Saturday, August 07, 2010

Bought back NOL shares

After selling all NOL shares yesterday at S$2.12, I bought back them at the price of $2.08 today. I was speculating a fall in the share price after morning's financial report announcement despite of an expected upbeat result. Local investors tend to buy in anticipation and pushing up prices before actual real good news announcement. It seems to be true again this time round, with NOL's share price fallen more than 3% despite beating economists' estimates in earnings report.

Fighting with the psychological minds of investors is interesting! I've got my buy/sell transaction costs for my earlier batch of sale covered with this buy! Yippee!

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