Category: OCBC

Buy @ $7.80. Itchy fingers went to Q during 5pm matching at $7.81 (was $7.81/2 just before 5pm) and got done even lower! 😀

Sell @ $9.25. Decided to contra off as due for payment. No more, going to buy HLFin or other stocks to average down. Buyer CP – CSFB.   😀

Buy @ $9.02. New stock for my portfolio. Anyhow follow LS to buy as I am not familiar with Bank shares. Another 100 points drop for STI today, dropping below 2900. Now cd with 15cts dividend (xd 16-Aug), which may provide some support for a while. 😀

Sold @ $12.40. Mkt seems to be correcting, don’t be too greedy. Sell 1st and see if it drops back to below $12 in the coming days.

Sold @ $12.50. Bank shares have risen a lot after the govt announcement on relaxation of property financing. Since 8-Jul,

• DBS +1.60
• OCBC +1.10
• UOB +0.70

I think it’s better to sell 1st as the prices are too fwd looking. My OCBC was converted from OCBC Rights, which I bought cos’ of a very small arbitrage in price. Original tgt to sell was $11.80~$12.00 for a $0.30~$0.50 gross profit but fortunately, due to the long time taken by OCBC to process the subscription, the price has exceeded my tgt 😀

Saw a report fm CitiGroup after selling. Their tgt price for DBS ($15.75), UOB (15.00) and OCBC ($13.35). Now, DBS ($15.80), UOB ($14.90) and OCBC ($12.50). Thus, only OCBC still have room to go up!