mlennyma wrote:Aguytrying wrote:mlennyma wrote:Aguytrying wrote:mlennyma wrote:Can you smell a new high past 11.60 ?
Yes but I wonder why with the market heading south
safcom set a new high in a red market so it's possible
This is a very confusing bear market. Look at individual stocks not the index. Makes one realise the stocks that have dropped the index from 5000+ must have really dropped individually
very true,can you imagine a stock still in the positive territory when the index is approaching 2000 pts down? ?amazing
Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down - Warren Buffett
Even in a bear market, some stocks may hold up based on improving fundamentals. For KK, the increase in profits YOY has helped.
The PER has dropped for KK 2016 vs 2015 so in a sense there has been a price drop. I expect 2/- for FY 2016. Would KK have increased from 8-ish in 2015 to 10-ish in 2016 without the (projected) 2x EPS increase?
Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down - Warren Buffett
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett