It’s time to get going again with our newsletter and to provide the reader with some ideas or food for thought. In our last newsletter we referred to Shoprite as a possible trading idea with the possibility of a move higher in the short term based on a strengthening in currency due to political change. I don’t think the moves in retail shares and banks are over yet. The shares are now overbought and we should see some profit taking. I do think if we see more positive political change and some much needed economic growth we will see these shares move much higher. The trade balance data released over the past two months has also shown that exports have been strong which will support a stronger currency.
It just goes to show how much can happen in the market over the course of six weeks. Please always keep in mind with share investment its time in the market that counts not the timing of the market.
I have selected Shoprite again as my share of the week. The reason I picked this share is to point out how many ups and downs a share can have but also if you pick the good shares they will work over time.
We will discuss portfolio balance and how to manage corrections in markets.
[users number=”1″ id=”118″]