As mentioned during the annual report of Sillyinvestor Inc, we will continue to trim our portfolio to hold more cash as and when opportunity arises.
The management does not think there is anything fundementally wrong with the company. The privatization of parent company is just noise.
With a holding period of 15 months, the return has been 16% including dividends. We feel it is a fair return as we await opportunity.
The management want to take full advantage or a bear/ correction as and when it happens. Management believes it should not need to wait more than 2 years. yes, we are attempting the impossible, trying to time the market.
In the 2 years, there might be opportunity loss in holding cash, but management is trying to press the reset button on its investment.
There is unlikely to be further selling in the portfolio as the company is …