lundi 31 août 2015

The day of great bargains

A week ago, I was somewhere in Utah, on my way to the fucking Antelope Canyon (beautiful place run by motherfuckers) and I was completely shocked by what I saw on the stock market. Almost all my companies were down a lot. What was happening? Did a meteor hit the earth? Did some new German fascist invaded Poland? It was a super-panic caused by nothing very exceptional: slowing growth in China.

I was shocked and excited. Richelieu Hardware (RCH.TO) was down like fuck. Allergan (AGN) was down a lot too. In fact, dozens of great companies were down 5, 10, 15%. I wanted to buy everything. But FUCK, I had already spend almost all my money left on friday, on a day that I thought was full of bargains. Such a fucking vicious fate. All I achieved to buy was a few shares of Concordia Healthcare at around 84$.

I'm still angry about that day. Such a day happens once every 2 or 3 years. And it passed right in front of me while I only had an Iphone on hand, in a place where I didn't have a lot of time to do some transactions.

Lesson learned: Fuck those trips in a foreign country. You better stay at home and watch stock markets every day. And even if you stay at home, don't stay away from you computer for too long.

For instance, if you're having a big crap, keep your computer on your knees. You'll never get rich otherwise.

2 commentaires:

  1. Don't feel bad.Even those that we here missed some of it as it happened so fast. If I'd known how far things were going to drop I would have put very low bids in. I did manage to pick up some Concordia, CGI and NHC at low prices but that was about it. However, things corrected again today, so I'm hopeful we will have more buying opportunities this week.

  2. Yeah, things are still correcting. Allergan is avalaible at a very good price for instance.