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Friday, November 07, 2008

Going into the Weekend


I was able to get into FXI on Wednesday, but missed out on ADRE. However, with the large drop-off I will be able to get in a a significantly lower price. I feel comfortable with my positions right now and will be looking to take advantage of more downtrend within the market. The big question going forward seems to be: Are we going to test previous lows? My thoughts are that we will.

Going forward I will be more selective and focus on specific stocks within certain industries. Rather than spread cash around 3 - 6 stocks, I will focus and buy 1 - 2, which allows me to be more nimble. My overall market sentiment remains bearish.

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