Wednesday 31 August 2011

It's all about being brave

The American market has risen to recover half of the fall that occurred between 7 July and 9 August. Is this a break out or is it the end of a retracement? I had the courage to buy just a few more bombed out shares in the US (MOTR, TSPT, HMPR). I will be quick to dump them if the market resumes its downward path and I'm holding tight to my shorts despite hefty losses so far. Hedging my bets
I lost most of my morning while I had a new carpet fitted in my study. Result no internet so I was too late to pick up shares in the second day of bounce in the FTSE. Maybe that's a blessing in disguise, tomorrow could see the end of this rally.

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