Friday, 9 August 2024

What a week

 Stoks

  • Some thing about yen carry trade happened and markets had a big sell off on Mon and boy, local banks weren't spared.
  • DBS took almost a 6% drop on Mon and closed 5% lower for the week thanks to decent earnings if not how much lower I dk.
  • OCBC was slightly better at 4% for the week and ex div on Fri thus explaining the rise in share price as people bought at a discount.
  • Will probably buy the ex div amount on following Mon which is around 300 shares for DRIP.
  • DBS will ex div on Thur but unlike OCBC n UOB which increased their dpu, DBS was flat and announced PG's retirement.
  • Hopeful upcoming CEO will be a capable one and not because of female empowerment stuff.
  • We still have around 2 earnings call to see the direction of bank's earnings, probably not gonna buy anything for now till TP for both banks.
  • Plan to increase allocation of OCBC in the future and continue with the 1K USD into QQQM every month
  • Did some cha-cha with IBKR and ended up downloading the app again.
  • As usual US pure manipulation with lesser people claiming unemployment benefits which contradicted the previous increase in unemployment.
  • Bloddy hell, they should not be thinking of cutting rates since they have a 'better' data now.
  • PLTR is ridiculous, almost 40% in the last 5days while I lost all my gains and PnL is probably flat or negative this year.

US P/L 264200.22

SG P/L 9011.74

IBKR down-ed 2.4K before reset

Down-ed approx 28.6K SGD

First time seeing DBS go red but did some sell low, buy lower and brought cost basis down.




250000 SGD 

1.3208 USD FX

Withdrew 5K for premiums





Next TP at 31.5 and 13.50



70.07% Banks

29.93% Cash

Will be taking some cash out into CIMB next week

Life
  • Still waiting for my op36, it's been almost 2 weeks and seller is still waiting for factory to send the product.
  • Haven't been running this week, form will surely be worse than last week.
  • Another month has passed, will be collecting the next payment from trader fren next week.
  • Did some adhoc clearing of stuff and renewed 6mths road tax...pkl

No comments:

Post a Comment

No fed cut but one member say next month possible.

 Stoks Another down week for local banks, while not much directions for US markets despite the wars or whatever ongoing saga. Biggest news w...