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| Tuesday, July 17, 2007 |
| Price to pay for not following my rules |
Remember last time i mentioned when I unloaded Rotary? I unloaded because of the short term weakness. Unloading is the right move but not all of them. Thus today, I loaded back some at $1.43, a premium of $0.23 when I last sold it at $1.20.
Lessoned Learned: Prices go up and down, and after a lengthy bull run, long periods of consolidation is expected. As long as trends of longer horizons are intact, it should be assumed that it will continue to trend upwards.
And .. ouch.. 23 cents premium is a high price to pay.
On the portfolio as a whole, the overall max risk that I bear have exceeded my level even though manageable risk are still within safety limits. Will have to see how it goes.Labels: Rotary |
posted by Nenix @ 9:36 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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