Thursday, August 11, 2011

Catch the Dead Cat!

As I mentioned on Facebook yesterday after Wednesday's (NZ time - Tuesday on the DOW))deadcat bounce we are likely to see a fall on markets Thursday or Friday.

What do we have this morning on the DOW?

Well, it is down and had not been positive at all. The DOW closed down 519 points or 4.42% wiping out all of yesterday's gains and then some. This is on news that several French banks could be close to collapse.

What will happen now?

Well, tomorrow is likely to be another down day and after that all bets are off except to say markets will still be choppy and ultra-sensitive to any bad news for the next few weeks.

It is always hard to time the markets but I am looking to buy at some stage but it is just picking the right moment. I am after 10000 or so Fisher & Paykel Healthcare Ltd [FPH.NZX] shares to add to the Share Investor Portfolio and may look at other stocks if I am game.

My portfolio has been up and down (mostly down of course) like a cheap K' Rd hooker over the last 4 trading days and was down by around 10% over Monday and Tuesday after a 4% fall on Friday but up nearly 5 % yesterday. Down is the only way today.

My buy orders for FPH have mirrored the market. A first bid at $2.20, then down to $1.99, then another down to $1.80. I raised the bid to $2.15 for yesterday but will re-bid a few minutes from now back down to $1.99.

Even I am feeling the pressure and have to steal myself sometimes to remain calm and focus on fundamentals (based on business as usual with the larger financial macro theme at play of course) rather than my state of mind.

This bumpy economic ride and the consequent market volatility has more to play out yet and there will be more opportunities in the months and years ahead but the money I am using to pay for the FPH shares is getting about 2.5% in the bank and inflation is running at twice that.

Yep, greed and fear, greed and fear!

FPH is paying over 7.5% gross based on the current share price of $2.34.

Watch the market and be patient, like me....?

2011 Global Market Sell-off @ Share Investor

Global Market Sell-Off Stocks: Hallenstein Glasson
Global Market Sell-Off Stocks: Fisher & Paykel Healthcare Ltd
Global Market Sell-Off Stocks: Sky City Entertainment Group Ltd
United States Debt Crises: Is Warren Buffett Nuts?
Share Price Alert: The Entire NZX
Share Investor Portfolio: Value @ 5 August 2011
Share Investor Portfolio 2: Value @ 5 August 2011

Fisher & Paykel Healthcare @ Share Investor

Global Market Sell-Off Stocks: Fisher & Paykel Healthcare
Resmed takes market share from Fisher & Paykel Healthcare
Resmed kicking Fisher & Paykel Heathcares butt?
Share Price Alert: Fisher & Paykel Healthcare Ltd
I'm Buying: Fisher & Paykel Healthcare Ltd
Share Investor's Total Returns: Fisher & Paykel Healthcare Ltd
Share Investor's 2011 Stock Picks
Stock of the Week: Fisher & Paykel Healthcare Ltd
Fisher & Paykel Healthcare & the US Dollar
Mondrian Investment Partners take stake in Fisher & Paykel Healthcare
Fisher & Paykel Healthcare: 2010 Full Year Profit rests on Foreign exchange movement
Long Term View: Fisher & Paykel Healthcare
Stock of the Week: Fisher & Paykel Healthcare
Analysis - Fisher & Paykel Healthcare: FY Profit to 31/03/09
Schroder Investment Management takes big Fisher & Paykel Healthcare stake
Long VS Short: Fisher & Paykel Healthcare
Big Fisher & Paykel Healthcare trades a curious tale
Why did you buy that stock? [Fisher & Paykel Healthcare]
Drinking and Trading
Share Investor's 2008 stock picks
Fisher & Paykel: A tale of two companies
FPH downgrade masks good performance

Discuss FPH @ Share Investor Forum
Download FPH Company Reports

From Fishpond.co.nz

Every Bastard Says No: The 42 Below Story

Buy Every Bastard Says No - The 42 Below Story, by Geoff Ross & Justine Troy & more @ Fishpond.co.nz

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c Share Investor 2011