nta as i write with close of asx and inr/aud cross is now a touch over 72 cents. the inr has strengthened against the ozzy which looks likely to strain against the usd at current levels. evidently techos say ozzy now very vulnerable against usd. i feel the inr will hold up ok v aud. the dow stumbles as i write so expect the bse/sensex to be down a wollop mon.
the options were not worth holding prior to the latest idea of a full sell down, so well done to those who hung in there. i swopped all my opts for ords and bought up more ords at midish 40's. i'm happy but the dow is having such big erratic movements even tho average economic data is positive. i am now beginning to wonder if we just might be getting some ppt manipulation ? also feel similar may have been happening on asx past months too. jmo.
options holders have choices. get the opts form and pay up then stay and decide later what to do. sell all and stay out. sell opts and use funds to buy ords.
the costs incl commisions to sell down will prob wipe 5% off total values, offset by the shell which could be used for something. it's clean and interesting to some.
the uncertainty of the mkts v the interesting shell must be considered whatever.
imo the indian mkt is good, the inr is good but the dow is currently not. if dow breaks 9800 decisively then stay in bed.
as for any interested in lics or investment trusts then use this very excellent link.
http://www.trustnet.com/it/funds/list.aspx
you can buy all of these investment trusts (IT's) using your ozzy broker. however costs for london are high. be warned !
hope this all helps.
be good,
40.
INE Price at posting:
60.5¢ Sentiment: Hold Disclosure: Held
