Monday, August 22, 2011

CityDev

Buy CityDev at $9.8 on 22nd Aug

Trade Decision Conditions:
  1. STI may reach it's bottom at 2680 - 19% correction. If it hits more than 20%, a bear territory. The risk to enter here is reasonable
  2. CityDev hold $9.70 well enough. The risk to take up the position is smaller now.
Stop: $9.65

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