Long term stock investment wise, I had sold off all 400 shares of Sheng Siong (OV8), a Singaporean supermarket chain and used the money to buy 1000 more shares of Three Gorges Renewables (600905), which has fallen in price again. I like Sheng Siong a lot, however that 400 shares are not going to help much. I figured it would be better to reallocate it to Three Gorges, where I could average down the price a bit more. 47.11 SGD profit from Sheng Siong. Not much, as my volume is very small.
If Sheng Siong falls back to the $1.50 per share level, I will see if I can take out some money to buy a larger volume this time. Also, as I have high confidence in Three Gorges Renewables, if they continue to fall in price, I will continue to put money in. I believe that as long as it is below 5 RMB per share, it is a good deal to buy in. I now hold 7000 Three Gorges Renewables shares at an average price of 4.54 RMB per share.
Short term trading wise I have started trading small lots again to earn the coffee money. While I still hold some bigger lots (they are still quite small though), I intend to close them whenever I can. That being said, if a good opportunity arises, I will not factor out increasing lot sizes. For now, I just want to earn money in a low-risk manner. 116.95 USD profits for this week.
