I sold Sheng Siong today. No, there is no bad news about Sheng Siong. I sold it for other reasons which I shall detail it later below. Profit gain was about 68% excluding the dividends collected over the years.
Sheng Siong is an excellent growth stock. Look at how much the stock price has grown over the years.
Let me go into the reasons why I sold Sheng Siong
1. Contented with Profit Gains
Well, you can never predict the highest price to sell. Basically, I am contended with the profits gained and thus I decided to sell off the stock. This is to prevent loss of opportunity cost in the event stock prices start to fall. When I meant by opportunity cost, it means I can take the cash from the sale and invest in other company for further growth. (more…)