Thursday, 19 July 2012

If you are thinking of shorting the market, think again!

Dear Friends,

I saw a training school in Singapore calling to short SMISCI and HK recently. They covered their losing short position and suggest people to look at shorting again. I disagree with this view.

In fact our strategy for July have been perfectly right. Do you remember we asking everybody to exit position before the jobs report as we think it might miss forecast. After that we tell everybody to watch for next 3 days to know the direction of market. It actually falls for 4 straight days.

We told everyone to anticipate a reversal. We mentioned that one way to know the reversal is a triple digit day which will bring confidence back in July.

Check out our article stating all this below:

After last Friday triple digit rebound, this week stock market continues its climb.

We mentioned yesterday that July will be a month on QE3 expectation and a dissapointment if Big Ben fails to act. Today, the market tilts again to think that there might be QE3 afterall. Ha, like what we said, July is about QE expectations.

I suggest do not short any positions now, especially the index futures. We feel it may be like throwing your money into drain. If fact, we expect July won't be bad. The US earnings reports have been so far quite ok, not as bad as feared.


Radio FM958访谈 2018年11月15日:世界股市展望 - 现在是熊市吗?

·         美国 股市担心苹果业绩,巴菲特却大胆投资! 道琼斯昨晚闭市在 25080 ,掉了 205 点。在这 10 月 11 月道琼斯的波动都相当大。有很多投资朋友开始怀疑熊市是不是已经来临了。我的答案是还没有。这个跌幅反而是好时机进场。大家不用太担心。 ...