The fight against the Bear Army probably will turn into a long drawn fight.
Just when you think that the Bear Army is pushing STI back towards 2,500, a CNY rally on Friday pushed STI above 2,600. My portfolio's lost narrow to 2.9% at the end of the 5th week (not counting dividends collected).
Considering that my portfolio had once declined more than 50% during the Lehman Bear Attack, so far this 2016 Bear Attack has produced only a minor blip on my portfolio.
Despite Friday's gain, my worst performing counter is still Keppel Corp, and it lost further ground to 37.3% its invested value. Sembcorp Industries has recovered a bit but also has lost 27.4% its invested value.
These 2 counters are main contributors to my portfolio's decline. Let's ......