Club Mulgoa

Tuesday, December 28, 2010

KRL

I bought when it floated. But that parcel generated a big loss for me as it was purchased prior to GFC. Luckily during the Greek financial crisis, I topped up. But it went lower. So I topped up again. Faith or stupidity?

Today an Indonesian company virtually taken it over by injecting money into it. So, the share price has jumped. I am still a little underwater but able to breathe. Had I not topped up, with confidence, I would have been swimming deep under the water. With so much coal in Kalimantan, I was puzzled why KRL share price remained so low. When the market has digested the facts, I expect KRL share price to go up a bit more.

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