David Fuller's view

I reopened a long in the Hang Seng China Enterprise Index (China-H Shares) (weekly & daily) this morning, because it is inexpensively valued (p/e 10.11 & yield 3.08%), technically oversold, and beginning to steady once again.  However, I only repurchased one-sixth of my position in early April, partly because we are in the May to October season when stock markets do less well on average.  Additionally, I am taking my first holiday of the year, commencing late next week.  I paid 14046 for the May China H-Shares contract, including spread-bet dealing costs.