There are probably two things that may have caused the LVS price to drop. One is the lawsuit brought by a Hong Kong businessman who says that the casino run by billionaire Sheldon Adelson woes him for obtaining a license to operate in Macau. The other is the H9N7 bird flu in China.
I didn't see these two coming and was hoping LVS will ride higher to break the 52-week high of 62. It kept dropping last week and I hope it does not drop below 50. I will load again when it is 20% below my buy price. I'm thinking whether it makes sense to sell half of my holding and keep the other half. When it drops below a certain value, I can use the other half to buy back at a cheaper price. When it goes above a certain value, I can sell the other half to gain back some profits. However, every transaction, I will need to pay a minimum fee of 20 dollars.
Golden Agri:
I'm keeping, though the price was dropping for the last week. The CPO price is relatively weak but I'm keeping it till I break-even.
Olam:
Maybe I should have sold one lot (which I bought at 1.51) to lock in the profit when Olam was at 1.75. But I was thinking that that may not help much.
Yangzijiang:
The dividend is set at 0.05 per share. AGM will be on 26 Apr and shareholders will vote to approve this. So, probably the ex-div date will be in middle of May. So, in May, I will receive $500 for my investment. If after ex-div, the price is still above my buy price, I will sell the stock and move to other counters.
Swiber:
Saw the price went to 0.645, I was thinking of buying but I wanted to conserve my funds.
Not an indication to buy or sell.
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| Investment as at 7 Apr 2013 |
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