$Soup Holdings(5KI.SI)$ James lost $5000 after selling 1/3 of his holdings. He is expected to lose $15000 if he sells off all his holdings 🤭 ie if he manages to off load everything.
And he pride himself as a "fund manager"!
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- Jamesbonding·04-10TOPI can use the $100,000 free up cash to invest in gold at $190/g and grab shares at $3.65 per share which is cheaper than before the war started. I will hold the remaining soup shares for dividends. I wanted to rebalance my portfolio about 3 weeks ago, now it is done at a small loss. Will trim further if soup price bounced back to 7.x cents.LikeReport
- Jamesbonding·04-10TOPI sold more than 1.5 million shares this month at average of 6.3 cents. I lost about $6000 to $7000 of my cost price. I managed to rebalance my portfolio and cut down my soup restaurant stake to about $200,000 which is 50% of my $400,000 portfolio. The other 25% is in gold and 25% is cash. I will support soup restaurant shares at 5 cents with my $100,000 cash and I can buy another 2 million shares at 5 cents. Or I can buy grab shares and gold bars if they crash because of the ongoing war in Middle East.LikeReport
- Jamesbonding·04-11TOPI will be back for Soup restaurant after I made more money on gold bars. My $200,000 investment is backed by another $200,000 in gold bars and grab shares.LikeReport
- Jamesbonding·04-10TOPActually I am still bullish about soup restaurant but gold and grab shares price crashed 20%, and soup restaurant price cannot move until the next profit announcement is made in August, so I decide to diversify into grab shares and gold barsLikeReport
- Jamesbonding·04-10TOPI will dump another 1.5 million shares at 7.5 cents and buy another 2 million shares at 5 cents. I expect soup shares to trade at around 6 cents to 6.5 cents for the next 4 months until half year profit announcement is made.LikeReport
- Jamesbonding·04-10TOPThanks to slowwin for creating new discussion threads on soup restaurant. Tiger restricted my account due to my bets on soup restaurant shares.LikeReport
- Jamesbonding·04-10TOPI am queuing to sell another 200,000 shares at 6.6 cents1Report
- Jamesbonding·04-10I think the war will not end after the 2 weeks ceasefire. Iran will be buying more missiles and building more missiles to strike Israel and US bases. The straits of Hormuz will be closed because Israel continues to strike LebanonLikeReport
