Resilience

The market is down across the board today where the index lost 0.67%. The second down day where the index has gone down the 4200 resistance once again. The most interesting part for me perhaps is that while the market has been correcting this past few days, my portfolio have shown a bit of resilience everyday against the common sentiment. If I was a  bit more aggressive in taking positions in my issues, the gap could have been wider.

Among my latest positions, SMDC was probably the most aggressive of them. Bought initially at 7.92, sold at 8.78, bought again at 8 and sold at 9.2 - in just a matter of week. It could continue its ascent but I'm not going to push my luck any further unless a very compelling correction present itself (see Fibonacci retracement ) before the 15% stock dividend ex-date which basically drove the stock higher.

SMDC

A few of my holdings include SCC, FPH, and FLI. SCC has, by far, the most gorgeous chart. It's one of those rare issues that steadily ascend with very little noise and speculations going on. I remembered it was one of the issues I have been watching on before I entered the market at least a year ago. But I felt it was already very expensive back then at 80. Obviously I was way, way wrong. It is currently flirting at 230 level and CitisecOnline upgraded the stock's fair value at 295. How coal (sic) is that!! I posted a few bids at or below 230, but the bid board has accumulated a considerable amount of support. In short, mine wasn't hit. It's down by just 1 to 232 from yesterday's 233.

SCC

FPH has good fundamentals coupled with the similarly interesting chart and price action in the previous sessions. I have bought a few just before the cash dividend and again failed to add positions when it dipped to at most 51. I think it's holding a good short-term support at 60.9 (or at least 60).

FPH

FLI has always been a personal favorite since I started trading. My first contact with it resulted to a 16% single gain from trough to crest of a wave 3 (see Elliott wave). I've mentioned before that it was probably the best-timed entry and exit trade I've ever made (ascending 1 more point before falling back down). Experts said not to fall in love with any stock. After all, in this kind of business, emotion is your cruelest enemy. FLI sure has brought my first gains but it also burnt me quite a few times. And now I'm back (with arms wide open). Initially bought at 1.08, I prematurely sold at 1.15. It shoot to its peak at 1.27 before falling back down. I entered again at 1.19 and 1.18 and praying to the gods of finance to spare me the heartaches of being burned once again. With today's bids, I guess it has found its support at these levels (crossing fingers). After all, it's the single issue in my portfolio currently that offsets all the negativity in the market.

FLI

Apart from these stable holdings, I made a mistake of being caught up in the SMC mania today. I bought a few at 152 but eventually sold at 150.4. Again, emotions at work. I suddenly remembered I'm not really a fan of speculation.

SMC

In summary, my portfolio is still up by 0.2% today despite the bloodbath and that's including around 50% cash reserve intended for extreme cases of cheap sellout (a.k.a. panic selling) one of these days.