QUOTE(Boon3 @ Dec 20 2018, 09:25 AM)
Two simple examples on bottom searching... 
Yinson

... and again taking into consideration the bigger picture .....

it's simple...
you don't need to know all sort of trading to make money...
you don't need to be a day trader if you cannot be one...
it's not a crime...
a trader do not have to trade all the time...
when there is no trade, do not feel obligated to make one...

Review work..Yinson

... and again taking into consideration the bigger picture .....

it's simple...
you don't need to know all sort of trading to make money...
you don't need to be a day trader if you cannot be one...
it's not a crime...
a trader do not have to trade all the time...
when there is no trade, do not feel obligated to make one...
Yinson..
The stock is still hanging on..

The TTM eps is about 21+ which means at current price of 4.17, its trading on an earnings multiples of 18+.
Not extremely excessive but here's where the trouble lies.
If one just looks at the trailing numbers without taking into consideration of the quarterly earnings trend, then once could be in for a nasty surprise if the poor earnings trend continue...
And Yinson current quarterly earnings trend is ugly.

So the question is WHAT if Yinson quarterly earnings continues so lousy then how?
Won't the current price be then a bit excessive?
Is it worth taking the risk applying the bottom fishing strategy and making a bet on this stock, right now at these current prices?
*Surprising fact is that Yinson did not tank after the release of its poor earnings in December!*
This post has been edited by Boon3: Jan 3 2019, 09:36 AM
Jan 3 2019, 09:29 AM

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