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| Friday, October 20, 2006 |
| Trading Philosophy |
Once upon a time, in a village a man appeared who announced to the
villagers that he would buy monkeys for $10. The villagers seeing that
there were many monkeys went out in the forest and started catching them.
The man bought thousands at $10 and as supply started to diminish and
villagers started to stop their effort he announced that now he would buy
at $20. This renewed the efforts of the villagers and they started
catching moneys again. Soon the supply diminished even further and people
started going back to their farms.
The offer rate increased to $25 and the supply of monkeys became so that
it
was an effort to even see a monkey let alone catch it.
The man now announced that he would buy monkeys at $50! However, since he
had to go to the city on some business his assistant would now buy on
behalf of the man.
In the absence of the man, the assistant told the villagers. Look at all
these monkeys in the big cage that the man has collected. I will sell them
to you at $35 and when the man comes back, you can sell it to him for
$50.
The villager squeezed up with all their saving to buy the monkeys.
Then they never saw the man nor his assistant, only monkeys everywhere! |
posted by Nenix @ 9:24 AM   |
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| NenixDreams Fund |
| Fund launchprice on 1st August 2006= $1
Target for 2007 = Beat STI index
Current price of NDF as of 1st Oct 2007 = $1.58
Current price of STI as of 1st Oct 2007 = $1.54
Difference with STI index is 0.04
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