Sell @ $2.17
Take profit as +8ct today with Vol = 165,000 and Range = $2.09 to $2.19. The volume and price only started going up towards 5pm. I was hoping for a repeat of last month end as I'd suspected it's 'Window Dressing' in action. This time round, volume and price increase was lower.
The recent Q3 results was within my expectations – a Loss. With the sale of an asset in prior quarters, I'd noticed NPI will be lower than Finance Expenses unless they reduce their Borrowings with the Free Cash. Further, even though they have the cash for resuming DPU payout, they'd stated that this will likely only resume in 2015. In the meantime, even though NAV ($4.53 diluted) is at a huge premium, my current preferred strategy is to maintain a Base (for longer term) + Trading (for short term fluctuations). 😀