Laulan said something about feeding the brokerages got me to do some calculations. $550 brokerage fees for $4800 gains ... more than 10% ... legal Ah Long ...
And too bad if losing money. Ah Long money cannot not give ...
The brokerage fees here is too high liao, not condusive for a thriving SM.
chris168 ( Date: 14-Jul-2010 09:23) Posted:
Yes, with market so high you want to be cautious.
Bought 1.81 price still pretty attractive near -1sd(standard deviation) though I got them at lower price 1.68 the last round. So bought a bit this time and prepare to cut loss when needed.
Get out after a good run and not be consumed by greed that's what I normally do. It works pretty well so far.
bishan22 ( Date: 14-Jul-2010 08:16) Posted:
When correction comes, those vested will get trapped. Be careful on these reports.
Bought 1.81 price still pretty attractive near -1sd(standard deviation) though I got them at lower price 1.68 the last round. So bought a bit this time and prepare to cut loss when needed.
Get out after a good run and not be consumed by greed that's what I normally do. It works pretty well so far.
bishan22 ( Date: 14-Jul-2010 08:16) Posted:
When correction comes, those vested will get trapped. Be careful on these reports.
Agree, the stock market is all but a game just like the many realities of life. As Kiyosaki puts it, money on the table is not yours until its in your pocket. The real idea of the game is to get your money off the table and to stay in the game. BB's have a long term view of the market but their money can be quite short term...... Anyway where do the financial institutions loyalty stand ? Just look at the listed companies major shareholdings, many are the banks/financial institutions themselves
0026 GMT [Dow Jones] Ezra (5DN.SG) may
slip despite fiscal 3Q bottom-line growth as core performance subdued.
Net profit +37% on year at US$25.7 million due mainly to US$7.3 million
gain from vessel sale. Excluding one-off gain, core earnings of US$18.4
million tad lower than US$18.8 million profit year earlier, hurt by
lower vessel utilization, contributions from associate EOC (EOC.OS).
While revenue higher, cost of sales also increased, resulting in lower
gross margin of 30.5% vs 36.8% year earlier. DMG, which has Buy call,
cuts target price to S$2.54 from S$2.80 after lowering EOC's valuation
to 9X FY11 P/E from 12X, but remains hopeful of earnings profile as Ezra
adds new vessels to its fleet in coming months to expand range of
subsea services. Shares halted midway yesterday, last at S$1.81. Trading
resumes at 0100 GMT, with support eyed at last week's low of S$1.72.
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