Tuesday, April 1, 2008

Bookkeeping: Locking in Profits on iShares Singapore (EWS)

Posted by TraderMark at 11:29 AM TweetThis
We've had a very nice rally in a very short period of time in iShares Singapore (EWS) which I just restarted 2 weeks ago [Mar 17: Restaring Stakes in Malaysia and Singapore]. I don't have a huge position but since I bought in the $11.70s and we have quickly spiked to the $13.20s, considering this is an entire country index, that is a heck of a move - so I am going to take this 13% gain and lock it in, and reduce the position to 0.1% and hope for a pullback. The chart below has an incorrect moving average, the 200 day moving average is $13.40 so we soon approach resistance.... this is purely a technical move and to lock in a very quick short term gain.

I continue to favor non US exposure and will for the foreseeable future - will look to add back to this stake on a pullback.

Long iShares Singapore in fund; no personal position


Posted by TraderMark at 11:29 AM

| Edit This Post | Create A New Post

Labels:

Subscribe to: Post Comments (Atom)

Disclaimer: The opinions listed on this blog are for educational purpose only. You should do your own research before making any decisions.
This blog, its affiliates, partners or authors are not responsible or liable for any misstatements and/or losses you might sustain from the content provided.


Site by codeeo
Original WP Premium theme by WP Remix