Cory Diary : Trading Log 2021-0825

SGX

One significant change this week is another reduction in SGX share after HKEX announced the launch of derivatives product on New MSCI CHINA A 50 CONNECT INDEX. This is the 2nd reduction of the stock and as blogged earlier that while is easy to make the buy decision, the sell price is not easy to determine. So the decision is to take profit while there is still sizeable gain and the yield is now below 3%. With this move fund is released for opportunity.

Tencent

Yesterday the large rebound on Chinese Tech stocks came as a surprise. Whether it will last, time will tell. So far initial positions are to buy on low. In fact Portfolio added some Tencent shares just the day before. Lucky in sense but not big enough. Hindsight is a bitch. Tencent is now on about same level as early Year 2018 peak. This is around a new support level. Whether they will go another dip is anybody guess. Who guess right will be Guru of the Week. With that, Alibaba HK, Lion HS Tech and now Tencent HK exposure into Chinese Shares.

Some folks make it big by averaging down significantly. Timing has to be really good to do so. But for this portfolio, it will be in stages which means more transaction costs.

Cory

2021-0825

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