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Rationale for partial divestment
By A Singaporean Stockmarket Investor (ASSI)  •  January 18, 2010
[caption id="attachment_2890" align="alignright" width="150" caption="Photo by > NeoGaboX<"]Photo by > NeoGaboX<[/caption] Amongst the three counters I am actively monitoring, I remain heavily vested in only one counter: Saizen REIT. I have divested 90% of my position in Golden Agriculture and 80% of my position in Healthway Medical in the recent run up in prices. From 4 Jan, the first trading day of 2010, Golden Agriculture raced from 51c to a high of 65.5c for a gain of 14.5c or 28%. Healthway Medical blasted through the roof as it started the year at 14c and hit 19.5c for a gain of 5.5c or 39%! In both instances, partial divestments took place at every resistance level as the prices rose. Now, have I changed my mind about these two counters? No, of course not. The fundamentals and prospects are still good over the longer term. I just feel that the market became a little too enthusiastic and sent prices up too high and too quickly. I liken it to a sprinter who is able to run very quickly over short distances but the speed is unsustainable over longer distances. Read more...
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By A Singaporean Stockmarket Investor (ASSI)
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