In my previous post, I mentioned that QnM is a good buy, and I vested it at $0.81. That was when market open after the financial results released the night before.
Omg today I look at the price and it shot up to $1!
At $1, the dynamics is very different from $0.81. It might be overvalued given that the P/E is a whooping 80+/- ! Nobody knows for sure that their acquisitions in China and Sg might be soaring with good revenues in the next quarter and the equity it faces might be a challenge.
I urge investors to take a cautious approach for this particular stock please.
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