Wednesday, February 10, 2010

Trading Plan - Feb #2: UOB

It was not everyday that you bought a stock and it immediately became the day's top gainer. Well, yesterday was my lucky day as I bought UOB in the morning, and it rose to become the day's top gainer.

Reason: Decided to buy as I felt market was bottoming. I will not be "trading" this counter, therefore the normal rules of trading don't apply. This is an "investment" trade.

EP: 18.22
TP1: 19.76
TP2: 22.76

Update: I have got out of Star Hub for a loss of $165 after it reported a set of disappointing results, and prospects not likely to improve.

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