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Stock market

January 22nd, 2008 at 09:18 am

I glad that I sold my shares when I did last October, I had only a few hundred shares and they were being taking over by other company back then, since been taken over. At the time the value of that company was around $47.00 per share now around $31 and lost 97c today on the stock market. Many years ago I read a book that said to buy in bear market and sell in a bull market. I sold my shares at top of the bull market for my shares. Now I am a pension I will not be able to buy shares again. But most of my superannuation is mostly in balanced fund so all I can do is to ride it out now.

It’s a no spending day here.

Posted in | 2 Comments »

2 Responses to “Stock market”

  1. Broken Arrow Says:
    January 22nd, 2008 at 12:55 pm 1201006558
    1201006558

    Um, ok....

    Well, yes, I fully agree with buying in bear and selling in bull (though exact how that is done can be quite a topic).

    Er, sometimes a takeover, or even the prospects of one, can boost a flagging stock....

    But if you're already out and it makes you happy enough, then that'll do have to do. Smile

  2. Tightwad Kitty Says:
    January 22nd, 2008 at 06:16 pm 1201025810
    1201025810

    I didn't like to deal of the take over as part of it you had to hold part of the new compay shares for 4 years to a special bonus as the shares were droping at the time. I sold out two weeks before the shareholders meeting on the take out. With value of my shares being only one quarter of the new value and I would have had less then 100 shares in the take over company it wasn't worth the paper work.

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