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Monday, July 27, 2009

Bought Marco Polo Marine and SMRT shares

I bought Marco Polo Marine and SMRT shares today at a price of S$0.395 and S$1.75 respectively. Marco Polo Marine close price is S$0.385 from previous close of S$0.395 while SMRT close price is S$1.75 from previous close of S$1.82. In other words, I managed to buy SMRT at 3.9 per cent discount from last Friday's price. SMRT shares dropped by quite a bit because they exercise dividend today.

I shall keep SMRT shares for long term but will sell off Marco Polo Marine once there is more than 15 per cent profit.

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