Trade: Exit Ascendas REIT at $1.68

Tuesday, October 21, 2008

Trade: Exit Ascendas REIT at $1.68

2:41 PM Posted by Grentone
Labels: trading

Remaining holdings in Ascendas has been exited at $1.68. Reason for this exit is due to 'event risk' in tonight's Lehman CDS holdings announcements. I will continue to look for opportunities to go long in EUR/USD or GBP/USD over the next 24 to 48 hours.

Good trades to all.

comments

2 Responses to "Trade: Exit Ascendas REIT at $1.68"

SD said...

October 21, 2008 at 3:31 PM

Oh, thats a fast exit. I thought you are considering to start loading up some stocks in your portforlio. But well, good trade!
Grentone said...

October 21, 2008 at 4:33 PM

thanks hiei for your warm support.

I think I will remain risk adverse for the moment as I feel event risk still raise as a concern to the current market situation, and especially when it comes to equities trading, when there are no buyers (liquidity), we will be bound for greater problems.

Cheers. Thanks for the support

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Tuesday, October 21, 2008