Friday, November 9, 2007

Elaborations (please dont read if you hate a rant)

I need to speak, but you don't have to listen.

I have just been through a harrowing experience with the airport (SW and I are off traveling, me for 2 days, her for a week). The flight was delayed due to a hydraulics leak, so we waited (patiently) for 4 hours to be told at "re"-check-in that the plane could not be fixed and we would now be flying tomorrow morning...approx 13hrs after our initial schedule. Awesome. I'm not going into further details of how shockingly this situation and the proceedings afterwards were handled, let's just say, that was the 2 second positive overview of a 7 hour excrutiating experience.

Anyway, why do I chose here to write this? Well, because of the current state of the market. Todays report showed a definite "doom n gloom" review of the day's outcomes, but as we were about to board our original flight, we were taking one last look at the figures (hoping for a late rally) and saw the worst...the biggest single day loss since the inception of our analytics software (think Ginko crash and gambling ban...we have those numbers)

So, I am on the plane, slight air of concern (no, not panic) and discussing the potential impacts of a WSE or SL recession or the possibility of some SL or LL news that we were yet to tap into
and we were told of the unplanned disembarking and moved into the bar (of course). Excellent opportunity to recheck the markets' stats and make sure the "sky hadn't fallen in" ;)

It hadn't, there were a few (maybe 4...numbers are so insignificant at this stage and you can all scold us later for this) stocks trading slightly up and nothing much else had moved since the falls, so our slight of confidence was admonished and we both now retire for the evening in hopes of a fresh new day tomorrow.

What caused today's downturn?? WSE announcement of ATM troubles? (which is actually an SL wide issue that happens quite regularly)...I doubt it.

Open for some discussion here...as our sources around the news postings and blog-(community...I hate that other 'coined' term) were uncharacteristically quiet.

Hope you all have a fantastic weekend and if you are traveling(do Americans spell this differently to Australians? I thought it had 2 'll's?), I wish you safe and seamless passage.

Kind regards,
Logansan Oh
- CEO, Chairman

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