JB & RTS

  Been going into JB a lot this year.

Something’s drawn me there that I will be going in a little more out of necessity.

What excites me is firstly the latest RTS development, and secondly the SEZ between SG and MY.

I see a lot of potential in these developments that the north of SG will be a lot more integrated with JB.

Hopefully it really gets better and becomes a realistic opening up of more businesses, lower prices and better interconnectivity for us all.

To cheaper purchases!

To retirement in JB!

USDJPY

 There was suspected intervention recently.

So I took the chance to go long around 158.50.

Basically taking advantage of the daily carry while the price trends back to 164 thereabouts.

The same old story and same old playbook.

Let’s see how long I keep this position.

SPCX

 SpaceX just IPOed.

I made some money on the way up to 200+ but it’s since come down to close to 100!

I’ve bought some puts on the way down as I feel the stock will crush into the 60-70s due to the share unlocks. Only 5% of the float is public right now!

Guess what, the first unlock tripled the share float just two days ago and the stock last night flew up to 133!

So weird.

And The Market Has Recovered

 And suddenly, everything has recovered.

It is almost as if the sudden AI mega drop didn’t happen.

Glad I never liquidated anything.

I feel like my portfolios are all very strong and resilient right now.

Total Market Is Crumbling

EOS is down to $6.67

META is down to $589

IREN is down to $30

Tough to catch a break right now honestly.

EOS Down Again

 Such strong fundamentals.

Yet it is down from a recent high of $12, to the current $7.

Damn xianz.

Was sitting on a VERY sizeable profit and now this.

Hope it comes back up again quickly.

META

 It’s funny that META is my current only Mag7 holding remaining.

I got assigned 200 shares very early this year and have been holding it since.

Part of the reason is that I have a long dated covered call tagged to it that is very profitable if I hold it till expiry.

Right now this strategy of selling puts to enter into fundamentally strong stocks until I am assigned the underlying shares, followed by selling covered calls on them, has proven to be very profitable for me,

Long may this continue, 

Huat ah!

Tencent

 If you followed my post for long, you’d know I dare not invest in China stocks.

It’s been a long time.

Generally it’s because the risk is always that the Chinese government could easily make a policy change or announce something adverse that renders previous assumptions useless.

That’s said, I recently see a lot of value for many large cap Chinese stocks more because of how beaten down they are.

And I have just started an investment into Tencent, it’s HK listing.

Let’s hope it double from here!

BTCUSD

 Just to put on record, that BTCUSD is currently at around 60K.

That’s more than half of what it was a year ago.

Luckily I don’t have that much exposure in crypto anymore.

I remember not too long ago I almost bought one full BTC for USD125k OMG.

NASDAQ Finally Down

 Lately the NASDAQ has finally come down quite a lot.

Down to below 29,000 last Friday.

Is the AI bubble bursting?

The Mag7 have all come off their highs.

All the compute and AI spin craze have been brought down to earth somewhat.

Let’s see.