Today i am in a capital preservation mode.
...I just counted my lucky stars for getting out of Asian Pay Television Trust safely. Despite my own initial "chopped chilli" rating, i was swayed by the somewhat "improved sentiments" and decide to "punt" the IPO and against all odds, actually managed to get 36 lots from ATM and amazingly i actually got out for a small profit of ~$1,060.
I am quite glad that my decision to punt the IPO didn't affect the majority of the readers since i made up my mind only about 1hr before the application closes. On hindsight, the risk reward is just not worth the effort and i should not have done this. I should just have told my broker to allocate my 1 lot from placement to someone else. Having said that, if the price has opened below water, i ...