Investors who were bold enough to take a chance at the firstsigns of a rebound that the Stock Exchange was showing in March2009 had the rare opportunity to triple their money in oneyear.
With 10,000 RON invested in the ten stocks forming the BETindex, an investor would have gained 18,000 RON over the past year,and a similar investment in bank or SIF (financial investmentcompanies) shares would have generated over 24,000 RON profits. Theprofit could have gone as high as 60,000 RON had one bet on CondmagMedias (COM).
After a disastrous 2008 for stock market investors and a startof 2009 that dashed all hopes of ever recouping something, inMarch the market showed the first signs of a rebound. Those thatwere bold enough to bet on the market rebound in the beginning andhad the money to do it, were able to get fabulous profits in oneyear, which will be hard to match over the coming years.
"I had clients who had a hard hit portfolio before and nolonger had the courage to take a chance and now are sorry theydidn't, and clients who went ahead and took it, came up with moremoney and won," says Ciprian Zah, the broker of Cristescu brotherswho gained 5.7 million RON in the past year betting on DaforaMedias shares that rose 500%.
