A weekend sweetener
November 18th 2006 02:30
The market had a last minute push for the positives in an otherwise lacklustre trading day as the attention went on the upcoming protests against the G20 meeting in Melbourne. The late push certainly sweetened a beautiful Saturday as the bright warm sun beating down Melbourne with protesters, activists and marchers clogging the city roads in a show of force against the world's most powerful economic leaders summit opened in Australia's second largest city. Does liberal economic system breeds the crookedness in us? Was it only realised since the Seattle WTO meeting? The answer is mixed but making money is certainly a vocation naturally embedded in most of us.
Getting back to the market, the ASX S&P 200 benchmark index on Friday gained 0.5% to close at 5419.7 with a turnover of $4,510,544,434. Even analysts concluded it as unusual as the fundamentals were not pointing towards a better day of trades. The mixed metal prices the day before were predicting a flat day for the market. Always expect the unexpected.
The Portfolio 1.5 - EW followed a similar direction as it added 0.61% higher to a closing value of $54,681. Profits after first round of transactions closed at $11,634, giving a return of 29.83%. The stock of the day was MST with a movement of 18.52% upwards while the worst performing was IMI shedding 5.51%.
The performance analysis of Portfolio 1.5 - EW conducted two days ago contain some mistakes due to data entry errors. Rest be assured that the new findings do not in any way deviate the performance measurement by a very sigfinicant degree. The revised analysis will be posted up soon. On another note, I have a suspicion that the portfolio might contain some trend movements, i.e.: price momentum, as I observed that the poor performing stocks sustained its losing trend while the good ones continued to enjoy its winning over time. Yes or no will be known as soon as a test is carried out. If momentum is indeed present then there could be more than meets the eye with regards to the current strategy employed; the "fundamental technicality factor".
Till then, have a nice weekend!
Getting back to the market, the ASX S&P 200 benchmark index on Friday gained 0.5% to close at 5419.7 with a turnover of $4,510,544,434. Even analysts concluded it as unusual as the fundamentals were not pointing towards a better day of trades. The mixed metal prices the day before were predicting a flat day for the market. Always expect the unexpected.
The Portfolio 1.5 - EW followed a similar direction as it added 0.61% higher to a closing value of $54,681. Profits after first round of transactions closed at $11,634, giving a return of 29.83%. The stock of the day was MST with a movement of 18.52% upwards while the worst performing was IMI shedding 5.51%.
The winner stocks are highlighted in yellow.
The performance analysis of Portfolio 1.5 - EW conducted two days ago contain some mistakes due to data entry errors. Rest be assured that the new findings do not in any way deviate the performance measurement by a very sigfinicant degree. The revised analysis will be posted up soon. On another note, I have a suspicion that the portfolio might contain some trend movements, i.e.: price momentum, as I observed that the poor performing stocks sustained its losing trend while the good ones continued to enjoy its winning over time. Yes or no will be known as soon as a test is carried out. If momentum is indeed present then there could be more than meets the eye with regards to the current strategy employed; the "fundamental technicality factor".
Till then, have a nice weekend!
| 50 |
| Vote |
subscribe to this blog