Latest fund price: $1.9801 (+0.1003, 5.34%)
Total Market Value: $1,786,428.43
Total units: 902,177.0315 units
Dear Investors,
Sorry for the late fund report this month, I am travelling on a long hours train to Sweden from Copenhagen (Denmark), which finally gives me time to write, it will be the last part of my 3 weeks honeymoon before I go back to Hong Kong. The trip has been absolutely fantastic, apart from the transportation are quite expensive in Europe, we are enjoying it very much.
My fund is doing not bad too while I am away, It goes further 5% up, we are getting very close to 100% return, bear in mind I started my fund on 4/6/2009, this month is the 6th anniversary, I would say performance wise it is doing OK, but I am not going to rush it.
For the surprising good return single stock, remember it topped at $2.96 (+220%) last month, then I said if you think this is crazy, you have seen nothing yet? Guess what happened this month? it kept going from $2.5 to highest $8! This is like 750% return in 2 months! I originally owned 120k shares purchased at an average price of $0.935, last month I have sold
1. 40k shares @ $1.45
2. 40k shares @$2.5
This month I have sold further
3. 20k more shares @$4.4
4. 8k shares @$5.7
5. 4k shares @$7.2
I have already realized $210k profit on this stock while still holding 8k shares worth around $60k, this is absolutely fantastic! My cash reserve is at all time high and by the end of this year, I am expecting to collect another $240k of loan, which will make my fund flood with cash, I will need to start looking for other investment opportunity, and the investment amount will getting bigger and bigger for sure, this “baby” have started becoming a “boy” :)
Lastly attracted few pictures I took during the honeymoon, the views are stunning, getting further from home help me detach from the market, which is actually a good thing.
Regards,
Calvin
