The market was in doldrums for most part of Jun 11. I was net long on many positions which resulted in many losses even though I tried to minimise them. The market was still on an uptrend and I saw it as a correction. I was trying to time the resumption of the uptrend but was too early for many occasions. It was only the last few days of Jun that the raging bull returns, making 4 consecutive days of strong rebounds.
Open Trades (Current prices are based on market closing on 1 Jul 11)
Galaxy Entertainment – Bought $14.01, now $16.56 (+18.2%)
Telecommunications De Sao Paulo – Bought $26.89, now $30.11 (+12.0%)
Tempur-Pedic – Bought $60.96, now $67.91 (+11.4%)
Altera Corp – Bought $44.18, now $47.53 (+7.6%)
Tiffany and Co. – Bought $74.60, now $79.38 ......