Sunday, April 25, 2010

Tiong Woon

Bought at 56c (21-Apr-10), healthy retracement on low vol:

Sold several days later, as it gapped below moving average during the ,market's broad based fall.

May have been a mistake to sell, as vol was low when it fell.

I think the mistake here was the original buy decision - buying in an overbought market, and also buying a stock with cut-loss too far away.