Toilet Paper Ruins the Day

We should call 6 April as the Toilet Paper that caused the lao sai on China stocks on SGX. The founders of China Paper found it so tempting to sell their own shares on the market despite reassuring the public some time back that they will not be selling the shares! This draw a strong criticism from Gregory Yap from Kim Eng and the share price dropped from the opening bell. The drastic fall also resulted in most other China stocks getting dragged down as well despite a firm opening in the morning.

Starfish Swing Fund Update

I sold off Full Apex at 37 today. I was starting to get wary that Chinese stocks may have run a little bit too fast and too quickly. When all the China stocks start to get upgrades and gapped up at any good news, it is time to be very careful!

I also sold off Tat Hong at 895 at pre-close and you know who bought it from me? It is CSFB!! At least they put $ where their mouth is and bought the shares recommended by their research report. :) Perhaps i should buy back the shares soon? kekeke lets' see how.

I only have 30 lots of Beauty China left in my trading portfolio. Anyway, here is an updated look at my Fund (only March-April trades shown here to make the picture clearer).