Finally, i have sold all my Glomac-wa. I bought them on 8 September 2009 at RM0.30 and i sold them all on 2 October 2009 at RM0.395. This trade provided me with 32% profit with a holding period of 3 weeks. Glomac-wa outperformed KLCI during the same period.
The reason that i sold them all was Glomac-wa had gone up significantly while other counters on my watchlist had declined significantly. I think it would be better for me to sell those counters that have gone up a lot and buy those that have gone down. Beside that, Glomac's trading volume is starting to decline.
Our stock market sentiment is getting weaker. I think it is into a short-term correction.
Good luck.
GOon
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