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Tuesday, 18 September 2012

SRS - Closing Status 14 Sep

Updated as of 18 Sept
Updating this post on SGX.  I am full of surprise with SGX share price strength as it closed the day at $7.19.  It is probably due to its current CD status.  Should l have hold on to SGX and waited till closer to 26 Sept when it goes XD?  This is another lesson learnt but am uncertain of a fail-proof answer to this - how to know the real strength of a company which will XD in one to two weeks time? 

As written 16 Sept
I was attracted with SGX due to its price weakness recently so, l bought 2 lots of it this week under SRS portfolio.  I have an existing 1 lot of it currently running at loss of $690.  With a total of 3 lots, target selling price to break-even is at $7.19 and l am not sure whether this is achievable.  Its share price may have weaken but l reckon l have invested into it at quite a high price level so, I have decided to sell away 2 lots in the same week itself for a gain of $83.

Divested Valuetronics 25 lots this week for a gain of $116.  Will re-invest into it again when its share price weakens to an attractive level say, below 19 cents.

Portfolio walk since previous posting :-

+$2,001 Total Returns as of 7 Sep

+$199 Gains from sales of SGX and Valuetronics

+$89 Unrealised positions improved

+$2,289 Total Returns as of 14 Sep

previous posting :- SRS - Closing status 7 Sep

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