Market Review and Trends
Brexit and cash holding is 50%
By Sillyinvestor  •  June 25, 2016
Do what we can control. When I read Brexit is very likely at 12 p.m. I did the following: Consider what size of equity to cash will I be comfortable with. Which are the counters that I am willing to sit through 20-30% loss. Which are the low-dividends companys with high correlation with STI. In 10 min, I took the following actions: 1) Take contra loss of Silverlake axis (recently bought) 2) Sold Singapore Shipping at a profit 3) Reduce ST engineering at break even price 4) Reduce SCI at 30% loss. With earlier sale of FST and CMPH, I am now about 50% cash. Again, luck played a part. I was ready to start buying if market goes down enough before the vote, but surprising market keep going up and I just start a small position on Silverlake which exited too. Hey, I panic ......
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By Sillyinvestor
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