Friday, March 1, 2019

Wilmar - Selling After CD






Wilmar is selling down like hot cakes the past 2-3 days. The stock trended higher first to touch 3.40 before tumbling all the way down. The results was bad and ever since the results was released, the stock couldn't climb back to $3.38-$3.40 again. Yes it's giving CD but I am looking for capital gain that dividend gain. From the chart, the stock looked not bad and was ready to fly but suddenly the sellers came in to whack down the shares. Luckily I sold off and locked in profits last month as i know this counter's behavior quite well. Moving on to the next stock.

https://www.theedgesingapore.com/wilmar-posts-53-drop-4q-earnings-272-mil-lower-margin-one-impairment

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