Summary of October 2016 Transactions

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If you have been following my blog posts, you will know that I have made 3 sell transactions this month. I have sold off Sheng Siong, Cambridge Industrial Trust and MobileOne Limited (M1). My investment thoughts have slightly change a bit this month and I shall share with you why this is so.

Previously, I have been accumulating stocks which means I have always been buying but not selling. Most of the stocks that I have accumulate are either REITS or business trust because that is where the accretive dividend yield is. One of the thing I missed out doing is housekeeping. When more and more stocks get added to my stock portfolio, I find it hard to manage. Certain stocks in my portfolio has under performed but I am not aware. Thus, this month, I decided to do some housekeeping and also reduce the number of stocks in my portfolio. The ideal number of stocks is around 20. Read More

Thai Beverage Forming Descending Triangle

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It has been a long time since I tried technical analysis. To be honest, I am not really very good at it. Was watching Thai Beverage in my watch list and decided to check out whether it is worth jumping into. The stock price has appreciated quick a fair bit since I looked at it when it is at $0.72.

Based on the bearish pattern, a descending triangle is forming based on 1st August 2016 to current 28th October 2016.

Conclusion

I shall be staying clear of Thai Beverage for now. There is potential further breakdown below $0.91 should it breech the support line. As the old saying goes, “Never catch a falling knife”.

 

Goodbye Cambridge Industrial Trust

Cambridge Industrial Trust Logo

I have sold off Cambridge Industrial Trust. Including the dividends collected over the years, the total gain is around 60%.

Below are my reasons for selling off Cambridge Industrial Trust.

Tidying Up My Stock Portfolio

I bought Cambridge Industrial Trust many years back when I started investing in stocks. As more stocks get added to my stock portfolio, the percentage in terms of value of Cambridge Industrial Trust becomes smaller and very much insignificant in my stock portfolio. Currently, it makes up only 1 percent of my stock portfolio. My ideal stock portfolio should consist of less than 20 stocks. Selling off the minority makes it easier to manage in the long run. Read More