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| Wednesday, July 18, 2007 |
| POEMS system sucks |
Well, Today, as most will know, has been quite a frenzy. Received numerous low alerts, thus I liquidated most of my stocks unfortunately, at a loss. But what pisses me off is this. The POEMS system really sucks. I queued to sell at the buying price. So why not process it immediately? Its understandable if it's still falling but that's not the case.
My mapleTreeLog was submitted at 16:06pm only to be executed at 16:35pm. My AsiaEnv was submitted at 16:09 only to be reported at 17:28pm. The reason I signed up for POEMS is for the supposed convenience. And now, at the time of writing, which is 17:44 Singapore time, the order i submitted for MiddleEastD at 16:48 has not be reported.. This is pissing me off big time.
I guess, in the end, it is my brokers (POEMS and amFraser) that helped me. Technology always seem to fail you at the most important time.
I will update my transactions when I reach home today. Similar to Febrauary correction, I've liquidated most stocks, but like I mentioned in my posts earlier, I kept the base of most stocks that still holds the trend.
NB: POEMS finally reported the MiddleEastD at 17:52. Brilliant.. And, I guess if this carries on, we will be seeing contra-players-turn-bankrupt news on papers and tv soon. |
posted by Nenix @ 5:31 PM   |
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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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