd decision seems to be better.. lol.. at least something learnt.
Poor but at least can DOTA at home for free.. lol. Saved $2.50 per hour like that lor.. lol.. and save transport somemore.. hahaha.. Always dota with the usual few, but i still quite noob.. hahaha.. like what my colleague says, "must have talent one..".. lol..
No more pek chek liao.. lol.. coz i finally know what happend during the nutcracker suite le.. and i thought i was being stupid. But now upon closer 'inspection', the 3/4 was written to sound like 2/4... no wonder i got so confused.. lol.. Tchaikovsky too pro for me le la.. and it was the same case as in Pavane.. no wonder i always thought i couldn't count.. it just sounds different from what it seems to be. And i can be certain, the dance of yao will also have the same problem.. but nevermind.. at least nutcracker cracked liao.
Pakki seems to like to sleep in my room these days... lol.. maybe coz got other critters to accompany him? LOL.. Shifted the tall crab (s.rug) into the main tank to live with the others le.. so far so good.. just that the venti crab (L.rug) grew so large after molting that the tanks seems too small for it.. maybe 好吃好睡 wor..
Maybe financially poor now... but ain't so poor in other aspect.. lol.. just 6 more months to go, and maybe i may regret that i say i didn't want to be a student.
And then the Bull is lao sai-ing.. almost can see the bear de head liao. Everyday seems like a new low (don't know whether the revised index had anything to do with it).. lol.. whoever said that the old STI would break 4k by the end of 2007 is a real genius. But who would have thought.. the lowering of rates due to the credit squeeze, rising fuel prices, shortage of food supply and so on would have flown into the inflation pool.. and then suddenly some agree that it might be worthwhile to realise their gains ASAP. When the BB unload, those retail go pick.. and the BB throw somemore.. and a bit more.. how not to get new lows like that? But then again, it's all a cycle.. and those with the cash to invest might see some new opportunity to kio some 'bargains'.. and especially when the FIs are in need of cash.
Now i really know what is 'leong'. LOL.. and my small small investment also shrink.. luckily my 2nd decision seems to be better.. lol.. at least something learnt.
Poor but at least can DOTA at home for free.. lol. Saved $2.50 per hour like that lor.. lol.. and save transport somemore.. hahaha.. Always dota with the usual few, but i still quite noob.. hahaha.. like what my colleague says, "must have talent one..".. lol..
No more pek chek liao.. lol.. coz i finally know what happend during the nutcracker suite le.. and i thought i was being stupid. But now upon closer 'inspection', the 3/4 was written to sound like 2/4... no wonder i got so confused.. lol.. Tchaikovsky too pro for me le la.. and it was the same case as in Pavane.. no wonder i always thought i couldn't count.. it just sounds different from what it seems to be. And i can be certain, the dance of yao will also have the same problem.. but nevermind.. at least nutcracker cracked liao.
Pakki seems to like to sleep in my room these days... lol.. maybe coz got other critters to accompany him? LOL.. Shifted the tall crab (s.rug) into the main tank to live with the others le.. so far so good.. just that the venti crab (L.rug) grew so large after molting that the tanks seems too small for it.. maybe 好吃好睡 wor..
Maybe financially poor now... but ain't so poor in other aspect.. lol.. just 6 more months to go, and maybe i may regret that i say i didn't want to be a student.
Wednesday, December 05, 2007
I have a Dream
"Have you ever thought about your future?"
Well, up till this stage, who never? I thought i think bloody too much.. but i met my match today. Yet the setting was more than i can take.. yes, i can discuss about my thoughts, how i want my life to be in the future, and what i may be planning to do to achieve it, whether i really do it or not. But, in a MMORPG? LOL.. scare the hell out of me lor. Strictly speaking, i don't even really know that person.. so how well will that person know me?
Rather 不爽 coz, i play game to relax de.. in the end got more stressed. LOL.. and what makes one think that we are without dreams? Even if it conforms to the view of society, it doesn't matter, nor is it more inferior. My point is, do not think that one is more superior than other just because of a "greater" dream. I say, who and what you are, determines what you want to dream of. Some people just want simple dreams, to have a nice family, stable job and good health. (that is maybe what most people want.. who doesn't?) Others might want to be millionaires or even multi so that they can have more wants from that want.. it all depends on the individual.
