Starfish Swing Fund
I was really too tired to post last night, my sincere apologies.
I sold off Stamford Tyres at 55 cents and Fischer at 40.5 cents yesterday and Electrotech at 55 cents today. The reasons for selling may not seem rationale as I sold basically because i think a correction on the China stocks is imminent and if it comes, it will be swift and deadly and i do not want to be caught in this sell-down. Perhaps i am over-reacting, but when i am in doubt, i will stay at the sidelines.
The reasons why i thought a correction is imminent because the regional markets has started their correction (Nikkei and Hang Seng) and the US market has already corrected for sometime although i must admit that Singapore has been fairly resilient! :)
Frankly, i also dont know why but i just feel like being 100% cash. In fact i would have shorted SIMSCI this morning if i am not tied up with meetings! :(
Anyway, here is the updated result of Starfish Swing Fund. Nothing fantastic i guess. :)
I sold off Stamford Tyres at 55 cents and Fischer at 40.5 cents yesterday and Electrotech at 55 cents today. The reasons for selling may not seem rationale as I sold basically because i think a correction on the China stocks is imminent and if it comes, it will be swift and deadly and i do not want to be caught in this sell-down. Perhaps i am over-reacting, but when i am in doubt, i will stay at the sidelines.
The reasons why i thought a correction is imminent because the regional markets has started their correction (Nikkei and Hang Seng) and the US market has already corrected for sometime although i must admit that Singapore has been fairly resilient! :)
Frankly, i also dont know why but i just feel like being 100% cash. In fact i would have shorted SIMSCI this morning if i am not tied up with meetings! :(
Anyway, here is the updated result of Starfish Swing Fund. Nothing fantastic i guess. :)
posted by Starfish at
1:18 AM
0 Comments:
Post a Comment
<< Home