Bought in:
China taisan @13cents
ISDN @14.5cents
Market Outlook:
Very bad drop just after I bought in quite a number of stocks that day. Now all stocks are in red. Trying to average down the stocks. I would think April would be the month where stocks will start to rebound a bit (seems like I have been saying rebound and rebound.. STI has rebounded quite a bit... but my stocks still not showing much progress.. =.=)
China Gaoxian has a very bad drop (-24% ) today. Along with it, quite a number of textile companies stocks price also took a plunge. China taisan drop to 13cents before recovering to 13.5cents. Liheng also drop to 14.5cents from 16cents high. thats about 10%+ drop.
I guess the drop should 'credit' to the growing bad reputation of S-chips and also the rising labour cost in china. However, I am still hopeful for China Taisan. Its going to declare a 0.44cents dividend. its about 3.5% yield base on 13cents stock price.
March is coming to an end soon.. about one more week to go. If going to average down further, it would be on contra already. lol. All IN!! WISH ME LUCK!~
HUAT AH~!
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