Sell @ $0.285, $0.28
Decided to free up some cash. Sold some in AM by jump-Q routine @ $0.285, not that many lots as it'll tip the balance to $0.28. Tried the same at 5pm closing but wasn't successful and done @ $0.28.
Recent news are their acquisition of the Borders name and the opening of a first store by year end at Jurong East. They'll also be closing down Prologue @ Ion this month. Personally, I'd been expecting that to happen as the rental is likely too high and the Prologue store is occupying too large an area ie. likely bleeding red ink…. As for Borders, I won't be placing too high hopes. It looks like a continuation of their foray into a different Bookstores (Popular is more targetted at schools ie. text books, assessment books, stationery,..) concept from Harris -> Prologue -> Borders…
My original plan was to hold till xd and wait to sell back to them (via Shares Buy-Back) at $0.28. But, need cash as some potential opportunities are knocking… 😀