Wolf Money(Hotel Grand Central and Olam Group)sold



The below article is for educational purpose only. Kindly refrain from taking any action. It shouldn’t constitute as an investment advice. Please read the disclaimer.

I sold my remaining shares in Hotel Grand Central after the share hit my trail stop. The selling, I repeat, is not company-related. HGC continues to be undervalued. My action is more like an overall portfolio management. In fact, I have more confidence in my research than what is going on in the market. There is a clear and present danger of a serious pullback with the market at such crazy valuations. A bubble is forming in the US market. The market might still have another couple of months of upside due to America celebrating 250 years of independence. I have no idea. It might be better to take a defensive approach. The feel-good event might prompt people to invest in things they would never have considered previously. After the celebration, market participants are likely to focus back on the uncertainty created by the midterm elections. The position produced a gain of more than 10% with dividends included for a holding period of 1.5 months.

I took my profit in Olam. The stock has done well since my purchase. The position achieved a 15% returns for a holding period of half a month.

I will be going on a long holiday at the end of the month. It might be the best time to clean up my portfolio before heading for a holiday. Profit will be used for right sizing my investment in Grab Holdings and donation to charity organisations I support. God bless. 🙏

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