16 August 2017, there was a reversal in 1H17 but the price continued its decline until 31 August and bottomed @ 16.83. From that based, the stock rallied up to 19.00 until 15 September followed by a retracement down to 18.07 on 27 September.
A trader who bets on financial reversal for his trade and would decide to sit long on this stock had definitely suffered great disappointment when he saw it crashed from 19.72 to 16.87 on 20 October 2017. The stock rallied short up to 18.72 on 08 November 2017 only to resume its downtrend until 06 March 2028 and bottomed @ 14.32. And then from 07 to 12 March, the stock had a 4-day party peaking @ 18.30 and reversed trend again until 22 June this year bottoming @ 14.10.
Two lessons here:
One, the stock as far as its financial statements are concerned have turned profitable since August last year, but the market ignored its fundamentals until 22 June this year. Meaning to say, the four press releases dated 16 August and 15 November last year and 03 April and 10 May this year were either consciously or unconciously ignored by the market.
Two, this tells us that to be right about the stock's fundamentals does not necessarily result to a profitable trade. It would take 10 long months before the market has finally taken a cautious look and consideration of this stock.
A trader who bets on financial reversal for his trade and would decide to sit long on this stock had definitely suffered great disappointment when he saw it crashed from 19.72 to 16.87 on 20 October 2017. The stock rallied short up to 18.72 on 08 November 2017 only to resume its downtrend until 06 March 2028 and bottomed @ 14.32. And then from 07 to 12 March, the stock had a 4-day party peaking @ 18.30 and reversed trend again until 22 June this year bottoming @ 14.10.
Two lessons here:
One, the stock as far as its financial statements are concerned have turned profitable since August last year, but the market ignored its fundamentals until 22 June this year. Meaning to say, the four press releases dated 16 August and 15 November last year and 03 April and 10 May this year were either consciously or unconciously ignored by the market.
Two, this tells us that to be right about the stock's fundamentals does not necessarily result to a profitable trade. It would take 10 long months before the market has finally taken a cautious look and consideration of this stock.
No comments:
Post a Comment