Monday, August 8, 2016

Karex Follow-up

Looking back at my previous post on Karex, I was quite right - Karex's quarterly report announced on 25 May wasnt as good as its previous one. Its revenue dropped from 22,649,000 from the previous quarter to 9631,000. Hence the price dropped to its lowest at 2.13. As usual, I failed to cutloss or average down. My average now is 2.32 and the today it closes at 2.46. So I'm lucky if I can sell with a small paper profit tomorrow or this week if it hits my target at 2.5 (200MA at 2.53 now; previous target 2.55). Maybe this rise is due to the good news that Karex is featured as one of Forbes' Asia's 'Best Under A Billion' list. I am positive in Karex in long-term but not optimistic with the market sentiment. So, I am hoping I can see and buy back when price drops.


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