Stock price of Valuetronics has taken a tumble since 20th April 2018 and fiercely sold down on 26th April 2018 due to reaction of one of its major client, a Dutch MNC reporting sub-par sales performance from its smart home lighting division, mainly in the US. However, it also mentioned the sales should normalize in the second half of the year upon inventory destocking. Then on 27th April 2018, the sell down continued with the stock hitting an intra-day low of $0.64 before closing at $0.68, back to the price level a year ago.
Valuetronics is one of the stock in my Stock Incubator portfolio since June 2017. I did not pay a single cent to own the stock and just early this month I strategically increased the holding by 20% at $0 cost. The fierce sold down did not affect me as I have ......