The market has bee in correction mode despite the general more upbeat macro numbers both in US and Singapore. Again tapering is quoted as a result. To me, even if tapering do start in dec, it is not a bad thing if u buy sound companies.
In fact, I feel that market is just going thro a correction and tapering is just a excuse.
The recent correction have trigger several accumulation of counters.
I bought more of HPHT, and did the CD and XD thing to stretch my dividend yield for SPH. Buying back at $4 and selling at 4.24 sure beat the dividend of 15 cents. My initial purchase price is at 4.03. Haha for details,refer to valuebuddies.
I am still on holiday with family at Vietnam so will be rather slow with blog posts, I can't do serious research here too, it's tiring traveling with young kids.
But I thought I will blog about my silly impulse and the various riggers points I will be looking at should market decline further.
SPH at 3.6
Lippomall at 0.36
Golden Agri at 48c
Hpht at 70c
Nam lee at 28c
APPT 68 c
I will not accumulate sabana although it has fallen about 10% which will usually put in on my alert list. Frankly I am very disappointed with management
I might also buy more of YZJ if it goes to a dollar, but I think that will be unlikely. Lee metals is stable, dun think there is much chance for accumulation.
Do note that the above stated price is for consideration I might buy at higher or lower price or might not buy at all, if. All counters hit accumulation price at same time. I do not have unlimited ammo, although my stable job and income help beef up my war chest.
Hoping silly investor get his silly tactics right. I will blog about why I have faith in my counters when I get back Singapore