Anwell - my first lesson in SGX
Anwell... this name rings thousands of bells in my head.. and i remember so vividly tat how it taught me to plan b4 jumping into the war since.
I bought it at 0.26 tat fateful morning.. and when market closes.. it issued a profit warning.
Ignorantly, i tot it was some good news, to my dismay tat i found tat was dead meat..profit warning le... the morning market reopens, it plunge to 0.17. haa, not to be beaten, i averaged it down. another 10 lots.. making total holdings 20 lots , average price 0.215.
I was thinking when it rebound, i would be able to recoup my investment faster..
and there it goes.. few wks later, 0.15.. i was flushed wif cash tat time, and decided to average down again with another 10 lots.. now 30 lots, wif average price of 0.19.
the more eager i am to see the reversal of price.. the more it drop.. till 0.12 .. i finally wake up. cut my first loss, close to 3k.. and yet so disappointed with myself, i picked myself up and with some luck during tat time, i recoup everythg back. :)
it brings back memories reli, to see how i am so lucky with the price of anwell now at 0.04
0.04 manz.. hopefully this company will be liquidated in future..
Ironically if u look at the shareinvestor book, it shows anwell having a super high ROE.
why? it just shows that those companies listing for IPO usually does in their peak! and after tat, its non-performing.. well, there's exceptional cases, but its for u and me to find out.
its reli tough coping with work and studies.. shag ar.... work is now in a complete mess.. haha, but nevertheless i will be able to work around it.
Life is not easy, but its not tough either.
I bought it at 0.26 tat fateful morning.. and when market closes.. it issued a profit warning.
Ignorantly, i tot it was some good news, to my dismay tat i found tat was dead meat..profit warning le... the morning market reopens, it plunge to 0.17. haa, not to be beaten, i averaged it down. another 10 lots.. making total holdings 20 lots , average price 0.215.
I was thinking when it rebound, i would be able to recoup my investment faster..
and there it goes.. few wks later, 0.15.. i was flushed wif cash tat time, and decided to average down again with another 10 lots.. now 30 lots, wif average price of 0.19.
the more eager i am to see the reversal of price.. the more it drop.. till 0.12 .. i finally wake up. cut my first loss, close to 3k.. and yet so disappointed with myself, i picked myself up and with some luck during tat time, i recoup everythg back. :)
it brings back memories reli, to see how i am so lucky with the price of anwell now at 0.04
0.04 manz.. hopefully this company will be liquidated in future..
Ironically if u look at the shareinvestor book, it shows anwell having a super high ROE.
why? it just shows that those companies listing for IPO usually does in their peak! and after tat, its non-performing.. well, there's exceptional cases, but its for u and me to find out.
its reli tough coping with work and studies.. shag ar.... work is now in a complete mess.. haha, but nevertheless i will be able to work around it.
Life is not easy, but its not tough either.
posted by impermance at 12:49 AM
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