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
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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