This is a recent strategy which I am experimenting on my CFD account which I will be explaining more in detail when I have the time to blog the full implementation on it.
I recently opened a short position in UMS Holdings at the price of $0.66 for 50,000 shares.
This was somewhat a different strategy I have for my main portfolio which focuses on dividend income strategy and will remain the core of it for the most part of things.
UMS has been a very popular stock in the past 2 years due to their recent semi-conductor upcycle, which seen their stocks price goes as high as $1.30+ prior to the bonus offer 1 for 4 sometime during this same time last year.
Since then, their results this year have not been particularly good, with the trade war between the US and China impacting the demand production ...
...I recently opened a short position in UMS Holdings at the price of $0.66 for 50,000 shares.
This was somewhat a different strategy I have for my main portfolio which focuses on dividend income strategy and will remain the core of it for the most part of things.
UMS has been a very popular stock in the past 2 years due to their recent semi-conductor upcycle, which seen their stocks price goes as high as $1.30+ prior to the bonus offer 1 for 4 sometime during this same time last year.
Since then, their results this year have not been particularly good, with the trade war between the US and China impacting the demand production ...
