Admittedly, the bull run has only a few more months to run... as can be evidenced now by the fast-tiring Dow and local STI... actually, I personally doubt it is going to go up any significantly higher, and a major correction may just be around the corner. Which is why I am not going to add to my positions, but will be using market upticks in the next few months to unload.
My positions are:
Midas...it is expecting more order...so this one is worth keeping for now..I may even add more positions if stock market tanks...but eventually aim to sell out by Jan 2014.
Sunac... I have sold half since its run-up last week... and will be using its upcoming result announcement (expected to be good) to sell the rest
NOL and Wilmar... These two are in a quandary.. no movement at all... so I am caught... I am prepared to hang on for the longer term..
The market have corrected in a healthy way so far as more and more shares are no longer at their 52 weeks high. In the past four months we have seen it correcting and rebound (not significant but higher) a number of times. And the whole cycle of 2013 is repeating itself in 2014? Is it possible that the anticipated massive bear attack on the market will only come some time in 2nd half 2014 or only happening in 2015?
ReplyDeleteNo one knows really when exactly the bear will hit. That's what makes the stock market so interesting. However, the key question is: If the crash comes, will we be prepared to take advantage?
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