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| Wednesday, October 10, 2007 |
| FuJianZY |
This is the first time I've loaded on a counter without must historical charts to back me up. Loaded at $0.83 using CFD. While speculative in nature, there are some points to note. MACD seems to have resumed to build up momentum. Although it is in the overbought zone, it does have potential as it started trading during the subprime correction. CFDs are tricky in the sense that holding it for too long will erode profits due to fees and the nature of trend following will erode profits further. Primary target will be $0.92 which I will review again.
*Off topic Remark*
I do realise that while holding a position does give better returns in the long run, trading short term will generate cashflow, which is important at the current state (student in need of more cash). CFD will be the excellent platform to trade as it is more hasslefree than cash trading.Labels: FuJianZY |
posted by Nenix @ 9:39 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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