Mar 15, 2011

Opportunity or dead cat bounce

I was fortunate enough to sell into the recent rally and got down to 66% cash position. Started to accumulate last week again but it proved to be premature as today's crash at the open because of the worsening situation in Japan after the massive earthquake and tsunami. My thoughts and prayers with the people of Japan.

I re-filled my position in gold and base metals and watching closely to see if this is a dead cat bounce or a opportunity. Japan needs to re-build and the Asian economies will bounce back barring any other major catastrophe.

But again, play it safe, buy when people are panicing and sell when there is wide spread optimism.

Good luck to all.

My top picks are NDM, SGR, QUX, IVN, TCK-B, WIN, OYL

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