Although STI has been moving side way for a long time but there are still many stcks that I have analysed had went higher and higher. I didnt take action and buy because I feel STI has no room to go up further and stock has reached all time high.
The few examples are Sheng Siong and SATS. I believe these 2 stocks have good fundamental and business is easy to understand. When I noticed Sheng Siong, it was $0.6 and it was it all time high. I was afraid to enter because its trading volume is not high and its initial plan to enter China stops. But what I am certain about this business is it is unlikely to go belly up. This business is cash rich and has the ability to carry on to expand. At that point, i felt there was limited room to go up, upside more than downside, I held on to my bullet. Looking back, I should start a 20% of my allocated fund in this stock. The remaining 80% shall wait for it to drop lower. As I believe it will not go belly up and give about 5% dividend while waiting, it is not a bad deal. At the point of writing, it is $1.0+. I have no guts to enter as it is too high and together with market volatility, I am not comfortable.
I think the problem with me is I have limited cash and I am afraid to loss my capital.
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