Tuesday, June 2, 2009

Swissco stop loss raised!

Swissco has not been performing since the day I bought into the stock. One week on, and it has just kept nudging below my purchase price. Worse thing is, the stock diplayed a bearish engulfing, and closed below support at 0.635, albeit on moderate volume. I have every reason to be scared. Do I want to take a chance on Swissco? Not a chance. This counter has not allowed me to breathe easy ever since I entered one week ago. Stop loss raised to 0.62 in anticipation of possible early exit. Reason: Super under-performers cannot be allowed in my portfolio.

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