Hi,
It has been long time since the last posting. I have been ill.
The events in Cyprus have reminded everyone that problems in Europe haven`t been solved. The 'solution' of a bank levy has scared people and the prospects of civil unrest looms. Even if these problems are resolved (prospects look bleak), Luxembourg seems to be the next one to inflict/endure more of the same.
Picking stocks in this kind of a market has proved extremely difficult for me. Shorting the market seems more logical and profitable.
My Portfolio:
Symbol, Entry Price, %Gain, % of Portfolio
GOLDBEES, 2849.23, -1.48%, 55.64%
WIPRO, 449, -3.22%, 1.61%
CASH, 0.00, 0.00%, 42.75%
Explanation:
1. GOLDBEES: Gold has gone up about 0.50% , as a result of the crisis in Europe. It should go up more in the near future.
2. WIPRO : IT seems to be moving with NIFTY. It seems to be the one with highest probability to do well, if the market moves up.
Also,
1. SONASTEER - This stock fell and broke my 10% stop-loss. I cut my position. :annoyed:
Thanks for reading,
Amit
It has been long time since the last posting. I have been ill.
The events in Cyprus have reminded everyone that problems in Europe haven`t been solved. The 'solution' of a bank levy has scared people and the prospects of civil unrest looms. Even if these problems are resolved (prospects look bleak), Luxembourg seems to be the next one to inflict/endure more of the same.
Picking stocks in this kind of a market has proved extremely difficult for me. Shorting the market seems more logical and profitable.
My Portfolio:
Symbol, Entry Price, %Gain, % of Portfolio
GOLDBEES, 2849.23, -1.48%, 55.64%
WIPRO, 449, -3.22%, 1.61%
CASH, 0.00, 0.00%, 42.75%
Explanation:
1. GOLDBEES: Gold has gone up about 0.50% , as a result of the crisis in Europe. It should go up more in the near future.
2. WIPRO : IT seems to be moving with NIFTY. It seems to be the one with highest probability to do well, if the market moves up.
Also,
1. SONASTEER - This stock fell and broke my 10% stop-loss. I cut my position. :annoyed:
Thanks for reading,
Amit