As a long-term value investor, the advice I have received is not to listen to the news or watch market prices daily. However, I have learned over the years to ignore the one about watching prices. This is because a spike in share prices does not last long and you may miss an opportunity if you don’t watch prices daily. A good example is Heitech Padu. The stock price went up by 22% yesterday compared to its Friday closing price. 22 % over 3 days is not a normal thing. So the price spike interests me as it cannot be justified based on its historical performance. So is there going to be some announcement that provides a quantum leap in business performance, or it this some speculative play? To be transparent I have some shares here carried forward from years ago. I have also had a detailed fundamental analysis of Heitech to justify my view.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
satha44
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Posted by satha44 > 2023-02-11 17:14 | Report Abuse
Next week should be good