jawgey wrote:bartum wrote:MaichBlack wrote:I didn't get in! Changed my mind a number of times!! Initially I was to get in. After doing some homework, I decided not to get in. More homework and I decided maybe I should. A couple of assignments and a term paper later I decided not to get in. As late as Friday morning, I had decided to put quite a good amount into this share then I changed my mind during the day.
However this turns out, I will be a keen observer. I will want to see how much I would have lost or made coz as I said I was to get in big time! I will not make or lose any money now but it will help me analyze how good my homework, assignments and term paper were!
you made my evening
So @MaichBlack we can conclude that you failed really bad on your assignment.. yes?
In a way, yes! [I'll explain the 'in a way' part]
If I had applied for the number I wanted to apply for, I would have been allocated 6000+ shares using their formula. I would have sold the whole lot yesterday at +8/= profit netting me approximately 50,000/=. Not bad at all! One of the things I was afraid of was delayed refunds - time value of money! They handled that very well. So I would be having my money back and 50k plus.
Why did I say 'in a way'? Because what is happening to the price is due to pure emotions. I don't use emotions as part of my investment strategy and therefore I obviously don't research on it - I'm not a speculator.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.