My maximum cut loss will lose me just under SGD 5.5K, which is nothing to lose sleep over. Excluding pfood (as an investment), I have lost abt 2.6K to date.
In the short term, the SGX is out-of-synch with the US market. Think the SGX is due for a short term 'bounce' soon, and will wait for that to either confirm there is a rally or cut loss on the weaker counters:
- Venture is too near support to cut now. Wait and see. The recent fall could possibly be seen as part of a normal reaction as volume was not too high.
- SP-Chem and Boustead have done nothing on weak volume...either way, wait for breakout or breakdown.
- Oceanus is still in an uptrend, despite Friday's fall (low vol). Trailing stop loss at 39.5c
- HI-P still in weak uptrend, and the recent fall can be seen as a normal reaction.
I should probably learn more abt overbought/undersold indicators to time my purchases better in the short term.