Sold SIME 5.65

Sold SIME 5.65 yesterday. SIME has been below my average cost for almost 4 weeks. pretty nervous looking at uncertainty now day with bad economic data and political drama in Perak, so decided too dispose them yesterday. better safe than sorry. too early? Dow rallied more than 2.5%  last night on the hopes of the stimulus package and bank rescue plan next week. i hope leno is wrong but i'm still holding pelikan just in case i've made a wrong decision. anyway, i agree with turtle...

" I also began to pay attentions to a group of people that use technical analysis - when valuation group defeated, most people will turn to chart which nothing but looking at floor and resistance based on past prices. It has been working well when market lost its sanity, as soon as sanity returns, valuation group will overpower this group, I begin to see people says not all stock is created equal. " ( there's always an exception of course. ex: sam.)

http://turtleinvestor888.blogspot.com/2009/01/portfolio-update-february-2009.html

who the heck i think i am. i am no WB..don't have a lot money to buy and hold. All the datas pointing to south. now definitely not the best time to go with buy and hold strategy.should've disposed pelikan when it was trading 1.28~1.29 earlier. aiya