AIMSAMP-REIT - 26k
Starhill Global REIT - 15k
The financial bad blood is making headlines again. Just as the global stock market was settling down, things took a dive when disturbing news broke out. US and Europe are once again, stock market woes.
Upon realising the second bad blood is approaching, I quickly divest First REIT at a little profit before it gets knock down. It also reaches its NAV - an indicator that signals me to sell in my personal practice.
But I bought more shares of Starhill Global REIT at an even more remarkably discounted price! Remember in the previous post, I said $0.605 was a strong support line. It reached the line yesterday and I moved in to drop down my order but when today's stock market reopens, it dips further to $0.595 and my order was filled at this very amazing price. However, based on technical analysis, this new historic low now opens for more rooms for the price to dip. I won't rule out this counter hitting somewhere near to the 2008 crisis level, should more negative news emerge in coming days. And I would buy more to average down my cost if that happens.
Now I have succeed in my preemptive strike against Starhill Global REIT. The next one shall be AIMSAMP-REIT. I also mentioned its $0.195 historic low before. Let's see if it can reach that level based on my technical analysis. I would expect prices to fall anywhere between $0.19 to $0.2.
In the next few days, the complete divestments of First REIT and Cambridge and dividends from earlier investments will arrive at my base. In addition to my existing funds, I will more spare cash in hand to ready to take advantage of this stock dive. Cash is champion in difficult times, always bear this in mind.
Some may feel that my portfolio is very risky and dangerous. But I doubt so. Risk originates from ignorance and danger arrives from ill-timed decisions. I have none of both. Many people say "don't put your eggs in one basket", alright I put my eggs in two baskets then.
When stock market recovers, let's smile all the way to the bank!
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