Blumont

I have to tell you that I have been swarmed with work, which is why you hardly see any postings from me in recent weeks. In fact, my crystal ball tells me it will be even worse in November. Nevertheless, i have to tell you about the near miss i had.

I had a short coffee session with a stock veteran on Wednesday last week and nearly spilled coffee on him when he told me 

"I just whack a few hundred lots of Blumont and hold. Don't think too much, when such opportunities come, just whack".

You know i never really like small caps but having said that, i also know that small cap will give me the opportunities to make muIti-baggers. 

Since i trusted this veteran, I whatsapp my broker immediately,  asking him, can i buy Blumont from my SRS account at $0.14 and he replied, nope. SGX says cannot, only cash transaction allowed.

I was not deterred but decided to do more work over the weekend to find out the intrinsic value of Blumont and saw this article by Kevin Scully. 

The next thing i know, SGX lifted the "designated stocks" on the 3 stocks including Blumont and here you go, the opportunity to make some money "vanished" in the air. 80% return within one day at the end of today. Urggh... perhaps i should be more 'gung-ho', think less and use my 'cash trading account' to buy Blumont instead. 

Sometimes i am quite amused by my own 'inertia' and the excuses i have for not executing the transaction... i better be more 醒目 (alert) to such opportunities.

I haven't told you about another missed opportunity in RH Petrogas at 66c. I am already quite upset with myself. haha will keep the story for another time if i have time... but UOBKH came up with a $1.60 target today and i think the chance to buy at 66c will probably be gone for now :(