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Market View 20 August 2013
By Singapore Stock Lobang  •  August 20, 2013
The BIG news in the Money section of ST is that SGX plans to cut lot size to 100 shares. The move is to bring more retail investors into the market. I am quite skeptical about this move. We don't need more retail investors, what we need are more "educated" retail investors who know what and how the market is all about. If not it will be like a mass massacre when things turned sour or even worst. I know of some retailers who swear that they will never step foot into any stock again only to start "investing" when the market is soaring. Guess who is the one standing naked when the music stops? I believe such a scenario will keep playing for a very long time. Frankly, the market need such "investors" as they will be the one to pick up the tab, but it is quite pathetic ......
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By Singapore Stock Lobang
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