Friday, December 2, 2011

Sold PandO today, 2nd December 2011

It's almost end of the year.  There is a sudden rally for the past few days.  I'm taking this opportunity to release some of my less performing stocks.  PandO being one of them, sold @ 0.79.  My entry price was at 0.775 and in between, there's a dividend of 5c less 25% income tax.  In a way,  I'm just earning the dividend.  The euro crisis is still not solved.  The recent combined action by Central Banks gives the market some hope, but in my opinion, it's just a delayed of the inevitable.  Hence, I'm trying to raise as much cash as possible and wait for the bear to come.

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