Hello all,
Sorry about the absence from this blog, I was occupied by a certain exam which I just took yesterday. I hope to resume posting and activity of this blog latest by tomorrow, once I've done my catching up homework.
For Asia today however, we notice a downturn in the market today. Consistent with our views on the market, we finally feel confident enough to begin our sector rotational play which has been reflected in the gains in power play in the past week. We shift our sector plays however to the gas side, as we do feel that Power plays especially those involving China have a higher beta than than warranted due to extensive exposure to China's Industrial Activity and Coal Prices.
Will catch up with all this soon,
Happy Trading,
Dive2Blue
Monday, 8 June 2009
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