Tuesday 3 October 2017

APAC Realty - Is This a Growth Stock?



APAC Realty from ERA was a hot stock when it went IPO. The stock just shot up higher and higher since the day it debut it's trading. Thereafter, the stock met sellers, there was profit taking then in the counter followed by distribution before the interest for APAC Realty dried up and the stock now started to simmer off. In the long run, I would not invest in this stock because from the chart wise, it's not a growth stock. The sellers were also scary when it comes to selling and the buyers might not support as much. I will be looking to short this counter soon. Stay tune.

Ronald K - A Game Changer