Yesterday Samsung Electronic shareholder meeting was held and announced the 3th quarter earnings. It beat the expectation of market. But it is a china market that all smart phone companies have to focus on. Then the sales of Samsung smart phone in China turned out to decrease steadily due to a dramatic increase of sales I phone series and China domestic smart phones. But the 3th earnings of Samsung was not bad rather a little bit good because of effect of currency exchange rate. By the way Samsung announced many plan to bolster the value of shareholders. One of them is a plan to buy 11 trillion won worth of their stocks back and retire the shares or cancel. 11 trillion won is tremendous amount of money. It is enough to boost substantially lifting the price of Samsung shares. But we have old saying about stocks. Buy stocks from a rumor and sell them from the news. So I sold my all Samsung stocks. The worst is that the price of the stock that we sold already is going up. The price of stocks is going up today.
CORRECTIONS:
Samsung Electronic shareholder meeting was held and announced the 3th quarter of its earnings yesterday. It beat the expectation of the market. All smart phone companies should focus on the Chinese market. The sales of Samsung smart phone in China had decreased tremendously due to a dramatic increase of sales of the Apple I phone series and China's domestic smart phones. But the 3th earnings of Samsung was not bad rather a little bit good due to the effect of currency exchange rate. By the way Samsung announced its plan to bolster the value of shareholders. They want to buy 11 trillion won worth of their stocks back and retire or cancel the shares . Eleven trillion won is a huge amount of money. It is enough to lift the price of Samsung shares. But we have an old saying about stocks. Buy stocks from a rumor and sell them from the news, so I sold all my Samsung stocks. The worst was that the price of the stock that we sold already was heightened up. The price of stocks is going up today. |