I think I was make a wrong decision to bought BBCA (Bank BCA) stocks.
So, what make me bought BBCA ? I want to share with you.

I start my 1st simulation day with NO EXPERIENCE AT ALL.
This morning, when I open my HOTS program (from etrading.co.id) , I have no idea, which stocks must I buy ??

I try to send a SMS to my mentor Yonathan…he didn’t answer yet.
I know, maybe he still busy in the morning……,
So, I open the program, and try every features that HOTS had.
I open for the candle stick chart, sight seeing in severals emiten I known, like TLKM, BBCA, INCO, etc.
I look into TLKM, and I look into the chart, and that time the chart show me that the price  for TLKM was 11.350, and is cheap (my opinion), and I thought it will rise soon.
So, I bought for 1 lot, for total “money” Rp. 5.675.000……

I still “have” Rp. 4.325.000 to be invested in stocks market,
so I search another stocks that pretty look….
Remember, I didnt have any experience in stocks market….
I click and click again the program….and go to News - Rumors section.
And I found an analysis for rumors in Finance Sector.
“BBCA (7.450) - BUY : Setelah sempat mengalami minor koreksi, berpeluang kembali melanjutkan up trend dan mencoba menembus level 7.800. MACD dan Parabolic memberi peluang up trend akan berlanjut”
I try to look the chart…..and now the price for BBCA is only Rp. 7.350, so it’s CHEAP !! I thought….

So, I bought BBCA for 1 lot at total Rp. 3.650.000

what happen later ??

TLKM going up into 11.700…but, I didn’t sell yet yet.
BBCA going down into 7.150, and close at 7.250, but I didn’t sell it yet

It means, that the rumors what wrong !!!
Why ??

I call my mentor Mr. Yonathan….and he said to me…that the rumors issued by broker is just TECHNICAL ANALYSIS.
And NEVER AGREE WITH TECHNICAL ANALYSIS, UNLESS YOU HAVE A GOOD FUNDAMENTAL ANALYSIS

Okay….I got the point…..

So I must learn much more about Fundamental Analysis.

what will I do this morning ? (I write this post at 8 November 2007 1.34 AM)
Now, I look into bloomberg.com
And sadly….I found Dow Jones going down -258.41
So, it indicate that IHSG will be bearish tommorow.
so, tommorow morning, I will sell all of my stocks at the morning (when the market open).
And than buy again in the evening, when the market will be closed. I think the stocks will be discount at that moment.

wish me luck.

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