994 - Shares (Creative)

Currently, I am desperate to get hold of Creative shares. My ideal amount to buy is around 6000 shares. They have a total of 70 million shares. If I can get around 6k of it, that means I will be one of the 11,000 people that own it if everyone owns 6k shares.

Why do I suddenly want to buy Creative shares? I see they have a great product coming out, and I even ordered one for myself. Sadly, the price has been rising aggressively, from below S$2 to now S$2.55. I actually placed a trade at S$2.16, but only managed to get 50 shares. I wasted my commissions on it, lesson learnt.

The other reason that the price has gone up so much is because just yesterday, there were news that Creative wants to sue Samsung and Apply for copyright.

I read their financial statement in office. For me, who is a newbie in reading the statements, I can see that Creative is pretty healthy. They have high cash and equivalent, and low debt. Less than half of the assets is debt I think. The main thing is they have this product that I fall in love at first sight. It is the Sound Blaster Roar. I believe that product alone will prop their diminishing revenue trend.

I bought the share at 2.61 today, using a broker. The commission fee is 40 bucks. Later, I will set the price at a lower level, to see if it triggers.

Interesting, there is a shooting star that may form. The preceding Candle will determine if it is. For tonight, I will just set my trigger at around 2.3.

Regarding my business wise, China side has finally received my sample cap. And now they are working in making my product.

And Forex wise, I am reading a Steve Nison book about Candle sticks.