Starhub @ $3.86

Buy @ $3.92, $3.80

Very happy to see 9am matching at $3.92, -5ct from last Friday close. Quickly went to Jump-Q, only to see it plunging to a low of $3.70! Mkt was filled with fears due to Greece imposing Capital Control… chances of GREXIT is very high now…

The drop to $3.70 was too fast and even as I was still thinking at what price to buy more, it'd quickly recovered to $3.80. I bought some more to average down… It dropped back to aro' $3.76 but quickly recovered to $3.84 and hovered aro' $3.86 (my average buy price for today) for most of the rest of the day. It hit a high of $3.92 before closing at $3.89.

Will most likely hold till it's at least closer to $4 (my previous target buy price) as Yield is now 5.141%…

Starhub @ $4.04

Sell @ $4.04

Contra off… Couldn't resist the temptation to take profit… Perhaps cos' I have 2 more batches at 2ct & 4ct steps higher, which I can sell if prices go up further… 😀

Starhub @ $4.05

Sell @ $4.05

Contra off yesterday's buy… 😀

 

Buy @ $4.02

Jump-Q at 5pm matching to buy back…. 😀

Starhub @ $4.01

Buy @ $4.01

Yield Arbitrage… Replace Singtel & M1… But, actually to average down previous buys.. ðŸ˜€

Starhub @ $4.04

Buy @ $4.04

Jump-Q at 5pm matching to buy… have not dropped a lot yet compared to M1… 😀

Starhub @ $4.06

Buy @ $4.06

Oops… didn't realise yesterday was the last day of cd when I bought…

Saw a very -ve report on TELCOs by UBS dated 19-May fm Sam, which very likely was responsible for yesterday's sell-off Their target price for Starhub is $3.80… not too bad, only another 5%+.. M1 is very bad… $2.80, another 15% at least more to drop… But, the report was mainly based on the likely 4th TELCO news and their projection is impact will come only from 2017. Take the risk that it's an over-reaction and possibly, by next Q results, with another Div declared, prices may become stronger… 😀