13-03-2012, 11:37 AM
Lucky to collect quite a bit. I just need 1 to 2 of such big guns every year... and then whack big... then go back cruise pilot...
(07-03-2012, 12:33 AM)Musicwhiz Wrote: [ -> ](06-03-2012, 09:56 PM)KopiKat Wrote: [ -> ]It's rather illiquid though and it took me a while to collect a tiny stake without having to chase the price up (Yes, volume is usually that low). Unfortunately for me, it'd continued moving up a couple of cents every few days and I'd not been able to build up a more meaningful stake. Even today, with STI almost -60, it still refused to correct! Gotta be very patient here.
Haha I would think SIAEC is not that illiquid, being a blue chip in the STI after all. There are at least 50-100 lots transacted daily on average.
Unless you are a big collector, 50 lots is already close to $200,000; so I would think it's easy to accumulate a position slowly, over time; if one pumps in just $10,000 to $20,000 for each purchase.