Recently sold the following shares:
- SSI @ ₱4.71 and ₱4.70 on Aug 30, 2017
- SMPH @ ₱33.70 on Aug 31, 2017
I typically sell for just two reasons, one is to risk manage, the other is that the stock is just plain overpriced and I believe I can eventually pick up the stock at a lower price.
My recent sell of SCC was for reason 1, while WLCON @ ₱8.58, SECB @ ₱260.40, SSI @ ₱4.70 and ₱4.71 and SMPH @ ₱33.70 was for reason 2.
Since I sold WLCON, it has gone up to the ₱9.50 range (I’m still holding some shares) and I’m just wondering how much that stock can still rise.
SMPH is still around the same range as when I sold it. I simply don’t think that the multiples of SMPH justify its price (around 37 P/E), specially with a net income growth rate of around 15% Q/Q. As with WLCON, I’m still holding some SMPH.
SCC has gone up, notwithstanding the ₱5/share that I missed on. I am also still holding some SCC.
SSI and SECB have gone down. I’ve sold all my SSI and am still holding some SECB which I intend to buy again.