Silly if you do not unclench your fist in the jar just because you want to sell at the top.
hahaha. I am glad you are following my thread on silly minister!
so are you suggesting that I shd sell WT at $2.10?
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Chitchat Wing Tai Holdings
- Thread starter ckmpd
- Start date
hahaha. I am glad you are following my thread on silly minister!
so are you suggesting that I shd sell WT at $2.10?
Silly if you do not unclench your fist in the jar just because you want to sell at the top.
CKMPD might well be correct about the medium term direction of Wing Tai. The banks and Reits have run up , the O&G sector is still in the doldrums but yet to run up are the property counters and it appears that property interest has bottomed out and is picking up. Within the property sector, CityDev has run up more than WT percentage wise , so all in all I think WT can rise some more.
I bought at 2.02 recently but not very much though. I have put some money into netlink, having got some from the IPO and also bought from the open market when trading commenced.
Silly if you do not unclench your fist in the jar just because you want to sell at the top.
I am different from silly minister. My investment strategy is to buy low, sell high. I follow my own advice...I dont clench my fist over the share and hold them to the highest price.
My strategy is simple for eg this WT case:
1. Buy at $1.70, sell at $1.87 when it reaches my profit target of 10%
2. Buy back when it reaches $1.75, sell when it reaches $1.92
3. Buy when it goes down to $1.80, sell when it reaches $2
in that way, i dont clench my fist and get trapped like the silly ministers
simple strategy...dont be greedy
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This morning, WT rose 4cts to $2.14, up 2%
I in cash for a while, not good for me to make specific recommendation when not informed. Just general caution madam.
An advice to exercise caution is good advice. Thanks
Wing Tai is up 2c (1%) today. Buying support is good today. Will we see it rise over the next few days?
WT is up 5c (2.4%) this morning. More upside today?
WT is up 6c (3%) today. It is bullish with much support. I expect it to rise further in the late afternoon.
This is a far cry from the $1.70 you were hoping to buy. Hope you managed to buy some at $1.80
Wing Tai, in its Financial Results announcement today, declared a dividend of 6cents per share which works out to a yield of 2.8%, NTA increased 3c to $4.07. A good result and we shd see WT price go up soon
WT reached a 52week high of $2.17 within 10mins of today's opening. More upside the next few days
WT share price rose 4.4% in aug 2017. In contrast solid blue chip DBS lost 4.6% and SPH lost 5.2%. What a difference in price performance by WT and TH holdings counter.
Will this difference continue in Sep where we will see another 5 to 10% price increase by WT? Let's wait and see
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