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| Thursday, October 09, 2008 |
| Rough Times |
It has been a looong time since I last blogged and I wonder if anyone is still reading. But nonetheless, I'm kinda tied at the moment because of work. Working in an Operations field is not easy. Long hours, bad pay, it really sucks big time. However, markets are bad and I feel we have to be more defensive when jobs are concerned.
With respect to my trading, long term wise, they are all downtrends, and naturally, I am very light on positions. I would love to short using CFD but because of job constraints, I'm worried that I might not be able to monitor closely.
I have not been tracking my position with respect to STI index but I have a feeling that I might be outperforming the index!! haha.. Will do an update on that soon.
Right now, other than accumulating some REITS, I'm just hanging around waiting for trends to turn. In fact, for a long term trend trader , this is a good time since when it recovers, it will be a new long term trend.
I felt that recenlty I have been doing ok. I didn't buy due to reashness and everything is in accordance to my rules. Stocks like RafflesMG, Asiaenv, Tathong, China Fish are all counters which i just followed my bro (fundamentalist). The only trend trading stock I have is SMRT.
Well, things seem to go dirt cheap and looking at the economic situation as a whole, things are starting to impact us. Jobless data, sales data, homeless data are all gonna hit us sometime soon and presto, I will be in a recession.
But this is an opportunity. So its best to save up now and wait till things settle down before loading in on properties and stocks. |
posted by Nenix @ 12:45 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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