Tuesday, October 18, 2005
Kirubakaran: Inflation?
i read about the fresh inflation fears. sold WMT for a net profit (ie. after commissions) of $0.10. i expect it to fall and i might buy it again at a much lower price
i have put in a limit order for GOOG at $307. 20th oct = earnings announcement date. i don't want to hold it over that risky period. it is trading for $306 now and if it sells for $307, it will be a profit for around $40 after commissions.
share prices are not dropping like a stone despite inflation fears because of the reduction in the price of crude. the moment another oil price hike news comes in, all stops are going to go and the market will bite the dust (at least for some time). don't despair - buying opportunity.
but don't trade based on my views. u might get burnt. share ur thoughts please...
before u ask - i have done absolutely nothing on the game... please hold on. ¶ 10:27 AM
i have put in a limit order for GOOG at $307. 20th oct = earnings announcement date. i don't want to hold it over that risky period. it is trading for $306 now and if it sells for $307, it will be a profit for around $40 after commissions.
share prices are not dropping like a stone despite inflation fears because of the reduction in the price of crude. the moment another oil price hike news comes in, all stops are going to go and the market will bite the dust (at least for some time). don't despair - buying opportunity.
but don't trade based on my views. u might get burnt. share ur thoughts please...
before u ask - i have done absolutely nothing on the game... please hold on. ¶ 10:27 AM
