Shares & Derivatives
VICOM – It gives me “spooky” feeling when I use ABC Pattern to check it out
By Wealth Directions  •  January 12, 2015
This is an example of an extraordinary stock performance (However, I feel “spooky” about its level now). From 2009 to 2014 (about 5 years) it achieved almost more than 300%. Or it is 700% if one bought at $1 (between 2004 – 2006).
However, is it a good time to buy this stock now? Think twice, even three times. I just got to see the chart when a friend shared with me about this company. He painted a reason something like: Resilient cash-flow, recession proof over a crisis (e.g. Global Financial Crisis) and economic moat (no competitor for auto inspection business) I don’t deny these facts. However, I recalled in late 2007 when a number of Unit Trust showing-off their performance for the past 5 years mentioning about their growth year-after year. Yes, it’s good performance, however, they are selling at the high end of a market cycle, whoever ...
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By Wealth Directions
With the mission to help 1 Million Millionaires, Wealth Directions Pte Ltd aims to be the leading provider of Financial Education in Singapore and the region. We do not want to be just another seminar provider, but help create a closely-knitted community of like-minded people, who are interested in continuous Personal Development and learning, who believe in improving themselves in order to contribute back to the society at large.
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