- 17 September 2011
- Reaction score
Good find, Ann. A salient reminder that our prosperity is built on the back of our multicultural immigration.
The stock, which traded below 10¢ in 2011, closed 20 per cent higher at $32.56 on Tuesday after the company reported a 24 per cent rise in revenue to $US78.1 million, and a 58 per cent increase in net profit to $US23.4 million, led by strong growth in China.
Altium has certainly been an excellent company. The takeaway message I get from this is to trade less. Find good companies and hold them for years.
I am not sure yet, I may be no good at trading shorter term, time will tell.
I think it all comes down to what works best for each individual trader.
What is your comfort zone Zaxon?For sure. For some people, they can achieve their best possible outcome through trading. For others, they find good quality stocks like ALU and hold them long term. Your personality type and skill set heavily influence what the best approach for you might be.
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This was dead for all money several months back with $20 looking like cracking and the stock to be in free fall. An incredible report and subsequent price action now makes this pretty attractive to me with $35 cracking today.
Feels 'late' to a degree both in terms of the overall market and this price action but the set up in isolation is strong and a strong close here would leave us expecting this to outperform if the market rallies
Yes that's something that I have to factor in during this learning process but not to bad for short term, I definitely wouldn't want to hold a stale / break even position for a few monthsholding/interest fee from memory