Stocks...

IT companies have taken a bad beating. America's ripple effect was felt on our stock market, and particularly my company's shares, which I believe fell to its lowest point ever.

When it reached just over half the value it had in January this year a few days ago, I went about telling everyone whom I met to get the shares, as there was no way they were going to fall any further. I even used words like 'deal pipeline' and 'corrective actions' to make people think I am talking sense. Some people fell for my pitch and did indeed invest.

I might add at this point, that I have absolutely no knowledge about stocks. I have never dealt in them, bought them, traded them or even understood them. Whatever I doled out was always on 'gut feeling'.

Ofcourse, what I feel is completely irrelevant, and the stock value plummeted by double digit percentages. Thus, since yesterday evening, I have been telling all I meet : "Yes, I know for sure, this is the lowest the share will ever go".

Even my dad fell prey to my entusiastic advice and went ahead and bought a few of the COs shares. Or Maybe he just didnt want to disappoint someone who had uttered his first words of financial relevance.

Ofcourse, the market responded to my enthusiasm by promptly shaving a few more percentage points of The Stock. This was bad.....the first ever financial 'advice' I gave to a family member resulted in an instant loss :(

I believe, this puts an end to my career as a stock advisor :( .


PS : Why did I do this ?
As an ITDonkey, out of necessity ,I have to keep exploring other career options.
Watch this space for more of my 'explorations' into unchartered waters.