I made a brash decision today. I bought a counter while I am still in the midst of researching on it. That counter is CapitaCommercial Trust (CCT), the commercial S-REIT managed by Capitaland Ltd.
From my preliminary findings, I know the S-REIT looks promising. CCT dropped to $1.67, which coincides with the Net Asset Value ("NAV") per Unit as at 30 September 2014. (After CCT's recent convertible bond redemption, the adjusted NAV should be around $1.6627+ according to my calculation. Not far away from the last reported NAV.)
I felt an urge NOT to miss this opportunity while Asian markets are bathing in a sea of red. Decided to put in an order for 3 lots @ $1.67. It was filled around 1pm.
Thoughts abound in my head.
"Perhaps I should have completed my research first. Perhaps the counter will drop even more tomorrow. Perhaps... ......