Trapped Again on the Odd-Lot Market!

Is it a More Means Less?

I remembered clearly when I was trapped for that very first time.

 It was Dijaya!

The seller gave me one share.

I was stunned!

Would you believe it has happened again?

And so soon!

Lightning does strike you twice on the Bursa KL.

Let me recall the event.

This morning I was feeling a little bit gatal since I have some spare cash in my trust account.

Especially after selling the YTL WR recently.

So, I went into this counter which was touted grandly by the Government of Malaysia.

It's  IHH Healthcare Berhad, the second largest healthcare conglomerate in the world after HCA Holdings of the US.

Today, there is little spring in its steps, so it seems and it was languishing.

Let's backtrack.

It's IPO price was RM 2.80 and it opened up at at 8% to just above RM 3.00.

The highest it did was to touch RM 3.25

So, I thought it is a good buy below RM 3.20 this morning.

I placed my units for purchase at RM 3.12

Guess what?

That nasty chap sold me one unit and now there ain't anymore buyers.

Apa macam,tuan?

This meant that one unit of IHH has cost me RM 32.13 with a hefty overhead of RM 29.01!

Imagine it has cost me 10 X its board value  !! Gila-kah?

I gotta get in this afternoon to average down this monstrosity of a brokerage and overhead charges.

Tak boleh Tahan!

Bought in 100 units at RM 3.20 just to ease off the tension and to bring down that murderous overhead.

So, I am now stuck with 101!