Again, I seem to have proven my methods works at least in a bull market.
I bought Falcon Energy Group Limited on 25 March 2017 at $0.111 per share based on my method of bottom fishing.
The purchase was triggered when I saw that the counter was at near to its 52 weeks low share price.
Furthermore, I realise the counter has been buying back shares for a prolonged period. So is the downtrend of the share price unjustified?
Then being the fundamentalist, I did a sum of the parts and realise this counter is significantly undervalued.
So I bought it and was prepared to keep it for some time.
Anyway I did not know why this counter rise so much today but I sold all of them in 2 batches at $0.......