Shares & Derivatives
LMIR: Partial divestment at 38c.
By A Singaporean Stockmarket Investor (ASSI)  •  January 25, 2012
Anyone who made use of LMIR's rights issue to accumulate more units would be in the money now. I see immediate resistance for LMIR's unit price at 38c and put in an overnight sell order for a partial divestment. It was filled today as unit price closed at 38.5c.
Fibo lines seem to suggest that in case of a retracement, we could see strong support at 34.5c. That is quite a bit to fall from here if it should be tested. The strategy I have for LMIR is the same as the one for Sabana REIT and AIMS AMP Capital Industrial REIT. Hold a larger portion for regular income while trading a smaller portion for potential capital gains......
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By A Singaporean Stockmarket Investor (ASSI)
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