![[Image: 42eYIJb.jpg]](https://i.imgur.com/42eYIJb.jpg)
This was a stock I bought when stock was 69cts and posted at the old forum.
At that time I bought the company had positive cash flow and cash of 20cts. It also had a business model I like - they will able to scale down when pandemic struck and remain profitable. The cost of business is very low.
Stock is now $2+ it is chased after trend followers like its beauty queen because they see the trend..
If you go back to basics, from the time the company was started to a few yrs of its listing it accumulated cash of 20cts per share. Propnex is the proper business which is subject to ups and downs and limits of market size. So it is really overvalued.
So now I have to handle it as an overvalued stock with a rising stock price detached from underlying fundamentals.
Experience tells me to look for a good exit. The stock near term is driven by trend chasers and positive news flow as property market warms up. So this compels to take the best advantage of the situation.
Also, there has been a not so obvious rally of hidden value stocks...its more difficult to find good long stocks as everything got much more expensive. I'd regular scans to short list stocks and fewer "cheap and good" stocks show up.
REITs which nobody wanted when cheap have also gone up..
I find I had to cast my net wider to HK and Malaysia. But it takes more effort as I am not familiar with these markets and will not invest significantly until I fully understand.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.