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| Tuesday, July 31, 2007 |
| Pennies Down |
Seems like its pennies again. similar to the price shock 2 weeks ago. Wonder whats going on now? Seems like they are really trying to shake off the weak-hearted. I guess tonight when I reach home, Ferrochina's mid-term indicators might be hit. And if it does hit, I guess this will be a very bad month for me.
Positives is that I am still very calm now despite whats going on. Heh, so many up downs have made me quite numb already. The thing is to try to see the bigger picture. Will update again after going through the technicals today.
P.S to those who are starting to invest soon, my suggestion is to wait for the tide to turn first.
P.P.S After reading some SI forum threads, I think its because of forced selling. 18th July is the period of price shock. Market then seems to recover on 23rd. Most might be going into contra positions again. And today is the due for force selling. Well, its just talk, but if its due to forced selling, then its understand. |
posted by Nenix @ 4:44 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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