Google

Friday, November 2, 2007

Today Trading

Sold Masteel 4000 shares @ 1.53 and sold pjdev 6500 shares @ 0.85, has occured some loss on pjdev.

This is to keep the promise of selling before November ( although i sell on 2 Nov ).

The market has been very volatile and i can see market is not strong as previous.

With 100% cash, i am extremely comfortable with the situation right now.

Why i want to sell so urgently?

Because Hang Seng open at 10am, you never know what are their respose with their market on the Dow Jones Plunges nearly 3%, Their market valued at PE 24, which is quite high, as long as foreign investor decide to pull out, you see huge correction/crash on their market.

I do not want to take the bet, The Hang Seng Curse with dividend less than 2% and the PE more than 22? Let's see.

No comments: