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| Wednesday, June 27, 2007 |
| Random Thoughts #5 |
In what seems to be the third day of the negative runs, we need to ask ourselves this question. What do we base our purchase decisions on? On trends? On fundamentals? On momentum?
Whatever may be, the decision you take now must be based solely on your exit strategy at the point of loading your position. Right now, similar to the February correction, many people are giving different views all over the place. Contrarians still gives views contrary to market sentiments. Big shots giving warning over the bubble building. Technical analysts saying that it won't hold if it breaches below 3500. Fundamentals still holding on to their holdings.
Different views, but all boils down to the same conclusion. If you are a fundamentalist, follow it through and through. Don't switch to technical beliefs just because of fear. Likewise, if you are a speculator, dont switch to investment mode just because you have a loss.
Right now, I'm trying to calm myself. Haha.. The last correction, I needlessly sold off KepT&T and that is one thing I really regret.. So now, im stickign with my rules.. unless maybe my CFD has hit its limit. hahaLabels: Random thoughts |
posted by Nenix @ 1:53 PM   |
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| NenixDreams Fund |
| Fund launchprice on 1st August 2006= $1
Target for 2007 = Beat STI index
Current price of NDF as of 1st Oct 2007 = $1.58
Current price of STI as of 1st Oct 2007 = $1.54
Difference with STI index is 0.04
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