I should avoid stocks with high PE like >50 right? Like today a limit up stock...

JFTECH?



2 previous quarters were quite good. A tournaround stock?

what took you so long to reply?

Wow, so many rallies this year. All those above and GE rally, MYR rally, Bank rally, and Corporate Restructure Rally in the news

I need to do my revision on what were reported before by analysts during 2013

Financial Year 2016 was quite bad

2 Quarters shown better results, but i don't understand why all the hype for 6M Revenue per quarter company

I need to check their bussiness model

Congratulations.



Doing great!



Oh yeah... and I still in the very early days....gotta say that there's potential for more upsides.

twhong_91

Looking good or whuutttt ?

Boon gor u also holding this? Haha...

History repeats itself.

Looking good! Sold half at 0.32 and holding half as long as the next quarter looks good.

Hehehe

Haha! Me holding? You should know that I do not talk about what stocks I hold.

Selling at 32.....
I understand many like to use this self half strategy....
I don't.

For example, 32 doesn't look like a selling point and for me, you are selling just for the sake of selling.
If I have this one.... I would probably just sit on it. 

Yes. I wanted to take same profit first by selling half of my holding as people are too bullish with semicon.

i forsee this year will be an amazing year for frontkn after reading their qr, annual report and news but this stock is just going too fast imho which in turn got me nervous as a stock will go down for correction right?

By realised half of the profit, i felt much safer.

Mind to explain why u would just sit on it?  Riding the uptrend?

Is it because of it breaking its new high days after days?

I remember of you saying if a stock breaks its high and create new high, one should hold?

You will always need other bullish people.

Stocks are basically not kia cars. They no kaki kia.

Some check points.

1. Is valuation out of whack?
2. Any deep fundamental concerns/risks?
3. Stock technical sell indicators? ( I might be relax on this if the uptrend is rather solid )

Etc etc....

Always better to work on your own niche. Just don't sell for the sake of selling as this usually ends up with deep regrets of seeing stock multiplying after you sell. Good stocks don't come easily, so if we catch one and the future prospects remain  rosy, don't be afraid to hold on to it a bit longer. (Remember.. there is no rule that says the next stock you jump into will be as good.)

My 3 Sen la.... who knows your one might be better than mine one.

I see but you have never shared yours wor boon. who knows yours is actually a better ones?' 

its always nice to read your comment here as i found it very useful and a good learning opportunity from you.

anyway, I switched my bullet to another potential gem.

But overall you roughly know my style.
Trade fewer stocks, fewer frequencies.

Switching tends to lead to careless mistakes. That's my observations. Maybe it's me.
The reason is one tends to find the urge to switch.
It's just pure impulse.
The stock they have sits on nice profit.
The urge to switch causes the trader to sell just in order to facilitate the trade switch..
The stock they switch to, ends 'early'... stock endures few months of uo and down, not going anywhere....
and the stock they switched from, shoots up another 50%.... sometimes even more.

Seen far too often.
It's also one my mistakes during my early paper trading years.....

I know, sometimes, holding on to the stock can be frustrating....
I once, endured a stock that was up close to 50%...
but somehow the stock...that blardee stock .... went into a much deeper correction that I had anticipated.... maybe I err-ed my technical assessment of the stock... and boy oh boy.... before you know it... I carried close to a 5% loss for the stock....

Yeah.... shit happens....
However, luckily for me, my assessment of its future prospect was spot on.... and rest was history.... made close to a 2 bagger.
Luck I guess....
Now this new one....
this 'new gem'.... of yours....

your concern is the sustainability of its profits growth.
Basically it's a turnaround stock.
Profits are finally returning back to its glory years... 3 solid years of turning around... (you highlighted the strong uptrend in the stock)
So perhaps you might consider the risk of sustainability....
Can the earnings continue to grow?

In short... are you maybe a bit too late to play this one game?

Thanks for sharing anyway.....  :thumbsup:

Thanks for sharing. Its indeed frustrating when your stock is stagnant but others are going up. Haha... the art of selling is really hard.

I reckon i should not have sold frontkn as its fundamental remains intacted. Will heed your advice. Initially i planned to hold it for a year but then i saw a blogger saying it is wise to take some profits if your stock is making some good returns which was the reason i sold half of frontkn.

Now the gem of mine, seems like you know this stock huh. Haha.

Yes the past year, the revenue was really impressive and sustainability will be a question as i really dont know whether they can sustain it.

However, i like the business model as i m in the sales industry and i know many people tend to lend money from licensed money lenders and majority of them are government servants.

The business model amazes me where they loan an amount of money to government servants and the payment method will be deducted every month automatically from the gross before transferring the balance to the lenders' bank account, which is known as angkasa loan.

This quarter is hari raya and i forsee the revenue will be increased as people do need to get some money right to spend on hari raya.

With the predicted increased revenue and secured trade receivables, low PE compared to Aeon. Why not give it a try right?

Aeon is not to my liking as they do have many bad debts where people dont pay back some installment. On the other hand, for this potential gem its repayment method is quite secured. Haha.

Ah.... 'listening to a blogger'....

You should develop your own strength. Listening to others could mess you up (me included    )

Anyway... it's past already. You took half profit already. What I would suggest is mark this one trade down into your 555 book for future reference. Keep track of your success and those not so successful. See where you can improve yourself. 
hehe.... for stock whose earnings are growing (or turning around) , it's better to know what stage of the growth you are in. Growth do not last forever and usually after a robust growth period, growth tends to slows...... this is my general believe.
ps: anyway, your reasoning process is well thought out. well done and good luck to your new trade. 

But overall you roughly know my style.
Trade fewer stocks, fewer frequencies.

Switching tends to lead to careless mistakes. That's my observations. Maybe it's me.
The reason is one tends to find the urge to switch.
It's just pure impulse.
The stock they have sits on nice profit.
The urge to switch causes the trader to sell just in order to facilitate the trade switch..
The stock they switch to, ends 'early'... stock endures few months of uo and down, not going anywhere....
and the stock they switched from, shoots up another 50%.... sometimes even more.

Seen far too often.
It's also one my mistakes during my early paper trading years.....

I know, sometimes, holding on to the stock can be frustrating....
I once, endured a stock that was up close to 50%...
but somehow the stock...that blardee stock .... went into a much deeper correction that I had anticipated.... maybe I err-ed my technical assessment of the stock... and boy oh boy.... before you know it... I carried close to a 5% loss for the stock....

Yeah.... shit happens....
However, luckily for me, my assessment of its future prospect was spot on.... and rest was history.... made close to a 2 bagger.
Luck I guess....
Now this new one....
this 'new gem'.... of yours....

your concern is the sustainability of its profits growth.
Basically it's a turnaround stock.
Profits are finally returning back to its glory years... 3 solid years of turning around... (you highlighted the strong uptrend in the stock)
So perhaps you might consider the risk of sustainability....
Can the earnings continue to grow?

In short... are you maybe a bit too late to play this one game?

Thanks for sharing anyway..... 

Boon, so if you did not err-ed back then, you would have exited already?

However, luckily for me, my assessment of its future prospect was spot on.... and rest was history.... made close.....

I see. So if i understand correctly, if technical AND future prospect (FA) is bad only u'll exit. If only one of them is bad, you would not have sell quickly yet ya?