The Middle Line
September 4th 2006 18:37
The line cuts right across clearly defining the good and bad but what if one's is in between? = (Good Bad)/2 = Not too Good Not too Bad? akin to White Black=Grey which is essentially (White Black)/2.
The ASX S&P 200 benchmark index rose 0.63%, a seven week high which was mundanely lead by the gold sector and of course the positive lead of the US market. A sign of good times to come? The issue of rate hike is still in the air and in fact, businesses are expecting slowdown later this year, spooked by the recent taller than Mt.Everest petrol prices. Despite the slight negative outlook, capital investments remained strong of which the RBA is observing cautiously because the coming Christmas might be a spoilt one through rates hike, possibly 6.25%.
As this entry is being written, oil price fell in the US market and the Dow Jones is leading by 83 points. I say watch for the local markets from the effect of the positive leads. So, is it good for now but bad in the future? I am too tired to be bothered about it now. Is all a guess, really.
The Portfolio 1.5 - EW yesterday gained 0.34 points to 10.46% of value on the first day of the first full trading week of September. The 10.12%, value gained from August formation period, will be used as the initial reference of value measurement from 1st September 2006 onwards. Unrealised profits added $144 to $3,475 from $3,331. The portfolio of 31 stocks, so far, has 11 winning stocks, 7 trying to break free from the transaction costs and 1 is just straddling "in between", at breakeven, while the rest fell below thier costs and purchase value. The biggest gainer went to MRE (Minara) for having a paper profit of $1,173.
Fingers cross.
---
Before signing off, hats down for the Crikey Mate, Steve Irwin.
The ASX S&P 200 benchmark index rose 0.63%, a seven week high which was mundanely lead by the gold sector and of course the positive lead of the US market. A sign of good times to come? The issue of rate hike is still in the air and in fact, businesses are expecting slowdown later this year, spooked by the recent taller than Mt.Everest petrol prices. Despite the slight negative outlook, capital investments remained strong of which the RBA is observing cautiously because the coming Christmas might be a spoilt one through rates hike, possibly 6.25%.
As this entry is being written, oil price fell in the US market and the Dow Jones is leading by 83 points. I say watch for the local markets from the effect of the positive leads. So, is it good for now but bad in the future? I am too tired to be bothered about it now. Is all a guess, really.
The Portfolio 1.5 - EW yesterday gained 0.34 points to 10.46% of value on the first day of the first full trading week of September. The 10.12%, value gained from August formation period, will be used as the initial reference of value measurement from 1st September 2006 onwards. Unrealised profits added $144 to $3,475 from $3,331. The portfolio of 31 stocks, so far, has 11 winning stocks, 7 trying to break free from the transaction costs and 1 is just straddling "in between", at breakeven, while the rest fell below thier costs and purchase value. The biggest gainer went to MRE (Minara) for having a paper profit of $1,173.
The winner stocks are highlighted in yellow.
Fingers cross.
---
Before signing off, hats down for the Crikey Mate, Steve Irwin.
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