Wednesday, August 16, 2006

Good times!(LOL)

My second most profitable day on the stockmarket occurred yesterday, with Chartered Semiconductor covered call-warrants netting me a 50% gross gain or $1164 nett.

But it’s also achieved on the back of UOB Kay Hian earning only 7.5% of this nett profit as commissions, the lowest such number this year.

The most profitable day of course was ,ironically,also the day of my grandmother’s wake.

But as I had earlier mentioned, these modest sums are merely compensation for a largely disastrous year on the S’pore bourse, and ironically also, it’s the covered warrants that provide these sums, as well as inflicted the losses. Ergo, they are highly risky instruments of almost pure speculation.

Thinking of how to celebrate his achievement over such a brief period of time. Perhaps I will splurge on a hundred plus dollar meal(a huge luxury for one such as myself) or buy a nice pair of jeans.

And on my mind is also how to not allow myself to be emboldened by this brief success to cause greater and greater stakes to be waged out of self-confidence more than hard research.

Oh, yes, a large, white painful blister also sprang literally overnight from the sole of my left foot, causing me to limp or compensate by walking on the inside edge of my left foot.

The doctor who saw me(my one-time godmother) gave me today off and so I am writing this in Long John Silver’s over a leisurely breakfast and a cuppa.

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