This will be a very short post.
Today, I did some
reshuffling to my holdings in my portfolio.
1) Basically I sold half my holdings of CapitaLand Shares (for a small amount of profit, 4%), and bought some ISOTeam and Sarine Technologies shares. Overall cash war-chest increased.
2) Rational for doing so:
- I have been wanting to offload the fundamentally weaker counters (CapitaLand being one of them), to increase war-chest.
- The share prices of ISOTeam and Sarine Tech have dropped recently. However their prices did not fall below the estimated intrinsic value (so did not buy a lot). However, I believe they are strong growth counters with acceptable low debt level.
“If I’d bothered to ask myself, ‘How can this stock go any higher?’ I would have never bought Subaru after it already went up twentyfold. But I checked the fundamentals, realized that Subaru was still cheap, bought the stock, ...
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