We have officially entered the second half of the year. I ended the first half of 2018 on a mixed note. On one hand, my hit rate has been es...

Weekly Superstock Scan 2 July 2018 - 6 July 2018: Nil

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We have officially entered the second half of the year. I ended the first half of 2018 on a mixed note. On one hand, my hit rate has been especially low. I have exited most of my positions on a loss for the US stocks, and none of my Singapore stock picks actually made it. The good news is one of my potential superstock, BXC, tripled in value, and the profit from this stock is more than enough to cover the losses from a number of stocks.

I certainly hope to find more stocks like BXC in the second half of the year, and at the same time increasing my hit rate. Is it an issue of stock picking or my execution strategy? I will need to evaluate my trades to come out with the right conclusion and the right remedy.

To start off the second half of 2018, it's another week with no potential superstock. This is not surprising in recent months as the market transited from a trending market to more of a trading range. 

There are still four US stocks that passed the technical screen - CLDC, FNJN, GBR and SALM. Of these, only FNJN had consecutive quarters of EPS growth. However, its business model seems too weird to me. Basically, FNJN only had 10 employees, and their business model is to acquire patents and profit from litigation. I could not see how a company with such business model can grow its profits to be a superstock, hence decided to give it a miss.


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