The Lorem Ipsum Blog

October 29, 2008

Stocks purchased today :-(

Filed under: Random blurb, Stock Market — vasant @ 6:10 pm
Tags: ,

Looks like I should start reading my own posts. Even after posting the previous mail about why to buy stocks :( , I ended up buying a couple of them today. And to top it, this is what my astro prediction for today reads like, “

Decisions made in haste today may be regretted, so today make your decisions with much forethought and consideration. Do not choose your path hastily or you may find that your choice was a mistake. Decisions you take with the best intentions at heart will bring you fulfilment in the end.”
Although I bought stocks with price to bookvalue ratios of less than half, given the current choppy conditions you never know what might happen. From now on much more attention should be paid before any stocks are bought. I have the advantage of investing really small quantities so not much impact on me personally even if the markets were to go down from here. Bottom hunting is now of no use or so it seems now. You should get in with whatever spare cash you have keeping a long term view. Maybe I should wait till my job gets permanent which it should given the way the company has been expanding the team. But still, I should wait for the job confirmation else things can get too bad.

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