B4 you make an ass out of yrself, open a chart n google a "shooting star candlestick" image n compare this image with yr chart. Market top reversal. It will drop a lot from here.
Compare greatec and Mi, you will notice that there is no way MI price is lower than greatec..greatec Pe is 43 now..Mi at least should at 3.40 before next qr release..GP 30+ mill which you can quickly calcupate the eps..forward pe let say is 25..tp should be 4.00 which is still very conservative..can you imagine when Miautobotics and Micomponent start to contribute profits this year also
Luckily managed to sell all my position yesterday at 2.95. Goreng is over now. Bye2 MI. Last quarter result is good but it is only improvement 0.52% based QoQ, it does not warrant 40% increase in share price. Hence it has gone beyond its fundamentals. Jst my humble opinion. Stay safe investing
Time to go back to ground. Tech stocks has been favouring a PE of 50 for the past few months.
Mostly due to speculations that factories will be set up in Malaysia than China. Young kids in Penang (most tech companies with price surged are in Penang) are making tons of money by just spreading this news. They helped push the PE from 25 to 50!
Now we may be facing a fresh election soon, it's time for tech stocks to adjust the acceptable PE down a bit.
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....
yorkyork
2,778 posts
Posted by yorkyork > 2020-02-25 16:51 | Report Abuse
No need wait 2.40 hard very very hard