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Wednesday, October 14, 2009

Hope Lorenzo stock will stay or prosper

I learnt today that a friend actually bought Lorenzo stock without doing much study after getting some tips from colleague. It is said that the stock will rise further to S$0.18 per share. Today, Lorenzo ended higher by 21.739% to close at S$0.140.

I wouldn't and dare not comment on this particular stock since I have little knowledge of this company, except that it is a furniture making company. It's important to constantly remind myself not to be tempted and end up chasing stocks purely on market expectations.

What I can do now is to cross my fingers and hope the tip is accurate and Lorenzo stock value to stay or prosper near S$0.18 range.

Disclaimer: I am not responsible for performance of Lorenzo's share price neither do I know the accuracy and the source of the "tip".

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