|
| Tuesday, November 25, 2008 |
| Midst of Chaos |
In this point in time, i guess most of you know that we are in the midst of a long recession. However, this does not mean that it is a bad thing. After all, you seldom see such phenomenon occur and we should in actual fact capitalize on this once-in-a-lifetime kind of recession. Right now, I am accumulating cash and waiting for the long term trend to turn favorable. It is tough being a long term trader because more often than not, you actually go in at a not-so-attractive price and will have to stick through the volatility. However, being set on a longer horizon, i will not be whipsawed by the swinging prices.
Right now, the only stock portraying a long term uptrend is SingFood. I have entered quite a bit and will decide to hold till the long term trend bends downwards. If you ask me, i am unsure if this is a sure win stock. From reading up, this is just a good defensive, high-dividend yield stock. However, its technicals display a strong upward trend. it might be undergoing some correction now but lets see how it turns out after a few months.
P.S it has been a long time since i last blogged and i think its partly due to work. Working in the financial sector is tough recently and on top of that, working hours are insanely long. 12hr working days are not surprising and for the past months, working till 12am or 1am is nothing worth mentioning. Hopefully, things do die down for now, so i can focus on scanning for bargain buys. |
posted by Nenix @ 6:55 PM   |
|
|
|
|
| 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
|
| Links |
|
|
| Tools that Generate Passive Income |
|
| Previous Post |
|
| Archives |
|
|
