Profit warning on Chartered. Credit Suisse issues a downgrade on Chartered. Came out just then. Bugger it. Sold it at $1.44. Lost a cent. Still took a wack cos I bought heavily into it.
Had to be safe than sorry. Still has possibility for a rebound, but I'm not into magic tricks at the moment.
Should have stuck with Ausgroup and FerroChina. Never lose a single cent on them. Got out of both of them to buy Chartered.
Sometimes it doesn't pay to be clever.
3 comments:
Chartered is the biggest crab in the world. They are the first among semi-con companies to go into recession and last to come out. TSMC takes 40% utilisation to break even and Chartered takes 70%.
This stock will NEVER see a long lasting trend up. So NEVER touch it, or do near it!!!
Never say never. lol. Looks like its going to open strong today. That Credit Suisse report was a tad wrong perhaps... hmmm... bugger it.
Hee hee, look at Chartered go!! The bastard really picked a fine day to jump up. If anyone knows the name of that Credit Suisse analyst- please give him or her a good kick up the behind. lol.
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