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| Monday, July 30, 2007 |
| Don't be too happy, Correction might not be over |
This time round correction seems to be rather short. On of the possible reasons is that during the price shock 2 wednesdays ago, most weak holders are already flushed out (this includes some of my holdings. haha) Thus this time round there aren't much weak holders to begin with. However, today might just be a technical rebound, thus it might not be over soon. Contra deadlines still not up since thursday, and they might cover as soon as it recovers for breakeven or small losses. This increased selling of the contras might push the market down again.
Nonetheless, most of the stocks are well supported at the moment, despite the drop, it is still within healthy range. But there is always this probability of uncertainty hanging around. So be careful. For me, I still have some cash available for bargain hunting, even though personally, i hope the price will just go up. For me, I dont mind buying at a premium because, this is the price to pay for higher certainty |
posted by Nenix @ 11:09 AM   |
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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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