I bought Falcon Energy Group Limited on 25 March 2017 at $0.111 per share based on my method of bottom fishing.
The purchase was triggered when I saw that the counter was at near to its 52 weeks low share price.
|Share price of Falcon Energy Group Ltd|
Furthermore, I realise the counter has been buying back shares for a prolonged period. So is the downtrend of the share price unjustified?
|Buying Back Shares by Falcon Energy Group Ltd|
Then being the fundamentalist, I did a sum of the parts and realise this counter is significantly undervalued.
So I bought it and was prepared to keep it for some time.
Anyway I did not know why this counter rise so much today but I sold all of them in 2 batches at $0.128 and $0.135. Overall, I made a 15% gain!
For those who came to my sharing session last Saturday, I mentioned to all of you that I bought Falcon Energy Group Ltd. If you had followed me, congratulations!