Tuesday, March 1, 2011

Profit taking day

Sell Singtel at $2.99 on 1st Mar 2011; buy on 25th Feb 2011
Sell Golden Agr at at $0.68 on 1st Mar 2011; buy on 28th Feb 2011
Sell CityDev at $11.20 on 1st Mar 2011; buy on 24th Feb 2011

Trade decision conditions:
  1. STI rebound up to 3040; expects it to face resistance over this range 3040 - 3050
  2. Expects STI to go under 2980 again. As such, i can pick up these stocks again
  3. Short-term trading as i am trading against the short-term downtrend
Profit: Singtel +4%
Profit: Golden Agr +6%
Profit: CityDev +3%

Overall Profit: 13% (Achieve in 2 weeks)

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