Friday, March 12, 2010

Friday - end of another working / trading week

Yes...time flies and heals whatever pain or hatred that one has. For me....it is just
that I am getting closer to be unemployed ( co is shutting down and shifting to China lor ). Funny thing was that when it was announced last August....it seem so far away but now, we are already in mid March 2010. Anything changed.....not much except that I feel that time is not on my side anymore.

I have to seriously start to think of my options....Plan A, Plan B and Plan C. I have always been ready for Plan C....but nothing is firm for Plan A and B. Yes, I
have some ideas what to do but when the actual time comes....one would start to question whether or not it can work out! The fear of the unknown....the lucky thing is that there shall be a nice package to cushion the impact for awhile. For myself,
I am one of those "kanchong spider" type....so I am very worried and feeling "down".
But I am not in the habit to talk openly about my fear and worries...as I usually "bottled-up" everything inside me. From my outside....I am usually come across as a confident and result-oriented person.

Okay...not about to go into my Plans for now.

Stock market - well, I must say that both the SGX and HKex did very well. Yes....there are moment of fears but it managed to smooth things over. Some index stocks....managed to hold up and prevent the rest to fall into the "abyss". So...my
view is that will slowly moves sideway with a slight upwards bias. Good example is the US market....from mid Feb onwards it managed to move up till to-date about 6-7% overall. So...the same thing will likely happen here for both SGX and HKex from this week onwards. Yes....the "fear" was the recent trade data and the inflation data out from China and that the banks will tighten further esp on loans for properties due to fear of "assets babbles" there. Frankly....the stories are just repeats whenever the market in HK and China move up too fast....when it happened, the market would take a few steps backwards to regain it's footing before moving up again. Guessed this is again the resting time for this round. Yes....good for the market to take some breathers along it's way higher but "bad" for those who have already vested. I
am one of these people....so hold on "tight and pray!" lor.

Overall result for the week is still "positive" for me. It would be better but then one has to be realistic esp with the present market condition. No....one-way ticket type. For this 2010 - one has to have great patience and look for the right timing!

2 comments:

wINtoTo N aLSo 4D...yEAh! said...

Didn't sold off any stock but instead made a mistake and bought another 50 lots of SCMI.

Yes...a mistake esp I key-in the wrong key. Supposed to want to buy at 79cts....I didn't correct the amount and just push the key to buy.

I was so sleepy...then, I just got up and go and sleep hehe!

wINtoTo N aLSo 4D...yEAh! said...

yes...suffered a paper loss of 2K+.

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tO hAVe FuN wiTH mY liFe aND aLsO wAnT mY loVED oNeS tO hAVE tHE SaME tOO. :) bUt iN rEAL LiFe tHaT sHouLd bE sOOn.