Friday, April 24, 2009

Sold SGX at a loss

Brought SGX @ 6.08 1 lot (20/4)
Brought SGX @ 6.02 1 lot (22/4)
SGX have been dropping from 6.18 to 6.08... i tot it was a good buy and i went in....i was to hasty did not check the charts and wat is happen around it went below 6 on the same day...

2 day later it was trading around the range 6.00 - 6.05 went in at 6.02...and it went down again...

Sold SGX @ 6.02 2 lots (24/4)
Sold at a loss of $120...reason being it a friday, most ppl are afraid to hold their stock over the week end plus today Banks Stress coming out.... i believe the stress test report will show some good result. As bank around the world have step up to try and recover the economy the result should not be too bad.... But i am not willing to risk it....


Aftermath- SGX shoot up to 6.09 should have hold.... i might even make a profit if i hold... damn bad day for me...

No comments:

Post a Comment