My Honest Assessment of my most recent Trades...

Genting (S) - Bought @ 69c mainly as a proxy for a market rebound a la 1998, and also to experience the satisfaction of buying at a much lower price than other interested investors and fund managers, even including listed Hexza Corporation, which revealed in its last AGM that this was their 3rd largest portfolio holding.


Had I known it would report a 4th quarter loss lately, I would probably have delayed my entry till March, which I felt was a safer time frame to catch a bottom.

Grade = C + (Quite a distance from its 2016 low of 66c, saved only by its subsequent rise to 72c after the bad news anticipated was removed as an overhang on the stock)


Global Oriental - Bought @ 46.5c based on a quasi double-bottom formation, but also because its cash:borrowings ratio at 30% was not too unfavorable  for a property developer.

Sold @ 48c the day after because I wanted to take some profits on a Friday heading into an unknown US stockmarket performance and weekend uncertainty.

Grade = C - (May have lost the discipline by selling early since the price action seems to suggest further upside is ahead)

Malaysia Marine & Heavy Engineering - Bought @ 91.5c last week based on a high conviction double bottom formation and its net cash balance sheet, a belief in bottoming corporate performance and also as a proxy bet on the short-term rise of crude oil.

Sold most of it @ an average of $1.0873, near the high on Thursday, after resisting the urge to take profit at 1.03 and 1.05 and even 1.00 the day before.

Grade = A+ ( On hindsight, almost a perfect entry & exit, entering just four ticks below its all-time low, and exiting less than two ticks below its weekly high, just in time for crude oil to correct 3% over the weekend).