a new comer to the stock market

China
April 11, 2008 3:11am CST
I don't know much about the stock market, but i am intereted in stock market. It is a way to "get-rich-quick". But i appreciate a serious private investor, not the one who gets rich just at one night. In 2007, Chinese stock market was cazy,the bull market which the stock exchange index reached to higest point in the history of China. People at that time thought if you grabed the chance to buy any one of those heady growth stocks, you would have doubled your money. Almost every one on the street or in the office was talking about the stock market in 2007. Most of my friends and relatives poured all their savings deposits into stock market. Although they saw that stock markets were risky and they should be cautious in entering the market. They persisted that they would earn a lot of money in this bull market. But unfortunately they failed. The bull market turned into a bear market soon,they losted all of their money. I have a pity on them. but no one can help them get money back. Now I saw the chance to earn a little in the bear market, I bought some stocks at their lowest price and sold them in a little higer price, it is a good achievement since i am a new comer to the stock market.
1 person likes this
3 responses
• Philippines
14 Apr 08
Wow, ur already playing in the stock market!!! im impressed hehe. I recommend you to read buffetology by : Mary Buffet ^_^ sorry i cannot recommend names of stocks to buy because different market... you need to study each stocks carefully following the criteria of warren buffet. the greatest stock investor...and you will know what and when to buy ^_^ SMILE ALWAYS!!!
1 person likes this
• China
18 Apr 08
good advice,thanks
@jormins (1224)
• United States
11 Apr 08
All I can tell you is to be cautious. Some of my friends/coworkers are recovered gambling addicts and ironically all of them play the market pretty hard. Definitely stick to the principles to buying low and selling high if at all possible. I doubt this stock tip helps you in China but Wal-Mart is my stock pick right now over here. Yes they're terrible as a company/corporation but as people tighten their belts Wal Mart will be getting many more customers trying to save a dime. Can you buy Nike over there? Nike and Under Armour are two of my faves, UA prob not that popular overseas but I would think Nike might be a nice pick up before the Olympic games possibly.
1 person likes this
• China
18 Apr 08
Although I want to buy Nike and Under Armour, but overseas stocks are forbidden to buy here. Unfortunately the stock I picked is falling dramatically today, I am a little worried. But i believe there must be a rebound in a short time.
@weiyi5151 (120)
• China
22 Apr 08
firt .good luck to you .my friend my father made a fortune last on stock market last year. but unfortuanely he paied a little at last. to make me glad is he still earned a little than orignal.. thank goodness...