weekly review #6 2020

Thoughts

Everyday the news is about the CoronaVirus, and just this friday, we turned from yellow to DORSCON Orange. while i am not too worried from my health point of view, i have taken steps to wash hands more often whenever possible between activities, and shower the moment i return home so as not to affect my aged parents. not yet to the level of stockpiling food or mask .lol

Everyone please stay healthy! avoid late nights, reduce stress levels, and avoid crowds if possible!

Transactions

As mentioned last week, due to this wuhan virus thing, it is expected that economic activity will be slow, while the businesses try to figure out what the heck to happen. With the move to Dorscon Orange, it probably means that more counter will drop drop drop the next few weeks. Currently, STI is still considered range trading, but with the backdrop of a virus... outlook seems possible for it to hit 3000s.... those who have many trading positions in SG counters, a bit too late already to do anything. 

AEM. Exited this position $1.86 maybe i weak hands or what... but the chart looks like the start of the downtrend, can run first. even with good fundamentals, the bad market sentiments does not help propel its price higher. this is the 2nd small pot of gold i got from AEM. lol. i will be back when the time is right 😃😃😃

PanUnited. luckily i planned properly before making a scale-up. While this is not like some super powerful running counter, it is still in a healthy uptrend. 

CSE Global. probably caught it at the wrong time i guess. but let's see how things go. Technically, it is in a weak uptrend ( respecting 200MA) , so i should be buying on the dips. did i also mention that this counter pays relatively consistent and good dividend.

JiuTian Chemicals. honestly, this is a super super small position, even losing everything while painful wont affect me too much. so it is interesting for me to see this, and hope it climbs higher! but probably after the wuhan virus blows away....or gets normalised as a seasonal occurrence. 

Microsoft. Pretty glad i got into this tide upwards since early 2020 (here). while my position size is small due to the counters high ATR, i am glad i started trading US counters. this counter in the short 1 month i am holding it, has steady levels up more than 15% cap gains. the up trend is a strong, and i will sit in to look at it as it grows, hopefully... i can hold onto it for a few yrs and this becomes a multibagger along the way.