Berlian Laju suspended!

I had previously posted about Berlian Laju here:
http://wealthbuch.blogspot.com/2010/10/berlian-laju.html

This was a purchase from a long time ago. I had the opportunity twice to cut loss with $800 loss, but I didn't. It ballooned to $10k.

Too bad my bet didn't work out... Probably have to write off 10k from my portfolio.

Lessons learned:
1) If you don't cut loss early enough when things looks wrong, the loss will cut you deeper.
2) A TA purchase should be given TA treatment. Do not switch to FA or hope treatment. Vice versa.

Returning almost all of 2011 dividends to the market through this single counter. Thanks Mr. Market for the lessons :)



On the bright side, my rubbish counters have reduced by 1.

Berlian Laju

I had wanted to write about Berlian Laju before the recent rise-up, but I just didn't have the time to do so.
These were the articles I had wanted to share when it was around 3.5cts.

http://www.theedgesingapore.com/blog-heads/kang-wan-chern/16933-kang-wan-chern-berlian-laju-tankers-badly-timed-expansion-moves-leave-investors-cold.html#

http://www.nextinsight.net/content/view/1963/60/

http://www.nextinsight.biz/content/view/1513/79/

http://www.nextinsight.biz/content/view/1521/79/

I shall just summarize my thoughts in points...