But now she has broken down and close at 0.93. I'm wondering is a buy and hold strategy really works based on fundamentals or one who play fundamental strategy should have taken some profit first after the share run up 16.7% (Based on Fibonacci 1st resistance). Well, this really makes me ponder further how our PEGGY blogger make 50+% profit just using buy and hold strategy top up with dollar cost averaging. Hmmm....PEGGY did also have Pantech in her portfolio. Or I would say he really have some luck during her stock selection where quite a few stocks rose 100% and above. Another thing is Patience that she really have. Thumbs up to him.
At this price of RM0.93, Pantech is trading at PE 9.7 (I just took this data from KLSE Screener Apps). If I were to see her latest Q3 EPS =2.24 and if this were to continue for another 3 quarter without much changes, then with she would deem worth only around 1.07 for a PE=12 (best PE ratio for the last 5 years) , thus she is still not consider fully value. But based on the breakdown chart , bearish I would say, broke 2 support at 1 go, she may end up at RM0.90 or may just test the RM0.86 again. Chartwise she is at medium term downtrend and may need to catalyst for her to do a good uptrend reversal. But again, those who interested to catch knife may get some around RM0.90 or RM0.86 to do a quick snipe. Also one who have some position lock, can do some dollar cost averaging if he/she have the patience to hold at least for another quarter to check on her revenue will be increased ?
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