Bought Wilmar at 6.28

Wilmar had a day low of 6.11, before bouncing up to the 50MA support. I identified my cut loss price at 6.24 with price acceptance of half a day, meaning I must see Wilmar going below 6.24 and staying below 6.24 for 4 hours before I will cut. This is just a guideline. Of course I will see other markets as well before I make a decision.

Target is 6.9 thereabouts, definitely a reward:risk of more than 3:1.

Latest news about Wilmar IPO China :

Thomson Reuters

UPDATE 2-Wilmar seen delaying HK IPO amid volatile market

http://www.forbes.com/feeds/afx/2009/09/30/afx6947127.html