Monday, January 25, 2010

Sold Everything

Yesterday, 25th Jan 2010. Sold:
  • 3 lots SIA Eng @ $3.53
  • 14 lots Amara @ 53c
  • 1 lot SIA @ $14.00
  • 10 lots Mermaid @ 80.5c
  • 23 lots Hong Fok @ 71.5c
  • Hiap Seng Engineering 15 lots @ 64.5c
  • GuocoLeisure 14 lots @ 71c
  • Yangzijiang 7 lots @ $1.13
  • Straits Asia 3 lots @ 2.32
  • NOL 6 lots @ $1.77
  • Rotary 10 lots @ 1.04
  • KepLand 3 lots @ 3.43
Sold because the market looks to be correcting. Yesterday I put it at an 80% chance. Last nights limp rebound, after 3 consecutive down days on the US mkt, seems to confirm this (vol down 28% on NYSE, 24% on Nasdaq):

Short term, I missed the rebound.... too bad.

From Nov 09 to Now, lost 3K. Main mistake was getting to carried away with the bull market and chasing stocks without a tight stop loss.

No comments: