April was another month of roller coaster ride after February this year. Trade volume and momentum were gradually picking up from where we left off in March and things were looking positive due to all the mostly positive earning reports of this quarter's earnings season.
However, things took a turn in the last week of the month when Greece's rating was lowered to "junk" grade, Portugal's rating was down two notches and Spain's rating was down by one notch. These events cause STI to drop by almost 60 points in one day.
At this point of time, outlook for the economy still seems unclear, but I believe the long term positive upward trend is still intact. Hence in this month, I have added another 2 holdings.
From the technical point of view, Healthway seems to be heading to a breakout in the upside as its bollinger bands are getting narrower and both relative strength index and stochastic are pointing to the oversold conditions. Therefore I took the plunge and bought it. However, till now, it seems like the situation is not in my favour and the price continues to decline but I will hold on to it as I suppose the good upcoming earnings result will provide a boost for this counter.
In addition, I have added First Ship Lease Trust to my holdings for long term dividend play. As the shipping and offshore industry is on the recovery mode now, I believe it has potential for capital appreciation. Even if the upside is limited, I will stick to this purchase for long term dividends so as to achieve my goal stated in March to collect a total of $1,200 for the year.
Overall for this month, total unrealized profits has increased by about 68% as compared to previous month. This increase is contributed by the recovery in the retail sector which boosted FJ Benjamin to a new high. I believe the earning report for FJ Benjamin will provide further upside for it. I will continue to hold on to all my counters till their respective target prices are reached.
However, things took a turn in the last week of the month when Greece's rating was lowered to "junk" grade, Portugal's rating was down two notches and Spain's rating was down by one notch. These events cause STI to drop by almost 60 points in one day.
At this point of time, outlook for the economy still seems unclear, but I believe the long term positive upward trend is still intact. Hence in this month, I have added another 2 holdings.
From the technical point of view, Healthway seems to be heading to a breakout in the upside as its bollinger bands are getting narrower and both relative strength index and stochastic are pointing to the oversold conditions. Therefore I took the plunge and bought it. However, till now, it seems like the situation is not in my favour and the price continues to decline but I will hold on to it as I suppose the good upcoming earnings result will provide a boost for this counter.
In addition, I have added First Ship Lease Trust to my holdings for long term dividend play. As the shipping and offshore industry is on the recovery mode now, I believe it has potential for capital appreciation. Even if the upside is limited, I will stick to this purchase for long term dividends so as to achieve my goal stated in March to collect a total of $1,200 for the year.
Overall for this month, total unrealized profits has increased by about 68% as compared to previous month. This increase is contributed by the recovery in the retail sector which boosted FJ Benjamin to a new high. I believe the earning report for FJ Benjamin will provide further upside for it. I will continue to hold on to all my counters till their respective target prices are reached.
My Current Portfolio:
Lessons learnt: Patience is a virtue. As long as the fundamentals of the company are good and still intact, it is worth to hold on to the counters. Their true value will be discovered and reflected in their share price in time to come.
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