Sold off YTLP last week

last week, before YTLP made an announcement of proposed acquisition of Power Seraya (Singapore power energy company), I've decided to sold off YTLP shares on my hands. as the gloomy equity market like now, it's advisable to keep cash rather than equity. before the announcement made to bursa on Tuesday evening, the share price actually goes up from 1.7x to 1.9x within a week time, i knew that the right times has come to let it go despite it declared a dividend of 3.5cents for dec'08 and 3 cents jan'09 respectively. at the time of writing this post, the price of YTLP stood at 1.80. there is foreseeable the price of YTLP would will go down further in few months time due to weaken pounds in UK (60% of revenue came from UK, Wessex water). I'm targeting the price below 1.50 to buy in.