I have always maintained that I suck at trading and timing the market. That said, from time to time, intense short term pain in the markets sometimes compel me to think about making a high percentage trade. Recent volatility in the Singapore stock market presented some opportunities for me to do just that.
This blog covers mostly the actions I did take, so a story of how I sat on my fingers might be useful learning too.
Venture Corp (SGX:V03)
Venture Corp is Singapore’s largest contract manufacturer. It is the most recent addition to the STI. Venture has been on a bull run for the past 2 years on strong earnings largely from strong contract demand.
Recently, Venture had been in a free fall mainly due the emergence of a short selleralleging that 30% of their sales are from Phillip Morris International (PMI). This was compounded by the cigarette maker’s poor …