Friday, June 08, 2007
Summer Break
I'll be away for 2 weeks and don't expect to post something new, unless I'm extremely bored in my trip (hope not!).
Next month is an exciting month as most small caps will be releasing annual results and I expect many of them will give pleasant surprises. This month has already seen many small caps flying off at great speed but it's hard to tell, from price movement alone, the great ones from the also-rans. One is forced to play catch up and has to choose between buying a good company at a much higher price post results and buying a potential lemon now.
If you don't hold any position in small caps, then I suggest you opt for the 1st route and wait until July, since you've already missed out the chunk of the movement and it's dangerous to join the ride now. By end of July the dust will be settled and it'll become clear which ones are the better investments.
'The Return of the Red Chips' should be another theme that's worth paying attention to for the 2nd half.
Next month is an exciting month as most small caps will be releasing annual results and I expect many of them will give pleasant surprises. This month has already seen many small caps flying off at great speed but it's hard to tell, from price movement alone, the great ones from the also-rans. One is forced to play catch up and has to choose between buying a good company at a much higher price post results and buying a potential lemon now.
If you don't hold any position in small caps, then I suggest you opt for the 1st route and wait until July, since you've already missed out the chunk of the movement and it's dangerous to join the ride now. By end of July the dust will be settled and it'll become clear which ones are the better investments.
'The Return of the Red Chips' should be another theme that's worth paying attention to for the 2nd half.
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