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Newbiestock, correction is great so that we can take the time to differentiate the gem among the hay stack, and buy into them slowly. I bought some starpharm few days back when I queued at 4.2c. Do you have chance to look into this pharma?
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relaxing wrote: A mth ago I said I’d join when the party starts. Have now bought back at 13.4 cts though IMHO, the current SGX correction will likely go on for another week or two. I think the downside risk is minimal for next 6 mths , but frankly can’t predict how this will end , so should only play with spare cash.
No point analysing details re how money will be used. This is a high stakes game as CEO Lin is pledging all his shares for the bonds issued and the China hand SHK is risking a large sum of money. Presume SHK have done due diligence , hence I am going along with them. This method of investing is not recommended. Dyodd as selling is as important as buying.
Just to illustrate how difficult to predict S-Chips? Early last yr, I posted that I wanted to buy Sino Grandness at 40 cts, but hesitated because of the bad reputation of S-Chips then. But when they ann. the convertible bonds, I took it off my watchlist as I thought they’d never meet the bond conditions. But the odds are better today though I’m not sure how to value it as the game is not over yet. Because I was too careful, I missed out on this multi bagger though no regrets as that was the right decision then.
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