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To Buy or Not to Buy, That it is the Question.

March 26th, 2007 at 03:25 am

Having done a rough risk estimate on Friday night as to whether or not Qantas shares were worth a punt at $5.06, and concluding that they were. I proceeded to second guess myself this morning when I checked the share price half an hour after the market had opened. QAN was trading down at around $5.03, while the general market had shot up at the open. This of course meant that either QAN was an even better buy, or that, with QAN continuing to head south while the market was trending up, I'd misread the prospects for the QAN share price. As I lack the "killer instinct" a successful trader requires (the same instinct that also made Leason loose 827 million pounds), I proceeded to dither and decided against placing an BUY order with a $5.00 limit.

Of course, after dipping briefly below $5.00, QAN shares ended the day up 1.8% from there at $5.09. If I buy some tomorrow the market is certain to drop a bit, and QAN shares will dip back below $5.00. And if I do nothing, they'll continue upwards and eventually they'll exceed the takeover price of $5.45...

This indecision is why I'm tending more towards geared investments in the market index. And, as many wiser investors than I have said before me, I hate losing money more than I enjoy making it.

Enough Wealth

1 Responses to “To Buy or Not to Buy, That it is the Question.”

  1. Gerard Says:

    I think the important thing with active trading is to make a decision and stand by it. It hurts to see the price drop after you make an investment (I bought China Life call options 2 days before the 9% drop in late Feb which meant I lost 50% of my investment in 2 days!!!) but it pays out eventually if you're holding for the long term...


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