General offer by Cathay Asset Management at 48c. Given the NAV at 66c, there was no way the offer would go through.
Yesterday after expiry, Jaya shot through the roof. Closed at 60c.
I wish I had bought more seeing such a good opportunity.
Sigh.
It's really funny that we investors always like to let our loses run and we are so quick to exit on the slightest gains.
Funny human emotion when it comes to investing.
It's probably the greatest threat to investment success.
Saturday, April 02, 2011
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