Dutech International AGM 2017

Attended their AGM last week.

This is a good company maybe previously still suffering from the tainted lenses of an S-chip due to it being headquartered in Shanghai.

It has grown from humble beginnings to what it currently is, a mini conglomerate with operations all over the world.

It is being led by Dr Johnny Liu, second from left on the table. His brother, Liu Bin is first from the left.

10 straight years of growth, with hopefully much more to come under his stewardship.

Hopefully I will see even more gains on this counter.

Valeant Pharmaceuticals International (VRX)

Initiated a position on this US counter recently, at the $11+ region.

And it has been heading south eversince :(

Read a detailed history of this company here.

I have since averaged down, believing that at some point this counter will turnaround.

There have been alot of articles advocating a very bearish stance, but let us see.

You can read so of them here, here and here.

Hopefully they all end up wrong and I'm right! HAHAHA

Right now its last close was at $8.51.

Look at the chart over the last few years! Scary!

Second Berserker Rage Of 2017

Sigh.

It is difficult writing this. After the first time, I actually thought I had a better hold of my own emotions and discipline. Alas I was wrong.

This stupid rage came in two parts. The first was a stupid trade in Noble Group, the embattled commodities trader. After dropping in price for 3 straight days, I just decided to enter at a lower price out of sentiment (I have made quite alot of money from this stock previously) and who knew my price would get hit as it came crashing down spectacularly after being hit by more bad news. Total loss: SGD1,500.

Then at night, I get into this crazy FX in-out frenzy on USDJPY. Not the first time, but stupidly irrational. Total loss: SGD3,500.

In all I lost SGD5,000.

:(

Is War Upon Us?

North Korea is saber rattling again.

And this time, the US seems to want to do something about it.

It is sending an entire aircraft carrier group to the South China Sea as we speak.

Tensions are running high, with China, South Korea and Japan all trying to deliver measured responses to both sides.

Let's see what's gonna happen next.

Probably nothing.

March Performance Update

Yet another red month.

This is not going well at all.

Need to do something about this.

Thought I know not what.

Maybe I should take a one month no-trade break.

Afterall I've received a warning for exceeding my allocated number of trades (75) for both Jan and Feb and look at the outcome.