I sold all my Hongkong Land at an average price of USD5.1783, making an ROI of 32%. I bought it in early September last year at USD3.90.
I remember I had the following reasons when I bought it then:
The property in Hong Kong had suffered from triple whammies the year
before:
1. Rioting in Hong Kong almost throughout the most part of
the year;
2. The Coivid-19 pandemic;
3. Close to zero tourist arrival rates and thus higher
jobless rates.
And I knew that Mr Market is forward-looking. Shrewd investors would think
that all the woes will be over soon. Technically, the BIG CUP & HANDLE
formed should enable the price to propel past US$5.10.
It took about 6 months for this mission. My patience paid off handsomely.
Got to move on to other gems. Likely to be a HK stock.
Superphang
http://superphang.blogspot.sg
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