I am lightening up on my shares - albeit a little too late.
Reasons why:
Overall view on stockmarket: Bearish.
SembMar: Didn't move much since I bought, has hit overbought and came down. Decided to liquidate so as to free up funds for opportunities later.
Zhaojin: Bought this as exposure to gold price movement. But gold has since soared, yet this counter has not. Decided to liquidate. Could have been overvalued, which explain why share price didn't move up much compared to the metal and other gold stocks. Should have done my due dilligence in looking for more undervalued gold stocks.
July has not been a good month for me, but I will be fighting back.
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