Tuesday, September 11, 2007

Broken Future!

A dumb move. Putting a minimum brokerage charge of RM40 ringgit on all trading activities on Bursa Saham Kuala Lumpur beginning 2008. The inclusion of this dampener will immediately dry up retailer enthusiasm and drive them away from the Bursa. So with that one deft stroke, the powers-that- be had done the greatest disservice to the investing community in Malaysia and elsewhere. We await a graveyard atmosphere next year almost devoid of day traders, speculators and small-time buyers.

Like the photo of the broken bottles of beer above, the small man's dream of making some money on the market is now beyond reach!

Say good-bye to Bursa, won't you?

Heartsong

No comments: