Friday, October 12, 2012

Bought Google at 753.74

It had a recent high of 774, that is an all-time high. My stop is at 690. This is a keeper stock meaning I will trail a loose stop if the price goes high. Remember risk small.

I doubt anyone is following my trade or will follow, because I always seem to buy at a high price. Well what works in normal life certainly do not work in the financial markets. People always want to buy cheap, me too. I always look for bargains in the supermarket, in restaurants, in the Great Singapore Sale etc. And once upon a time I do look to buy cheap at the stock market. Now I simply don't. What's cheap tends to get cheaper as it really reflects the weakness in the stock.

Notice that with my previous pick of ST Engg, my trailing stop was quite tight. For Google, I am having a loose trailing stop.

Please view the chart of Google here: (do some work and click on the link, will ya, I hate to spoon feed pictures in my blog, because anyone can access it on Yahoo Finance or MSN Money, and this is not a photo blog)

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