Any upside left for this one, huh!
Looking at the last few days there is a suggestion that the upward trend is still intact. The 60 days moving average (MA) indication (see above chart) is that the daily NAV is not anywhere near a dip or a trip down south. If it does it is a correction. Nothing serious enough to show that the NAV, will pass the MA on a downward trend. For the current moment there is no downward trend thus leading to its NAV passing the MA downward towards south. If the above chart has a trend to show, it is another 4cts. away from its launch value of 25cts.
From an opening of 0.2080cts.on the 1st July 2009, the NAV dip by 4.58%. From this low level it kept moving up till 0.2197cts. a full 10.46%. Woh, this is incredible. My views are limited and from what is forth coming of the 2QRT data for the USA the indicative trend is up NORTH. South Korea has reported a positive 2QRT,the Bank of Korea announced that consumer confidence rose to 109 in July compared to 106 in June 2009. Guess who is next to do so, lots of news steaming out that it has bottom out.
Still room for a quickie (short-term) and do the “hit and run” whereby we may not have it so good once it pass the 25cts mark. Here by saying a quickie I am referring to Rule# 1."don’t lose money", and practise rebalancing of portfolio and lock-up profits once it hit the launch price.
Hey people, look at it this way, once pass the 25cts. mark, we are again looking at the 3 to 5 years time horizon for this type of investment vehicle.
Cheerio and cheers to the upward momentum.
Tj
No comments:
Post a Comment