In my last post, I mentioned that I bought Ireit and UOL on Monday. Some asked why Ireit …
I have Ireit on my portfolio for years already. Hence, my purpose for buying it was to accumulate and my entry point was around 70 cents. It would help me to average down my cost. Bulk of my Ireit shares were bought at 70+ cents.
I managed to get some at 70.5 cents on Monday. It had retreated about 10% from its recent peak of 76 cents a week before and therefore, I thought it was a good opportunity to accumulate.
It was unfortunate that I didn’t gather enough courage earlier to buy when it dropped to 40+ cents in late March. I only started the recent accumulation at 60+ cents when things appeared to be more stable. I know some fellow bloggers like AK managed to do so and I am happy for them....