Dec 12, 2014

My week

1. Sold TNDT on 8/12/14. I have several reasons to be long but sometimes I make irrational decisions and this is one of them. I had a very comfortable safety margin due to the share price rocketing a few months ago but I also have a bad feeling about their coal plant venture into Myanmar. It does seem unrealistic to expect a poorer neighbour to house your dirty energy plant which would only feed you. 

These are also my last shares bought using the local CIMB brokerage. I had long wanted to cash out and keep all Thai-related share activity on my Thai broker due to better comms and faster access. TNDT was my baby, my one decent chance at hitting a double bagger in less than 6 months. But I'll be back at the right price, on my terms. 

TNDT has been on a downtrend and while watching it on Monday, it did not seem to be able to break out. I managed to get a decent price for the day because I was able to watch prices, which brings me to number 2.

2. I had lunch with my Dad on a weekday. It was not a long lunch but I didnt have the opportunity for this in a very long while so I am happy. This was made possible due to a very sudden "urgent leave" that is related to number 3.

3. As investors, or rather, people who take an interest in the affairs of companies for the sole purpose of monetary gain, we look at all sorts of data, then form an opinion on whether you think this company/industry will do well or flop, perhaps in the words of Carson Block (the equity is worth zero!).

Do you have a tendency to apply this to your day job, working as a so-and-so in the so-and-so industry? Because I did, and my opinion is not positive. That scares me, and makes me feel the urgent need to review my career options and preparation.

4. I am down. With the flu, fever and sore throat. It is ironic how I was fine the whole year in the UK, with a colder climate and dirty air. Yes, the air is really dirty, just look at the color after a swab of your nostrils!


I watched this. Ouch! We are getting further away from 1600 , in the wrong direction! 

Kasikorn research has an interesting presentation on the market going forward. While they have identified some trends/catalysts that are agreeable, I think I have better names than the ones suggested. 

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