I am not being affected by what people want, rather, why should they bother with what i want? That bothers me. And what makes them think that i am wrong in pursuing my dream? I think i now have a new dream - knowing what these people really want to achieve by downplaying other people.
LOL.. almost 气死我了. Specific dream, or just a vauge one? It depends too. If i say i want to be a millionaire through winning the toto draw, you think i can forsee when i tio meh? Need to set deadline and have a specific plan? Incorporate the probability of winning somemore and give a definate answer as to when i can be one when i say that? Ok, there are a total of 8 million combinations from the toto draw and the probability of winning with a 50 cents quickpick is 1/8,000,000. Given that there are 2 draws per week, just over 100 draws per year, there is a chance of being a millionaire in just 5 years with a probability of 0.0000325625, (the method of calculation is still being contended - 1/8,000,000 x [(summation of 1-520)/520] assuming the prize is 1 million and the cost are sunk cost. Unrealistic it seems, that's why it is a dream.
And with regards to equity investment, i didn't say any strategy employed would guarantee a success.. neither am i ignorant of the bigger institution out there that have the abilities to. These are all what other, or even most people are doing.. just becoz that something written from some book doesn't mean that it is so. In my opinion, these are just opinions. I think, what is more important is, is that opinion really your opinion. In fact, if your opinion is right, it doesn't really matters.. for it will sail with the wind. Even auntie can do it based on common sense lor.
Don't say i think so much, becoz i didn't say anyone didn't think.. and there are people out there thinking way more lor.. so don't limit my thoughts. Yupz, all thoughts and nothing done equals nothing, i know that too. Knew that becoz i am slow.. so think more lor.
LOL.. a rather bad day becoz tio ka cheow me.. haha. Despite, maybe i'm not being concrete on my "plans".. therefore can tio ka cheow.. haha.. and it all happened in the MMORPG.. unbelievable.
Well, up till this stage, who never? I thought i think bloody too much.. but i met my match today. Yet the setting was more than i can take.. yes, i can discuss about my thoughts, how i want my life to be in the future, and what i may be planning to do to achieve it, whether i really do it or not. But, in a MMORPG? LOL.. scare the hell out of me lor. Strictly speaking, i don't even really know that person.. so how well will that person know me?
Rather 不爽 coz, i play game to relax de.. in the end got more stressed. LOL.. and what makes one think that we are without dreams? Even if it conforms to the view of society, it doesn't matter, nor is it more inferior. My point is, do not think that one is more superior than other just because of a "greater" dream. I say, who and what you are, determines what you want to dream of. Some people just want simple dreams, to have a nice family, stable job and good health. (that is maybe what most people want.. who doesn't?) Others might want to be millionaires or even multi so that they can have more wants from that want.. it all depends on the individual.
I am not being affected by what people want, rather, why should they bother with what i want? That bothers me. And what makes them think that i am wrong in pursuing my dream? I think i now have a new dream - knowing what these people really want to achieve by downplaying other people.
LOL.. almost 气死我了. Specific dream, or just a vauge one? It depends too. If i say i want to be a millionaire through winning the toto draw, you think i can forsee when i tio meh? Need to set deadline and have a specific plan? Incorporate the probability of winning somemore and give a definate answer as to when i can be one when i say that? Ok, there are a total of 8 million combinations from the toto draw and the probability of winning with a 50 cents quickpick is 1/8,000,000. Given that there are 2 draws per week, just over 100 draws per year, there is a chance of being a millionaire in just 5 years with a probability of 0.0000325625, (the method of calculation is still being contended - 1/8,000,000 x [(summation of 1-520)/520] assuming the prize is 1 million and the cost are sunk cost. Unrealistic it seems, that's why it is a dream.
And with regards to equity investment, i didn't say any strategy employed would guarantee a success.. neither am i ignorant of the bigger institution out there that have the abilities to. These are all what other, or even most people are doing.. just becoz that something written from some book doesn't mean that it is so. In my opinion, these are just opinions. I think, what is more important is, is that opinion really your opinion. In fact, if your opinion is right, it doesn't really matters.. for it will sail with the wind. Even auntie can do it based on common sense lor.
