I have read somewhere that it is called “position trading” or something like this. And I think is the best way to follow for my easy trading.
I have to write few words about Cnocc Limited (CEO), that yesterday I decided not to buy and wait again. (of course now I am regretfull)
Let’s start from the main reason I am following this stock.
on GuruFocus I see a Dividend Yeld of 4.60%
on Barchart I see a Dividend Yeld of 4.48%
The point is that I WANT IT. But so far I couldn’t buy it cuz the stock was having a long-term downward trend and I was just waiting for it to stop.
I think that moment is NOW. If the stock will not have any problem near 158$/163$ , I will buy it.
The bad shape seen during the last years caused a drop not only on the price but even on ratios that are at the worst all-time levels, U can check here, but both P-Lynch and DCF are giving a fair value that is almost 70% higher then current prices.
The company is also growing on everything
No more to say. I will buy it if this up-trend will be confirmed as wrote above.