Actually, I was expecting some kind of government intervention, or raising the bar to create some barriers to entry. Nothing of that happens. Furthermore, no special dividend..
Too much uncertainties for transport sector (govt policies, fuel, forex, COE, low barriers to entry, global trade changes and etc etc), my heart not strong enough :)
Reply to @bgting : Yes, it is. I'm just trading my way out of the last 3rd I have.
If it does have a nice fall, then i'll consider going long again as it has other good business verticals.
Actually, I was expecting some kind of government intervention, or raising the bar to create some barriers to entry. Nothing of that happens. Furthermore, no special dividend..
Reply to @BrennenPak : Thanks! :-)
Too much uncertainties for transport sector (govt policies, fuel, forex, COE, low barriers to entry, global trade changes and etc etc), my heart not strong enough :)
Reply to @bgting : Yes, it is. I'm just trading my way out of the last 3rd I have.
If it does have a nice fall, then i'll consider going long again as it has other good business verticals.
Nice one - my experience too. Sometimes very basic things one sees (blue taxis and taxi uncles) don't work. Sadly.