Don't say i think so much, becoz i didn't say anyone didn't think.. and there are people out there thinking way more lor.. so don't limit my thoughts. Yupz, all thoughts and nothing done equals nothing, i know that too. Knew that becoz i am slow.. so think more lor.
LOL.. a rather bad day becoz tio ka cheow me.. haha. Despite, maybe i'm not being concrete on my "plans".. therefore can tio ka cheow.. haha.. and it all happened in the MMORPG.. unbelievable.
Sunday, September 30, 2007
Weekly Journal
Finally got my keyboard le~ 54 keys de wor.. although very plastic and no earphone jack, it does have 99 tones and lots of other functions.. lol.. and, it cost only $47 plus.. wahahaahaa.. of coz, i don't know how long it'll last. Actually from the outside, it seems very chwee.. especially the power point... but then, what more can i ask for?
Now my room looks more like a study room than bedroom... zzz... mj room also.. whahaha.. i still haven't finish the table yet.. maybe one of these days ba. Another addition.. and we no longer need to fight for channels le. But still, i think there is a lack of a wii.. lol.. but i've got no additional money lo.
Paid $2140 last week for school fees.. and really getter poorer by day.. plus the £245 (S$735) paid to UOL.. lol.. no wonder i've never crub for months le. Very tempted to go MOS (FOC martell leh) last saturday.. haha.. but even for the entry (plus transport).. i need to think twice before spending.
Luckily, market had been bullish after the blood-letting of the sub-prime crisis.. Investors are returning and driving up some of the stocks. Said i failed last friday to average out my investment.. and since that week, it rose by more than 8%.... lol.. 8% in a week leh.. where to find? Haha.. but i'm not speculator.. so i look at the long term.. of coz, reason being i have no money to contra in and out for short term profit.. hahaa... so treat it like a deposit ba.. at least, my portfolio is not generating any outflow le.. Of coz, everything is unrealised.. haha.. and which the USD falling leading to complications such as Balance of Payment deficit (and perhaps cost push inflation) and possibility of recession (how i wished i had pay attention during econs)and the list goes on and on.. for the fed part, it seems lowering the rates might just cause something bigger.
Not all eggs are in one basket.. and so the bond paid its 1st coupons.. haha.. which i've already spent much of it.. (its really very little anyway).. but it makes me understand bonds better.. since these are so much needed for my module of Investment Management (IM). Almost a month of schooling, and i can't fit my lifestyle into the new timetable.. haha... i think i have to go hungry every week lo.. Having 2 lessons back to back is quite hectic considering the pace they are going.. i always almost fail to under-tand what ksm is teaching in IM.. and hor, i don't quite under-tand the notes also.. hahaha.. same as all banking modules.. is it me or the notes?
Well.. i think i just need to work harder lo.. haha.. 2 more to go.
Now my room looks more like a study room than bedroom... zzz... mj room also.. whahaha.. i still haven't finish the table yet.. maybe one of these days ba. Another addition.. and we no longer need to fight for channels le. But still, i think there is a lack of a wii.. lol.. but i've got no additional money lo.
Paid $2140 last week for school fees.. and really getter poorer by day.. plus the £245 (S$735) paid to UOL.. lol.. no wonder i've never crub for months le. Very tempted to go MOS (FOC martell leh) last saturday.. haha.. but even for the entry (plus transport).. i need to think twice before spending.
Luckily, market had been bullish after the blood-letting of the sub-prime crisis.. Investors are returning and driving up some of the stocks. Said i failed last friday to average out my investment.. and since that week, it rose by more than 8%.... lol.. 8% in a week leh.. where to find? Haha.. but i'm not speculator.. so i look at the long term.. of coz, reason being i have no money to contra in and out for short term profit.. hahaa... so treat it like a deposit ba.. at least, my portfolio is not generating any outflow le.. Of coz, everything is unrealised.. haha.. and which the USD falling leading to complications such as Balance of Payment deficit (and perhaps cost push inflation) and possibility of recession (how i wished i had pay attention during econs)and the list goes on and on.. for the fed part, it seems lowering the rates might just cause something bigger.
