Dacai

Looks like the bull has resumed for the memory chips. How long it will last, I don’t know. Just follow the smart money and don’t be left holding the bag.

I’m not vested in SIA and SATS. I think this kind of upside due to the drop in oil price won’t last as there will soon be profit taking.

$IFAST(AIY.SG)I have received the second dividend payout on 12 Jun. I was expecting the stock to go down to below 8.5 after 7 days of red candlesticks but it bounced off after reaching 8.57. Right now it is trading at the middle of the Bollinger Band. Pakistan just shared that a peace deal between Iran and the US will be reached in less than 24h. If this is true, it may give the market a much needed boost on Mon.

It is good to hear that supply is still limited for chips which means the price can only go up. I’m still holding onto my related stocks.

$Suntec Reit(T82U.SG) has rebounded to 1.44 after hitting 1.41 (a support level) recently. The opportunity to make a small profit of 2-3 cents per share quickly is there as it has been trading within a range for a while but I don’t know how long this consolidation phase will last. This is for informational purpose and not a financial recommendation to buy and/or to sell. Please do your due diligence before doing any trading. When trading, always be aware the market can change suddenly without notice so size your position to limit your potential losses to an amount you are comfortable with and don’t go all in so as to have other options (eg average down) if things don’t go the way you expect.

I will be watching the IPO of SpaceX with interest at the sidelines as I am vested in a local stock that may possibly benefit from this.

$NVIDIA Corporation(NVD.DE)

Memory chip and semiconductor stocks may be experiencing a rout now but in the medium to long term, I believe there is still upside. We are only at the cusp of the AI revolution. There is still a long way to go. There is concern that high-value AI chips make up less than 0.2% of the volume but contribute to nearly half of the revenue but this is quite normal for new tech. Over time the cost and profit margin will come down as the user base proliferates. The global semiconductor industry is expected to reach USD1 trillion in revenue by 2027 according to Deloitte.

Although this has nullified some of my paper gains, I am not panic selling. On the contrary, I will be looking for bargains to add to my portfolio.

$Suntec Reit(T82U.SG)The range within which the stock currently trades is quite predictable (1.42-1.46) for now which makes quick ins and outs possible but always plan your exit strategy because one can never tell when the market will change..

The past 2 days saw significant sell off of semiconductor and memory chip stocks like Samsung, Hynix, Micron and Broadcom. The market seems to have done a sudden flip around from euphoric exuberance to risk off mode and investors start rushing to take profits. I was kind of expecting that this would happen with more people getting interested in trading in the Korean market and DRAM but the timing still took me by surprise. The axiom we can never time the market still rings true. It is good to take partial profits since we can’t be sure how far the bull can run.

$IFAST(AIY.SG)The stock is retracing after meeting resistance of 9.25. 8.45-8.5 was a strong support level previously. The escalation of the Middle East conflict coupled with the tariff announcement by the US caused the general stock market to retreat today. There may be some good bargains to be had in the upcoming days for those keeping a watchful eye on the market. Remember to plan your stop losses before entering any trade.

I think a single day’s movement is not a good predictor of future performance. Although it suggests the good earnings have been priced in this time, I think there is still a chance for further upside before demand exhaustion. I’m more worried about the effect of an interest rate hike on tech stocks.

SpaceX is so hyped up that I wouldn’t want to be caught buying it at an overvalued price. I would wait for the price to stabilise post IPO before considering whether to open a position.

I see Berkshire investing in Alphabet on top of its existing holdings as a major vote of confidence. The drop in price is temporary.

$Suntec Reit(T82U.SG)I am pleased to see a notification from Long Bridge that my dividends from Suntec Reit had been credited to my Long Bridge account yesterday. The official payout date was last Friday and my holdings in CDP received the dividends that day but custodian accounts usually distribute the dividends a bit later.

This further dilutes my cost basis by $0.01936 as I wait patiently for the price to break through the previous high. What I like about this reit is the dividend payment is four times a year so it is one of the major thrusters in my dividend engine. From a risk management perspective, it is psychologically less stressful to hold a stock that pays regular dividends when the stock price dips and I won’t be tempted to sell when the price is bad.

$IFAST(AIY.SG)A double bottom may be in the process of forming on both the daily and weekly charts. The price needs to go above the neckline (the peak in the middle of the W) for it to be a double bottom. A double bottom is a bullish reversal chart pattern and may signal the end of a downtrend and the start of an uptrend.