In hindsight I look like a fool because the price shot up by more than 10% now :(
I personally feel that the market will trend lower after this reporting season. In this time of volatility, no logitical analysis can be made of the irrational human behaviours. Good or bad results will not save the day.
My strategy now is more of trading. I bought Noble at average price of 1.80 and I set myself 10% gain after brokerage and 2.08 was good enough for me.
The key is make money in current market situation is to be nimble. Buy when prices drop significantly and sell when there is strong rebounce. Momentum trading at best.
I shall wait at the sideline for Noble to drop again. That day may or may not come but there are so many cheap stocks around with PE around 5 to 10.
Never fall in love with any stock. The key is to make profit, doesnt matter if it is a superstar or a laggard, or some turnaround stories.
2 comments:
Why did you SELL?
In hindsight I look like a fool because the price shot up by more than 10% now :(
I personally feel that the market will trend lower after this reporting season. In this time of volatility, no logitical analysis can be made of the irrational human behaviours. Good or bad results will not save the day.
My strategy now is more of trading. I bought Noble at average price of 1.80 and I set myself 10% gain after brokerage and 2.08 was good enough for me.
The key is make money in current market situation is to be nimble. Buy when prices drop significantly and sell when there is strong rebounce. Momentum trading at best.
I shall wait at the sideline for Noble to drop again. That day may or may not come but there are so many cheap stocks around with PE around 5 to 10.
Never fall in love with any stock. The key is to make profit, doesnt matter if it is a superstar or a laggard, or some turnaround stories.
Have a happy day ahead :)
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