Wilmar #12

After the announcement of the 3Q2013 results, Wilmar faced a sell-off today, November 8, 2013. Wilmar closed at S$3.38, losing 7 cents, with a good volume of about 9 million shares changing hands.

I said the following at the TPG forum this morning,

In particular, I said that "If Wilmar is able to close above 3.38 today, then 3.38 is still a support".

As it turned out, surprisingly or unsurprisingly, Wilmar closed EXACTLY at S$3.38 (with a Weighted Average Price of S$3.385) at the end of the session today, November 8, 2013,

I am Long on Wilmar and I would like to see Wilmar continue to move higher from here. But, if Wilmar continues to weaken, I will just hold on to it, and collect dividend, until it finally moves higher.