What can cheer one up in a period when daylight is so scarce? Mikołajki - a Polish custom of giving token gifts to your near and dear is still alive. For five years of studying of SGH, where there are no fixed student groups I’ve forgotten how it feels, but this year I got caught up in the exchange of gifts in my office. My boss drew a person on my behalf and handed me a slip of paper containing the name. At the beginning I thought it was a considerable nuisance, as deciding what to buy to a twenty years older woman seemed a hard nut to crack. But then I used my brains, found my colleague’s profile on Goldenline and discovered we both are fond of U2 music. After a short research in the Internet I ordered a book “The Name of Love” about the band’s lyrics. Another colleague watched her reaction on Monday, when the gifts were handed (I was absent) and said she had been pretty delighted. I picked up my present on Thursday. I think the hand-painted bauble will be a nice decoration, but surely also proves someone had no idea what to buy (I was tipped off that one guy from sales (rather reticent) does it in his spare time). Next Friday we have a Christmas party – something I haven’t enjoyed since 2005. SGH is not really conducive to socialising…
The centre of Warsaw is lit by Christmas decorations. To the right – ul. Emilii Plater, modernised this summer is designed be the high street of Poland’s capital to bewitch Warsaw’s inhabitants and tourists. There are always some people who stick around there every day and who don’t take notice of its brilliance. I took a few snaps in the dark, without a tripod, on the display of my camera they seemed sharp, but after transferring them to my computer the photos turned out to be a bit blurred. Maybe next week I’ll take the camera again to get it right.
A widely publicised event held yesterday was a Złota 44 construction reopening ceremony. Orco (property developer), after a court handed down a ruling favourable to the developer and thus brought the dispute over the building to the close, is going to resume construction works in January. Façade of the building should be finished by Euro 2012 and the building will be finished by the end of 2012. Time will tell if the splendid edifice will overlook Warsaw, but yesterday’s ceremony was nothing but a misfire. I don’t understand what the whole hype about the whole 15-minutes long event was about. They played some music, lit the building with flashy spotlights and thus thanked Warsaw for patience. Some people stopped by to watch the so-called show, but majority remained indifferent.A step in good direction is the new timetable of suburban trains. Substantial improvements in transport links from my suburb to Warsaw will come into effect tomorrow and I’m glad to learn about it, as from 1 February 2011 I plan to commute by train. From tomorrow on, there will be five trains between 7:00 and 8:15 (including three double-deckers) and eight between 6:30 and 9:00 (four double-deckers). I only wonder whether the services will be reliable. During last two weeks cards were stacked against them. In the long run I plan to commute by car and leave it on P&R Okęcie (currently under construction), next to W-wa Okęcie bus & tram terminus and then take a tram to the centre. The only problem is how to get there before the dual-carriageway bypass of Warsaw is built… I’ve heard local roads between Dawidy and Raszyn are jammed in the morning. And if more trains run in the morning, will it mean more people will drop their cars and go to town by train? Will the carriages be packed?
Now a small request to Mr Santa Claus. I bought some stocks in late November? Please bring me a substantial rally and keep all skeletons in the cupboards locked up until the end of the year.
2 comments:
Out of interest, which stocks are you hoping to rally?
December is not usually a good time for stocks. Too many people closing out positions for the year end and a general lack of interest. Hang onto them until March at least is my advice.
My bets were for the end of the year were Tauron Polska Energia, PGE, PKO BP, PZU. Three out of four were right. I won't tell you how about mid-caps and small-caps, but out of blue chips I would keep away from Pekao SA (overvalued), TP SA (non-competitive too much capital expenditures along the way), TVN (beaten off by Cyfrowy Polsat, the company you hate guts). I will still hold Tauron PE and PGE, but prospects of energy sector in Poland are not bright (investment in infrastructure required, indistry subject to state regulation). Banks can fetch a decent profit as their bottom line should be more impressive next year (although it has to be said the time for rallies is over). I could also place bets on PKN Orlen or Lotos, as long as the government doesn't wish to cut their profit margins (a rather improbable variant).
I think many people hold off on selling stocks that have brought them profits, they sell bad stocks, to decrase their taxes, I also wait until at least 29 December (transaction are cleared three working days later, hance I'll have to pay the tax in early 2012).
Post a Comment