Ok. I feel guilty as I penned this.
Remember I blog about Parkson Asia. I bought at 86 cents. I believed it can be a grower. Some short term pains perhaps, but a longer term good company.
When the company fall 4 cents in a single day, from 86 cents to 82 cents, it scare the shit out of me. The dividend yield of 3 plus percent did not provide enough painkillers effect. I sold out.
It became clear, that physiologically the 4% lower limit dividend would require a price of 75 cents.
It hover above 80 cents for quite some time. I key in an alert for 78 cents. It was breached quite soon.
Volume was extremely low, so when I have to make a decision to queue at 74cents or just get it for 75, I choose the later.
Of course, the price went south further. This time ......