and the earnings came
July 25th 2006 14:33
How would life be if prices of daily goods like food fluctuates every minutes of the day? much like the stock market with everyday being a different day of new prices. (please pardon the thinly traded stocks) Life will definately be a havoc, for keeping an eye on the prices, and certainly, shorter life span for most of us.
But shorter life span is still possible if one participates in the stock market (ringing bells for noise traders!) if one does not expect the unexpected.
The higher earnings expected by analysts, as mentioned on friday post, were expected to lift the market once the earnings annoucements are released and what could be better other than BHP Billiton reporting a whopping USD 10.5 billion profit! The market shot up with the ASX S&P 200 benchmark index adding 1.2%. Just yesterday, the market was blue, very blue. BHP Billiton, a resource giant and a heavy weight by market capitalisation, can certainly lift the market (provided the conditons are ideal), how nice if insider trading before corporate annoucement is legal. Unfortunately it is not.
The benchmark index performed well today but yet to beat last thursday performance of 2%. The US market actually helped to lift the tuesday market which made an opportunity for possible profiteering. Why not hold the stocks longer? possible explanation: hazy outlook for better market performance. Why? Answer: as days pass, the inflation hike is almost to be sealed by the RBA. But then again, always expect the unexpected.
But shorter life span is still possible if one participates in the stock market (ringing bells for noise traders!) if one does not expect the unexpected.
The higher earnings expected by analysts, as mentioned on friday post, were expected to lift the market once the earnings annoucements are released and what could be better other than BHP Billiton reporting a whopping USD 10.5 billion profit! The market shot up with the ASX S&P 200 benchmark index adding 1.2%. Just yesterday, the market was blue, very blue. BHP Billiton, a resource giant and a heavy weight by market capitalisation, can certainly lift the market (provided the conditons are ideal), how nice if insider trading before corporate annoucement is legal. Unfortunately it is not.
The benchmark index performed well today but yet to beat last thursday performance of 2%. The US market actually helped to lift the tuesday market which made an opportunity for possible profiteering. Why not hold the stocks longer? possible explanation: hazy outlook for better market performance. Why? Answer: as days pass, the inflation hike is almost to be sealed by the RBA. But then again, always expect the unexpected.
| 51 |
| Vote |
subscribe to this blog
