Bought 83,200 shares of FIRST REIT on 13 Jan at $0.24 Sold 83,200 shares of FIRST REIT on 15 Jan at $0.255 Average price per share dropped from $1 -> $0.64 -> $0.58 (Remain same capital cost $48,000 amount).
Why I sell it today? The uncertainly outcome of the EGM on 19 Jan. If EGM got the Green light, high chance I will be able to buy at near 20 cents from open market. If EGM got rejected, high chance the share price will drop further. Given the risk reward ratio, safer to stay on the sideline and wait for the EGM result.
For existing shareholders who intending to keep