thor - I don't really see the problem, the markets in my view are still in down trend, and just showing some volatility that's all.... that's also where money can be made if you play your cards right, doesn't mean that that will happen for me, but I am continuing on with increasing, my holdings of shorts in the resources sector....
--------------------------------------------------------------------------------------------------------------------------------------------------------------- SHORTS
with my bids for shorts laid last night, and being a little too close, three were taken up and then bought out or stopped out due to the market's strong move up today .......but that was balanced out by a good profit closing out DSH (dick smith) - a second short still remaining with DSH.
more shorts were taken up.... i am currently holding - DSH, ALQ, ARI, PNA, ERA, SXL, SXY, also an ETF to do with healthcare
I still have a good number of bids placed to short more resource stocks
the value of the portfolio held is approx. as for yesterday..
not so bad for a large holding of shorts when the market was strongly up.
LONGS
most are up for sale with TGA being sold at a profit......
on average the shorts very slightly up today
i'm certainly not 100% sure of the market's direction - maybe 65% / 35%, those odds will do me ...
currently the dax seems to be consolidating at these lower levels - up a bit....
quite happy to receive comment on my current strategy..... if flemster was here he would say that's a courageous move GK..
