Shares & Derivatives
Sabana REIT: Target BUY prices.
By A Singaporean Stockmarket Investor (ASSI)  •  January 31, 2012
A reader mentioned that Sabana REIT's unit price has weakened to 88c after going XD. A further weakening in price could be an opportunity to accumulate. I have the same thought. After all, I divested a small portion of my investment in the REIT at 90c and 91c as its unit price rose in the last couple of weeks. Question: What would be my target buy prices? Prices? Yes, I see stronger supports at 87c, 86c, 85c and 84.5c. So, I could possibly accumulate at these prices if they should be tested for support.
In a recent blog post, I said that Sabana REIT could possibly see a higher DPU in the next quarter. So, accumulating on weakness could be a very rewarding exercise. See blog post: here. I would also pay attention to the momentum oscillators to see if the REIT is oversold at any point in time. ......
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By A Singaporean Stockmarket Investor (ASSI)
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