Sound Global was previously known as Epure International. This stock has a beautiful uptrend prior to the correction in Jan-Feb 10. In fact, the correction has presented an opportunity to buy as shown by the low k-line (=lower risk). I placed a stop order above $0.820 and got my 5,000 shares at $0.825. The next few days were happy days, seeing the stock climbed higher and higher. $1 is the historical high of this stock but after it went above slightly, it did not have the momentum anymore. I set the stop loss at $0.940 and willing to exit if it goes below it, so that at least I will protect some of the profits. Don’t know if I am lucky or unlucky, my stop loss was triggered.
Bought 5,000 shares at $0.825 on 25 Feb 10
Sold 5,000 shares at $0.925 on 27 Mar 10
Commission = $50
Profit = S$450
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