Believe it or not, this is the counter i value averaged down to $2.50 and yet my average price is $3.50/share. My value average down tactic for this counter must be very poor. But i am not complaining for the dividends i receive so far are quite good. Especially those at or near Christmas day. Must be more patience in my value average down tactic for the next round.
I am not much better than Temperament.
I average down to S$3, now with average cost of ~S$3.5/share, same as you
I only started to go in 2009. just few years of shareholding. I am happy with the dividend income i received. The return is good, although not as good as others i invested
So far i got CAGR of 9% for my SPH, including dividend
Yes! i have bought a few lots@$4.5+ much, much more earlier than 2009. i really know now i went in too aggressively in 2008 to 2009. Well, we all should have another chance to practise again our value-averaging for this counter. i believe every counter needs different tactic of value-averaging. It's because no counter behaves the same during a Bear's pawing. Some fall very fast. Some take their own "sweet time". IMHO.
Thanks for sharing, Temperament.
Let me share one recent experience i had with SPH.
When the share price is about S$4-4.5 around end 2010-early 2011, i had done a review on SPH myself, with conclusion that after sky-eleven project, the revenue will not sustain (a shortfall of ~100 mils in net profit after sky-eleven), and if market reflect that, the share price will go below S$4 or even much lower
If i believe in my own work with hesitation, i should sell above $4 since my average then is much lower, and buy back later when price had adjusted lower
Well now it will take quite some time for SPH net profit to reach ~500 mils again.
"When the share price is about S$4-4.5 around end 2010-early 2011, i had done a review on SPH myself, with conclusion that after sky-eleven project, the revenue will not sustain (a shortfall of ~100 mils in net profit after sky-eleven), and if market reflect that, the share price will go below S$4 or even much lower"
Unquote:
Ya lol, i did sell 1 or 2 lot@$4.6-$4.7 at that time or earlier (sorry i am too lazy to check to be exact even though i have record even up to 1987/8. Not necessary ma.) Once below $4.5 i keep the few lots (bad habit of Price Anchoring) and value-average down till $3.5/share. i have sold some @$3.89 this year. i may sell more if the Market allows or favours me. To tell the truth, i am actually preparing for the next cycle. But it looks like it is still too early. Nevertheless who can tell. Er...... actually i think am a BEAR/BULL trader not really a "value investors". You can call me a "ROJAK Investor". It doesn't matter to me as long as i can make some money.
Yes, as long as it create happiness for you, why care... uncle Temperament. I hope you would not mind that been called as uncle, isn't it?
If i am right, above $4.5 is around 2008, before financial crisis in 2009. I did not buy then, too expensive.. I go in during financial crisis time
Of course i am going to be 64+. Actually i bought 1 to 3 lot much earlier than 2008. then try to value average down till the "end"'
buy in at $3.50, sell out at $4.
Keep repeating!
Ha! Ha!
How do you know my short-term trading plan? Hope you are right, buddy. Keep repeating??? Everyone would just love to if possible. Actually i think it is possible if time is not a factor. But then who knows what is going to happen to the company next moment? Even if you guess the next cycle right.
(30-03-2012, 09:44 PM)brattzz Wrote: [ -> ]buy in at $3.50, sell out at $4.
Keep repeating!
The last time your price level was triggered was,
$3.50 : 20-Jul-09
$4.00 : 27-Apr-11
See Yahoo Finance
Chart.
You may want to tighten your range to $3.6x (Buy) and $3.9x (Sell) if you wish to enjoy such thrills more often.