Last Friday afternoon, we have received The Edge one day earlier when the market is still open due to National Day. If we have followed the technical analysis in ‘Hot Stock’ and invest according to the lead, how our portfolio will perform now?
Title: No Olympic play for S-Chip
China Sport – Momentum Breaks down
At $0.375 then, now drop to $0.360
China HongXing – Set for decline
At $0.475 then, now drop to $0.415
China Farm Equipment – Continued decline
At $0.41 then, now drop to $0.39
China XLX – set for retreat
At $0.72 then, now drop to $0.61
China Aviation Oil – Current levels set to give way
At $1.30 then, now drop to $1.13
Capitaretail China Trust – Attempting to bottom
At $1.17 then, now drop to $1.11
The hit rate is 6 out of 6!
The total return of portfolio if we shorted accordingly with CFD is 9.8% (excluding transaction cost). Not bad if we consider that S-Chip has actually plunged to much lower level before stabilized at current price.
The current date is 14 August 2008, based on mid day closing price.
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