Sunday, March 1, 2009


A tough week, market continue to test new lows despite the stimulus package. I am not sure where the bottom is and with more bad news streaming in, it might take longer than expected for any recovery.

We have been very cautious and profit to date is S$20,061.00

As reflected from the statement 2, I am holding a outstanding hedge position 0f -4 Topix and +8 Nikkei.

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