Thursday, July 31, 2008

I didnt purchase stocks

Today I came to the office early in the morning.

Today I decided to buy 100 stocks of Tata Power on margin. I had seen the global indices and it were positive.

But after 10-15 mins I came to know that their is no electricity in the office and machines are running on UPS. Their are very less chances that electricity will come early. So I canceled my plan to buy stocks as I will not able monitor if market is going UP or DOWN.

After some time Nilesh came to the office and he purchased BHEL, Adity Birlas More and Tata Steel. He told me that these companies are going to declare their results.

And in the evening he told me that he earned 900 Rs.

Any ways I am not feeling sorry for my move, but I am happy that I took right decision. Market is not a blind game and should not be played on luck. It was his good luck that he earned money.

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