Portfolio Update dtd 23 May 08

Current profits to about 6.89%, still about 8.11% away from the 15% target for 2008.

Assuming the target is reached before end of 2008.... I wonder what should my strategy be. Go into conservative mode and hold more cash? Buy in only when there is a significant drop? Or maybe stay 20% invested, 80% cash and wait?
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Ausgroup has picked up, due to rising oil prices. It crossed the 0.90 mark quite convincingly yesterday to close at 0.94. The

Synear management announced that it's Chengdu operations are largely unaffected by the quake. Hope this helps to allay investor's fears.

Comfort DG is still doing badly, due to rising oil prices.

SinoTF seems to be holding fine, slightly in the black now.

China HX seems to have dropped slightly, no apparent reasons, possibly due to the Sichuan quake
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