Cory Diary : Recent Trade Actions 20180220

As DIY Investor, when I am not glued to 2018 Budget, at least need to catch the key points. They could provide some help or guidance on what is to come in the future. And then double up with whats app or forum discussion. This will give me a basic idea. The key is information and being smart is not enough. There is one more thing, I need to be fast too. Why ?

Design Studio prior to CNY holiday announced Profit Warning. This is Information. If people who has follow my portfolio, I first did my reduction in this counter so that I can sleep better when price ran up. (link) I know this is SME. And high price volatility in illiquid stock means there can be sharks. DS also has a CEO change. Taking some profit off the table created some profit buffer.

Then the quarterly report is bad, and price took a hit. CFO resigned later (I think last Dec'17). And climaxed with Feb Profit Warning. First trading day 9am, I saw the buy queue 0.52. I miss to sell it in seconds.  (In my heart is like %^&$#@). The price went down to 0.48 to 0.50 range quickly which I manage to sell down most of my remaining shares.  I am still left with few k unable to clear due to no buyer. My pain to learn. The day ended at 0.40. That's fierce. Cut loss and sell down are key steps I took to mitigate my losses for this situation as I am blind sided on how bad the news are.

I have few other trades this month but I think writing down my experience on Design Studio is enough for me tonight. Is late past 1 am ... Hope you have a Happy Chinese New Year.



Cory
20180220

Cory Diary : Recent Trade Actions 20170719

Here's another post on my recent trades but not all I can remember. The last time i post is here link. I try to stay as accurate as i can remember.


ASCENDAS REIT

I have managed to build back and more such that it has become one of my reit core holding. Using my basic TA skill, i thought 2.57 is a nice entry point but I start to dip for it at 2.62 and 2.58. I did sell some to resize my investment amount at 2.63. It now occupies 4%+ of my non-fixed equity. I am so glad to be back and with good 4 digits trading profit buffers. This investment is to plan for my next year returns and support of 6% dividends from it.


OKP

Did a punting on OKP when it dropped but miss the bottom in seconds. ( angry )...  so sold off my holding with some kopi money. I am not familiar with the future impact and feel MOS may not be good enough. This trade is basically for trying.


GLP

If you may know, I profited from recent takeover of GLP. This one is s bit of nerve. I have 12 lots originally. When it dropped to 2.76 prior to the announcement i sold 4 lots to re-size my exposure. Fortunately or so otherwise, the Offer is good. I benefited from the 8 lots remaining. And some from profits from the 4 lots sold. Not too bad for some one who is late into the GLP game just this year. 20% returns for a red dot speculation trade.


Design Studio

My exposure in this counter is quite large. I took some profit when it run up so that I can sleep better. This counter is still quite good considering the 10% dividend level and the company expected to run ok. Don't ask me can the performance be sustained. I don't know, and I am still vested. Just stay nimble I guess.


Cory
20170719