Performance 
Red, red, red, our portfolio is as red as a sunburnt Communist sipping a Bloody Mary! Every one of our nine pathetic holdings finished the day in negative territory. Do I sound a little bitter? Maybe, just a touch, but the inner optimist in me is trying to see the positives.
After dropping 9% (and drifting from almost a quid higher this time last month) ReneSola may have slipped back into my buying zone, so we could be looking at a top in the next couple of days. My newly-discovered risk-averse side is telling me to hold back and possibly even turn a holding or two into cash. Time will tell which side will win this inner-struggle.
One thing is for certain, my purchase of Cosalt was about as badly timed as any investment I’ve made for a while (it’s dropped 40% in a little over three weeks).
World markets have definately slipped back into a downward trend in the past few weeks, now whether this is a primary or a secondary trend should become apparent in the next month or so. Whatever the case I’m off for a few beers (maybe even a bloody Mary) to drown my short-term sorrows. Thanks again for dropping by.
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Comments
Posted On
Jul 08, 2009Posted By
JonDon’t worry, you are not alone! It is painful watching them fall isn’t it.
A week or so ago I decided to (partly) hedge my portfolio by buying XUKS. This is an ETF that shorts the FTSE 100. You can buy it just like any other share. It has gone up by a couple of percent over the last few days which slightly lessens the agony of my other shares nose-diving!
Posted On
Jul 09, 2009Posted By
PaulLike the idea Jon, cheers for the tip.