Wednesday, October 15, 2008

Geeeeezzzz....

Geez....i neglected my blog for quite awhile, actually, life have been the same & nothing much happening has occur...so...nothing much to blog dwn...
My...m i such a boring person? or my life is jussssttt so boringzzz.....i hvn found out the answer...

Hmm...went for IM meet, suppose to b some serious talk on our IM projects, ended up a chit chat session until 2+am...had lots of high carbo food on tat day...wanna noe?
1st, Dinner was "famous" char kway teow & carrot cake @ Zion road. recomended by Zennon.
Met up with Juliana at TCC but we were happily chatting away without ordering any drinks...think the TCC staff are darn "pissed off" with us...I made a reservation for 10 pax. Last min 3pax didnt turn up. u noe who u r...whahaha...& only poor Juliana ordered food (potato wedge & some cheessy stuff) & cost her almost 30bucks & she mus b cursing us liao...all voted to chg venue to Mcdonalds... -__-''

Proceed to Mcdonalds, cheap & good...hur hur hur & of cos, i had ckn nuggets meal again... =p hope i dun gain extra fats after these sinful calorie intake!!

Oh Boy....reached home at 3am & still kinda energetic, msn Mel & a fren...was telling Mel abt my fren...."lets call my fren T"
my fren has been following news from cnbc on the share market. from wat he has told me, he appears more to b a value investor rather than a trader...to consider him as a true value investor, i m not gg to give him this title. whahaha i wld give him this title instead "agressive gambler" y wld i say this so...

our conversation:
T: y r u up so late?
me: jus reach home, & y u r up so late too?
T: watching news abt US market
me: so u learning to trade?
T: well not really, looking at some stocks
me: so u do stuff like technical analysis & research??
T: No need to do all these 1 lah...to me share market is all about GUTS, EMOTION & FEAR....all techical analysis r "USELESS" who has $$ to hold the stocks longer, will sure win!!
me: Ooooo (turning to Mel's msn screen & cursing T to Mel tat he insulted T.A & share mkt is abt guts, emotions & fear)
T: do u noe how AIG?
me: Yes
T: & do u noe how much it has fallen from & until today its value is how much??
me: Yes i noe.... (**hell, of cos i noe...i dun attend WA for nothing**)
T: i hv been thinking very hard if i shld buy AIG. now is only at $2 & i think it will go up to $10
me: r u sure u wanna buy AIG? i think now is not the time to touch on financial stocks
T: well, i think it might go up to $10 & even if it wont at most i only lost $2.
me: alrite, if u think its worth then go ahead & buy....

To be honest, will AIG go up to $10, nobody can predict the market. But if he has done his homework find out IV of AIG, he wld noe if AIG is worth $10. Perhaps losing that $2 to him is nothing serious. but dun he noe he can cover his positions? of cos i wouldnt wanna tell him that he can do so....cos i really prayed tat he "LOST" money.
Wat the hell!! he insulted technical analysis as "USELESS" serious true traders & investors will do their homework, research & make use of TA b4 they enter the share market. By just updates from news is good, but not enuff i wld say....
There is no such thing as gut feel & fear if u r serious abt ur trades... emotions yes....really depend on how u counter them...sad to say alot of ppl like r like T, being ignorant to fundamentals & T.A. With this ignorant, they fear when the stocks dropped & started selling off without 2nd tots...
Something that i wanna share, during last WA coaching, Jack Wong, a trader also bought AIG. he bought at $20+ & when it fell to $2, he feels nothing at all. & best part. he didnt "LOST" his $$$....u shld noe y ya...
I really prayed very very hard my fren will have a hard fall & he come to his senses that TA is not "USELESS" cos if he had "Guessed" correctly & he take some profits, then he will become an aggresive gambler soon....whahaha...

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