Tuesday, January 10, 2012

Divested Starhill Global @ $0.575

I sold off a small portion today. I dropped a sell order at $0.57 but it fulfilled at $0.575 instead. Compared to the last sell entry at $0.565, I was lucky this time round thanks to the recent rally after a lower US unemployment rate was reported.

The divested sum will be channeled towards AIMSAMPI which pays a higher DPU of 10.3% (as of today). Another factor to consider is the price trend of AIMSAMPI, when I analysed the graph chart yesterday, I realised that the rally enjoyed by it wasn't going to last. Volume is falling on the backdrop of a rallying price. This is a strong indication that the rallying price is very soon reversing into a bearish trend.

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