Wednesday, September 16, 2009

Starhill Global TA

Starhill Global owns roughly 70% of Wisma Atria and 30% of Ngee Ann City. Not a bad REIT to have, and fundamentally good to me because of it's prime district. However, I'm still a little uncomfortable to hold it at this stage of the rally. The reason I bought it is because of TA.

Note that Starhill broke up of the ascending triangle today. How much it would move, I'm not sure. But I'm starting to liquidate positions and lighten load for certain stocks at the moment, given the stage of bear rally which I believe STI to be in.

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