Wednesday, January 30, 2008

Game Over?



Markets are always hard to predict, I finally lost my patient and no longer maintain my bullish outlook on 2008 1st quarter. Market volumes are thin, confidence aren't there, euro's bank will start announcing their reports and ubs already writed down 14 billion, it looks like 'cai shen' (god of fortune in chinese) won't be coming to the share market this cny.

I have started selling my shares since Tuesday and incurred some losses. Keladi is the only position I am holding now and it's trading below my cost at the moment. My cash vs share ratio returned to 9 : 1 instead of 1 : 9.

I am going play safe for the moment, protecting my capital is the priority.

P/S : Old chinese saying '留的青山在,那怕没柴烧'

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