Not all eggs are in one basket.. and so the bond paid its 1st coupons.. haha.. which i've already spent much of it.. (its really very little anyway).. but it makes me understand bonds better.. since these are so much needed for my module of Investment Management (IM). Almost a month of schooling, and i can't fit my lifestyle into the new timetable.. haha... i think i have to go hungry every week lo.. Having 2 lessons back to back is quite hectic considering the pace they are going.. i always almost fail to under-tand what ksm is teaching in IM.. and hor, i don't quite under-tand the notes also.. hahaha.. same as all banking modules.. is it me or the notes?
Well.. i think i just need to work harder lo.. haha.. 2 more to go.
Wednesday, August 22, 2007
"No Reason"
For "no reason", even staying at home is a drain on my balance sheet.
Counting down, 3 more weeks to the new school term, and another week and a half to the 1st september performance. As such, it'll be quite a "busy" period.. but i guess, it beats staying at home trying to figure out what to do.
Results will be out very very soon.. many are checking the student portal also daily, if not hourly.. haha.. i'm quite interested to know too, but waiting for it to happen shouldn't be a difficult task ba.
And meanwhile, while trying to look forward, i've been feeling quite not ok due to the late nights recently.. plus i got an overdose of instant noodles and "chicken in the biscuit".. hahaa.. i think i finished the 3rd packet in a week. Now feeling feverish with flu.. plus ulcers again. I think i'm leading a very unhealthy lifestyle.
Monday's massive climb of 6% on the STI was cut by half the following day.. and that EPS system is very wols lor.. lol.. if they force sell me.. then i should be very sian le.. haha.. coz i thought that i was on "GIRO".. but was on EPS which i had to click on the i-banking myself.. zzz.. then i only realised it the very day before settlement.. but it was nothing much afterall.. i just don't like the feeling of doing things wrong and then paying for the mistake. (which could be easily avoided). Anyway, things are not to be stable soon i guess, so it's better to wait and see.
Pakki is 9 months old le.. now getting quite naughty.. since he's undergoing some weird stages in his life.. so had been rather lenient with him, though sometimes he really "try to be funny". So today he went MIA in house.. and thought where he hide.. in the end, he was in the toilet playing with the toilet roll lor.. or rather, eating it. Was so angry with him (coz he ate the toilet roll).. toilet roll so tasty meh? Anyway, still 3 months or so before this "naughty boi" grows up.. till then ba.
12.40am now.. i'll go to sleep. Too many things coming up, i can't afford to fall sick.
Counting down, 3 more weeks to the new school term, and another week and a half to the 1st september performance. As such, it'll be quite a "busy" period.. but i guess, it beats staying at home trying to figure out what to do.
Results will be out very very soon.. many are checking the student portal also daily, if not hourly.. haha.. i'm quite interested to know too, but waiting for it to happen shouldn't be a difficult task ba.
And meanwhile, while trying to look forward, i've been feeling quite not ok due to the late nights recently.. plus i got an overdose of instant noodles and "chicken in the biscuit".. hahaa.. i think i finished the 3rd packet in a week. Now feeling feverish with flu.. plus ulcers again. I think i'm leading a very unhealthy lifestyle.
Monday's massive climb of 6% on the STI was cut by half the following day.. and that EPS system is very wols lor.. lol.. if they force sell me.. then i should be very sian le.. haha.. coz i thought that i was on "GIRO".. but was on EPS which i had to click on the i-banking myself.. zzz.. then i only realised it the very day before settlement.. but it was nothing much afterall.. i just don't like the feeling of doing things wrong and then paying for the mistake. (which could be easily avoided). Anyway, things are not to be stable soon i guess, so it's better to wait and see.
Pakki is 9 months old le.. now getting quite naughty.. since he's undergoing some weird stages in his life.. so had been rather lenient with him, though sometimes he really "try to be funny". So today he went MIA in house.. and thought where he hide.. in the end, he was in the toilet playing with the toilet roll lor.. or rather, eating it. Was so angry with him (coz he ate the toilet roll).. toilet roll so tasty meh? Anyway, still 3 months or so before this "naughty boi" grows up.. till then ba.
12.40am now.. i'll go to sleep. Too many things coming up, i can't afford to fall sick.
Saturday, August 18, 2007
Out Pubbing
Was out with friends from SIM.. as usual, the usual ones, and as usual, the usual activity.
Kind of glad that we opened one bottle instead of two.. for i think, its like already a lot.. haha.. i just want to chill.. that's all i want to do.
