The Singapore stock market is going crazy these days! The ST Index racks up the biggest one-day gain in 5 years yesterday. The pre-Chinese New Year super bull-rally is coming!!!
First there was a news report of a corporate tax cut in next month's budget, then there were glowing reports from foreign experts about the local market. My broker told me that foreign cash is flooding into local blue chips. 'Flooding', I like that word. I would like to be flooded with cash. k-ching! k-ching! I could almost see the $ signs appearing all around me.
I have taken the opportunity to sell off some of my lousy shares which I have been keeping for years. Let's hope I could clear off the rest, so I can strategise riding this hot bull. Whew!
The most infuriating thing is after I sold my shares, the prices shot through the roof. WTF! I'm such a loser. It's like the market was waiting for me to sell so it could move.
I have the honour of sitting in David's brand new BMW this morning. This bugger had gambled on Genting International last year. He bought 500,000 shares at 30 cents each. When the bid was announced, the shares flew. He sold at S$1.16, profitting a cool S$400,000! Cash.
He told me to buy & keep but I was skeptical it would get the bid. I did buy a little but sold it before the bid was announced. He asked me to go in when it dropped to 90 cents but I thought it has shot up so much, a correction was due. The share price never turn back! David bought another 200,000 shares and is hanging onto it for dear life.
And he just told me he also bought Star Cruise share at 21 US cents. The share is top volume today at over 60 US cents. Arrghhh!
Besides banging my head on the walls and beating my chest, nothing could console me for seeing the money whiz by. And to hear some blardy pals coming into the shop to boast about their big gains in the stock market was more depressing. At this rate the stock market is going, you can blindfold your eyes and throw a dart at any share, it will rise.
David gave me a 'hot' tip. I hope it brings me a fortune. I'm pouring my money into this share. And if it doesn't move, I'm gonna bash David to a pulp! muahahaha.......