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Portfolio Update 18 August 2007
By Derek  •  August 17, 2007
By: Derek Lim I have sold all 10 lots of Unifiber at $0.210 at a loss of 23.59%. However, I'm fortunate that my overall loss was not too affected as Unifiber made up only about 9% of my portfolio. However, in line with the market tumble this week, my existing portfolio is now at -6.13% and my returns for the year is at -4.97%, mainly brought down by a sharp decline in HL Finance. I still stand by my stance that HL Finance will do well. With the spare cash I had from selling Unifiber, I have bought a 4 lots of Hiap Moh at $0.62. At first glance, it seems weird to buy a stock that has already risen over 70% since March 2007. However I have my reasons.
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By Derek
Derek is an investor who follows Peter Lynch style of investing. He prefers to use simple and straight forward information for stock analysis. He started TheFinance.sg with the intention to bring together all bloggers and professionals who are interested or already in the area of Finance and Investing, and to create a community where everyone is free to write and to share their articles, experience and opinions.
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