Tuesday, June 25, 2013

Selling off 2 of the conglomerates to accumulate cash

I took the opportunity today to continue taking profit off the table from my 2 holdings - SIA Engineering and ST Engineering on a rare upside day. Both stocks have given me much profits from the moment I bought them almost 2 years ago. I just have a feeling that both stocks will go much lower than their current market price which is not warranted given their flat earnings, high historical PE and weak market sentiments.
 
As a result of these sales, I am now sitting on a huge cashpile to take advantage of the current weak market sentiment. I can just hope I am right.
 
I'll pick ST Eng - target @ 3.60 and SIA Eng - target @ 4.40 again when prices have turned more attractive levels.

2 comments:

  1. B,

    Mommy says got money cannot reveal to others.

    Lucky you never reveal your address, wait robbers come you know?

    Shh...

    ReplyDelete
    Replies
    1. Hi SMOL

      Hahahaha. What I meant by huge cashpile is still not worthwhile to rob me cause the amount is still too little by comparison.

      Ooops I know how you look btw SMOL. You may want to beware of the person on your 7 o clock now ;) Could be me ^^

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