As the market goes through a healthy cleaning process the system act as expected and positions getting closed one after the other. Since the beginning of the month, 7 stocks out of the 13 stocks which I had in my portfolio have been closed. The portfolio has suffered a drawdown of 14% during that period.
In these periods I find it helpful to read any information talking about periods like the one we're now experiencing. I find that there is a common ground with all the books/blogs and it is to stay focus and remember to look at longer time frames than the current day, week or even month. As history repeat itself, even when discussing the financial markets, periods like this happened before and at the end of them the market returned to its natural direction.
As I mentioned in my previous post, we might already hit market bottom but a confirmation for this will only be available in the following week or two.
Here is the status of my current holdings:
Symbol | Entry Date | Entry Price | Current Price | Profit % |
ARTG | 24/09/2007 | 3.00 | 3.72 | 24.33 |
IDEV | 24/09/2007 | 6.62 | 6.80 | 2.72 |
INFA | 28/09/2007 | 15.72 | 15.94 | 1.40 |
ANDW | 19/10/2007 | 14.36 | 15.04 | 4.74 |
AMSG | 26/10/2007 | 26.68 | 27.24 | 2.10 |
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