Posts

Showing posts from December, 2018

Expecting "Santa Claus Rally " in 2018 , No ?

Image
Christmas is just around the corner and some of us may be busy doing the Christmas Sales shopping to buy gift or present for your loved one and some may be "worry ", looking on the screen seeing DJ dropped by few hundred points each day.

Yes, guess there will be no so called "Santa Claus Rally" this year as market expected to be in volatile mood and swing viciously.

Santa Claus Rally( from Investopedia.com)
More than half of S&P 500 stocks are now in a bear market( from MarketWatch.com)
Although US market has corrected by more than -12% from the peak in early 2018 but is still far from long term mean level and not to mentioned about crisis level.

Bye Bye M1 : Catching A Falling Knife

Image
Finally , I have completely sold all my remaining share of M1 at lost of -$14,226.78 , while some might still waiting or hoping for a better counter-offer from another major shareholder. Yes it is a negative XIRR of -5.5% after close to 4 years of investing.
Have to admit that I have underestimated the impact of "regulatory risk " after the government  announced the new permit for 4th Telco and the subsequent disruption from severe "price war" not even the start of operation of 4th Telco.  Share price of all the Telco dropped by more than 40-50% from the peak since after the announcement of possible 4th telco in 2015 and confirmation of successful bidding of NESA from TPG Telecom of Australia in Dec 2016.

Related Posts Plugin for WordPress, Blogger...

Labels

Show more