Hong Kong Weak. We were stopped out of $WFMI
Overnight Hong was down triple digits.Hong Kong's benchmark Hang Seng Index dropped 0.7% to 20,917.32, dragged lower by HSBC and Hang Seng Bank, although mainland Chinese banks rose to support the market amid expectations that China's People's National Congress may announce a continuation of its growth-oriented policy focus at its meeting starting Friday.Elsewhere in the region, China's Shanghai Composite Index fell 0.2%, Japan's Nikkei 225 Average was flat, India's Sensex advanced 1.3%, South Korea's Kospi gained 1% and Australia's S&P/ASX 200 rose 0.1%
We were stopped out of WFMI for another loss. It seems we are on a losing streak of late and have thus gone off to the sideline. Will look to initiate new positions again, however a break is prudent as we need to regroup and turn things around.
Will be looking at entries in RIMM, BIDU, and POT
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