In my previous post, I mentioned that I may be buying some stocks given the potential volatility caused by Brexit.
Well, I did buy some Riverstone stocks prior to the confirmation of Brexit (you know, buy on the rumor), while expecting then that Brexit will not happen. Well, Brexit did happen- surprise, and surprisingly the stock price of the Riverstone went higher after the announcement. After all, there is no rational for some term stock price volatility.
Ok, till today, I have not bought any more stocks. I initially intended to buy some decent dividend paying stocks like QAF, ST Engineering, Vicom or Heineken Malaysia Berhad. Ok, not those super high yield kind — but more of those which I can understand its fundamental and business, low debt etc…
However, being the ‘cheap skate’ that I am, I still hope that price drop further before loading up on some (Brexit didn’t ......