$GMA7 - MPB Laggard

GMA Network, Inc.
Walang "HOLD" Forever!

2010-2016: +7.82%

MPB 0.07+ in 6 Years!!!

WTF!?!"

(Click to enlarge)

Ledger

Date Transaction Price Size
07/2010 Buy 6.1185 14K
05/2016 Sell 6.65 14K

What's so wrong with GMA7?

Or rather, what's wrong with you, Puhunan?

I really don't know but all I know now is I've lost so much time and value for money on this one.

As usual as a newbie Investor in 2008, this is one of the first three stocks along with GLO and JFC that I intended to hold until retirement on an investment rationale of investing in what you know (IIWYK) which I've learned and adapted from the books of "Bagger" of Mr. Peter Lynch - the only strategy I've easily understood and opted to follow at the time.

As a newly focused and determined Trader, I finally found the right courage to let it go purely on its chart - that's it! - position closed!

But somehow I'm still in search for answers, clues, reasons and any counter-arguments as to why it took me that long to figure it out. I really thought it will catch up to the level of ABS-CBN as in the case of TEL and GLO. Indeed I thought it will be a bagger in 5 years time (actually missed it on its nearly a bagger in July 2012 high at P11.00 just P0.75 short on its ATH in August 2007).

Oh wait, fancy 5 more years? - Nah! Thank You!

Meanwhile, in quest of a cure to my BMS virus I stumbled upon these very helpful articles:



Realisation
"Panay Kilala, Panay Bagger!" - Panai Rao

  • Buy decision must be matched with a planned Sell decision all the time.

  • Don't just Buy and Hold, must Sell too especially if its chart's shouting it out loud. Then Repeat.

  • No need to rely on IIWYK model even on #AlDub phenomenon to "Bagger" but study harder and trade more to Double Your Money (DYM) instead through Charting and TA.

    • In Profits, Take It!

    Indeed!

    Disclaimer: All information and insights posted here are based on Puhunan's learning experience as a newly converted TRADER with real stocks open and/or closed positions. This is not a paid PR-work for any personalities or articles linked here as references for the subject. Also this is not a recommendation or to hype any similar stocks but simply a trading journal for purposes of having the ability to access and review it online anywhere anytime. Puhunan takes no responsibilities to any losses you may incur by blindly following or copying any positions, strategies and/or practices you may find useful here.

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