Shares & Derivatives
Singtel – Accumulating as part of my mutated DCA
By Invest Openly  •  April 16, 2017
As per my previous post in Nov 2016 (click here to see), I've chosen Singtel (Z74) as he stock to go on "DCA" (the reason why I bracket it is because my original intention is not to strictly invest every month but rather retain the flexibility to enter as and when I viewed that the price is right). Well, you may argue that I should not even call it DCA (Dollar Cost Averaging), you are probably right, but who cares, it doesn't really matter lol Since Wednesday (12/04/2017), for some "good" reason, Singtel share went through a phase of massive short selling, the share price has dropped about 3.5% (from $3.90 to $3.76 at yesterday's closing). So, I took this opportunity to accumulate the Stock in two tranche (500 @ $3.81 and another 500 @$3.76). In total, I have accumulated 1,500 shares with the average ......
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By Invest Openly
My name is Richard Ng and I am a Malaysian turned Singaporean. This is a personal blog of mine detailing my venture in Share Investment Project. All the details in this blog are from my real venture (as it happens) and all amount quoted are in SGD (Singapore Dollars), unless otherwise stated.
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