SIA Engg @ $3.93

Buy @ $3.93.

Back as shareholder. Dropped quite a bit since I sold off @ $4.09. Yield = 5.089% hit my target 5%. I was in Q to buy @ $3.99 (5% Yield) yesterday but withdrew as someone seems to be trying to support at that price (easy to do for low volume stocks). Actually, someone seems to be still trying to support the price at $3.93! But, I'm ok to start buying at this price and average down if it drops. FY12 (Mar) results should be out by May and DPS should be ~10ct (No Special) and I think this'll provide some price support.

Aim for short term trade but can hold as >5% Yield. There's the risk that it'll drop some more as it'd gone up in price a lot during the past months. Seller CP = MSCO (what??). 😀

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