Several weeks ago some friends, who have a hard time believing in technicals alone, were telling me to buy X (Xurpass) because the company has apparently been buying back their shares at current prices - it was trading between 9.x - 10.x that time.
"Galing sa kinse yan! Umabot pa nga ng Bente. Parang steam games lang, super X-mas sale! Mismong company buma-buy back! Di sila tanga. Bili na tayo!"
"Cheap Valuations" according to my favorite broker.
(Taken from the PSE Edge website)
I'm no fundamentalist and I don't follow brokers. I'm like John Snow,
All I know is had I bought X at that time based on the company's buy back program, I'd be incurring a loss of at least -10% by now.
If you were in my shoes, what would you tell your friends the next time you meet and talk about X?
"Okay lang. Di sila tanga."
"Okay lang. Di sila tanga."
I wonder how long I'll wait before they'll start saying,
"I told you so."
"I told you so."
Ansakit sakit na Boss Z.....
ReplyDeletecheap valuations? earnings per share 2015 measly .13 centavos . at stock price of P8 that a pe of 62 . nothing cheap about this stock .
ReplyDeletesi eX as of 2018 have never gone back to previous highs, and currently below P4 price
ReplyDelete:)
si X as of this day at P0.55 and never look back
ReplyDelete