I think the sharp drop in REIT stock prices caused a reality check and some panic selling in the Singapore market. Is this the burst of the yield bubble which i first talked about in October last year? Even Mapletree Greater China Trust was not spared and dropped a significant 7.5% this week.
The series of upgrades by analysts last week caused me to make a mental note to take profit on this counter if the 1.11 support was breached.
Unfortunately, i am out of office this week and by the time i had a chance to look at my portfolio yesterday, it was already trading at the support level of 1.04. The triggers on my SI Station (including my other counters) has been sounding non-stop the moment i started up the application. ^_^
Anyway, i have set another trigger at 1.02, i …