Highlight of this month? Yes banks. Who would have expected institutions who are expected to be cash manipulators, to run into difficulties?
Downfall of Silvergate and SVB and Signature Bank
Panic shockwave through the financial sector as banks scrambled to reassess their fundamental vulnerabilities and exposure to the fallen few.
Credit Suisse, being a major player and holding 1.5% of the world's money, had shaken and other banks rushed in to bail it out to prevent this pillar from falling, which may potentially crush the financial sector.
Im guesing that if anyone were to dig deeper into the cracks of these banks' vulnerabilities, more shit will be revealed... its just a matter of time.
Anyway, I tried trading again after getting my hands burnt on Geo Energy Res last year during this period as well. I think my portfolio is being eaten up alive by the economic uncertainty, so if I were to grow my money I had to start trading again, somewhere, right?
Chanced upon Rex Intl as it seems like a high volume trading counter and people were talking about it. Spotted it at 0.12 and was hesitant cos I wasn't sure about the prospects.
After looking at the trend a few more times I tot yes, I should enter! Tried buying at 0.134 but was a few minutes too late... and I hesitated (damn why did I hesitate so much!!) Costed me 0.12 of profits as I only entered at 0.146 T.T
Ok, now to look for an exit point. Volume is still high at 0.156 as of today, buying pressure is still there, I'm thinking of grabbing a 10% profit. Which is around 0.162. I try to make it my exit price, period. But if the graph suggests a higher TP I shall revise.
And I looked at my dividend this mth. Thanks Lendlease.. I am not subscribing to the DRP. Better collect cash.
Warchest: 30.17
Dividends received YTD: 672.86