Hi Victor and Rusmin,
I recently bought APAC realty at a high of 1.12, since then the price has dropped drastically despite the positive last quarter results. I do not know why is the price dropping. I bought the stock as i believe that the property sector will continue to do well this year.. also the financials seemed ok which was why i Bought into the stock. I averaged down to a price of 1.06 but am still making arnd 20% loss.. I am not sure what my next move should be, but in such scenario, should I hold strong to my convictions? I dont have any more cash to average down anymore sadly…
Personally, we have not look at this company before so do not have much insight on it. Stock price can fluctuate up and down based on number of reasons. You have to ask yourself what is your initial investment thesis when you bought into this company and did you pay at a good valuation. If my investment thesis is no longer valid i will usually sell the stock even if I am making a loss.
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