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| Friday, November 02, 2007 |
| 2nd Nov update |
This doesn't look as good as I thought. Currently, it is trading sideways, and this spells trouble for trend followers. As trend followers need affirmation, it usually takes some time for it to go up before I enter. Likewise for exiting. But current trend will make me buy and sell very frequently causing me lots of unnecessary costs.
Anyway, my current week is not good. Firstly, my counters are in the red. Secondly, which is the more important one, I have used up most of my funds. This don't spell good news as after another shock, I would have to cut my counters to get the stock I want.
Anyway, I am bullish for this year and maybe we would see lesser influence from the US on the current market (Not fundamental wise, but sentiment wise). I am now at $1.47, which is not ideal.
Next week will be a better week :)Labels: NenixDreams Fund |
posted by Nenix @ 9:14 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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