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Tuesday, 14 October 2008

SIA shares

Still holding on to the 10,000 SIA shares that I've bought a few days back. Average I've paid was S$12.50 a piece and today it went up to as high as $13.60 before closing at $13.24,up 58 cents today.
If I've sold all at S13.50 today (almost did)I would have made a profit of $4,000 but I didn't. My target price to sell would be around $14 to $14.50. Call me greedy if you want to but this is a rare opportunity to make from this counter.

4 comments:

Anonymous said...

As soon as made this statement, SIA load factor dropped by 1.6 percentage point.

It's a well run airline, but when push comes to shove, there will be another round redundancy exercise as you had experienced.

Remember that SIA had experienced low of $5. The price is dictated by fund managers, not entirely by CCS. After all, it's a business that requires heavy capital investment.

Anonymous said...

HA HA HA, SIA SHARES WILL DROP TO $7 DOLLARS AGAIN THIS YEAR.

BETTER SELL OFF NOW OR REGRET LATER!!!!

Anonymous said...

dont worry, we fund managers have to sell off very soon as we expect the Profit and Loss to be pretty bad for this period of the crisis.

I was ex-crew, now fund manager.

So the best advise for small players out there, better sell before we do.

good luck.

Anonymous said...

Hi BT,
SIA shares closed at $10.30 today. As such you have a paper loss of $22,000 based on your average purchase price of $12.50 for the 10,000 shares purchased.

I wonder what you intend to do next. Buy more shares to average down your original purchase price?
Or do you intend to hold on to the shares to meet your target price before selling? However, this might take a long long time.

Whatever approach you adopt, I wish you luck.