Global Logistic Properties Ltd (GLP): 24 May 2016, Tuesday, 7.50pm Singapore Time
Attached above is the Technicals for Global Logistic Properties Ltd (GLP)
that is listed in the Singapore SGX.
Donovan Norfolk Ang (DNA) Technical Rating:
<< Strong Sell >>
NB:
DNA is not trading in the stock.
Past Track Record on Global Logistic Properties Ltd Technical Analysis:
Why a good stock is been sell down? Any particular reason? Can share anyone who read here?
ReplyDeleteThere is no such thing as a good stock. A good stock bought at 3x what its price should be in the future is considered buying a bad stock because one will suffer 66% loss buying such a "good stock". A bad stock bought at 0.3x of what its price should be in the future is considered a good stock because one will reap +300% returns buying such a "bad stock". This is how stock market operates.
ReplyDeleteWith worldwide economies deteriorating and negative interest rates in Europe and Japan not helping much, interest rates already at depressed zones and can only have up pressure to cause properties to have down pressure, of course these kind of "good stocks" have to be hammered, making them bad stocks. Good stocks are not good, bad stocks are not bad. Similar to the analogy that good people may not be good, bad people may not be bad. One has to think out of the box in order to do well.
ReplyDelete