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SRS Portfolio – 30 April 2022
By Mr. IPO  •  April 30, 2022
It had been a bloody 4 months. For investors who have been averaging down the tech stocks, more likely than not, they would be down at least 50% from their purchase price. My US positions are no exception and many hit my money management level (i.e. cut loss levels). Some of you don't practise (or don't believe) in having cut loss levels but it has always been my  mantra to have them whether I am investing or trading. My SRS portfolio has been pretty resilient and the only sore position was OTS Holdings. It suffered from a few things that I would have traditionally avoided – low trading volume, small cap and lack of institutional following. I had wanted to cut loss on this position but the bid-ask spread and the lack of liquidity prevented me from doing so. The portfolio is up about 5% due primary to the Suntec REIT that have done very well and you...
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By Mr. IPO
Mr. IPO graduated from NTU with a Bachelor in Accountancy (Honors) and started life as a lowly auditor. The audit experience not only polished up his accounting skills but also made him very skeptical about the financial records of companies. He always read the financial reports with a huge dose of salt ...
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