Entered this trade on Friday at $2.68. First target around 277-280 and second target around 285-288. Cut loss below the 260 thereabouts.
Fundamentally the stock should ride on the e-commerce success in Asia, especially China and the company has many analysts with buy calls on it and target price >$3. However, the valuation is too rich for my liking. For this space, I prefer CWT and is looking to enter CWT for my SRS account for a longer term play.
Happy trading.
Dear Mr IPO, not sure where to post my query, and thought that this seems to be the most relevant blog...
ReplyDeleteI was stuck in Valuemax since IPO days... these few days has been good, with prices hitting IPO price...
What are your thoughts on this, please? Tks
You brought up an interesting point. Questions to ask yourself.
Delete1. Did I buy valuemax to invest? If yes, has the intrinsic value or FA changed? That will help u decide what u should do.
2. Did I buy valuemax to trade? If yes, is the target price still feasible. Did valuemax hit my cut loss and I didn't cut ?
3. If you don't know why you buy it for, then it's time to get out and focus your attention on the FA or TA aspects. :)
Wow! Just saw ur post that u are also in glp!!
ReplyDeleteHas been in this since ipo days..
for info, dividends of 0.045 to be recorded next tues
haha thanks. just a trading position for me :)
DeleteYup, but if ur tp not reach, means u will be eligible for cd also ;)
ReplyDeleteHaha if XD means my target price wouldn't be reached liao ^_^
ReplyDeleteFor all u know got chance to get CD and reach ur TP :P
ReplyDeleteAnyway, take note of the dates below:
Particulars : SGD 0.045 ONE-TIER TAX
Ex-date : 22 Jul 2014
Buy-In Last Cum Date : 24 Jul 2014
Record Date : 24 Jul 2014
Date Paid/Payable : 08 Aug 2014
Haha that will be nice! :)
DeleteHi Mr Ipo, with ex date looming, wld u look to sell even though ur tp and cut price not reached, knowing that come ex date price wld likely drop?
ReplyDeleteNot vested, just interested to know...
Just ride it and see. Maybe can have the dividends and hit the target
ReplyDeleteIcic.. just wondering when u do ur technical analysis, do u take into consideration of cd and ex d? Must all these be factored in??
ReplyDeleteSorry for asking so many questions, just started reading up on ta and interested to find out more...
Congrats mr ipo, target hit..
ReplyDeletesold?
Yes. Sold today. I am travelling from this evening and didn't want to hold thru the XD
ReplyDeletehi mr ipo sold today at 2.77+dividends very happy thanks you very much.
ReplyDeleteYou are most welcome :)
ReplyDeletehi mr iipo any good stock to recommand? thanks
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