Saturday, February 3, 2007

My Strategy before CNY

Sell on strength from next Monday onwards.

Good gain for Maybulk today. Up 29cts from yesterday closing. I will start profit taking 1/3 of my porfolio n sell it along d rise from monday onwards ^V^ . First in d line is "maybulk". i will sell 1/3 at 3.50+- n another 1/3 at 3.70+- if possible, i am quite sure that mkt will go for mild correction within 3 to 5 days b4 d eve of cny. Thus, my strategy is to take profit n buy back 2 days b4 the long cny holiday. If u r "kiasu" , u can actually sell 20% of yr holding n keep d balance after cny rally.It is wise to take profit on mkt strength n buy back during mkt correction. Mr bull will definitely need to take a rest b4 it carries a long march journey to another higher mark.

Dont forget to do some charity n donation during cny esp those who made huge gain from recent klse bull ^V^

Hv a nice day ^V^

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