Monday, August 2, 2010

Institutional Buying actually increases during last two months when markets corrected!

Stock buying by institutions actually hit a peak last month, even as retailers sell out amidst the stock market correction. They are betting that forecasts for the fastest US profit growth in 15 years and economic expansion averaging 3% through 2012will help equities recover after S&P 500 fell 13% in May and June. Personally, I have used the correction to enhance my positions.My portfolio now include:

Bank of America 15.06
NOL 1.93
SembMar 3.80
SOHO China 4.87

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