EOD Update (6 Jan 2006)
FARMBES continues run. Interestingly, although it shows all the signs of a "managed" run, fundamentally at today's close of 2.71, it is still trading at below 6x PE based on most analysts' forecasts. So how? Hmmmm......
MIDF slowly creeping up since I bought at 1.02/1.03 ... closed today at 1.09.
Latest purchase:
LKT: +4,000 (1.64) ... Total 4,000 ... another sorely undervalued stock. (-) is only 60+mil shares in issue, so not much liquidity.
Latest disposal:
KEYWEST: -8,000 (0.29) ... Balance 37,000 ... moving too slowly for me. Mistake averaging down.
/ichithekiller
posted by ichithekiller @ 5:36 PM
1 Comments:
You made a good choice to sell KEYWEST. KEYWEST is still in a downtrend based on the direction of the 20-day MA. There is no sign that it is forming a bottom yet so it is best sell on rally.
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