05.26.06
Oslo stock exchange sucks these days.
My shares did good for a period of time, I own shares in Funcom, Tomra, Scorpion Offshore and Itera Consulting. Oslo Stock Exchange went straight up from October 2005 to May 2006, but then it crashed. My shares went down with all the others, and everything I gained has been lost. I went in with about $1800 and are probably down $150 now. Its not the worst loss, but it still sucks. At least I have learned something. I have to admit that my shares in Scorpion Offshore and Itera was nothing else than gambling. I bought because two major brokeres recommended to buy, and the market pointed straight up.
I have not sold any of my positions in those companies, I plan to hold on to my shares in Funcom untill Age of Conan has been released. I will probably buy more in Funcom as well, but I have no clue what to do with my position in Scorpion Offshore. Some say the oil price will go up again, that will definalty raise the value of them. On the other hand, the stock market in Norway is really bad right now and I never know what might happend. They are down 10% since I bought, so it was definatly a bad investment.