Wednesday, April 21, 2010

Yangzijiang

Managed to double up on this Yangzijiang shares on Monday when it re-start trading after a 2-days halt, as it went down below the halt price of $1.43 to open at $1.37.
But after seeing it went down to $1.36 and start to hook-up, I bought at $1.38 and it closed at $1.49 then Tuesday...it closed higher again to $1.55

This morning with the Dow closing higher again...this share started at $1.56 and traded up to $1.57 before turning south to $1.52. So I decided to lock in some profit when it touched $1.53 and again it went south to $1.49 before turning up again. This time...I let "go" the other half at $1.53 again and called it a day for this stock. And it went to close at $1.50

Overall...managed to book nearly 7K of profit, not bad for a couple of days trade.

The market is not looking good....I have started to clear some of my other holdings to hold the cash. Cash is king when the market soured.
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3 comments:

wINtoTo N aLSo 4D...yEAh! said...

I can always buy back when the stock does a pullback as it is no point hanging on to it in a down market.

Should have done the same for SMIC.

7:31 AM
wINtoTo N aLSo 4D...yEAh! said...

4D...managed to make $1.5K on Sunday for 7513 - starter prize!

7:32 AM
wINtoTo N aLSo 4D...yEAh! said...

Wah lau....it's continue with the drop in price on Thu and Fri. I bought in again...at $1.42 but it was "halted" from trading after the lunch break.

12:44 PM

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tO hAVe FuN wiTH mY liFe aND aLsO wAnT mY loVED oNeS tO hAVE tHE SaME tOO. :) bUt iN rEAL LiFe tHaT sHouLd bE sOOn.