Club Mulgoa

Monday, May 16, 2011

Market sentiment

Short term, market sentiment is the most important factor. So my portfolios have been going down like a lead balloon.

But long term, I have very little to worry about. Price of gold is still high and oil has not really tumbled down either.

Stocks like ERN and BSR with good announcements today have only moved up a little. Some are indifferent like CAP.

I will stay on the sidelines although I did collect some stocks because the price went down low to my level of buying. So I collected VOR and STB recently. I did sell some stocks recently so I have spare cash for topping up some stocks.

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