I followed a rule my shifu always shared with me, "Sell on the way up". I did so and cleared 3 positions namely Gallant bought 0.920 sold 0.975, JiuTian bought 0.950 sold 0.995 & ChinaDairy bought 0.560 sold 0.565 thus pocketing a very decent profit. All 3 showed signs of weakness and after 2 days of spectacular rise, it makes sense to take profit first. This is consistent to what I have done back in October when STI reached new high. Remember, no one can sell at the exact top. I will never forget the pain I went through during my early days of trading where gains were wiped out as I stubbornly held on thinking every counter I bought will sheng sheng sheng non-stop....how naive i was.
Now, can you do poor old Decipher a favour? If you find my blog entertaining, useful and educational, may I ask you to forward my web address to your friends who might be interested. I aspire to be a leading local trading website providing value to visitors and I can't achieve this alone. Let us tua tua huat together! Huat arh!
Cosco Corp @ 1.31
Midas @ 1.02
Sembkim @ 0.650
TatHong @ 1.17
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As it's my last article for the week, I would like to invite you to spend a Saturday with me on the 2nd of December 2006. Details as follow, or you can click on this link www.chartnexus.com/events