If you have not read Part 1, read it:HERE.
To continue, as things turned out, I grew my relatively small initial investment in ComfortDelgro rather significantly.
For weeks following the time I first invested in the business, ComfortDelgro’s share price did a rather placid see-saw movement.
Whenever the share price retreated to around $2.00 per share, I nibbled, as I decided after doing more research that $2.00 was a fairly good price and I believe it still is.
Then, informed by the technical analysis which I did a few months ago, I increased my investment again when its stock declined closer to $1.90 a share prior to the proposed deal with Uber to purchase a 51% stake in LCR.
There was a rebound in its share price after the announcement but in the following sessions, it drifted lower to test support found at $1.90 a share.
What to do?
Panic and sell? …