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Sounds like a good plan :) Should not stop there. Probe further - What led to the two consecutive profitable quarters? :) When you are able to list down the "What", probe further again - Is it possible to achieve a turnaround in the current fiscal year?
I agreed with Chong Hon Leong and I started with a few k lots at 0.145-0.16 and managed to add 3 times during the throwbacks while keeping an eye on possible risks that could derail its recovery journey. There's a lot of details in the thread that F@@L created and the information in there can be used to manage our own biases towards Parkson. Meaning - while I am optimistic, I would like to hear other's opinions too just in case that I am wrong.
While you are keeping an eye on the business risks, you will have to manage your own emotions driven by the market swing :) If you are becoming restless seeing the fluctuations in your running profit/loss, this is where you have to probe further - How much are you willing to risk and what are you going to do about it? Just make a decision and move on. And I am sure you will do a better lot size mgmt in your future position from the restless experience.
Indeed, AC. It's obvious and I am sure many are hoping for a lower price entry :) At the same time, volatility is expected due to exchanges between buyers and sellers be it short term or long term - profit taking and churning activities. From loss making to profitable Q1'23 to profitable Q2'23 - many different comments :) Rest assured there will be more different comments when Q3 is out and followed by subsequent quarters. Well, it's public forum if you will :) We just have to manage the risks.