sometimes it sucks to be a retail investor…
Wednesday, 7 February 2007 20:42 pm
A few days back I was looking at a handsome paper profit on my Lenovo shares. They went up to 3.48 at some point while I purchased them near 3.00. A nice 15+ percent profit!
Then IBM decides to let go of 300M Lenovo shares they were holding at a price of 3.20. Voila the price dropped 7% within 15 minutes trading from 3.44 to 3.20!!!
IBM made their profit as they got in on a much lower price, but all those retail investors like me saw their profits evaporate in a few minutes.
What’s the lesson here? Well I guess you can’t beat the big boys.
If you can’t beat them, join them, so maybe I should become an investment banker real soon. Let me know if you have a vacancy 
/m