We were given a special room, to be away from the main hall.. just like singing ktv.. haha.. (its a ktv pub by the way..) The difference is, we get to sing all the songs that those in the hall picked, with our own seperate mic and sound system... haha.. which means, we sing every song. Yet.. this doesn't seems to be a very good idea lor.. hahha.. for one, we kept seeing repeats on a few particular song.
Oh ya.. quite liked the ktv room.. haha.. coz can try out lots of songs that others chose.. Yet, was already not really keen in singing.. haha.. didn't know why, but perhaps, it was just another passing phase for me.
And, soon, all might be off working le.. and me, continuing my studies.. was really glad that this group was there for company during the past 3 years of school life.. haha.. just that, it'll be quite difficult to coordinate another outing of this scale again.
Was super tired, coz woke up super early this morning (before 9am). And last night i slept rather late too.. think around the same time as now. Also, was using up energy practicing on my baobei horn.. hahah.. much effort was needed, especially when the horn was muted. Sadly, i wasn't ready for the practice tomorrow.. felt that a lot of parts was still kind of unreachable.. especially the high A.. plus, tone quality was rather bad.. ar.. felt like that time when i was in secondary one.. haha.. like very noob like that.
Yet, still must attend orchestra practice... coz, the original score is with me.. haha.. but due to insufficient sleep, was being bothered by the flu bug.. been sneezing for the whole day le..
Nothing to do.. so blogging some nonsense.. while waiting for my hair to dry before sleeping..
Impressed with a story that i encountered recently.. very impressive indeed. Anticipated the plot, but was caught too, coz of a minor twist. For one, it swang (is this the past tense of swing? hahaa..) me a full 180. Haha.. that is just me.. trying to act smart, but actually not quite smart myself. Like the recent investment also, thought it couldn't go lower, yet it just fell and fell..
So today CDP sent me a letter regarding my investment.. luckily told the village chief that i've entered.. if not, he might just tear it open and see my foolish mistake.. haha.. so he asked me what i've bought.. i just kept quiet. Wanted it to be my private trading, fund free from any influence.. (FST?) so the chief got a bit pissed.. hahaha.. coz as if i didn't trust him.. well.. not that i didn't trust.. i really want to be independent in this aspect as well.
I guess, its just like everything else.. past can't forcast the future, and being inside and outside of the stituation is a whole different story. And when it became historical, explanations were given.. lol.. But knowing was already too late.. for information are alreay priced in.. but it sure is better to know what is happening rather than investing without knowing. 长痛不如短痛 hor? Hahhaa.. yalor.. but people are really optimistic leh.. haha.. they "hold" when the market signals for them to "sell".. haha.. hold for xmas meh? But i'm being irrational here too.. i held too.. haha.. it was like, really difficult to let go just to cut lost.. in the end, it lost another 15%... ahahahaa... so sad lor... and 很痛.
A piece of good news.. those "investors" that refused to react to the 17 billion injections into the FI are trying to get the fed to cut their rates.. haha.. and they've succeeded.. yay.. finally after so many days.. the fed (with their stubborn strategy) give in by 0.5%.. not much.. but really telling people that credit will not be difficult to obtain after all... wondered are they fuelling another balloon or just trying to keep it from busting.. perhaps it was really an economy boom that is still booming waiting for a big boom? But IMO, i don't really care.. whahaa.. i just want to cash out. With the cut, dow and nasdaq is finally green again.. phew.
(above are just my personal opinion.. and nothing else)
5.50am now.. luckily the market is closed for weekends.. whaha.. if not, i'll wake up at 9 again.. wahaha.. what to do? I'm am unemployed.. no time to work coz schooling starts next month.. might as well be a retail investor.. whaha.. i'm noob i agree.. but i trust my studies of Financial intermediation, Corporated Finance and Economics to be of some help.. if not, i pay $1070 (inclusive of 7% GST) for what? Haha.. i might after all, be in the financial sector when i graduate.. see if it interests me or not. Right now as i've said.. its just a training ground.. haha.. even so, i need all the skills i have to minimise losses and generate positive returns.. haha.. perhaps, also need lady luck to shine on me ba.. haha.. just that day when i entered, the company decided to do a rights issue at a discount.. omg.. people buy at the discount price then sell in the market at the market price, thus with enough people doing it, the price falls.. plus the credit woes.. i think, this is a rather unlucky time to be at.
