Ha ha …..but more often than not the train breaks down and needs to return to the station ….and the odd times it ends up in engineers workshop
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Percy does very thorough research and from all accounts he has done very well with his picks. He is a quiet achiever who never blows his own trumpet nor puts others down. I have the greatest respect for our Percy, He comes across as a really decent modest man to me :)
Jeez Netflix just wiped out all of its gains going back to February 2018.
Obviously not a blue chip ….but shows when things turn anything can happen
Wish you had not asked me.
Sorry a number of answers coming up.
For the trust I help out on we are neither a buyer or seller.Core portfolio stock.
If I were buying on my on account I would sit.Old saying sell in May and go away.May is only 10 or 11 days away.Often share prices weaken for a few months.
I would actually be watching the chart.Currently it looks "horrible".Very weak.I use Yahoo Finance charts.I would wait until it turns around and new uptrend starts,even if it means paying a bit higher price.
I have often bought companies such as FPH and Ebos when I have made a good surprise profit,ie a spec comes home,or a company i hold has been taken over,and I am looking to invest in a quality.
This is because I have never known either to be cheap.Quality you have to pay for,and both FPH and EBO are top quality.
I am an retired book seller.If you want sound advice I would ask a sharebroker at either Craigs or Jardens.
Seems percy and beagle have been comparing notes
Percy says: If I were buying on my on account I would sit…….I would actually be watching the chart.Currently it looks "horrible".Very weak……….I would wait until it turns around and new uptrend starts,even if it means paying a bit higher price.
Beagle (and others) saying much the same …..and get castigated for saying so
Me …waiting for $16/$18 - the value future cash flows point to reasonable longbterm return
Completely different animals though, momentum trader vs long term investor. Good thing is for those of us with entry points higher than current price with a long term mindset we can forget about the chart just like with PAZ and OCA, the squiggly worm has no insight 3-5 yrs from now.