Some of the momentum seems to have lost steam. To me, absolute returns are more important than paper gains. Well, I might have lesser returns than others but at least I have reasonable returns
Sold Pac Andes at $0.975. Though it has healthy trends, however, since I bought it at the middle of the trend growth, risk of getting negative returns is higher if I followed my system. Furthermore, the momentum seems to have lost steam and people are starting to sell.
(Crap, immediately after I sold, it surged to $1. haha. what the hell right)
PacAndes returns of +19% in 31 days.
(STI gained 5% during this period, PacAndes gained 10% --> +5%)
Sold BH Gloabl at $0.41. Despite good dividends coming, people are selling, momentum is gone. Like PacAndes, the fact that I bought quite late in a trend creates a risk of negative returns.
BH Global returns of +2.5% in 28 days.
(STI gained 4% during this period, BH Global gained 4% --> +0%)
Sold Synear at $2.02. No dividends but the reason is the same as the other 2.
Synear returns of +14.12% in 28 days.
(STI gained 4% during this period, Synear gained 16% --> +12%)
Sold MediaRing at $0.405. Stopped loss even though its too late. Another case whereby I hope things will go out all right. Well, it shouldn't be used as an excuse. So I have to buck up.
MediaRing returns of -12.09% in 17 days. (shouldn't have followed my heart. Mechanically, I should have sold at 0.425. Though still a loss, but at least its cut shorter.. )
(STI gained +1.5% during this period, MediaRing gained -11% --> -12.5%)Labels: BH Global, MediaRing, PacAndes, Synear |
