Singapore eDev (SGX:40V). Not a multibagger like Medtecs, but good enough. Profit +33.33%

I was hoping for another multibagger like the recent Medtecs (SGX:546) run-up that bagged me a +130.91% profit. It actually was, at one point. But the ensuing sell-off caused it to plummet more than 50% which hit my system's stop loss and it was subsequently unloaded at 0.08 for a profit of +33.33%.

Not too bad, given that it was only held for less than 2 months. It has rebound on Friday but the system is probably not going to look back again for the time being. This kind of sell-off normally won't get a quick recovery. Because the system entered early, before the stock caught attention, the system managed to enter at a reasonably good price.

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As with Medtecs, I deemed such stocks as risky if it is not managed properly. Never put all your eggs into one basket. And due to its volatility, its price moves quickly. Always keep to a strict stop-loss and never hesitate to sell when it is time to sell. And do your own due diligence as well.


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