Portfolio Update - 8/8/11

AIMSAMP-REIT: 23k shares

Cambridge - 4k shares

Starhill Global - 11k shares

First REIT - 1k shares

The "Black Monday" ended with huge losses clocked around the world markets. My REITs are badly affected but not as doomsday as I initially thought.

I loaded another 3k shares this morning after AIMSAMP-REIT price reached the 1-day strong support line of $0.205. Which to say, I enjoyed a slight gain but not able to offset the massive 20k shares that were purchased at $0.22 previously. At 5pm just now, it moved back to the 1-day resistance line of $0.210. Not bad, that's why I really admire AIMSAMP-REIT's resilience to stock market crashes. In fact, it survived last "Black Friday" and only dealt with a small blow on "Black Monday".

Another piece of victory, I purchased First REIT at a decently discounted price of $0.755. This is really a huge fall from the previously $0.79 last friday. The price was very unstable in the morning and I eschewed it until in the afternoon where it began to hover between $0.75 - 0.755. It now rests at $0.76.

To liquidate more cash for upcoming crashes, I divested 3k shares of Cambridge and suffered a slight real loss. I know this is a gamble but I want to settle my cash on First REIT or AIMSAMP-REIT in the next few days. As for Starhill Global the biggest loser of the 4 counters, I can't touch it since it is making a huge paper loss. And some more, being a retail cum office REIT, it helps to widen up the diversification of my portfolio that already has 2 industrial REITs. Starhill Global is a fundamentally strong company and I would expect its price to massively recover once this August mess passes over.

I know it's really disheartening to see my portfolio in a reddish state now. But in a chaotic period like this, it is more essential for me to stay calm, be patient, apply all the lessons learnt in the past, and don't repeat old mistakes again.

My next goal is to use all the cash from divested Cambridge shares to either load up more Starhill Global shares to average down the purchasing price or load up First REIT shares when its price moves down again.