Saturday, June 14, 2014

STATS ChipPAC: Taking Profit After a Long Wait


Profited from this stock STATS ChipPAC with a small profit. It was actually a stock meant for punting. I bought this stock at $0.465 in January 2014 seeing a breakout after it bounces twice from the low. It did move up but not much and came down again making a paper loss. As it was just a small punt, I left it there to run as there might be a second run. Indeed, after 6 months, something was brewing for this stock and later it shot up high. I unloaded at 0.635 after sensing the Big Boys have finished unloading their stocks. Shy of the high but it was a reasonable TP price for me to sell. Sold immediately and the next day came the trading halt and fall of price! A small profit of 36.6% for kopi.

No comments:

Post a Comment