Sunday, 14 May 2017

OCBC repurchases share from market

"Oversea-Chinese Banking Corporation Limited (SGX:039) commences share repurchases on May 9, 2017, under the program mandated by the shareholders in the Annual General Meeting held on April 28, 2017. As per the mandate, the company will repurchase up to 209,124,917 shares, representing 5% of the issued ordinary share capital. " 

That may be one of the reasons why its share price was heading up in the past weeks. Its price was downhill when I bought, finally it is making a turn. In one of my previous posts I was lamenting that I should not have reinvested my dividends as shares. Lol.

DBS has shown a fantastically whooping >20% increase in share price from last year.


 Is it time to eat the cake? Hmm...

All I know is that we can never get our timing 100% right, if we are 70-80% right that is already very good hit. Even when I time my entry to DBS I also didn't manage to 'buy at the lowest'.

Buy LOW, sell HIGH. The logic is very simple. Yet somehow we seem to have guts and gut feels that defy the brain's logic.

Some MA and MACD for you?

 --
DBS disallows the transfer of money to Vickers on Sunday. Yikes, irritating.
Nevermind, let's move on to get some inspirations on a Sunday. TGIS :)


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