Magic formula investing is a term referring to an investment technique outlined by Joel Greenblatt that uses the principles of value investing.
Greenblatt suggests purchasing 30 'good companies': cheap stocks with a high earnings yield and a high return on capital. He touts the success of his magic formula in his book 'The Little Book that Beats the Market', Joel Greenblatt, citing that it does in fact beat the S&P 500 96% of the time, and has averaged a 17-year annual return of 30.8%
Haiyaaa......everybody can see from the chart maaa......use microscope and analyse lah....A matter of time lorrrr to become NON RESISTANCE STOCK maaa...wait lorrr...ha...ha...ha
I am not saying this since Im very sure this will go north. But this counter PE is below 10 (precisely 9.78) nad last qtr result is improve yoy.Only is drop compare to previous qtr. The other factor is ex-Ceo still selling low in huge qty,so that might drag down price. I will still follow next couple trading day. But if further down then cut loss and wait until more confident ex-Ceo done with disposing.
Are they having good relationship with the ex ceo? I mean travol and syed. Maybe they asking people to buy so that they can sell high. Trap people in. Lucky I sold 2 days ago. Loss 15% rather than 25%. Thank God.
I want to laugh loud when read you comment, why must people let you make money? Good company does not mean won't go down when market bad and especially some one is selling, should other directors or shareholder to support and buy all from your guys at high price, then u call it good company. ? A lot of blue chip also drop it's price. Don't be so childish. Sorry not purposely comments these.
Walauuu tomyamman, i thought u same ship with me.. Eikksshh.. me also silly thought, if director selling every days also no point... Then me, tomyamguy, tk, Travolta BT n so on can become directors already.. just joking :)
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TomyamGong
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Posted by TomyamGong > 2016-07-15 16:41 | Report Abuse
I think someone convert the son to mother for sell. Nit for keep. Hahaha... wrong guess!!