Got to rest "early".. still got a long day tomorrow..
Kind of glad that we opened one bottle instead of two.. for i think, its like already a lot.. haha.. i just want to chill.. that's all i want to do.
We were given a special room, to be away from the main hall.. just like singing ktv.. haha.. (its a ktv pub by the way..) The difference is, we get to sing all the songs that those in the hall picked, with our own seperate mic and sound system... haha.. which means, we sing every song. Yet.. this doesn't seems to be a very good idea lor.. hahha.. for one, we kept seeing repeats on a few particular song.
Oh ya.. quite liked the ktv room.. haha.. coz can try out lots of songs that others chose.. Yet, was already not really keen in singing.. haha.. didn't know why, but perhaps, it was just another passing phase for me.
And, soon, all might be off working le.. and me, continuing my studies.. was really glad that this group was there for company during the past 3 years of school life.. haha.. just that, it'll be quite difficult to coordinate another outing of this scale again.
Was super tired, coz woke up super early this morning (before 9am). And last night i slept rather late too.. think around the same time as now. Also, was using up energy practicing on my baobei horn.. hahah.. much effort was needed, especially when the horn was muted. Sadly, i wasn't ready for the practice tomorrow.. felt that a lot of parts was still kind of unreachable.. especially the high A.. plus, tone quality was rather bad.. ar.. felt like that time when i was in secondary one.. haha.. like very noob like that.
Yet, still must attend orchestra practice... coz, the original score is with me.. haha.. but due to insufficient sleep, was being bothered by the flu bug.. been sneezing for the whole day le..
Nothing to do.. so blogging some nonsense.. while waiting for my hair to dry before sleeping..
Impressed with a story that i encountered recently.. very impressive indeed. Anticipated the plot, but was caught too, coz of a minor twist. For one, it swang (is this the past tense of swing? hahaa..) me a full 180. Haha.. that is just me.. trying to act smart, but actually not quite smart myself. Like the recent investment also, thought it couldn't go lower, yet it just fell and fell..
So today CDP sent me a letter regarding my investment.. luckily told the village chief that i've entered.. if not, he might just tear it open and see my foolish mistake.. haha.. so he asked me what i've bought.. i just kept quiet. Wanted it to be my private trading, fund free from any influence.. (FST?) so the chief got a bit pissed.. hahaha.. coz as if i didn't trust him.. well.. not that i didn't trust.. i really want to be independent in this aspect as well.
I guess, its just like everything else.. past can't forcast the future, and being inside and outside of the stituation is a whole different story. And when it became historical, explanations were given.. lol.. But knowing was already too late.. for information are alreay priced in.. but it sure is better to know what is happening rather than investing without knowing. 长痛不如短痛 hor? Hahhaa.. yalor.. but people are really optimistic leh.. haha.. they "hold" when the market signals for them to "sell".. haha.. hold for xmas meh? But i'm being irrational here too.. i held too.. haha.. it was like, really difficult to let go just to cut lost.. in the end, it lost another 15%... ahahahaa... so sad lor... and 很痛.
A piece of good news.. those "investors" that refused to react to the 17 billion injections into the FI are trying to get the fed to cut their rates.. haha.. and they've succeeded.. yay.. finally after so many days.. the fed (with their stubborn strategy) give in by 0.5%.. not much.. but really telling people that credit will not be difficult to obtain after all... wondered are they fuelling another balloon or just trying to keep it from busting.. perhaps it was really an economy boom that is still booming waiting for a big boom? But IMO, i don't really care.. whahaa.. i just want to cash out. With the cut, dow and nasdaq is finally green again.. phew.
