I wrote regarding Nickle Asia priced at 18 in OTC market. That was from online forums I read. I am not a trading guru. I don't have a very good understanding of what OTC means. I said from my previous blog that I will check its meaning. As promised, here's what I gathered from looking online :-)
From WikiPedia:
"Over-the-counter (OTC) or off-exchange trading is to trade financial instruments such as stocks, bonds, commodities or derivatives directly between two parties. It is contrasted with exchange trading, which occurs via facilities constructed for the purpose of trading (i.e., exchanges), such as futures exchanges or stock exchanges."
Tomorrow is Nickle Asia IPO. Hopefully I will get a good profit from my 800 shares (nice one BPITrade) :-). The problem that I am facing really is how will I execute my tradings tomorrow since I will be attending company training the whole day! Maybe I should step out of the room before 9.30 and check the price and post sell. So, how about my plan for day trading Nickle Asia? Hmmmp... How about drinking lots of coffee to have reason going to comfort room? Or maybe using my 3G phone and trades under my desk :-). I just hope our instructor would not mind me...
Good luck to us on Nickle Asia! Go Go Go!
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