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| Tuesday, February 26, 2008 |
| Volatility ... |
Recently sold of Asia Travel at a loss as it hit my criteria. At the moment, though market seems to be recovering, it should be viewed as a technical rebound. In the past, people buy on dips and it was a good strategy because it was experiencing a macro bull run. Now however, tables have turned and we are possibly experiencing a macro bear run.
Lets think of this in reverse, in the past, whatever you buy at random, chances are that it will rise. Today, whatever you buy at random, chances are that it will fall. Shorting on strength seems like a wise strategy. However, the financial charges incurred and the upward bias of stocks makes this strategy risky. Thus, we are left with picking the strong counters. Strong counters will still exhibit upward trend. Thus one should still keep your eyes peeled for such counters.
At the moment, it is volatile and unless you are a day trader, you would find such situation frustrating as it goes forward and backward without progress. Anyway, we would know if its really a recession when things calm down. |
posted by Nenix @ 12:03 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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