CDL HT reported a worst than expected results and dragged down the some of the REITs such as the Far East Hospitality REIT and the Ascott REIT. Not sure if this will be the “burst” of the yield bubble?
If this has been my trading position, I would have cut loss at 1.55. On hindsight, i have been to eager to buy shares for my SRS portfolio and has not bought a a good support level :( As mentioned earlier, this is a volatile stock and it has proven to be soon in recent days.
Again, i have not been very “prudent” in that i have not waited till the price fall to a nice support level before buying :( A strong support will be between 245-255 area.