|
| Tuesday, May 15, 2007 |
| Chop 'n' Save |
Ho Bee finally faced the chopping board. It might been a bit unfortunate that another the correction came just as it is starting to show signs of picking up.
Ho Bee hit the CPL of $2.29. The CPL was $2.31, but i compromised, which isn't the right thing. It left a tinge of sour note as my Ho Bee was averaged up to $2.17. What are the lessons to take from this? MAYBE I shouldn't have rushed when I averaged up. It was kinda flat at that moment and I tried to predict the up trend. Maybe that shouldn't be the way as it contradicts my style. Of cos, hindsight trading is easy, but I shall reflect on it again.
The CPL line is absurd when the mark is just based slightly above the buy price. It just doesn't make sense. Of cos, for stocks like CAO, Ho Bee, Golden Agri, Olam, I could afford this as margin of safety is high. But for others, well, seems like therer need to be some criteria before I start using the CPL.
Next on the chopping board is Rotary. I wont make any decisions tomorrow. but i will keep an eye on things.Labels: HoBee |
posted by Nenix @ 8:51 PM   |
|
|
|
|
| NenixDreams Fund |
| Fund launchprice on 1st August 2006= $1
Target for 2007 = Beat STI index
Current price of NDF as of 1st Oct 2007 = $1.58
Current price of STI as of 1st Oct 2007 = $1.54
Difference with STI index is 0.04
|
| Links |
|
|
| Tools that Generate Passive Income |
|
| Previous Post |
|
| Archives |
|
|
