Although there is a potential trend reversal and the price will go up, but the upside potential of about 3.6% (from $2.20 to $2.28) does not look attractive to me unless I want to acquire Starhub for the quarterly dividend. Anyway, May usually is a bearish month and I will take a wait and see approach to see whether Starhub can drop below $2.00.
Now starhub is CD, once XD another sell down will happen. It really depend whether u wan to get the dividends or not
ReplyDeleteI don't want to chase the stock to get dividend. Will wait for a low price to enter for both potential capital gain and dividend.
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