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AUGUST TRANSACTIONS
By Alpaca Investments  •  September 10, 2017
1) Divested NetLink Trust at $0.805, because I expected the cessation of the stabilising purchases to have an adverse impact on the share price, similar to HRnetGroup two months ago. However, on hindsight, this was a speculative decision and probably shouldn't have been a strong reason to exit, given that the fundamentals haven't changed and NetLink's dominant position in the fibre broadband market. 

Since my divestment, NetLink's share price has risen by around 4-5%. The strong performance recently can probably be attributed to expectations that the pace of rate hikes will be slowed, which benefits high dividend yielding stocks, as well as recent tensions around the Korean Peninsula encouraging investors to rotate into less 'cyclical' stocks.  
Thankfully, my loss was a rather insignificant, given that I bought the shares during IPO. This was probably a good learning experience to resist the urge to make speculative trades, and focus on the fundamentals of the company.
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By Alpaca Investments
I'm currently an undergraduate studying accountancy in one of the local universities. My ideal career would be either in private equity or venture capital, as the analytical process involved greatly interests me. I believe in working hard, while concurrently putting our money to work. I currently have a low five-figures portfolio, accumulated from working part-time jobs, my National Service allowance and my savings.
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