[weekly review] 2017 w45

Reflections
Work lately has been quite crazy so not much scanning for new counters, but luckily i have already made some plans early in the week and it was mindless execution for me. The job market does not seem to be so good though the stocks market is buoyant! meanwhile i will zhng my resume!

Counter Activity
Lian Beng.SOLD, because price touch my stop loss! and i had to preserve some profits. although i loss some money based on my 2nd scale up, i am happy i employed the scaled up strategy because it allowed me to capitalize on the strong up trend.

Meanwhile i will put on my watchlist again to see if there is any action (target Mid Dec).


ST Engineering. SOLD. initially i entered it as a income play, however not even receiving any div, and the price invalidated my trade. psychologically it was not sustainable to hold it.
Retrospectively, my mistakes:

• price had not converged with 50ma and then closed above it convincingly.
• price below 200ma, bearish biased counter.

Even for income counter, the div % is not that high, while this position did not give me a psychological edge to hold. must learn from this $200+ mistake.


Golden Agri Resource. Scaled up. Broke my scaling up rules (adding without a good buffer). But i entered it like as if it is a separate position because the price of this counter has converged for awhile and there was some volume that helped it break the 40c barrier. my expectations is that it will move upwards to 44c, and from there, there will be a next area to add if it breaks that resistance, or else have to exit the position.


Mapletree Greater China Commercial Trust. Scaled up, Income Asset. Followed my rules and trigger. I've been talking about loading up on some dividend positions, and GCC was the opportunity i am waiting for.

• TA: break of bearish countertrend. price still above 50ma and 200ma.
• Quantitative FA: DPU increasing with positive rent reversions. 
• Qualitative FA: Lifestyle of hongkongers as mentioned in earlier brief analysis here.

Holdings
Raffles Medical Group. This speculative counter on a reversal play. The bound back is not as strong, however i am comforted that it has not broken down further. consolidating. since the CD is in May 2018 (more than months away), thinking to exit . Since i used a 50ma indicator to entered on 10 oct 2017, will do a timeframe based exit soon on end Nov if trade did not move in my favour.


My other counters are Chip eng seng, Global Investments and Suntec reit ( all income positions).