QUOTE(rockcrawler @ May 19 2009, 08:16 PM)
Hi everyone,
keep shorting the market today......short Hang Seng Index Futures at 17400 again, big short here. Tomorrow get some big cap to ex-dividend, including HSBC. I guess this rally is the biggest and the only one in this year, everybody please fasten your seat belt. Have you prepare to see the worst in the coming few months? Have you prepare to buy when you see the worst, rather being scared your shit out?
Remember: Don't be too excited when you see the market going up crazy! Don't be scare when you see people commit suicide during the downturn of bear market! When you see blood on the street, it's time to buy crazy.
Rock
Added on May 19, 2009, 8:29 pmYes, since they are being regulated, so are bounded by guidelines and i said in this forum that the market structure has changed to be so efficient so that the ordinary long and hedge fund managers (who are usually at least 40-50 yrs old people and they are so dump) cant adapt to the change. I worked with some old fund managers before that they keep their old way of thinking (mainly very very stubborn long bias view) and just like a deer in the headlight, do nothing in the bear market. These old fashion managers would keep at 40-50% investment actively in equities and wait to see the share prices going to toilet until 60-70% loss then stopped. I'm telling those guys that this world is no longer belong to you. It's our market, traders' market, traders with extensive knowledge to everything in the world.
In local context it's understood by default when they said unit trust fund, it's always long trust fund as locally naked short doesn't apply. Almost all trust funds are limited to the following instruments:equities,money markets,bonds. The fact that majority of the funds are equities trusts, there are required by funds mandate/objectives to be stay invested regardless of bull or bear market in shares or warrants at least 80% - 90% of fund investable assets.
Under such senario, is it still applicable for you to said "Long funds are passively killed in the market in bear market"
Of course yes there are in a way, but these are long term investment funds and the shares in portfolio are selected based on their fundamental basis not price/volume momentum like speculators would trade.
what we would like to hear from you is how you would drive these funds performance chart flying UP instead of flying down since you disagreed with most fund managers way of doing things.
May 16 2009, 10:11 AM
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