Bought more FDC yesterday @ ₱7.79. Funny that due to the capital gains taxes of the country where I reside, I’m really held back from selling any shares. I’m quite tempted to sell some as I think I can time some shares. Yes, I can fall into that trap of ‘timing’ that most ‘investors’ think they can do, but most cannot… though then again my track record has shown I’ve been successful with it a majority of the time. Which reminds me of, ‘Where Are the Customers’ Yachts?‘ and Buffett telling that story about trading and waiting for the right pitch… and if you keep on trading you’ll be making the broker richer and you poorer.
I want to sell as the cash holdings I now have are pretty low, and I want to be ready to buy when prices go back down. Admittedly though, I made a wrong call by selling some shares on both SMPH and SCC. I still hold some shares in both though.