3rd May 2005
Today I face a dilemma: to take profit on Venture, which popped 60c up to S$14.50, showing a paper profit of over one grand, and recouping my big capital outlay after only two days, or to hold out for better gains.
Well, I've been guilty of selling too early and cutting short my profits substantially in the past, so I think I'll hold out this time. One prime example: buying Brierley stock in early 2002 at 25.5c only to sell for over a grand profit at 32c, barely 2 months later. Now, the stock is trading at well over S$1!. Another: buying C&C close to the bottom in late 2001(at S$2.69) only to sell it at around S$3.20, smug about the S$700 I pocketed.Current price? S$12.40.
Anyhow, even at this seemingly lofty price, the S$500 dividend represents a 3.4% yield, which I speculate would be attractive to potential buyers.
As i n all matters related to the stockmarket, only time will tell if I made the right decision today.
Well, I've been guilty of selling too early and cutting short my profits substantially in the past, so I think I'll hold out this time. One prime example: buying Brierley stock in early 2002 at 25.5c only to sell for over a grand profit at 32c, barely 2 months later. Now, the stock is trading at well over S$1!. Another: buying C&C close to the bottom in late 2001(at S$2.69) only to sell it at around S$3.20, smug about the S$700 I pocketed.Current price? S$12.40.
Anyhow, even at this seemingly lofty price, the S$500 dividend represents a 3.4% yield, which I speculate would be attractive to potential buyers.
As i n all matters related to the stockmarket, only time will tell if I made the right decision today.
posted by DP at
1:29 AM
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