(above are just my personal opinion.. and nothing else)
5.50am now.. luckily the market is closed for weekends.. whaha.. if not, i'll wake up at 9 again.. wahaha.. what to do? I'm am unemployed.. no time to work coz schooling starts next month.. might as well be a retail investor.. whaha.. i'm noob i agree.. but i trust my studies of Financial intermediation, Corporated Finance and Economics to be of some help.. if not, i pay $1070 (inclusive of 7% GST) for what? Haha.. i might after all, be in the financial sector when i graduate.. see if it interests me or not. Right now as i've said.. its just a training ground.. haha.. even so, i need all the skills i have to minimise losses and generate positive returns.. haha.. perhaps, also need lady luck to shine on me ba.. haha.. just that day when i entered, the company decided to do a rights issue at a discount.. omg.. people buy at the discount price then sell in the market at the market price, thus with enough people doing it, the price falls.. plus the credit woes.. i think, this is a rather unlucky time to be at.
Got to rest "early".. still got a long day tomorrow..
Friday, August 17, 2007
Yet Another Bloodbath...
This is not getting nice in anyway.. STI dropped another 3.7%.. at this rate, its better to keep my money under the pillow.
Given the performance of the US market, the sub-prime loan woes had became part of my woe. But on the positive side, it was, afterall still a minor training ground for me.
Well well.. this is something "only time will tell".
And so now, the US market still have no intention of recovering, with both in the reds at 3 pm US time. Given the extend of the credit woes.. it might be something more sinister.. the remedies given doesn't seems to do much to market sentiments as yet... of coz, there are those trying to make profit out of a "crisis" with their short-selling techniques, thus making this another of those self fulilling prophecy.
Well, it doesn't have to affect all of us, but, it might.. for the underlying conclusion is that, there'll be a tightening in credit.. businesses that requires large amount of capital on the outset might find themselves in trouble. And giving the economy driven by activies of businesses.. it might just make the mark for one of those cycle.
Sure enough, it happend before, and will happen again.. the question is when.
Disclaimer: i take no resposibility for any investment/dis-investment made with reference to this entry. All is done at your own risk!
Given the performance of the US market, the sub-prime loan woes had became part of my woe. But on the positive side, it was, afterall still a minor training ground for me.
Well well.. this is something "only time will tell".
And so now, the US market still have no intention of recovering, with both in the reds at 3 pm US time. Given the extend of the credit woes.. it might be something more sinister.. the remedies given doesn't seems to do much to market sentiments as yet... of coz, there are those trying to make profit out of a "crisis" with their short-selling techniques, thus making this another of those self fulilling prophecy.
Well, it doesn't have to affect all of us, but, it might.. for the underlying conclusion is that, there'll be a tightening in credit.. businesses that requires large amount of capital on the outset might find themselves in trouble. And giving the economy driven by activies of businesses.. it might just make the mark for one of those cycle.
Sure enough, it happend before, and will happen again.. the question is when.
Disclaimer: i take no resposibility for any investment/dis-investment made with reference to this entry. All is done at your own risk!
Wednesday, August 15, 2007
Another Bloodbath?
Wednesday, 15 Aug 2007: the sti plunged again, 113 points to 3,273.
Its been rather low, and seriously, i can't really tell what the rest of the country (or perhaps investors from other countries) is thinking.. perhaps they have their plan, but this sure isn't part of my plan.
It's been quite a "bloody" month for those with cash still locked in their investments.. and many are now too wounded to get out. I think, those with a huge investment in equity will get heart attack sooner or later with the STI moving faster than the roller-coaster.
Oh ya.. after so long, i entered.. coz wondering why the haste.. for something i saw, i think i might have seen wrongly.. just see if any of the work done is justified. Anyway, it won't be soon before things are seen.. its always different when real money is involved. Nevertheless, it still cost much lesser than the school fees i'm going to pay for the final semester.. haha.
Disclaimer: read at your own risk with regards to any dis-investment/investment made.
Its been rather low, and seriously, i can't really tell what the rest of the country (or perhaps investors from other countries) is thinking.. perhaps they have their plan, but this sure isn't part of my plan.
It's been quite a "bloody" month for those with cash still locked in their investments.. and many are now too wounded to get out. I think, those with a huge investment in equity will get heart attack sooner or later with the STI moving faster than the roller-coaster.
Oh ya.. after so long, i entered.. coz wondering why the haste.. for something i saw, i think i might have seen wrongly.. just see if any of the work done is justified. Anyway, it won't be soon before things are seen.. its always different when real money is involved. Nevertheless, it still cost much lesser than the school fees i'm going to pay for the final semester.. haha.
Disclaimer: read at your own risk with regards to any dis-investment/investment made.
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