Sky is not the limit, it seems
October 16th 2006 14:09
October 17th, 2006 marks the best day for Portfolio 1.5 - EW so far, since its formation on August, 2006. The portfolio close on another round of record breaking high of 18.91% in market value terms and its profits surged by $1,043 from its last record high of $5,993 to $7,036 today.
After several record breaking performance by the portfolio, it seems probable that the investment strategy devised for this portfolio, based on one "fundamental technicality" factor, is working rather well, with a return of 18.91% in less than two months. And it would not be too bold to say that this strategy is practice applicable.
However the caution alarm sould be sounded as we would not like to be carried away by the positive momentum and not knowing when to wind down and then only to be confronted with a fall which ultimately would wipe out the optimal returns we rightly deserve. Always expected the unexpected and it is always wise to set what level of return we want as higher returns naturally require higher risks.
On the market front the ASX S&P 200 benchmark index close 21 points higher to 5331 or 0.4% higher. The positive play was largely lead by the mining giants, BHP Billiton and Rio Tinto as the yo-yo confidence sentiment of the commodities sector returned to positive zone.
The winner stocks are highlighted in yellow.
After several record breaking performance by the portfolio, it seems probable that the investment strategy devised for this portfolio, based on one "fundamental technicality" factor, is working rather well, with a return of 18.91% in less than two months. And it would not be too bold to say that this strategy is practice applicable.
However the caution alarm sould be sounded as we would not like to be carried away by the positive momentum and not knowing when to wind down and then only to be confronted with a fall which ultimately would wipe out the optimal returns we rightly deserve. Always expected the unexpected and it is always wise to set what level of return we want as higher returns naturally require higher risks.
On the market front the ASX S&P 200 benchmark index close 21 points higher to 5331 or 0.4% higher. The positive play was largely lead by the mining giants, BHP Billiton and Rio Tinto as the yo-yo confidence sentiment of the commodities sector returned to positive zone.
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