Once upon a time- a long time ago, I worked for a company that tried to earn some extra money by moving their excess cash around before paying their bills.
So, the thought occured to me, that maybe some companies, try to shore up their share price by buying a large number of their own shares, you know, to stop day traders from mucking up the share price..
I don't know if that actually happens, but with so much volatility in the market, and having worked as an external auditor of systems, I sort of get that feeling...
I didn't want to, but I sold off some stuff today.
you know that feeling of reluctance. It's so hard to call it quits and give up on what you thought might prove a winner...
I owned some Sirrius once (ASX:SIR) and sold off too early...
and now I regret it.
But maybe it's better to take your money and run, and live to invest another day...
Who knows?
Remember we are not financial advisors..
Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach.
Ref standards:
AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
Megamoneybox address is http://Megamoneybox.blogspot.com.au We try to help you earn money on the internet.We give free share trading tips. We aim to educate and enthuse. We are in Australia in the land of the Sun. We are asset management and risk consultants, are not financial advisors. You Trade at your own risk. We could be wrong. So do your homework. Go to our other blogs to de stress. We are not big risk takers. We asses, investigate, analyse and then decide.
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We are not financial advisors. We are asset management Risk consultants. We try to help you to make sense of the sharemarket minefield. You MUST take your own risks and make your own decisions. Therefore you must do your own research. Any comments shown are not those of the owners of Megamoneybox or subsidiary companies.