Well, still staying side line though today UPP posted a short term contra play but would not want to go in for the risk on playing contra with the market high on toes...
Very well, the STI gap up as per what I mentioned yesterday on my site www.rtraders.net but it went down due to uncertainty on China's Policy.
Anyway, Straits Asia still going strong but with a very clever play on this, you will still make money out of it.. How ?
Straits Asia is giving dividend soon on USD0.0203 per share. It's has been hovering between 2.01 and 2.10 for today. If the big fish got it at 2.02 during the time the contra players was outlasted, they can reap profit at higher price range (which can be more than the dividend and get in again when the price has dropped to take advantage of the dividend..
This is what I meant but of course the fear and emotion still must have the ability to overcome. Why I still see the opportunity to play this but not willing to re-enter?
The fear of this stock going further down for accumulation. Today it gap up to 2.10, so no mini-Ewave rides possible on Straits Asia but if it is still maintaining at this price, is time for me to re-enter at least for the dividend play..
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