Bought STXOSV (MS7) 3 lots this morning as l was attracted by its $0.10 cents dividend; so, average cost is $1.605. Then l tried working out the exit price at break even but with the dividend payable amount factored in, and it is at $1.715.
I was thinking that this is far too stretched so l have decided to exit at much lower price in the same morning today, at average selling price $1.625.
The overall market is currently kind of overheated. Where is it heading to in the coming days and weeks? Thinking of
Random Walk Theory now.
I am still trying to sell into strength on some stocks under my cash, srs and cpf portfolios so that l can reinvest the proceeds when the stocks prices are lowered. But these stocks under my portfolios are still
Not at their break even levels yet so, l am hoping that this current bull market to continue.
