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14-09-2013, 10:22 AM
Hi all,
I am trying to understand my "mistake" with this trade but cannot figure out the rationale. Hopefully fellow buddies can help to point out what went wrong.
I bought at 18 cents in July, sold before they go 13 cents XD in early Sep for 32 cents.
My thoughts for selling are:
1. NAV around 25 cents, after 13 cents dividend, not much meat left. I don't want to end up with an almost empty shell like what I had with Lion Asiapac after their special dividend.
2. Up 80% from my purchase price, and within 2 - 3 months. Obviously, I got lucky. So I can't resist the temptation to take profit.
However, now that after XD, the price today is 32.5 cents! So it seems that I "lost" 13 cents as I sold before dividend go XD.
What did I do wrong huh?
What would you have done in my shoes?
Purpose is not cry over spilled milk but to learn from the experience. Appreciate if fellow buddies can enlighten! Thanks
I am trying to understand my "mistake" with this trade but cannot figure out the rationale. Hopefully fellow buddies can help to point out what went wrong.
I bought at 18 cents in July, sold before they go 13 cents XD in early Sep for 32 cents.
My thoughts for selling are:
1. NAV around 25 cents, after 13 cents dividend, not much meat left. I don't want to end up with an almost empty shell like what I had with Lion Asiapac after their special dividend.
2. Up 80% from my purchase price, and within 2 - 3 months. Obviously, I got lucky. So I can't resist the temptation to take profit.
However, now that after XD, the price today is 32.5 cents! So it seems that I "lost" 13 cents as I sold before dividend go XD.
What did I do wrong huh?
What would you have done in my shoes?
Purpose is not cry over spilled milk but to learn from the experience. Appreciate if fellow buddies can enlighten! Thanks