What happens when one does not know where the market is heading? There are 2 things we can do i.e. exit or another way is to continue to look for a strong potential company. Or else another thing one can do it by taking short term opportunity.
I have done that in one of the stocks, i.e. Jobstreet. If I can, I would only be putting my money in about 3 - 4 stocks, but can't do that as it is not good enough of a diversification.
For a while, I have not been able to have a good feel over the mid-term prospects of the market. I know that the speculative stocks are flying but for how long? That is always the fear. In previous experience, the hugely speculative stocks could potentially be a dampener to stock market generally especially when it crashes.
It will pull the others down as well. The only difference is that the strong fundamental ones will pick itself back while the fundamentally useless stocks may not make a comeback. Personally, I am not a market timer, and I do not intend to. Gone past that stage thinking of best ways to do market timing and to me it is a waste of time.
On the other hand, I am not a clever seller, hence might as well not sell (which is the best solution). One a few months time, hopefully the dividends from Jobstreet will provide me with some funds while some of those stocks I am holding will continue to provide consistent dividends. They are Padini, NTPM, Jobstreet (continue to provide quarterly cashflow).
One should note that from the portfolio, there is a new stock i.e. Keuro-WE. Well, that is through the rights subscription. For a while, I have not been updating the portfolio, and it is time I do so.
Am I thinking of selling some of the stocks? No, cause there is no better way of putting my money except towards stocks investments. And I am not too sure of it heading south as well. So the best way is to lay low while planning the next move.