Thursday 2 August 2012

CMMT follow up - 9% in 3 weeks+

On 9/July I mentioned on CMMT being a good investment stock and also a good trading stock due to her volatility compared to Sunreits. I got in at 1.60 after my posting, so after taking into consideration of dividend 4.2 sen paid, my entry price is adjusted to 1.56. I took profit for half of my position at 1.70, with a 9% gain in less than 1 month which I think is a good short to medium term trade. I decided to keep my other half position, still aiming for next resistance a t 1.89 to offload her. I decided not to keep her if she able to climb till 1.85 in less than one week time.


No comments:

Post a Comment

Followers