S-REITSs took a beating on 20 Sep
Friday 20 Sep saw a sharp reversal for various S-REITSs which turned my $FRASERS CENTREPOINT TRUST (J69U.SG)$ and $Mapletree Ind Tr (ME8U.SG)$ red. I will be sharing the case for my Frasers Centrepoint Trust below.
I had originally entered at what I thought was a good entry point based on the pullback on 4 Sep.
The reversal on Friday was however so drastic that it rolled back the clock to the prices (2.70) during its momentum run up after the 5 Aug Japanese market crash.
I believe many jumped to take profit after seeing the sudden drop, not wanting to miss the opportunity especially for those who held on during the post pandemic period (See the pale yellow box below) who feared another long wait.
Seeing red didn't bother me as I'm in for a longer haul. I firmly believe the stock would resume it's ascend and bring value to their holders. Cheers to fellow FCT mates.
BTW, I did see 2.18 appeared briefly in the order book on Friday. If the slid continues on Monday 23 Sep, it may be good for those who wants to add to their positions.
Finally my current positions are:
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I Am 102927471 :
dydxequalszero : Thanks for sharing. Since you’re in it for the long haul, I’m quite sure everything will turn out well eventually!