This is the first Blog by Mr Sotong Stock Blogger. The reason why I am doing this is because, after investing for about a few months, the stock in my portfolio isn't going nowhere. Initially i thought that my fundamentals were good, but the reds in my portfolio defies what my logic and rationale for the purchase of the stock. It might be because I have ran out of patient, or maybe its because I just didn't make the correct decision at the time I purchased the stock.
So far, I am exposed to many blogs who post recommendations of the stocks that they have research on. I respect this people as they are willing to put in additional efforts to do their homework so much so that it benefits others. What I am i hope to do is slightly different. I intend to post my portfolio's value on the blog, with all the reasons and rationale. This is so that I can reference back whenever I see my portfolio and question myself. It can also be guideline for my investing philosophy.
By posting it on the web, people now read and question my decisions. From there, I can learn not only through investing with a first hand experience, but also learn from other people's experience. I wouldnt be able to reply every comment, I am not even sure whether there will be visitors to this site. Do note, at this point of time, this is done to serve as my reflection for my investing philosophy although people may take some of my rationale for their sales or purchases of stock.
Let me also say that I am in no position to give advice as I am not an expert in this field, take note of this disclaimer. With that I shall start posting the blog proper.
This is how my portfolio looks like as of now, 28th Sept 2007. Below is what my portfolio looks like 2 months ago.
Pineagritech (PAG) has been a strong performer (in my opinion) till some time in june/july. It produces soy products for humans and livestock. I am not sure why the stock price drop, since earnings has been consistent. But the company itself mentioned that sales in the future wouldn't be as good due to the decrease of livestock. Also, at the time just before the price drops, the company issued out a very large amount of bonds, which can later be converted into stocks; convertible bonds. In this way, the shares will be further diluted. This is one of the few reasons why the stock price drop. Another remotely possible reason is because People's Food's (Pfood) share price might have indirectly affected it. I am really unsure of PAG's situation and I am in a tight dilemma, since it is my largest non-ETF stock.
HTL Int'l is similar to PAG in many ways, and worst. It is a sofa manufacturer. Initially, it was a real solid contributed. Now and then postings of its amazing accomplishment in the newspapers and Forbes magazine if I remember correctly. Sales and revenue has been on an uptrend and the company is doing well. The reason why the company did not perform as well was because of increasing price of the leather. HTL's production lines rely heavily on leather hides and the increase of it has eroded away more than what the increase of sales are. As usch the share price suffers.
Jurong Tech (Jurtech) is one of my weirdest price. It is in the semi-conductor, handphone component industry. In fact i don't even know what exactly it does. I also noted that it is in the STI. So why did i buy it? I bought it on impulse. That is a blunt way to say it. Initially, when I bought it, it was about to issue its dividend. And then a few days after Cumulative dividend (CD), the stock rose 10% and I immediately had a paper profit of $300. That was the highest I ever seen at the point of time. I was probably greedy, or naive and I held on to it without knowing its underlying fundamentals. Look at the red figures on top to know what happen later on. :)
Aspial. The stock that I took so long to decide. I took 2 months to decide, watching it rise from the mid 50cents to the the price that i eventually watch it, 0.77 (average cost per share). And a few days after I bought it, it dropped to 0.69, although i felt like buying more, i expanded my resources. It took another 2 months for it to recover to its current price. How dumb can I be? Probably dumber when you see the next post.
Hour Glass (HrG). Basically I saw the stock at the start of this year, just before my FNA1002X proj. I gathered my teammates and review which company to do. We took some time and decided on HrG. At that time the price was 1.18. It wasn't much of a motivation for me to buy something that "expensive". We did our proj research and found out that earnings had been great. Management was not bad. The balance sheet and income statement was also interesting. Basically, I it was exactly the stock i want. Except that i didnt purchase it. Our group even agreed that it was a good stock. And all 4 of us watch it rise to 1.7+ and drop to 1.4+ after Ex Dividend (XD), and rose to the current 1.6+. What a roller coaster it was. I was so sad that I choose not to find out how much the dividend was. It was just heartbreaking.
Well, so this blog is a blog for me to post my findings of the good stock. Convince myself and then make the correct decision or leave with the red figures up there.
I will try to finalise my investment philosophy in the next post, hopefully over this weekend. Just hope that I finish my TR2201 and TR301 modules in time.
Let me humour you(and me) of my watchlist.
Cheers
