After a good 7 consecutive day of up a minor consolidation is...

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alecfra

3,637 Posts.

153

04/05/18

10:54

Post #: 32881438
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Originally posted by really stupid ↑

These China-based businesses can be quite odd. Sometimes the market just decides that they are legitimate and all of a sudden they get re-rated and the price jumps.

I have no idea on DFM's underlying business - but the recent chart action is similar to NASDAQ: FANH at the end of last year. I sat on that for 18 months as it ranged between $5 and $7. Then, with a transnational catalyst, which of itself was not remarkable, it shot to $12 then $18 then $27. FANH is a bigger business than DFM and is/was fairy easy to understand and verify. At $5 it was a good buy. It's a different stock and different market to DFM, but the price action has some similarities. (I personally think FANH is fully valued now - so pls don't take this as any sort of "tip" into FANH).

I am not comfortable enough with DFM's business to know whether DFM will hold its gains and extend or whether the current spike is a going to fizzle. Just making a comment on these stocks in general.

I'm holding on for the ride.

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After a good 7 consecutive day of up a minor consolidation is not unexpected..I normally expect this for 3 days...but here with such overall positive technical indicators...the rise should continue....and if if $1.5 is exceeded then a quick trip to $1.7 is on the cards......still undervalued c.f Costa at +35 times eaarnings

DFM Price at posting: $1.40 Sentiment: Buy Disclosure: Held
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After a good 7 consecutive day of up a minor consolidation is...

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