Tuesday, April 11, 2006

Addicted to share market!

Have been very very addicted to share market recently. It's a week before exam and i should be studying right now. But i get online and checked my portfolio. It's just a few minutes ago that i realised something fishy! There's no market today! Today is a public holiday!

I have been very curious as this morning when i checked my portfolio, my shares din change totally! Initially i thought it was OSK's server problem. However i din realise until just now. Right now i have only manage to make a profit of 4000++. People on top of the table had already made a huge profit of 80 000++. Really wonder what shares they buy.

It's really fun to play in the share market. You could sit in front of the monitor for one whole day to do all the analysing of shares and searching all the related business news. This makes me no mood to study. Just imagine that you have 100k dumped into the share market. Would you still have any mood to study? You could never predict what will happen the next second. You will be very anxious about the shares you buy as you would never know whether the shares you buy would appreciate or drop like hell! Therefore after flipping through two pages of audit notes, here i am, getting online checking my shares again!

After playing for one week, i realised that all the theories we learnt in textbook is bullshit. PE ratio and fair value of the shares could not be applied in real life. In share market, people are speculating all around, they do not calculate any ratio to determine what share to buy. End of the days, they are the biggest winner. Those "smart" people who calculate the ratios are actually the losers in the share market.

Right now since there's no market today, i guess i could sit down at my study table a little bit longer(compared to usual) and continue reading that stack of meaningless audit notes!

p/s : I guess this would be my last post before entering exam hall. Before i forget, do drop by and sign the online petition for IPCMC for a better police force!

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