Recent transactions
1. buy back Google Inc at us$865 after market on 7/18. it was sold temporary at us$895 because, according to estimation, i predict the stock price will fall to 860 after earning release. also because i need cash flow for capital injection into woolong fund.
due to this buy and sell, google inc's average investment cost has reduced by $30.0.
what if i predict wrong? then i use those cash to make my 2nd captial injection. if i am right, i can use the additional gains to settle it partially.
2. Sold petrol china (0857) at hk$9.28 + chow tai fok (1929) at hk$9.57.
i still believe these two companies worth more than hk$10.0. however, i am worry china market will fall in august or early september, plus i ve made 17% in two weeks. yes, it is short term, but in such a short term, the price rise to a point nearer my long term target price, if so, why should i keep them? just for the sake of long term? thats not bilibala's way of value investing.
Guesstimation
Apple Inc will release its earning today & Walt Disney will do on August 5th, I believe Apple Inc's stock price will rise and Walt Disney will fall.
I may be wrong, but lots of time, rise and fall is due to the gap between analyst's expectation vs the stock valaution.
To me, even there's no growth in Apple Inc, it should still worth $500, so regardless of how much the 2013 Q2 EPS, there's should be a correction in price some point in time.
Same apply to Walt Disney, recently stock price rise too much compare to actual performance, an adjustment is expected to happen. I will sell it and buy back around the earning release.
Sometime if stock price rise above the present value of my estimated corporation valuation. Instead of sell and buy another one, I normally will sell it and buy back after it fall back to a reasonable range (say fall 10 to 15%) to lower my avarage cost per share.
Top Holding of Bilibala Finance
1. China Mobile (CHL) since 05 btw HK$36 - 76
2. Google Inc (GOOG) since 09 btw US$287 - 601
3. China Life (LFC) since 03 btw HK$3.6 - 22.5 4. Manulife Financial (MFC) since 09 btw CA$9.7 - 19.5
5. Tiffany & Co (TIF) since 10 btw US$46 - 55
6. Wells Fargo (WFC) since 08 btw US$12.5 - 25 7. China Consturction Bank (0939) since 05 btw HK$2.4 - 5.35
8. General Electric (GE) since 08 btw US$9.5 - 22.3
9. Starbucks Corporation (SBUK) since 10 btw US$31 - 46.5
10. Suncor Energy (SU) since 11 btw CA$29 - 33.5 11. The Walt Disney Company (DIS) since 09 US$29 - 45
12. Royal Dutch Shell (RDS.A) since 11 btw US$63 - 68
My transaction may be misleading, but top holdings include the best corporations Bilibala invested for years with more proof record to increase in value for long run.
1. buy back Google Inc at us$865 after market on 7/18. it was sold temporary at us$895 because, according to estimation, i predict the stock price will fall to 860 after earning release. also because i need cash flow for capital injection into woolong fund.
due to this buy and sell, google inc's average investment cost has reduced by $30.0.
what if i predict wrong? then i use those cash to make my 2nd captial injection. if i am right, i can use the additional gains to settle it partially.
2. Sold petrol china (0857) at hk$9.28 + chow tai fok (1929) at hk$9.57.
i still believe these two companies worth more than hk$10.0. however, i am worry china market will fall in august or early september, plus i ve made 17% in two weeks. yes, it is short term, but in such a short term, the price rise to a point nearer my long term target price, if so, why should i keep them? just for the sake of long term? thats not bilibala's way of value investing.
Guesstimation
Apple Inc will release its earning today & Walt Disney will do on August 5th, I believe Apple Inc's stock price will rise and Walt Disney will fall.
I may be wrong, but lots of time, rise and fall is due to the gap between analyst's expectation vs the stock valaution.
To me, even there's no growth in Apple Inc, it should still worth $500, so regardless of how much the 2013 Q2 EPS, there's should be a correction in price some point in time.
Same apply to Walt Disney, recently stock price rise too much compare to actual performance, an adjustment is expected to happen. I will sell it and buy back around the earning release.
Sometime if stock price rise above the present value of my estimated corporation valuation. Instead of sell and buy another one, I normally will sell it and buy back after it fall back to a reasonable range (say fall 10 to 15%) to lower my avarage cost per share.
Top Holding of Bilibala Finance
1. China Mobile (CHL) since 05 btw HK$36 - 76
2. Google Inc (GOOG) since 09 btw US$287 - 601
3. China Life (LFC) since 03 btw HK$3.6 - 22.5 4. Manulife Financial (MFC) since 09 btw CA$9.7 - 19.5
5. Tiffany & Co (TIF) since 10 btw US$46 - 55
6. Wells Fargo (WFC) since 08 btw US$12.5 - 25 7. China Consturction Bank (0939) since 05 btw HK$2.4 - 5.35
8. General Electric (GE) since 08 btw US$9.5 - 22.3
9. Starbucks Corporation (SBUK) since 10 btw US$31 - 46.5
10. Suncor Energy (SU) since 11 btw CA$29 - 33.5 11. The Walt Disney Company (DIS) since 09 US$29 - 45
12. Royal Dutch Shell (RDS.A) since 11 btw US$63 - 68
My transaction may be misleading, but top holdings include the best corporations Bilibala invested for years with more proof record to increase in value for long run.
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