Monday, January 17, 2011

I sold Alam @ 1.18 today, 17th January 2011

After many days of monitoring, I feel it's time I let go Alam and it got matched fully this morning @ 1.18.  My entry price is 1.15, basically in profit territory but I'll just considered it as break-even.

In case you are wondering why I sold my Alam, the main reason is its latest quarter earnings which is a huge disappointment.  Since there is no further announcement on any good news,  I have decided to drop Alam and re-invest into other better fundamental stocks.

Chinese New Year is approaching and historically speaking, there is some mild correction during this festival.  I've been taking profit on some stocks and looking to reinvest them when opportunity arises.

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