23 July 2013

Lesson for today, one major mistake of all speculators is to enrich themselves in too short a time. Instead of taking two or three years to make 500% on their capital, they try to do it in two or three months. Now and then they succeed. But such traders will not be able to sustain their profit. this is because it is unhealthy money, rolling in rapidly, and stopping for but a short visit. Speculators in such instances loses his sense of balance. He says: "If i can make 500% on my capital in two months, think what i will do in the next two! I will make a fortune". Such speculators are never satisfied. They continue to shoot the works until somewhere a cog slips, something happens, something drastic, unforeseen and devastating. Businessmen opening a shop or a store would not expect to make over 25% on their first investment the first year. Speculators should make speculation a business and run it on business principles. A speculator should make it a rule if he is fortunate enough to double his original capital he should at once at once take one-half of his profits and lock this sum up in a safe deposit box. 

Afujiya was the new counter listed today. the listing price was 0.60 and it opened at 0.645 and went up to 0.665 highest. it the dropped back to 0.64 and mingled at 0.63 in the whole day but closed at 0.62. Trading was a little quiet in the first half of the day with the exception of sersol and its warrant. Sersol went up to the high of 36 yesterday before closing at 0.345. it opened at 0.335 before running up to 0.37 before 10am and 0.41 at lunch break. after lunch, it continued its upward push to hit a high of 0.495 at  3.40pm. when it was issued a UMA by bursa at 3.50pm, it started to press the price down after 4pm. During the closing minutes of trading, it went to as low as 0.38 but regained some losses and started to move up above 0.40. I bought 30lots at 0.395 but it went down again to 0.385 but it quickly regained upward momentum and close at 0.41. its warrant's movement and momentum mirrored its mother's and move from the low of 0.25 to a high of 0.4 but closed at 0.31. The other counter that was fiercely traded was tdm. The counter went to a high of 0.88 last week but stayed near its high for the past few trading days. at 3pm, i noticed the counter move but at day's high of 0.87 and at 0.875, my colleague bought 110 lots. it mingled there where 2 big block of stocks were waiting to be sold at 0.88 and 0.885. my computer went down for a moment and while i was fixing it, the large block of stocks at 0.88 were taken in one shot. the block at 0.885 were also taken after a minute or two and the to 0.89 but the price then came back down to 0.88 where i hesitated a little. it then went up again to 0.89 where my colleague sold his block there. shortly after 3pm, it went up to 0.90 and within 30 minutes, it went to high of 0.94. after sersol was issued UMA, the whole market calmed down and many stock prices came down together with selsol. tdm also pushed down perhaps by the operators to scare off some traders to sell their shares. my colleagues sense opportunity and bought some shares at 0.915 at its lowest retreat while some at 0,92. it went up to 0.93 and closed strongly at 0.975. Amprop had some momentum since yesterday but it regained the uptrend today. it went to its high of 0.885 at 10.15am today but came back down to close at 0.87, up merely 0.035. Kheesan was also strong today but without much volume. it went to 0.52 at 10am but retreated to 0.51 for lunch. after lunch, it went up to 0.54 at 4pm but retreated back to 0.52 to close 0.05 above yesterday's closing price.