2 strikes this week. Sold out Favco with a loss. I have drawn the wrong channel trendline. It is still in downtrend. No sign of turning. A mistake in jumping in too early.
Another one is SimeEng. No momentum to move up yet. Looks like it is dropping slowly. This loss is smaller as compared to Favco. I just don't want to tie up my capital when there are other oppurtunities available. At least I have released my mind from these losing counters. No point hoping for a miracle.
1 comment:
I believe fair value for Favco is 72 sen by 4Q2006 but the stock should be trading between 60 sen to 65 sen in short term
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