Shares & Derivatives
Selling shares of Capitaland and CapitaMalls Asia.
By A Singaporean Stockmarket Investor (ASSI)  •  June 25, 2011
I did a contra on the shares bought earlier in the week for Capitaland and CapitaMalls Asia yesterday. To me, the way in which the share prices were moving higher on lowering volume did not look sustainable.
Downtrends are rivers of hope, no doubt, but I would not get too hopeful especially if the technicals hint of a weak rebound. Lock in some gains and let others take on the higher risk of holding the shares in the downtrend. If prices should go higher, congratulate the buyers. They took on greater risk and if they were to make money in the process, they deserve it. Capitaland:
CapitaMalls Asia:
If prices were to move higher next week to test resistance provided by the longer term MAs, I would move to cut my long positions in these two counters, bearing in mind that their downtrends are very much intact. I cut losses if prices rebound to ......
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By A Singaporean Stockmarket Investor (ASSI)
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