Summary of action ( 1 to 7 May 2016)
Sold DBS (@15.42), Japfa ( @69.5c)
bought more Accordia golf trust (@63.5c)
collected $500 from venture corp div
Background
the month of may signalled bearish market in singapore. STI has dropped back to below 2800.
blue chip counters like those in the banks, jardine C&C have fallen quite significantly. heeding advice from my friend in capital preservation for those trades i made, i decided to sell off, making a grand loss of less than $20, so that i free up capital to buy other more valuable stuff.
Sold DBS for $50+ profit
i have been holding DBS for around 2 months, and it has not rocketed up as much as i wanted it to. i sold away before XD, as i knew about the bad news surrounding bankin sector, i decided to free up my capital.
Sold Japfa for $0.695 (-$50)
sold japfa after getting the $40 dividend. Japfa had went into ranging, and fell a bit subsequently.
retrospectively it was a good choice selling it away, as it has dropped to 67 cents.
bought Accordia at 63.5cents
Accordia recently have a break upwards to up to 65 cents, but today
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