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Monday, July 20, 2009

Profit Taking on Koh Brothers

I just sold off all my 32 lots of Koh Brothers shares today for profit taking after it surged almost 20 per cent in just 2 trading days.

My judgement tells me to take hold of profit and not hold onto it waiting for it to climb higher, in anticipation of a possible better than expected financial result for previous quarter.

The global stock bourses had seen market rally since last Monday and I am not sure how long this will last before there is another correction. The climb in less than 7 trading days is just like a fantasy.

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Do provide your constructive comment. I appreciate that.

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