As mentioned in my previous post last week, a momentous event like Brexit seems to be too juicy to miss. Over the weekend, I set about trying to find a way to hopefully profit from it.
Fortunately for me, I have just a few weeks earlier, divested my entire stake in Hock Lian Seng and a substantial stake in Metro Holdings, freeing up capital to deploy in turbulent times like this. As mentioned in earlier posts, I’ve also covered my shorts, freeing up yet more capital. It’s been a good black swan event thus far, no complaints.
I am no expert market timer. I did not forsee Brexit. And like many others, there have been many times when I found my capital locked up when there’s panic and it’s time to buy. This time though, luck seems to be on my side.
Over time, I’ve come to realize that aside ......