Wednesday, April 6, 2011

Take profit

Sell OCBC at $9.61 on 6th Apr; Buy at $9.07 on 21st Mar
Sell SGX at $8.45 on 6th Apr; Buy at $7.65 on 22nd Mar
Sell Ezra at $1.81 on 6th Apr; Buy at $1.63 on 14th Mar

Trade decision conditions:
  1. STI is not far away from the resistance point. Although there is still some space, i prefer to harvest my profit first
  2. A pullback is very highly possible unless the global situation improve
OCBC profit: 5.5%
SGX profit: 10% (thanks to the failed merger)
Ezra profit: 10%

Overall profit: 25.5%

A brilliant 3 week trading, having seen STI created such a big opportunity for me to gain. I will be waiting for the pullback.

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